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Tag: Terra Classic Layer-1 Task Force

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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Singapore-based Exchange WEEX Joins Forces with Terra Classic Community to Burn LUNC Tokens
9Apr By OLAJIDE SAMUELNo Comments
Terra Classic (LUNC)

Singapore-based Exchange WEEX Joins Forces with Terra Classic Community to Burn LUNC Tokens

Singapore-based cryptocurrency exchange WEEX has unveiled a new initiative designed to support the Terra Classic community and its ongoing LUNC burn program. This move highlights WEEX's commitment to the long-term potential of the Terra Classic ecosystem. Dedicated LUNC Landing Page Launched WEEX announced the launch of a dedicated landing page for LUNC on its website. This page serves as a central hub for all information related to the LUNC burn initiative. It features a list of the program's first ambassadors and a countdown timer for the monthly scheduled LUNC burns, fostering transparency and community engagement. Read Also: Binance Burn Injects Hope, But Will It Be Enough for Terra Classic (LUNC)? https://twitter.com/WEEX_Official/status/1776920302288875576 Collaboration with...
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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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Binance Burns Over 4 Billion LUNC Tokens, Boosting Terra Luna Classic
2Apr By CryptolifedigitalNo Comments
Terra Classic (LUNC)

Binance Burns Over 4 Billion LUNC Tokens, Boosting Terra Luna Classic

In a move hailed by the Terra Luna Classic community, Binance, the world's leading cryptocurrency exchange, executed a significant burn of LUNC tokens on April 1st, 2024. According to LUNC News, the amount burned reached 4.1 billion, pushing the total number of LUNC tokens removed from circulation to over 43 billion. Read Also: XRP Poised for Surge Above $13 on Complex Elliott Wave Pattern, Analyst Claims https://twitter.com/Chot4a/status/1774801984450617554 This burning mechanism aims to reduce the overall supply of LUNC, potentially leading to increased scarcity and a subsequent rise in price. The Terra Luna Classic community has heavily advocated for such measures following the dramatic crash of the original Luna token earlier in 2023. Read Also: Shiba Inu Burn Rate Soars Bu...
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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...
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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 Community Pushes for Revival with Network Upgrade and Token Burn
7Mar By OLAJIDE SAMUELNo Comments
Cryptocurrency

Terra Classic Community Pushes for Revival with Network Upgrade and Token Burn

The Terra Classic community is actively working to revitalize the network and its native tokens, LUNC and USTC. A recent upgrade proposal submitted by developer Till Ziegler outlines significant changes aimed at improving functionality, and security, and potentially boosting token values. Read Also: Terra Classic (LUNC) Emerges as Top Gainer, Highlighting Innovative DeFi Approach Upgrade Proposal Unveils Key Improvements IBC Integration and dApp Expansion: The upgrade introduces IBC-Hooks and Package Forward Middleware, enabling the onboarding of decentralized applications (dApps) that leverage IBC-Hooks, fostering a more diverse ecosystem. Enhanced Testing: An End-to-End (E2E) and Interchain Testing Suite is included, facilitating improved testing efficiency and smoother netwo...
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Terra Classic: Navigating Uncertainty with Glimmer of Hope
21Jan By OLAJIDE SAMUELNo Comments
Terra Classic (LUNC)

Terra Classic: Navigating Uncertainty with Glimmer of Hope

Terra Classic (LUNC) continues to navigate a turbulent landscape, leaving investors and the community grappling with its uncertain future. However, amidst the storm clouds, analysts predict a potential trading range between $0.000102 and $0.000223 for 2024, offering a glimmer of hope for a potential 82% gain. Reaching this upper limit, however, hinges on overcoming significant market obstacles and building sustained positive momentum. Read Also: XRP Eyes $411: Will History Repeat with a Fourth Triangle Breakout? So, where does LUNC stand today? The remnants of the May 2022 crash still linger, casting a shadow of doubt over the token's long-term viability. Yet, amidst the bearish sentiment, several factors offer a flicker of optimism: Ethereum Virtual Machine (EVM) Integration: ...
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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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Analyzing the Potential Price Surge of Terra Classic (LUNC): A Comprehensive Overview
9Dec By OLAJIDE SAMUELNo Comments
Terra Classic (LUNC)

Analyzing the Potential Price Surge of Terra Classic (LUNC): A Comprehensive Overview

In a recent article, we delved into the intricacies of Terra Classic (LUNC) and explored the challenges and opportunities it faces in achieving specific price levels. This analysis primarily revolves around the circulating supply, market capitalization, and the historical context of its predecessor, Terra (LUNA). Circulating Supply and Market Capitalization The article highlights the significant circulation of LUNC, which currently stands at over 5.8 trillion tokens. By comparing this to the historical data of Terra (LUNA) before its collapse in May 2022, the analysis suggests that achieving a price level equivalent to the previous all-time high (ATH) may be challenging due to the substantially increased circulating supply. Read Also: Terra Classic (LUNC) Surges Ahead of Anticipated B...
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