LUNC Archives - Cryptolifedigital

Former Terra Classic (LUNC) Developer Zaradar Mocks Price Logic, Ignites Fuss in Community

24Jun

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Former Terra Classic (LUNC) Developer Zaradar Mocks Price Logic, Ignites Fuss in Community

In a recent turn of events, Tobias Andersen, also known as Zaradar, a former core developer of Terra Classic (LUNC), has sparked controversy within the LUNC community by ridiculing the cryptocurrency's price logic in relation to Bitcoin (BTC). Zaradar's remarks in a tweet highlighted what he perceived as a significant discrepancy between Bitcoin's price movements and those of LUNC, sarcastically dubbing it "Lunatic logic." Zaradar Mocks The LUNC's Price Logic Zaradar drew attention to the fact that when Bitcoin experiences a 2% drop in value, LUNC tends to plummet by 10% or more. Conversely, when Bitcoin surges by 25%, LUNC fails to reflect any substantial gains. Accompanying his tweet was a mocking GIF featuring a panda, which further emphasized the humorous tone of his message. The twe...

Voter Expresses Concerns and Votes Against LUNC Proposal 11554. Was He Right?

20Jun

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Voter Expresses Concerns and Votes Against LUNC Proposal 11554. Was He Right?

In the latest vote on Proposal 11554 by Lunanauts, a LUNC Validator, a participant has chosen to vote against the proposal and has provided a detailed explanation for their decision. The voter expressed concerns about the implementation and potential unintended consequences of the proposal, outlining several key points. https://twitter.com/Lunanauts_Lunc/status/1671096770170847232 The voter Raises The following Concerns, He Votes No for Proposal 11554 The primary concern raised by the voter is the potential impact on passive investors. The proposed tax on non-transacting and non-staked tokens may penalize holders who choose not to engage actively with their LUNC tokens. The voter believes that every holder, regardless of their level of activity, contributes to the stability of the LUN...

Cremation Coin Burns Over 106 Million LUNC, Now The 3rd Highest Burner

14Mar

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Cremation Coin Burns Over 106 Million LUNC, Now The 3rd Highest Burner

The recent development revealed that the recently launched project, Cremation basically to reduce the excessive supply of crypto tokens just sent a total of over 106 million Terra Classic (LUNC) tokens in a single transaction. This marks the project’s highest single LUNC burn since its launch last December. The team behind the project called public attention to the transaction in a tweet today, expressing their gratitude for the substantial support from the community. Read Also: Terra Classic Stakes Over 9 Billion in A Week, Almost 1.8 Billion In 24 hours https://twitter.com/Cremation_Coin/status/1635476237081624579 Cremation Incinerates 106 million Plus in A Week More also, the team went ahead to share a graphical representation of the burns which showed that it is to 106,101,5...

Terra Rebel Launches A Lottery Game On LUNC, It Will Enhances LUNC Burns

29Oct

By CryptolifedigitalNo Comments

Cryptocurrency

Terra Rebel Launches A Lottery Game On LUNC, It Will Enhances LUNC Burns

Terra Rebel tweeted that it had recently launched a lottery game on the LUNC network. According to the record, the application is the first of its kind on the network that is being launched by the team. Terra Rebel Launches Lottery Game On LUNC Network The users are invited to look up the DApps on Terra Rebel’s website to participate, in the process, they will be asked to connect their Terra Luna Classic (LUNC) wallet. As gotten from the detail shared on Twitter, one lottery ticket costs only 5000 LUNC (approximately $1.25 at current rates). Notably, the game will select a winner at the end of each round which spans seven days. Read Also: Terra Classic Launches First-Person Shooter (FPS) Game Where Users Can Play And Earn Reward https://twitter.com/TerraRebels/status/1586...

Terra Rebel Declares USTC The Terra Classic Reserve Currency As They Combine Zaradar’s And Alex’s Proposal Together

24Oct

By OLAJIDE SAMUELNo Comments

Cryptocurrency

Terra Rebel Declares USTC The Terra Classic Reserve Currency As They Combine Zaradar’s And Alex’s Proposal Together

In the quest to have a successful re-pegging of the USTC, the Terra Rebel had made it known in the recent AMA session hosted by WSB Trader Rocko, a core developer at the Terra classic by the name of Tobias Anderson said that the developers are working to combine the proposal created by Alex ForShaw and Zaradar as recently proposed by Edward Kim. Terra Rebel To Combine Proposal This new proposition will not need any minting of any new token as stated by Zaradar. Tobias Further noted; “Alex and Max, they will work on an integrated proposal,” said Zaradar. “So we can sort of put that whole debate to rest, and you know, have a shared vision on how to fix this that will avoid printing more LUNC that will avoid neglecting USTC’s role as our reserve currency.” Read Also: SHIB Burn Rate ...

Bitrue Exchange Adds Support For LUNC 1.2% Tax Burn With KuCoin, MEXC Global, And CoinInn Supporting LUNC trading Burns

14Sep

By CryptolifedigitalNo Comments

Cryptocurrency

Bitrue Exchange Adds Support For LUNC 1.2% Tax Burn With KuCoin, MEXC Global, And CoinInn Supporting LUNC trading Burns

The LUNC 1.2% tax burn is gaining popularity daily with exchanges ahead of the date it would go live. In a recent announcement by a Singapore-based cryptocurrency exchange, Bitrue, the exchange announces its support for the LUNC 1.2% tax burn proposal and it added that the 1,2% tax burn will be implemented for all Terra classic ecosystem tokens which include LUNC, USTC, MINE, ANC, STT, ORION, and C2X. More also, Bitrue stated that the 1.2% tax burn will only be implemented in all on-chain transactions involving the listed cryptocurrencies. Read Also: Ripple And SEC To File A Public Motion For Summary Judgement On The 19th Sept: US Lawyer Reveals While the most anticipated 1.2% tax burn goes live on the Terra classic network on the 20th of September, the Bitrue exchange said it...

How Long Will It Take LUNC To Hit $1? The Possibility Is Highlighted

13Sep

By Cryptolifedigital1 Comment

Cryptocurrency

How Long Will It Take LUNC To Hit $1? The Possibility Is Highlighted

There has been questioning common in the LUNC community saying can LUNC make $1 or just a pipe dream sold by crypto “degens” to “shill” their bags? Although, pundits like Michael Van de Poppe of Eight Global have asserted that LUNC cannot clinch the $1 price point. Conditions That Will Get LUNC To $1 To find our answer, we put some perspective into consideration. Data show that LUNC can hit the price $1 price point under two conditions. The first condition is that LUNC achieves a market cap of $6.9 trillion, nearly seven times the entire crypto market cap. On the other hand.The second condition is for LUNC to get back to a total supply of $40 billion. Although the first scenario may be very unfeasible as the project will have to build an economy capable of bypassing the GDP of...

LUNC 1.2% Tax Burn proposal Has A Support Of 99.97% Vote, No Doubt, The Proposal Goes Live On 20th September 2022

13Sep

By CryptolifedigitalNo Comments

Cryptocurrency

LUNC 1.2% Tax Burn proposal Has A Support Of 99.97% Vote, No Doubt, The Proposal Goes Live On 20th September 2022

According to the tweet shared on the 12th of September, 2022, showing the result of the community’s voting on the LUNC’s 1.2% tax burn proposal. LUNC 1.2% Tax Burn Proposal Has An Overwhelming 99.97% Support The development was shared by a Twitter handle, TerraRebel, which revealed that the vote was almost 100% in support of the proposal. According to the tweet, the tax burn got over 96% votes while the anticipated vote in support of the proposal calmed at over 99%. Read Also: Attorney John Deaton Shares Scenarios On How Issues Between SEC And Ripple Could Be Settled https://twitter.com/MoonNextStation/status/1569271172197666816 Recall, that the 1.2% burn proposal was designed as a means to revive the LUNC token from the effect of the prominent May Terra collapse. However...

Max Callisto, One Of The LUNC DAO’s CEOs To Re-Open IBC Protocol While Terraform Labs Re-Affirm The Implementation Of LUNC 1.2% Tax Burn Proposal On the Sept 20th.

12Sep

By Cryptolifedigital3 Comments

Cryptocurrency

Max Callisto, One Of The LUNC DAO’s CEOs To Re-Open IBC Protocol While Terraform Labs Re-Affirm The Implementation Of LUNC 1.2% Tax Burn Proposal On the Sept 20th.

According to a tweet by Max Callisto, he disclosed launching a proposal for the Terra classic community to enable again the Inter Blockchain Communication (IBC) protocol. Terra Classic Community Members To Re-Enabling IBC Protocol Max Callisto is one of the LUNC DAO’s CEOs, it stated in his tweet;“As one ofLUNCDAOCEOs, reopen the IBC gates of Terra Classic!” https://twitter.com/MaxCallisto/status/1569171666143707138 Why Was The Protocol Created? The IBC protocol was created by Cosmos to connect independent blockchains and allows them to exchange data and tokens. As a Cosmos chain, Terra Classic used IBC but had to disable it during the LUNA Classic (LUNC) crash following the Terra USD (USTC) de-pegging incident to prevent LUNA liquidity pools from suffering impermanent lo...

Users Can Now Convert LUNC And USTC To Bitcoin, BUSD, And Tether Without Paying Any Fees

12Sep

By CryptolifedigitalNo Comments

Cryptocurrency

Users Can Now Convert LUNC And USTC To Bitcoin, BUSD, And Tether Without Paying Any Fees

A recent tweet by the largest cryptocurrency exchange, Binance made it known that Users can now easily convert LUNC and USTC to Bitcoin, Binance USD (BUSD), and Tether (USDT) without paying any fees. The new development was made known on its official website that Binance now adds Terra classic (LUNC) and UST classic (USTC) to Binance Convert. Read Also: Shadow Fork 13, The Final ShadowFork Was Successful In Preparation For Merge, Goggle Starts A Countdown Timer For Merge https://twitter.com/binance/status/1569161357366538241 Facts About Binance Convert it is a device where exchange users can quickly convert one crypto to another. However, this service is different from trading but basically for converting one coin to another. The incident of this new development indicate...