Terra Classic burn thresholld Archives

Terra Classic (LUNC) Soars on Upgrade, Burning, and Bullish Sentiment

27Mar

By Adaralegbe Tosin MNo Comments

Terra Classic (LUNC)

Terra Classic (LUNC) Soars on Upgrade, Burning, and Bullish Sentiment

Terra Classic (LUNC) has been on a tear in recent weeks, fueled by a confluence of positive developments within its ecosystem and the broader cryptocurrency market. A key driver of LUNC's surge is the successful rollout of the Terra Classic v2.4.2 upgrade. This upgrade introduced critical new components, most notably IBC-Hooks. These hooks pave the way for decentralized applications (dApps) to seamlessly integrate with the Terra Classic chain. The arrival of prominent dApps, like Enterprise DAO, could significantly boost network activity and user adoption. Read Also: Shiba Inu Echoing 2021? Analyst Predicts Potential Price Surge Development Spree Continues Building on this momentum, the Terra Classic developer team is actively working on the network's Security Package upgrade. Sche...

LUNC Community in Limbo over Job Proposal: Risks, Rewards, and Unanswered Questions

25Jan

By CryptolifedigitalNo Comments

Blockchain

LUNC Community in Limbo over Job Proposal: Risks, Rewards, and Unanswered Questions

The LUNC community is abuzz with the debate surrounding the PPJ (passed in #11889), a proposal aimed at improving how jobs and spending are handled within the ecosystem. While its intent is noble – to address community concerns and establish clearer guidelines – the proposal has sparked controversy due to its potential impact on developers and the overall project. https://twitter.com/ColeStrathclyde/status/1750102357914890722 Read Also: XRP Ecosystem Braces for Game-Changing Shift with XLS-30D AMM Amendment At its core, the PPJ advocates for "payment after approval of completed work through a spending proposal." This simple statement carries significant weight, effectively placing the financial burden on developers until their work is deemed acceptable by the community. While this...

LUNC Community Votes Against 1.5% Burn Tax Proposal, Opting for Status Quo

25Dec

By OLAJIDE SAMUELNo Comments

Blockchain

LUNC Community Votes Against 1.5% Burn Tax Proposal, Opting for Status Quo

In a significant turn of events, the Terra Classic (LUNC) community has officially rejected the proposed implementation of a 1.5% burn tax. The decision comes after an active and engaged voting process within the community, reflecting the decentralized nature of governance in the Terra Classic ecosystem. Read Also: Solana (SOL) Surges Past $100, Claiming 4 Spot by Market Cap: Factors and Future Predictions https://twitter.com/TerraValidators/status/1739165002244719072 The proposal for a 1.5% burn tax has stirred considerable discussion within the LUNC community, sparking debates about its potential impact on the digital asset. The burn tax was envisioned as a mechanism to address circulating supply concerns and enhance the overall tokenomics of LUNC. Community Voting Results Aft...

Terra Classic (LUNC) Faces 20% Price Crash Following Network Upgrade as Founder’s Extradition Looms

12Dec

By CryptolifedigitalNo Comments

Terra Classic (LUNC)

Terra Classic (LUNC) Faces 20% Price Crash Following Network Upgrade as Founder’s Extradition Looms

Terra Classic (LUNC), the native token of the Terra blockchain, is grappling with a 20% price crash after the recently completed v2.3.2 network upgrade. This setback comes just days after the cryptocurrency experienced a parabolic rise, rallying around 200% over the past month. Despite the optimistic surge, the recent price decline has overshadowed the token and related assets, including Terra Classic USD (UST) and Terra (LUNA). Read Also: Crypto Analyst Predicts XRP Surge in 2024 Amid Regulatory Developments Since November 11, LUNC's price soared from $0.00008355 to $0.000249, marking a significant recovery for investors who weathered the catastrophic collapse of the Terra ecosystem in May 2022. Although LUNC is far from its all-time high of $119, set on April 5, 2022, investors are...

Terra Classic (LUNC) Poised for Explosive Growth: ChatGPT Predicts Surges Before Month-End and Year-End

26Nov

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Classic (LUNC) Poised for Explosive Growth: ChatGPT Predicts Surges Before Month-End and Year-End

In the dynamic landscape of the cryptocurrency market, Terra Classic (LUNC) has emerged as a standout player, capturing the attention of investors and enthusiasts alike. Despite a tumultuous past, recent developments and insights from OpenAI's AI-powered Large Language Model (LLM), ChatGPT, suggest that LUNC is on the verge of substantial growth, with potential explosions anticipated both before the end of November 2023 and the conclusion of the year. Read Also: Terraport Finance Announces Exciting $1,500 LUNC Giveaway In a recent conversation with ChatGPT, the language model's analysis revealed an optimistic outlook for LUNC's future price movements. When specifically asked about the possibility of an explosive surge before the end of November, ChatGPT confidently stated, "The price...

Terraport Finance Nears Milestone: Urges Community Support to Reach 15,000 Followers

14Nov

By CryptolifedigitalNo Comments

Terra Classic (LUNC)

Terraport Finance Nears Milestone: Urges Community Support to Reach 15,000 Followers

In an exciting development, Terraport Finance, a prominent player in the cryptocurrency and decentralized finance (DeFi) space, has issued a rallying call to its community. The company took to Twitter to announce that it is just 4,000 followers away from reaching the significant milestone of 15,000 followers. Read Also: Terraport Finance Announces $1,500 $LUNC Giveaway - A Token of Appreciation to its Community https://twitter.com/TerraValidators/status/1724354088580874734 Terraport to hit 15k followers The official tweet from Terraport Finance reads: "We are only 4K followers away from hitting 15K! 🚀 Help us reach this milestone by spreading the word and inviting your friends to join our community. Thank you for your support! #Terraport15K" This call to action reflects Terrapo...

Terra ClassicUSD (USTC) Community Approves Proposal to Halt Minting and Reminting, Aims to Restore Stability and Peg to $1

27Sep

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra ClassicUSD (USTC) Community Approves Proposal to Halt Minting and Reminting, Aims to Restore Stability and Peg to $1

In a significant move to restore stability and re-establish Terra ClassicUSD (USTC) at its intended peg of $1, the Terra Classic community has approved Proposal 11784. This proposal, which had faced previous obstacles due to software upgrades, has gained strong support and mandates the cessation of all minting and reminting of USTC without explicit approval from the Terra Classic community. This decision comes after a tumultuous period that followed the collapse of Terra in May 2022. Read Also: Internet Personality Damien Slash Regrets Selling Shiba Inu (SHIB) Holdings Too Soon, Missing Out on $1 Billion Gain The proposal received overwhelming support from the Terra Classic community, with a resounding 'YES' vote securing 55.32% of the ballots cast. However, it's worth noting that 37...

Terra Classic Community Votes on Proposal for Binance to Burn 50% of USTC Trading Fees

21Sep

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Classic Community Votes on Proposal for Binance to Burn 50% of USTC Trading Fees

The Terra Classic community is currently engaged in a significant decision-making process, voting on a proposal that could have far-reaching implications for the stability of the USTC stablecoin and the Terra Classic blockchain. The proposal, known as Proposal #11785, aims to collaborate with Binance, the world's largest cryptocurrency exchange, to burn 50% of the trading fees generated from USTC trading pairs. USTC is an algorithmic stablecoin that operates on the Terra Classic blockchain. However, it experienced a significant de-pegging event following the Terra collapse in May 2022. To address this issue and restore USTC's value to its peg of $1, the Terra Classic community has been actively pursuing various strategies. Read Also: Tangem and ChangeNOW Announce Strategic Collaborat...

Terra Classic Station’s Proposal #11780 Seeks to Combat Spam with a 5 Million LUNC Minimum Deposit Requirement

12Sep

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Classic Station’s Proposal #11780 Seeks to Combat Spam with a 5 Million LUNC Minimum Deposit Requirement

In response to a growing concern over the increasing volume of spam proposals on the Terra Classic blockchain, the Terra Classic community has put forward a proposal to raise the minimum deposit required for proposal eligibility. The current minimum deposit stands at one million Terra Luna Classic (LUNC), equivalent to approximately $57.23. However, Parameter Change Proposal #11780, now live on Terra Classic Station, suggests a significant increase in this threshold to five million LUNC. Read Also: Shiba Inu (SHIB): A Rollercoaster Ride Towards Millionaire Dreams Overwhelming Support for the Proposal Parameter Change Proposal #11780 has garnered substantial support within the Terra Classic community, with an impressive 93.75% approval rate. Key players in the Terra ecosystem, includi...

Reviving $LUNC: Strategies for a Comeback

7Sep

By CryptolifedigitalNo Comments

Terra Classic (LUNC)

Reviving $LUNC: Strategies for a Comeback

Cryptocurrency markets are known for their volatility, and tokens can experience rapid price fluctuations. One such token facing challenges is $LUNC. Recently, Classycrypto tweeted about its struggles. Let's explore some potential strategies that $LUNC could employ to make a strong comeback. https://twitter.com/ClassyCrypto_/status/1699614943706779796 Clear Roadmap and Vision $LUNC needs a clear and compelling roadmap. Investors want to know where the project is headed and what milestones are on the horizon. A well-defined vision can instil confidence and attract new supporters. Enhanced Marketing and Community Engagement Effective marketing is crucial. Building a strong online presence through social media, community forums, and partnerships can boost visibility. Enga...