Terra Agora Archives - Page 5 of 5

Terra Blockchain Successfully Upgrades to v.2.4 Pushing for LUNA Adoption

19Jul

By OLAJIDE SAMUELNo Comments

Blockchain

Terra Blockchain Successfully Upgrades to v.2.4 Pushing for LUNA Adoption

Earlier today, the Terra blockchain underwent a strategic upgrade at block height 5994365, signalling the network's transition to version 2.4. This upgrade aims to introduce several new features and improvements to the chain while also encouraging the widespread adoption of its native token, LUNA. To ensure the successful implementation of this consensus-breaking change, the Terra mainnet, also known as Phoenix-1, was taken offline at approximately 13:00 (UTC) on the same day, temporarily halting block production. Read Also: Bitrue Witnesses Surge in XRP Futures Holdings Following Ripple vs. SEC Ruling Terra Team to upgrade Terra Blockchain on July 17 This scheduled Terra network downtime was announced by the Terra team on July 17, allowing users and validators ample time to prepar...

Terra Classic Community Makes Strides Towards USTC Revitalization, Forms Partnership with Binance

13Jul

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Classic Community Makes Strides Towards USTC Revitalization, Forms Partnership with Binance

The Terra Classic community is buzzing with renewed hope as efforts to revitalize the collapsed ecosystem algorithmic stablecoin, TerraClassicUSD (USTC), gain momentum. In a recent development, renowned community member Redline Drifter revealed that the Quant Team focused on USTC repegging has established a connection with Binance, the world's largest crypto exchange. USTC To $1 With The Help Of Binance A direct line of communication has been opened between Binance and the USTC Quant Team, marking a significant step forward in resolving Binance's concerns regarding the proposed divergence tax protocol. The community is pushing to achieve parity for USTC with $1, and this strategic communication channel aims to address any infrastructure issues and explore alternative applications of the ...

Terra Classic Validator Launches Ambitious LUNC Burning Initiative to Propel Token Price to $1

10Jul

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Classic Validator Launches Ambitious LUNC Burning Initiative to Propel Token Price to $1

To reignite the LUNC burn expedition and elevate the crypto asset's value to $1, popular Terra Classic validator, Classy's Sphere has announced a groundbreaking initiative. The 23rd-largest validator on the network plans to burn millions of LUNC tokens by incinerating 100% of the tokens earned from running their node until the end of 2023. This move is expected to generate significant interest and support from the LUNC community and potentially attract other validators to join the cause. Read Also: New York Fed's Digital Dollar Test Reveals Potential Role for XRP and Wholesale Payments Improvement Classy, an influential figure in the crypto space and the operator of Classy's Sphere, emphasized the importance of substantial LUNC burns as a critical strategy to boost the price of the o...

Terra Classic (LUNC) Community Member Raises Concerns Over Terraport Finance Saga

5Jul

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Classic (LUNC) Community Member Raises Concerns Over Terraport Finance Saga

In the ongoing Terraport Finance saga, reXx, an active member of the Terra Classic (LUNC) community, has brought forth another shocking development that has left the community in disbelief. With the disappearance of an additional 590 million LUNC tokens from the stolen funds in the Terraport exploit, reXx expressed concerns about the team's ability to effectively address the issues at hand. Read Also: XRP Burn Rate Skyrockets, Crypto Analyst Predicts $100 per XRP https://twitter.com/CosmoSreXx/status/1676468967303532545 Taking to Twitter, reXx highlighted the recent loss of funds, which were withdrawn four days ago while they were on vacation. This raised questions about whether the Terraport team has taken appropriate action to rectify the situation. The LUNC community member als...

Former Terra Classic Developer, Zaradar, Expresses Willingness to Assist L1JTF Despite Controversial Departure

29Jun

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Former Terra Classic Developer, Zaradar, Expresses Willingness to Assist L1JTF Despite Controversial Departure

In a recent conversation within the Terra Classic (LUNC) community, Tobias "Zaradar" Andersen, the former L1 Team developer, surprised many by expressing his willingness to lend a helping hand to the L1JTF (L1JTF - Terra Classic's development team) if the need arises. Despite his controversial departure from the team in April, Zaradar revealed that he maintains regular communication with key figures on the team, offering support and sharing his expertise. Read Also: Addressing the Key Priorities for LunaClassic: Trust Or APY. What Do You Think Is the Issue? https://twitter.com/ZaradarBH/status/1674053961182072837 Former Terra Classic Developer, Zaradar To Aid L1JTF The disclosure came in response to Redline Drifter's suggestion on the appropriate approach for a TerraClassicUSD (UST...

Terraswap Completes Migration of Contracts on TerraClassic and Implements Feature Updates

20Jun

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terraswap Completes Migration of Contracts on TerraClassic and Implements Feature Updates

Terraswap, the decentralized exchange protocol on the Terra blockchain, has announced the successful completion of the migration process for its contracts on Terra Classic. In addition to the migration, Terraswap has implemented feature updates based on the findings of its recent audit report, further enhancing the platform's functionality and security. Significances In The Migration Of Terraswap The announcement was made through a tweet by Terraswap, highlighting the significant milestone achieved in the project's development. The completion of the contract migration on Terra Classic signifies Terraswap's commitment to supporting multiple chains within the Terra ecosystem, allowing users to access the decentralized exchange seamlessly across different Terra networks. Read Also: Binan...

Terraform Labs Introduces Terra Expedition To Strengthen And Expand Terra Ecosystem

18Oct

By CryptolifedigitalNo Comments

Blockchain

Terraform Labs Introduces Terra Expedition To Strengthen And Expand Terra Ecosystem

It seems that Terraform Labs is interested in the ongoing revitalization project of the LUNC token, the team recently launched a proposal named Terra Expedition an ecosystem expansion program, which was created in a bid to strengthen and expand the Terra ecosystem through several initiatives. Terraform Labs Launches Terra Expedition This new development was unveiled on the Terra Agora. It is worth noting that this program is expected to run for four years, and will focus on incentivizing developers to build decentralized applications (dApps) on the Terra Classic network, deepening liquidity, and onboarding new users to the Terra ecosystem. Read Also: The First Stage Of EVM-Compatible XRP Ledger Goes Live According to the team; “The Terra Expedition is a revised iteratio...