LUNC Archives - Page 2 of 4 - Cryptolifedigital

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...

An additional 6 Billion Plus LUNC Was Staked Making The Total Staked To 534.29 Billion LUNC

10Sep

By Cryptolifedigital1 Comment

Cryptocurrency

An additional 6 Billion Plus LUNC Was Staked Making The Total Staked To 534.29 Billion LUNC

There has been massive LUNC staking over time in the quest to get the token revived by the community. According to the tweet shared by LUNC staking, the number of tokens staked has reached 534.29 billion LUNC. https://twitter.com/LuncStaking_Bot/status/1568502051755413505 It was recently reported by the Cryptolifedigital, that the amount of staked LUNC calmed at 528 billion which implies that the current staked LUNC has now increased by over 6 billion in the space of 72 hours. Read Also: Cardano Leads Grayscale Smart Contract Platform Ex-Ethereum (GSCPxE) Fund. Staking Is To Reduce The Amount Of LUNC It is worth noting that the idea behind the staking is a means to reduce the total of 6.9 trillion and at the moment, it is good to know that the current staked LUNC r...

Almost 155 Million LUNC Has Been Burned By MEXC Global In The Space Of Five Days

9Sep

By CryptolifedigitalNo Comments

Cryptocurrency

Almost 155 Million LUNC Has Been Burned By MEXC Global In The Space Of Five Days

Following the MEXC Global support for the LUNC’s 1.2% tax burn proposal, almost 155 million LUNC have been burned in the past five days of its two-week LUNC burn event. Interestingly, in the last two days, almost 107 million LUNC were destroyed. Read Also: LUNC Now Surpasses Bitcoin In Terms Of Trading Volume And Houbi Unveils Its Plan To Support LUNC 1.2% Tax Burn Proposal It is worth noting that the MEXC exchange is so passionate with its support that as the start burns immediately it added its support to the token. However, the exchange made it known that burning will run for two-week after which it will await feedback from the community to know maybe to continue or not. The positive shift currently experienced in the Terra community is exciting the whole LUNATICs as the to...

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...