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Tag: Terra Agora

Terra Luna Classic Eyes Dedicated Dev Team, Community Decides Roles
12Apr By OLAJIDE SAMUELNo Comments
Terra Classic (LUNC)

Terra Luna Classic Eyes Dedicated Dev Team, Community Decides Roles

The Terra Luna Classic (LUNC) community is voting on a proposal to establish a core team responsible for the blockchain's development. This follows the disbandment of the Joint L1 Task Force (JL1TF) earlier this year. Proposal: Establish a Terra Classic Team The proposal, titled "Establish a Terra Classic Team" (Proposal 12093), seeks community approval for a permanent team funded from the community pool. Similar to Terraform Labs for Terra (LUNA), this team would focus solely on the Terra Classic blockchain. Read Also: Solana Outage Raises Concerns About Network Scalability Details regarding specific roles, salaries, and team size are to be determined in a follow-up proposal contingent on the current one's success. The Terra Luna Classic community and validators will discuss and f...
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From Boom to Bust: A Timeline of the Terra-LUNA Crash and SEC Investigations
10Apr By Kayode Oke MichaelNo Comments
Blockchain

From Boom to Bust: A Timeline of the Terra-LUNA Crash and SEC Investigations

In 2024, cryptocurrencies are again experiencing a bull run, and the Crypto Winter is no longer fresh in everyone's memory except for those who lost a significant amount in 2022. Three Arrows Capital and Coinbase Ventures still remember. Lightspeed Ventures Partners and Galaxy Digital also remember, particularly Galaxy's CEO, Mike Novogratz, who got a LUNA tattoo as a reminder to remain humble when investing. Looking back at the Terra-LUNA crash is essential because it's still unclear who caused it. Read Also: Singapore-based Exchange WEEX Joins Forces with Terra Classic Community to Burn LUNC Tokens In May 2022, the crypto market lost $60 billion due to the failure of TerraUSD, an algorithmic stablecoin, and LUNA, another cryptocurrency. Both were created by Terraform Labs (TFL) ...
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Binance Burn Injects Hope, But Will It Be Enough for Terra Classic (LUNC)?
8Apr By OLAJIDE SAMUELNo Comments
Terra Classic (LUNC)

Binance Burn Injects Hope, But Will It Be Enough for Terra Classic (LUNC)?

Terra Classic (LUNC) took a tentative step towards recovery on April 1st as Binance, a major cryptocurrency exchange, delivered on its promise to burn a portion of its LUNC trading fees. According to Terra Finder, Binance incinerated 4,175,855,418 LUNC, valued at over $585,000 at current prices. Read Also: Shiba Inu Poised for Breakout, Analysts Eye New Yearly Highs This burn represents half of the fees Binance collected on LUNC trades throughout March. The exchange's commitment involves burning 50% of its LUNC trading fees every month, aiming to bolster the ongoing burn mechanism – a core element of the Terra Classic revival plan. Fire and Ice: Understanding the LUNC Burn The Terra Classic burn mechanism emerged from the ashes of the Terra ecosystem's collapse in May 2022. Its obj...
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Terra Classic (LUNC) Price Prediction: Potential Surge After Bitcoin Halving?
6Apr By OLAJIDE SAMUELNo Comments
Terra Classic (LUNC)

Terra Classic (LUNC) Price Prediction: Potential Surge After Bitcoin Halving?

The cryptocurrency market is buzzing with speculation about Terra Classic (LUNC), the token remaining after the collapse of Terra (LUNA). Upcoming events like the Bitcoin halving and developments within the LUNC ecosystem are fueling discussions about its future price trajectory. Bitcoin Halving's Potential Impact The Bitcoin halving, a pre-programmed event roughly every four years, cuts Bitcoin miner rewards in half, restricting the supply of new Bitcoin entering circulation. Historically, these halvings have positively affected Bitcoin's price, potentially causing a ripple effect across the altcoin market, including LUNC. Read Also: Uphold Unveils New Crypto Basket Focused on Focusing on XRP and other Financial-related tokens Gemini's AI Model Prediction Google's advanced AI model...
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Terra Classic (LUNC) and USTC Surge on News of Do Kwon’s Release
25Mar By OLAJIDE SAMUELNo Comments
Blockchain

Terra Classic (LUNC) and USTC Surge on News of Do Kwon’s Release

The Terra Classic (LUNC) and USTC ecosystems witnessed a significant price increase following the news of Do Kwon's release from Montenegrin custody. While Do Kwon and Terraform Labs severed ties with Terra Classic, the news sparked a surge in buying activity, leading to notable token gains. Read Also: Unleash Your Creativity & Boost Income with the Resellable Mega Digital Product Bundle! Market Reaction to Do Kwon's Release LUNC Up 20%: CoinMarketCap data shows LUNC experienced a substantial 20% price increase. While profit-taking has moderated the initial spike, LUNC currently trades at $0.000155. Trading Volume Soars: LUNC's trading volume also saw a dramatic 200% increase, settling at a still-impressive 53% gain over the last 24 hours. USTC Climbs: USTC mirrored the ...
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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...
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Terra Classic (LUNC) Shows Resilience with Surge in Holders, Price Uptick
22Mar By OLAJIDE SAMUELNo Comments
Terra Classic (LUNC)

Terra Classic (LUNC) Shows Resilience with Surge in Holders, Price Uptick

The Terra Classic (LUNC) ecosystem is experiencing a resurgence of interest, with the number of wallets holding LUNC and USTC surpassing a significant milestone of 5.5 million, as reported by Cosmos blockchain explorer, ATOMScan. This number even outpaces established cryptocurrencies like Cardano and Shiba Inu. This surge in holders highlights the unwavering commitment of the Terra Classic community despite the project's collapse in May 2022. The community appears dedicated to its revival. Read Also: XRP Ledger Gears Up for AMM Launch, Anticipation Builds in Crypto Community Exchange Support Fuels Growth: Support from major cryptocurrency exchanges, particularly Binance, is a key driver behind the rising number of LUNC and USTC holders. Binance's ongoing LUNC burn campaign, where ...
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Terra Classic (LUNC) Emerges as Top Gainer, Highlighting Innovative DeFi Approach
7Mar By CryptolifedigitalNo Comments
Cryptocurrency

Terra Classic (LUNC) Emerges as Top Gainer, Highlighting Innovative DeFi Approach

Terra Classic (LUNC) has surged as the leading gainer in today's dynamic crypto market, showcasing a remarkable 64.90% increase in the last 24 hours. This significant rise comes amidst a broader market that witnessed Bitcoin maintaining its dominance and overall trading activity reaching $892.69 billion. Read Also: Shibarium Records Yet Another Remarkable Milestone Terra Classic, LUNC's Unique Features Attract Attention Proof-of-Stake Mechanism: LUNC empowers users to actively participate in network governance through its Proof-of-Stake (PoS) mechanism. Validators, chosen based on their LUNC holdings, secure the network, while delegators contribute to its stability by entrusting their tokens to validators. Innovative Stablecoin Minting: Minting stablecoins on Terra Classic ...
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Terra Luna Classic (LUNC) Faces Setback as Ethereum Virtual Machine (EVM) Integration Proposal Gets Rejected, Leaving Community in Anticipation
18Jan By OLAJIDE SAMUELNo Comments
Terra Classic (LUNC)

Terra Luna Classic (LUNC) Faces Setback as Ethereum Virtual Machine (EVM) Integration Proposal Gets Rejected, Leaving Community in Anticipation

In a surprising turn of events for the Terra Luna Classic (LUNC) community, the much-anticipated Ethereum Virtual Machine (EVM) integration proposal, titled Proposal #11978, has been met with rejection, sending shockwaves through the ecosystem. The proposal, titled “(Signal Prop) Investigate EVM functionality,” had been generating optimism within the community, with many expecting its passage to mark a significant milestone for Terra Classic. Integration of EVM Read Also: Ripple vs. SEC: Battle Lines Drawn as Crypto Community Reacts to Latest Hearing The Terra Classic community had been gearing up for the integration of the Ethereum Virtual Machine, which has been a cornerstone of blockchain development since 2013, boasting over 910 separate chains under its umbrella. The community en...
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Crypto Oracles Gaze into LUNC’s Future: ChatGPT & Bard Predict Possible Price Trajectories
15Jan By CryptolifedigitalNo Comments
Terra Classic (LUNC)

Crypto Oracles Gaze into LUNC’s Future: ChatGPT & Bard Predict Possible Price Trajectories

In the ever-churning waters of the cryptosphere, where fortunes fluctuate and futures hold secrets, Terra Classic (LUNC) remains a coin captivating attention. With both ChatGPT and Bard, two prominent AI models, offering glimpses into its potential price journey, LUNC holders and curious onlookers alike are buzzing with anticipation. Currently, LUNC trades at roughly $0.00012, holding the 97th spot in the crypto rankings. But will its trajectory ascend, stagnate, or plummet? Read Also: Ripple Could Face Billions in Fines: Shocking Scenario Revealed by Analyst ChatGPT's Vision ChatGPT paints three distinct scenarios, each with its price predictions: Conservative Trajectory: A slow and steady climb driven by LUNC's gradual adoption as a payment method and DeFi platform. Price ra...
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