Terra Calssic Re-Peg Archives - Page 8 of 8

Terra Classic Community Proposes Burning 899 Million LUNC Tokens to Restore Trust with Binance

27Jun

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Classic Community Proposes Burning 899 Million LUNC Tokens to Restore Trust with Binance

In a bid to restore trust and strengthen their partnership with Binance, the Terra Classic community has put forward Proposal 11582, which aims to incinerate over 899 million LUNC tokens. These tokens, previously burned by Binance, were reminted by the community through past proposals to increase the community pool funds. The contentious issue of reminting tokens without third-party approval led to a suspension of burns by Binance last December. The exchange agreed to resume burns only after the community eliminated the reminting mechanism. However, the reminted tokens were not included in the burning process. Community member Powski has submitted the new proposal, advocating for the burning of the reminted LUNC tokens as a gesture of goodwill towards Binance and other stakeholders. ...

USTC Quant Team Proposal 11597 Takes Center Stage for Decentralized Money

26Jun

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

USTC Quant Team Proposal 11597 Takes Center Stage for Decentralized Money

In a bid to embrace the principles of decentralization and democratize the financial system, the USTC Quant Team has presented their groundbreaking proposal, known as 11597. To allow individuals to have a say in shaping the future of money, this proposal is now up for a vote, urging all stakeholders to make their voices heard. Proposal 11597 Aims to address the centralized nature of traditional monetary systems. Tweeted by RedlineDrifter, a prominent advocate for decentralized technologies, the proposal seeks to address the centralized nature of traditional monetary systems and bring about a more inclusive and transparent financial landscape. Read Also: XRP Forensics Uncovers The Hacker's Route That Recently Laundered XRP Ledger (XRPL). Here's How https://twitter.com/RedlineDrifte...

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...

Terra Rebel Says There Is No Agreement Between LUNC And The SuperLitho: Detail

7Oct

By OLAJIDE SAMUELNo Comments

Cryptocurrency

Terra Rebel Says There Is No Agreement Between LUNC And The SuperLitho: Detail

Following the recent announcement of Kaj Labs saying it will soon burn a total of 2.5T LUNC tokens in support of the ongoing tax burn proposal, reXx of the Terra Rebel has taken time to clarify the statement saying that despite the continuous mentions by Kaj Labs in the press releases for their play-to-earn (P2E) game, there is no agreement between the group and the company, SuperLitho. Per reXx, there is no aorta of an agreement between LUNC and the SuperLitho. Read Also: Huobi Exchange Transfers Over 1.72 Trillion SHIB To Unknown Wallet, Whales' Interest In Shiba Inu Increases https://twitter.com/reXxTerraRebels/status/1578077177110732803 Commenting on this, Terra Rebel says; “LUNC community. I’m not sure why @SuperLitho @KaJLabs decided to throw Terra Rebels name into th...