LUNC Staking Archives - Cryptolifedigital

Following The Arrival Of New Validators, Over 111 Billion LUNC Are Staked In One Day

27Oct

By OLAJIDE SAMUELNo Comments

Blockchain

Following The Arrival Of New Validators, Over 111 Billion LUNC Are Staked In One Day

In a tweet shared by a member of Terra classic development group TerraCVita, said that holders had staked over 111 billion LUNC in one day following the arrival of new validators, representing a daily spike of about 12%. “In the last day before new validators arrive: Staking is up 1.5% to nearly 12%,” the TerraCVita member wrote. “This shows massive long-term confidence in LUNC with a move to a positive economic ecosystem rather than a destructive high tax one.” Read Also: Whales Move A Whopping Over 407 Million DOGE ($32.21 million) In Two Separate Transactions https://twitter.com/RexYellerBelly/status/1585264482363875331 New Validators Launch It is worth noting that the surges came following the day before the new validators launch and the member of the TerraCVita noted...

Terra Classic Developer Says The Next Terra Classic Upgrade (v23 Upgrade) would Bring A Boost To LUNC Network

In a recent tweet shared by a LUNC developer, Raider unveiled that the Terra Classic v23 upgrade would make the Terra network completely inter-functioning with other Cosmo chains as it is made up of the CosmoWasm upgrade. V23 Upgrade To Bring A Boost To LUNC Network This is done to bring a large network boost to the LUNC Cosmo Interoperatibility as it CosmoWasm is a library made up of standard codes for contract building. Read Also: LUNC DAO Introduces $1 LUNC Burn Campaign Raider noted in the tweet that “Only after the TR v23 release containing the CosmWasm upgrade will Terra Classic become fully interoperable with other Cosmos-based blockchains,” https://twitter.com/Raider7019/status/1578423549362331649 V22 LUNC Upgrade Happened In August 2022 The idea of the v23...

Additional 32 Billion LUNC Is Staked In The Past Few days, Sentiment Is Positive

Per LUNC staking's Twitter handle, over 566 billion LUNC have been staking so far which represents over 9% of the total LUNC supply which is 6.9 trillion. The update was shared on the LUNC staking, an official bot tracking and updating Terra classic data every 10 minutes. https://twitter.com/LuncStaking_Bot/status/1570988428690608129 At the moment, an additional 32 billion LUNC has been staked in the past few days. as reported by Cryptolifedigital, the total staked then was about 534 billion LUNC. Read Also: Shiba Inu Is Now Available For iOS Users Resident In Australia The massive staked this time is a clear indicator that more investors have long-term belief in the project. Consequently, it also reduces the circulating supply and selling pressure on the asset. It is ...