Stablecoin Market Terra Swap Archives

Stablecoin Market Surges to $160 Billion, Marking Post-Terra Collapse High

24Apr

By OLAJIDE SAMUELNo Comments

Blockchain

Stablecoin Market Surges to $160 Billion, Marking Post-Terra Collapse High

The market capitalization of stablecoins, cryptocurrencies pegged to fiat currencies like the US dollar, has reached $160 billion this week. This milestone signifies a significant recovery for the stablecoin market, reaching a level last seen in May 2022, just before the dramatic collapse of Terra's UST stablecoin. Read Also: Terra Classic Community Revives Network with IBC Restoration Stablecoin Market Booms: Supply Growth Drives Expansion Since December 2023, the stablecoin market has witnessed a substantial increase of $28.63 billion. This surge can be attributed to the rising supply of several dollar-pegged coins, with major players like Tether (USDT) and USD Coin (USDC) experiencing significant growth. Tether, the industry leader, boasts a market cap of $109.9 billion, while USDC...

Terra Classic Community Sees Security Boost with Terraport Launch

1Apr

By OLAJIDE SAMUELNo Comments

Blockchain

Terra Classic Community Sees Security Boost with Terraport Launch

The Terra Classic community is celebrating a significant security improvement with the upcoming launch of Terraport, a decentralized finance (DeFi) platform built on the Terra Classic blockchain. According to a tweet by Rexyz, a network developer, Terraport has achieved an impressive 86.50% security score on pre-launch tables, placing it at 17th out of 380 projects. If Terraport maintains this score upon full launch, it would rank within the top 230 DeFi projects out of nearly 12,000 evaluated by Certik, a leading blockchain security firm. Read Also: XRP Poised for Surge Above $13 on Complex Elliott Wave Pattern, Analyst Claims https://twitter.com/RexYellerBelly/status/1774475926169927856 This news is a major win for Terra Classic, which currently sits below 50% on the same Certik crit...

Terra Classic (LUNC) Drops KYC Requirement for L1 Developers in Surprise Move

22Mar

By Adaralegbe Tosin MNo Comments

Blockchain

Terra Classic (LUNC) Drops KYC Requirement for L1 Developers in Surprise Move

The Terra Classic (LUNC) development community took a sharp turn on KYC (Know Your Customer) requirements for L1 developers. In a surprising move, proposal 12033, which mandated KYC, was repealed following a tweet from TerraCVita, a prominent voice in the Terra Classic community. Read Also: Terra Classic (LUNC) Shows Resilience with Surge in Holders, Price Uptick https://twitter.com/TerracVita/status/1770881735586119920 This reversal comes amidst ongoing efforts to rebuild trust and transparency within the Terra Classic ecosystem after the May 2022 collapse. The previous KYC requirement aimed to introduce accountability among developers. However, concerns arose regarding potential privacy limitations and hindered innovation. The repeal of the KYC proposal signifies a shift towa...

Terra Classic’s $0.03 Dream: Can the Phoenix Rise Again?

30Jan

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Classic’s $0.03 Dream: Can the Phoenix Rise Again?

The cryptocurrency market is a wild ride, and Terra Classic (LUNC) is experiencing its share of ups and downs. Analyst Derek (@kimmyboy2) has stirred the LUNC community with a call to focus on the long-term goal of $0.03, prompting questions about the feasibility of such a monumental climb. Read Also: Cardano To Jump By 36% In February Considering Historical Perspectives https://twitter.com/kimmyboy2/status/1751344962112028743 A 300x increase from LUNC's current price of $0.0001011 is undoubtedly ambitious. Reaching $0.03 would rocket LUNC into the top 3 cryptocurrencies by market cap, a colossal feat considering its current market position. While not entirely impossible, this journey faces significant hurdles. The Path to $0.03 Token Burns: Reducing circulating supply throu...

Terra Luna Classic (LUNC) Surpasses 95 Billion Milestone in Burn Campaign

27Jan

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Luna Classic (LUNC) Surpasses 95 Billion Milestone in Burn Campaign

In a remarkable display of community coordination and commitment, the Terra Luna Classic (LUNC) burn campaign has achieved a monumental milestone, surpassing 95 billion LUNC tokens burned. This collective effort involves crypto exchanges, validators, projects, and dedicated community members who have driven the campaign forward. The campaign's success is underscored by the weekly average burn rate of 600 million LUNC tokens, marking a substantial increase since November. Leading the charge in this endeavour is Binance, which has contributed over 51% to the total LUNC burn through its monthly burn mechanism. In its latest move, Binance incinerated a staggering 5.57 billion LUNC tokens in the 17th batch of its burn mechanism, bringing its total contributions to nearly 50 billion LUNC toke...

Terraport’s TERRA Token Achieves Coingecko Listing Milestone

29Dec

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terraport’s TERRA Token Achieves Coingecko Listing Milestone

In a significant leap forward for Terraport Finance, the platform's native cryptocurrency, TERRA token, has officially secured a listing on Coingecko. The announcement, made via a tweet from Terraport Finance, marks a crucial milestone in the project's journey towards broader recognition and accessibility within the cryptocurrency market. Read Also: Terra Classic Proposes to Incinerate A Total of 8 Million USTC With The View to Revive Community Pool https://twitter.com/_Terraport_/status/1737563629061374085 TERRA Is now on Coingecko Coingecko, a reputable and widely used cryptocurrency data aggregator, provides users with comprehensive information on various digital assets, including price charts, trading volumes, and market capitalization. The listing of TERRA on Coingecko not o...

Terra Classic Meme Contest 2023: Unleash Your Creativity and Humor in the Crypto World!

27Dec

By OLAJIDE SAMUELNo Comments

Cryptocurrency

Terra Classic Meme Contest 2023: Unleash Your Creativity and Humor in the Crypto World!

Greetings, Terra Classic Community! As we step into the New Year, the Terra Classic team is thrilled to announce the launch of the Terra Classic Meme Contest 2023! Get ready to showcase your wit, humour, and creativity as we bring laughter and joy to our incredible community. Read Also: Solana (SOL) Emerges Victorious in 2023: Can it Surpass $1,000 and Outshine Ethereum? How It Works: Create Your Meme: Craft a meme that revolves around Terra Classic, blockchain, or the crypto world, infused with a dash of New Year's spirit. We encourage participants to be original, creative, and, most importantly, respectful in their entries. Post Your Meme: Share your meme masterpiece in the dedicated contest thread between December 26th, 2023, and January 15th, 2024. Ensure that your submis...

FireToken Launches Presale, Promising 99.9% Token Burn and All-Time Highs for $LUNC”

23Dec

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

FireToken Launches Presale, Promising 99.9% Token Burn and All-Time Highs for $LUNC”

In the ever-evolving landscape of cryptocurrency, FireToken has emerged with an ambitious presale, aiming to achieve a remarkable 99.9% token burn and propel its native currency, LUNC, to unprecedented all-time highs. The project has generated significant buzz within the crypto community, enticing potential investors with promises of substantial returns based on their contribution levels. Read Also: PointPay Announces Listing of Doge Killer Token (LEASH) on Crypto Banking Platform https://twitter.com/Chot4a/status/1738476788576080151 FireToken Launches Presale FireToken's presale, accessible at http://presale.firetoken.net/13, invites participants to join the initiative and become part of a community-driven effort to burn a substantial portion of the $LUNC tokens. The mechanics are...

Terra Classic (LUNC) Community Rejects USTC Burn Proposal Amid Legal and Technical Concerns

20Dec

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Classic (LUNC) Community Rejects USTC Burn Proposal Amid Legal and Technical Concerns

The Terra Classic (LUNC) community faces a pivotal moment as it rejects a proposal to burn 800 million USTC due to concerns over technical complexities and potential legal implications. The decision reflects the community's commitment to finding alternative solutions for reducing the circulating supply while navigating challenges. Read Also: INDODAX Celebrates Milestone with Addition of BoneShibaSwap (BONE) to Crypto Marketplace Rejected Proposal and Community Sentiment In a crucial vote, the Terra Classic community turned down Proposal 11913, titled "RH MultiSig Wallet – Burn 800m via Update to Terrad Client." The proposal aimed to burn dormant USTC held within the Risk Harbor multisig wallet. However, it received only 14.24% "Yes" votes, with a significant 50.02% "Abstain" vote, and...

TerraClassicUSD (USTC) Achieves Stunning 300% Surge, Eyes $1 Valuation Amid Resilience and Strategic Moves

3Dec

By CryptolifedigitalNo Comments

Terra Classic (LUNC)

TerraClassicUSD (USTC) Achieves Stunning 300% Surge, Eyes $1 Valuation Amid Resilience and Strategic Moves

In a spectacular display of resilience, TerraClassicUSD (USTC), the algorithmic stablecoin of the Terra ecosystem, has experienced an extraordinary surge of over 300% in value over the past period. Starting from a low of just over $0.016, USTC has skyrocketed to an impressive $0.06761, rekindling hopes for the stablecoin to regain its lost USD peg. Read Also: Terra Classic (LUNC) Surges 117% in a Month: Binance Burn Initiatives Propel Growth Driving Forces Behind USTC's Meteoric Rise Two key factors have been identified as the driving forces behind USTC's remarkable surge: Binance Futures Listing: The highly anticipated listing of USTC on Binance Futures played a pivotal role in the surge. The USDⓈ-M USTC Perpetual Contract, going live on November 27 at 12:30 UTC, introduced trad...