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Tag: Terra Classic Developer

Terra Classic Announces Strategic Plan to Safely Re-enable Market Module and Re-Peg USTC
20Nov By OLAJIDE SAMUELNo Comments
Terra Classic (LUNC)

Terra Classic Announces Strategic Plan to Safely Re-enable Market Module and Re-Peg USTC

In a significant move to revive Terra Classic's market module, the development team has proposed a comprehensive strategy to mitigate risks and maximize rewards. The plan outlines key adjustments to spread fees, burn mechanisms, and virtual liquidity pool parameters, and introduces hard caps on LUNC and USTC max supply. Read Also: TerraCVita Celebrates Positive Step Toward Enhanced On-Chain Development https://twitter.com/frag_dude/status/1726312153643401523 Steps to reset the Market Module The first step involves setting the spread fee at 98%, effectively re-pegging USTC at 2 cents. This approach aims to bring stability to USTC's value, with the flexibility to incrementally re-peg to 3 cents, 4 cents, and beyond by adjusting the spread fee accordingly. To address the risk of un...
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Terraport V2 Relaunch: Certik Completes Final Checks
6Nov By CryptolifedigitalNo Comments
Terra Classic (LUNC)

Terraport V2 Relaunch: Certik Completes Final Checks

Exciting news is on the horizon for all Terraport enthusiasts! The highly anticipated Terra V2 relaunch is just around the corner, and today, Certik has completed its final checks to ensure a secure and successful launch. This marks a significant milestone for the project and its dedicated community. Read Also: Shiba Inu Seeks to Unite Influencers in Bid to Strengthen Community https://twitter.com/Pimentel2030/status/1721489503787897088 Terra V2 relauch on the way Terra V2, the improved version of Terraport, has been a subject of great interest and speculation in the cryptocurrency world. The project has garnered a considerable following, and the upcoming relaunch is expected to bring about several exciting changes and improvements. Certik, a renowned blockchain security and aud...
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Terraform Labs’ CEO Chris Amani Announces Game-Changing Infrastructure Support for Cosmos Ecosystem
3Nov By CryptolifedigitalNo Comments
Terra Classic (LUNC)

Terraform Labs’ CEO Chris Amani Announces Game-Changing Infrastructure Support for Cosmos Ecosystem

In a groundbreaking move, Terraform Labs' newly-appointed CEO, Chris Amani, has unveiled a visionary plan to provide crucial infrastructure support to the Cosmos community. This initiative aims to significantly reduce the infrastructure costs associated with running various chains on the Cosmos network, sparking tremendous excitement within the Cosmos ecosystem. Foundation's Business Model to Support All Cosmos Chains Under this innovative proposal, the Foundation's business model is willing to undertake the responsibility of running the infrastructure for all chains within the Cosmos network. This strategic move seeks to alleviate the massive costs and technical complexities associated with maintaining a robust and efficient infrastructure for Cosmos chains. https://twitter.com/MrDia...
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Terraform Labs Accuses Citadel Securities of Depegging UST Stablecoin in Shocking Turn of Events
14Oct By CryptolifedigitalNo Comments
Terra Classic (LUNC)

Terraform Labs Accuses Citadel Securities of Depegging UST Stablecoin in Shocking Turn of Events

In a stunning and unexpected twist, Terraform Labs has made a startling allegation against Citadel Securities, claiming that the financial giant was responsible for the de-pegging of Terra's UST stablecoin from its dollar-pegged value. This development has sent shockwaves through the cryptocurrency community and has the potential to reshape the landscape of digital assets and the regulatory environment. Read Also: Opportunity for Crypto Community to Invest in Ripple's Pre-IPO Shares Reopens on Linqto Platform Legal Battle Unfolds Terraform Labs has taken its case to the U.S. District Court for the Southern District of Florida, alleging that Citadel Securities executed a carefully orchestrated plan to short-sell UST, leading to its detachment from its USD peg. This motion represents a ...
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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...
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Terra Luna Classic (LUNC) Token Shows Promising Price Breakout Pattern with Potential for a 387% Rally
28Jul By CryptolifedigitalNo Comments
Terra Classic (LUNC)

Terra Luna Classic (LUNC) Token Shows Promising Price Breakout Pattern with Potential for a 387% Rally

The Terra Luna Classic (LUNC) token has recently exhibited a promising price breakout pattern, sparking hopes of a potential rally in its value. This excitement is further fueled by the Joint L1 Task Force's proposal to create a community-owned wallet, coinciding with the token's recent weekly high. While there has been a subsequent decline, crypto analysts remain optimistic about a possible recovery. With developers actively working on significant improvements to the Terra Classic network, the LUNC community could witness substantial price movement. Crypto Analyst Mark Predicts 387% Rally for Terra LUNA Classic Crypto analyst Javon Marks highlights the current price breakout in the LUNC token, suggesting potential positive price action. According to Marks' analysis of the token's long-t...
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Prominent Developer Alleges Market Manipulation in Terra Classic (LUNC) – Community in Turmoil
26Jul By Tolulope ZaccheausNo Comments
Terra Classic (LUNC)

Prominent Developer Alleges Market Manipulation in Terra Classic (LUNC) – Community in Turmoil

In a shocking turn of events, prominent Terra Classic (LUNC) community member and former Layer-1 Task Force developer, Tobias "Zaradar" Andersen, has made serious allegations regarding the LUNC market, stirring heated debates within the community. https://twitter.com/ZaradarBH/status/1683451745370796032 Zaradar's Bold Allegations against Terra classic (LUNC) Zaradar made bold claims that the LUNC market is being manipulated by a single actor, potentially with the assistance of major cryptocurrency exchanges, including KuCoin and Binance. He raised concerns that the market might be intentionally rigged and questioned whether the value of LUNC could eventually plummet to zero. While some members of the LUNC community challenged Zaradar's claims, the developer firmly stood his ground, em...
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Terra Classic Community Divided Over Proposal To Appoint Binance CEO CZ As Ecosystem Leader
4Jul By OLAJIDE SAMUELNo Comments
Terra Classic (LUNC)

Terra Classic Community Divided Over Proposal To Appoint Binance CEO CZ As Ecosystem Leader

In a surprising turn of events, the Terra Classic (LUNC) community finds itself embroiled in a heated debate over the potential appointment of Changpeng "CZ" Zhao, the CEO of Binance, as the Ecosystem Leader for the project. Proposal 11614, submitted on June 29, aims to address persistent internal conflicts within Terra Classic and expedite the process of revitalizing the ecosystem. However, this proposal has generated both support and opposition within the community. Read Also: Binance Announces PENDLE As The 35th Project On Its Launchpool Platform Terra Classic Proposes To Make Changpeng Zhao, the CEO of Binance, the Ecosystem Leader The proposal highlights several concerns plaguing Terra Classic, including disagreements among community members, conflicts of interest among validator...
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Efforts to Repeg $USTC to $1 Pose Significant Challenges Amidst Community Tensions, Coordination Questions Arise
28Jun By OLAJIDE SAMUELNo Comments
Terra Classic (LUNC)

Efforts to Repeg $USTC to $1 Pose Significant Challenges Amidst Community Tensions, Coordination Questions Arise

In a recent tweet by Will Chen, a prominent Twitter handler, concerns were raised about the feasibility of repegging the UST Coin ($USTC) to a value of $1. While acknowledging the possibility of such a feat, Chen expressed doubts regarding the coordination and risk-taking required to achieve this goal and address existing community tensions. As discussions surrounding the potential revaluation of $USTC gain momentum, experts weigh in on the complexities involved. Read Also: XRP Faces Potential Breakout as Ascending Triangle Reaches Critical Stage https://twitter.com/stablechen/status/1673831260328984579 Repeg $USTC to $1 $USTC, a digital stablecoin, has been designed to maintain a value pegged to the United States dollar (USD) to provide stability in the cryptocurrency market. Howe...
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Former Terra Classic (LUNC) Developer Zaradar Mocks Price Logic, Ignites Fuss in Community
24Jun By OLAJIDE SAMUELNo Comments
Terra Classic (LUNC)

Former Terra Classic (LUNC) Developer Zaradar Mocks Price Logic, Ignites Fuss in Community

In a recent turn of events, Tobias Andersen, also known as Zaradar, a former core developer of Terra Classic (LUNC), has sparked controversy within the LUNC community by ridiculing the cryptocurrency's price logic in relation to Bitcoin (BTC). Zaradar's remarks in a tweet highlighted what he perceived as a significant discrepancy between Bitcoin's price movements and those of LUNC, sarcastically dubbing it "Lunatic logic." Zaradar Mocks The LUNC's Price Logic Zaradar drew attention to the fact that when Bitcoin experiences a 2% drop in value, LUNC tends to plummet by 10% or more. Conversely, when Bitcoin surges by 25%, LUNC fails to reflect any substantial gains. Accompanying his tweet was a mocking GIF featuring a panda, which further emphasized the humorous tone of his message. The twe...
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