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LUNC Now Surpasses Bitcoin In Terms Of Trading Volume And Houbi Unveils Its Plan To Support LUNC 1.2% Tax Burn Proposal

9Sep

By Cryptolifedigital1 Comment

Cryptocurrency

LUNC Now Surpasses Bitcoin In Terms Of Trading Volume And Houbi Unveils Its Plan To Support LUNC 1.2% Tax Burn Proposal

There is no doubt that the LUNC coin has already with a series of breakthroughs happening to the token over the past few days. In a recent tweet by Houbi Global, it unveils its plan to support the LUNC 1.2% tax burn proposal on the 13th of September. https://twitter.com/HuobiGlobal/status/1568083832838172672 According to the Houbi Global:“We have learned about the 1.2% Tax Burn Proposal on the Terra Classic (LUNC) community. To ensure your transfers remain unaffected, Huobi Global will support this proposal,” Exchanges Like MEXC Global, KuCoin, Gate.io, And Binance Now Support LUNC 1.2% Tax Burn Proposal In the course of the announcement, Houbi reveal that it has set September 13th, 2022 as the date for the implementation provided that permission was given by Terraf...

Binance, The Largest Crypto Exchange Adds Support To The LUNC’s 1.2% Tax Burn Proposal, But Only Applicable To Deposit And Withdrawal

9Sep

By Cryptolifedigital4 Comments

Cryptocurrency

Binance, The Largest Crypto Exchange Adds Support To The LUNC’s 1.2% Tax Burn Proposal, But Only Applicable To Deposit And Withdrawal

The rate the platform raise support for the LUNC this time is a clear indication that the coin has revived and watching the reaction of the LUNC in the market is another indication of the total restoration of the coin. The recent announcement by Binance said it supports the 1,2% tax burn proposal and it focused on the minimum withdrawal amount, maximum amount, and withdrawal fees for LUNC and USTC via the Terra Classic network once the Tax burn goes live on Sep 20th. Read Also: LUNC Bypass Some Coins Like Bitcoin Cash, Monero, And Few Others To Occupy 26th Position https://twitter.com/binance/status/1567861201677295618 According to the largest crypto exchange;“Deposits: Transactions will be taxed by the Terra Classic network before it reaches Binance. The balance will be cre...

LUNC Bypass Some Coins Like Bitcoin Cash, Monero, And Few Others To Occupy 26th Position

8Sep

By CryptolifedigitalNo Comments

Cryptocurrency

LUNC Bypass Some Coins Like Bitcoin Cash, Monero, And Few Others To Occupy 26th Position

It has been an improvement upon improvement in the Terra blockchain as its LUNC token breaks through various limits. According to the data from CoinMarketCap, the coin has been doing greatly well, it reported that the coin bypassed some major coins to occupy the 26th position from the former 206th position. Source: https://coinmarketcap.com/ The coin bypassed some major coins such as Bitcoin Cash, Monero, ApeCoin, Tezos, etc., in the market cap rankings to occupy its current position by market cap. Read Also: Various Disputes Present In The Process Of Being Briefed: Ripple Versus SEC LUNC now occupies the 26th position on CMC after its market cap experienced a 31.78% spike in the last 24 hours to about $2.9 billion. According to the same data, the market cap has nearly d...

Exchanges’ Interest On LUNC’s 1.2% Tax Burn Increases As KuCoin And Gate.io Add Their Supports

7Sep

By Cryptolifedigital2 Comments

Cryptocurrency

Exchanges’ Interest On LUNC’s 1.2% Tax Burn Increases As KuCoin And Gate.io Add Their Supports

According to a press release on the 7th of September, 2022, KuCoin stated it would add support to the LUNC's 1.2% burn proposal. Recently, the LUNC has been gaining a lot of momentum as the various platforms are showing their interest in the token including its burning proposal designed to revive the token. KuCoin Adds Support On 1.2% Tax Burn Proposal “KuCoin will support the 1.2% tax burn when the proposal is officially approved and implemented on Terra Classic (LUNC) mainnet,” the exchange said. Howbeit, KuCoin said all services for the LUNC token would remain unchanged in case TerraForm Labs refuses to approve and implement the proposal. Read Also: LUNC Ranks First In Terms Of Market And Social Activities As Its Community Staked Additional 28 Billion ...

LUNC Ranks First In Terms Of Market And Social Activities As Its Community Staked Additional 28 Billion

7Sep

By Cryptolifedigital1 Comment

Cryptocurrency

LUNC Ranks First In Terms Of Market And Social Activities As Its Community Staked Additional 28 Billion

Despite the downtime in the Terra ecosystem, the Lunatics have not lost hope in the Terra and its token. The recent activities of the community displayed the strength they have in the token. According to the LUNC Burn, an unofficial Twitter account live tracking all LUNC Burns, share data on Monday on the staking of 528 billion LUNC in 3 hours which represented the 28 billion increase. Read Also: Vasil Node Candidate, Version 1.35.3 Nowe Produces 94% Of The Block And Four Different Exchanges Disclosed Their Readiness For Vasil “We are currently at 528.8b $Lunc staked, an increase of 28b in the last few hours. 7.66% of total supply locked up,” the account noted in a tweet. https://twitter.com/LunaBurn_13/status/1566923866303250433 Total LUNC Staked Calms At 528 Billio...

Crypto.com Adds LUNC To The Top Gainers’ List As It Spike By almost 20%

6Sep

By Cryptolifedigital1 Comment

Cryptocurrency

Crypto.com Adds LUNC To The Top Gainers’ List As It Spike By almost 20%

LUNC has been doing greatly well over the week, although its good performance hasn’t made Crypto.com include it in the gainers’ list. In the recent hour, Crypto.com added the token to the top gainer list and at the moment, LUNC is at the topmost position in the gainer list. Interestingly, the data from Crypto.com revealed that the asset has gained by 18% in the past 24 hours at the time of writing. Read Also: LEASH Token Is Now Officially Live On BlueBit.io In Addition To Three Other Shiba Inu Tokens Redditor Reveals The New Development About LUNC Shortly when the token was added, the Redditor revealed the development in the Terraluna subreddit. “LUNC finally added to the Crypto.com top gainers.” Though elated, most users noted that the move should have been mad...

MEXC Global Becomes The First Lead Exchange To Support LUNC Tax Proposal And It Burns Over 25.4M In The Last 48 Hrs

5Sep

By Cryptolifedigital2 Comments

Cryptocurrency

MEXC Global Becomes The First Lead Exchange To Support LUNC Tax Proposal And It Burns Over 25.4M In The Last 48 Hrs

The supply of the LUNC has been greatly reduced over time as the various platform added support to the token. Recently, a blog post was released saying that the crypto exchange MEXC Global unveiled its plan to add support to the LUNC community burn tax proposal between 10:00 September 3 to 10:00 September 17 (UTC). https://twitter.com/MEXC_Global/status/1566406957942026240 MEXC Global stated:“To support the burn tax proposal from the Terra Classic (LUNC) community, MEXC will launch a time-limited burning event for spot trading fees of LUNC/USDT and LUNC/USDC,” Recall, that the LUNC tax proposal stated that a 1.2% tax be applied on all on-chain transactions and burns. MEXC Global said the spot trading fee for LUNC trading pairs will be adjusted to 1.2%. MEXC notes that it ...

Tota Burned LUNC Stands At 3.08 Billion As 1.2% Burn Proposal Is Duly Followed

26Aug

By Cryptolifedigital1 Comment

Cryptocurrency

Tota Burned LUNC Stands At 3.08 Billion As 1.2% Burn Proposal Is Duly Followed

The LUNCARMY has resumed their activities with full force as the number of tokens burned now hit over 3 Billion LUNC. The good news was revealed on the LUNC Burn’s Twitter handle in the course of analyzing the volume traded in the last 24 hours. https://twitter.com/LunaBurn_13/status/1562885463891152896 According to the tweet, the LUNC volume traded in the last 24 hours is $157 million and per the 1.2% burning proposal which was passed some month ago which says 1.2% of transactions in the community will be burned to maintain the price of the token. Read Also: Binance Sets To Update Its Cardano Nodes Ahead Of Vasil Hard Fork As reported by the LUNC Burn; “Total burned LUNC stands at 3,080 billion. The volume traded in the last 24hrs is $157m, 1.2% of that is $1.88m at these p...

Terra Tokens (LUNC And LUNA) To Be Listed By Poloniex Exchange On The 17th Of August

16Aug

By Cryptolifedigital1 Comment

Blockchain

Terra Tokens (LUNC And LUNA) To Be Listed By Poloniex Exchange On The 17th Of August

The Terra ecosystem is called to anticipate the enlisting of its tokens Terra (Terra (LUNA) and Terra Classic (LUNC)) by a giant cryptocurrency exchange, poloniex. The exchange stated, “We’re excited to welcome Terra (LUNA) and Terra Luna Classic (LUNC) to Poloniex.” The update was revealed via poloniex’s official website. It is interesting that despite the recent Terra collapse when all think all hope is gone, Poloniex announces support for its tokens. The Poloniex stated: .blockspare-9ab56878-3664-4 .blockspare-block-container-wrapper{background-color:#f9f9f9;padding-top:20px;padding-right:0px;padding-bottom:20px;padding-left:0px;margin-top:30px;margin-right:0px;margin-bottom:30px;margin-left:0px;border-radius:null}.blockspare-9ab56878-3664-4 .blockspare-image-wrap{backgroun...

Despite The Allegation Against The Terraform Labs, The U.S. Community Now Target Improving LUNC On Via Burning Mechanism

26Jul

By Cryptolifedigital1 Comment

Cryptocurrency

Despite The Allegation Against The Terraform Labs, The U.S. Community Now Target Improving LUNC On Via Burning Mechanism

The LUNA community in the U.S has despite the various lawsuits against the Terraform Labs CEO, Do Kwon, Daniel Shin, and Terraform Labs shifted their target to the burning LUNC. Since this time, the LUNC’s price has revealed bullish potential, trying to overcome the bear. The community is now focused on the proposal 3568 for the enhancement of the LUNC through the integration of the burning method. This proposal stated a tax burn mechanism or method to limit the overall supply of LUNA classic, therefore increasing the remaining tokens. as stated, the burning will continue till the circulation remain 10 billion. Read Also: Businesses That Have SHIB Investors Among Their Employees Can Now Offer Them An Opportunity To Get Paid In SHIB: NOWPayment Read Also: FOMO Pay To Use Ripple...