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Tag: Terra Classic’s (LUNC) burn campaign

Terra Classic (LUNC) Witnesses Soaring Prices: Unraveling the Surge and Future Prospects
30Nov By CryptolifedigitalNo Comments
Terra Classic (LUNC)

Terra Classic (LUNC) Witnesses Soaring Prices: Unraveling the Surge and Future Prospects

In a month-long rally, Terra Classic (LUNC) has seen an impressive surge, capturing the attention of the crypto community. The token's current price stands at $0.0001203, marking a substantial 25.16% increase in the last 24 hours. With a market capitalization of over $698.4 million, LUNC is breaking records and reshaping its trajectory. Throughout November, LUNC's price has experienced an 85% surge, transitioning from $0.00006517 to its current valuation, shedding one of its zeros. This remarkable climb is attributed to several positive announcements and strategic moves by Terra Labs, igniting curiosity about the future of LUNC and its twin token, USTC. Terra Classic in Brief: The Terra Luna ecosystem faced a significant setback last year when founder Do Kwon decided to hard fork the...
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Terraport Finance Announces $100,000 USTC Giveaway in Social Media Blitz
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…)
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Terra Classic Shows Signs of Recovery as Transactions and Staking Ratios Reach All-Time Highs
24Nov By OLAJIDE SAMUELNo Comments
Terra Classic (LUNC)

Terra Classic Shows Signs of Recovery as Transactions and Staking Ratios Reach All-Time Highs

In a surprising turn of events, Terra Classic, the blockchain that emerged from the ashes of Terra's multi-billion-dollar collapse in 2022, is making significant strides towards recovery. Recent updates from the Terra Classic Foundation reveal that the network has experienced a remarkable surge in user transactions and an upward trend in the staking ratio, indicating renewed confidence in the project. Terra Classic recently hit a new milestone with a record-breaking 589,000 transactions On November 22, Terra Classic hit a new milestone with a record-breaking 589,000 transactions in a single day, a substantial increase from the previous month's average of 300,000 transactions. This surge in network activity suggests a growing user engagement and interest in Terra Classic's ecosystem. R...
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DFLunc’s Unprecedented LUNC Burns Surpass 4 Billion Units, Setting the Standard for Terra Classic Validators
23Nov By Raliat IdrisNo Comments
Terra Classic (LUNC)

DFLunc’s Unprecedented LUNC Burns Surpass 4 Billion Units, Setting the Standard for Terra Classic Validators

In a groundbreaking development for the Terra Classic community, DFLunc's LUNC burning protocol, also known as FLunc Protocol, has achieved an extraordinary milestone by surpassing the 4 billion units mark, with a total burn of 4,079,374,478 LUNC. This remarkable accomplishment underscores the commitment of DFLunc to the Terra Classic ecosystem and its ongoing efforts to contribute to the platform's growth. Read Also: Crypto Market Buzz: Unsubstantiated Rumors Stir Excitement Amidst BlackRock and JPMorgan Speculation, XRP Community Urged to Exercise Caution https://twitter.com/TerraNewsEN/status/1727628748747337988 DFLunc Validator's Consistent Daily Burn: A Remarkable Average of 5 Million LUNC The success of DFLunc's LUNC burning protocol is further highlighted by the validator's ...
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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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Terra Luna Classic Community Celebrates Landmark: Proposal 11710 Approved for Burning 800 Million USTC Tokens
24Aug By OLAJIDE SAMUELNo Comments
Terra Classic (LUNC)

Terra Luna Classic Community Celebrates Landmark: Proposal 11710 Approved for Burning 800 Million USTC Tokens

In a resounding display of unity and conviction, the Terra Luna Classic community has achieved a pivotal milestone by passing Proposal 11710, signalling the official approval for the direct burning of a staggering 800 million USTC tokens. The proposal, spearheaded by Vegas and propelled by strong community support, carries profound implications for the Terra Luna Classic ecosystem. Amid recent market fluctuations that briefly dampened both LUNC and USTC prices with a roughly 10% decline, the resounding approval of Proposal 11710 has ushered in an immediate resurgence in their values. This accomplishment underscores the community's collective determination to shape the trajectory of their token's value and ecosystem. Read Also: ICRYPEX Expands Crypto Offering with 10 New Listings, Inc...
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Terra Classic Community Passes Crucial Proposals to Address USTC Stability
9Aug By OLAJIDE SAMUEL1 Comment
Terra Classic (LUNC)

Terra Classic Community Passes Crucial Proposals to Address USTC Stability

In a significant stride towards stabilizing the TerraClassicUSD (USTC) stablecoin, the Terra Classic (LUNC) community has successfully passed two pivotal proposals. These initiatives are aimed at restoring equilibrium to the USTC stablecoin by addressing the extensive supply and facilitating a gradual re-pegging process. 1st Proposal The first proposal, known as "Proposal 11658," was submitted by a prominent LUNC community member named Vegas on July 30. This proposal advocated for the return of a substantial amount of USTC, totalling 800 million, to the Terra Classic community pool. The funds in question were originally allocated for the underwriting capacity of the Ozone Protocol back in March. However, due to deviations from the proposed development plan, these funds were not fully uti...
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Terra Classic’s (LUNC) Burn Campaign Surges as DFLunc Protocol Incinerates Over 628 Million Tokens
13Jun By CryptolifedigitalNo Comments
Terra Classic (LUNC)

Terra Classic’s (LUNC) Burn Campaign Surges as DFLunc Protocol Incinerates Over 628 Million Tokens

In a surprising turn of events, Terra Classic's (LUNC) burn campaign has received a significant boost from an unexpected source. DFLunc Protocol, a newly introduced project and ecosystem validator within the Terra Classic community, has set ablaze over 628 million LUNC tokens, leaving the community astounded. DFLunc Burns Influences Terra Classic's (LUNC) Burn Campaign What makes this development even more remarkable is the sustained rate at which DFLunc has been burning tokens. Daily data analysis indicates that tens of millions of LUNC tokens are being incinerated consistently. This consistent burn rate has played a crucial role in surpassing the massive burn threshold in less than six weeks. Read Also: Terra Classic (LUNC) Surpasses One Trillion Tokens Staked, Marking an Incredible...
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