Terra Classic Re-Peg Proposal Archives

Terra Classic Community Rejects Gas Fee Hike, LUNC Price Takes a Hit

25Apr

By CryptolifedigitalNo Comments

Blockchain

Terra Classic Community Rejects Gas Fee Hike, LUNC Price Takes a Hit

The Terra Classic (LUNC) community has resoundingly rejected a proposal (Prop #12095) that aimed for a tenfold increase in gas fees. While initial support existed, the proposal ultimately fell due to concerns over its negative impact on the ecosystem. This shift in sentiment has also affected the price of LUNC, the native token of Terra Classic. Read Also: Robinhood Opens Up Shiba Inu, Avalanche, and Compound Trading for New York Residents https://twitter.com/LUNA_CLassic_/status/1783087481946357937?t=rDuOyGlsz_UEPOshXptGwA&s=19 Steep Gas Fee Hike Opposed The proposed gas fee hike aimed to revitalize the Terra Classic ecosystem. However, the community voiced strong opposition through various channels, including a post from the LUNC community channel. Key concerns included: R...

Terra Luna Classic (LUNC) Faces Setback as Ethereum Virtual Machine (EVM) Integration Proposal Gets Rejected, Leaving Community in Anticipation

18Jan

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Luna Classic (LUNC) Faces Setback as Ethereum Virtual Machine (EVM) Integration Proposal Gets Rejected, Leaving Community in Anticipation

In a surprising turn of events for the Terra Luna Classic (LUNC) community, the much-anticipated Ethereum Virtual Machine (EVM) integration proposal, titled Proposal #11978, has been met with rejection, sending shockwaves through the ecosystem. The proposal, titled “(Signal Prop) Investigate EVM functionality,” had been generating optimism within the community, with many expecting its passage to mark a significant milestone for Terra Classic. Integration of EVM Read Also: Ripple vs. SEC: Battle Lines Drawn as Crypto Community Reacts to Latest Hearing The Terra Classic community had been gearing up for the integration of the Ethereum Virtual Machine, which has been a cornerstone of blockchain development since 2013, boasting over 910 separate chains under its umbrella. The community en...

Shiba Inu’s Surge: Shibarium’s Token Burn Sparks 20% December Gain, New Investors Flock In

11Dec

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Shiba Inu’s Surge: Shibarium’s Token Burn Sparks 20% December Gain, New Investors Flock In

In a surprising turn of events, Shiba Inu (SHIB), a prominent player in the meme coin market, has witnessed a substantial surge in its price, breaching the crucial $0.00001 mark and recording a remarkable December gain exceeding 20%. This unexpected momentum is largely attributed to significant developments within the Shibarium Layer-2 network, particularly the initiation of a token burn mechanism. Shibarium's Token Burn Network The Shibarium Layer-2 network, designed to enhance transaction speeds and scalability, has recently unveiled plans for a token burn initiative. This move involves the destruction of 70% of base fees generated from transactions, a strategy aimed at increasing the scarcity of SHIB tokens. The announcement has not only fueled optimism among existing investors but ha...

Unravelling the Mystery Behind USTC’s Meteoric Rise: DK’s Masterful Trading Strategy Revealed

27Nov

By CryptolifedigitalNo Comments

Terra Classic (LUNC)

Unravelling the Mystery Behind USTC’s Meteoric Rise: DK’s Masterful Trading Strategy Revealed

In a surprising turn of events, the cryptocurrency market has witnessed an unprecedented surge in USTC's value, leaving investors and analysts scrambling for an explanation. As social media buzzes with speculations, one theory gaining traction points to a meticulously orchestrated strategy by a trader known as DK. Read Also: Announcement of 99.9% LUNC Token Burn Plan Sends Shockwaves Through Crypto Community Here's why LUNC And USTC Are Having A Bull Run https://twitter.com/0xNinjaCat/status/1728887023706980772 USTC recently broke free from a 72-week downtrend, erupting from a falling wedge pattern with remarkable force. The built-up pressure within this pattern, coupled with mass forced and voluntary liquidations of short positions, has propelled USTC's price to new heights. Simil...

27Nov

By Daniel AbangNo Comments

Blockchain

Terraport Finance Announces $100,000 USTC Giveaway in Social Media Blitz

In a surprising move, Terraport Finance, a prominent player in the blockchain and decentralized finance (DeFi) space, has declared a massive $100,000 giveaway in the form of their native stablecoin, $USTC. The giveaway is set to take place over the next 48 hours and is aimed at rewarding their loyal community members. The announcement was made via the company's official Twitter account, where followers were instructed to participate by simply liking, retweeting, and ensuring they were following Terraport Finance. The move is not only an innovative marketing strategy but also an attempt to further engage and expand the project's community. (more…)

Terra Classic Community Calls on Amazon to Embrace LUNC, Terraport Finance Urges Support

21Nov

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Classic Community Calls on Amazon to Embrace LUNC, Terraport Finance Urges Support

In a recent development, the Terra Classic community has made a bold move by reaching out to retail giant Amazon, urging them to adopt LUNC (Lunar Coin) as a form of payment. Terraport Finance, a prominent player in the Terra ecosystem, took to social media to spearhead this initiative and garner support from the community. Read Also: Argentina's Pro-Bitcoin Shift Sparks Optimism for XRP Adoption in Economic Overhaul https://twitter.com/TerraValidators/status/1726613359083282657 The Call to Action Terraport Finance, through an official tweet, has passionately called on the Terra Classic community to rally behind the movement by typing 'Yes' if they are in favour of this new development. The push for Amazon to accept LUNC highlights the community's desire for broader adoption and in...

Terra Luna’s Classic DynComm Module Sparks Price Surge as L1 Team Approves Dynamic Validator Commissions

3Nov

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Luna’s Classic DynComm Module Sparks Price Surge as L1 Team Approves Dynamic Validator Commissions

In a momentous development for the Terra Luna blockchain, the L1 team has officially approved the Classic DynComm module, a groundbreaking addition that promises to revolutionize the dynamics of validator commissions. As a direct result of this announcement, the market has witnessed a substantial price surge, as investors and blockchain enthusiasts alike express their excitement and anticipation. Read Also: Terraform Labs Founder Do Kwon Released from Detention; Terra Luna Classic (LUNC) Price Surge Anticipated https://twitter.com/terra_army/status/1720143395933532495 Dynamic Validator Commissions The Classic DynComm module introduces a dynamic framework for setting validator commissions within the Terra Luna ecosystem. Traditional blockchain networks usually employ static commissi...

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...

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...

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...