Tuesday, February 7

Tag: Terra NEWS

Terra Rebel Rewards Lottery Game Winner With 24 Million LUNC, 10.5 million Is Burned
Blockchain

Terra Rebel Rewards Lottery Game Winner With 24 Million LUNC, 10.5 million Is Burned

Terra Rebel unveiled the first rounds of its lottery game rewards winner with a total of 24 million LUNC as the game came to its end while the 10.5 million of this total were set on fire. Recall that Terra Rebel tweeted that it had recently launched a lottery game on the LUNC network. According to the record, the application is the first of its kind on the network that is being launched by the team. Read Also: Whales Move Over 187 Million XRP, Ripple Transfer 100,000,000 XRP Tokens The users are invited to look up the DApps on Terra Rebel’s website to participate, in the process, they will be asked to connect their Terra Luna Classic (LUNC) wallet.  As gotten from the detail shared on Twitter, one lottery ticket costs only 5000 LUNC (approximately $1.25 at current rates). Nota...
Do Kwon Now Set To Talk On Why He Refuses To Return To South Korea As Laura Interviews Him On Friday
Blockchain

Do Kwon Now Set To Talk On Why He Refuses To Return To South Korea As Laura Interviews Him On Friday

In a recent tweet shared by Laura Shin, a crypto-journalist said that her interview with Terra founder Do Kwon would happen on Friday morning. Do Kwon Is Set To Talk On Friday Morning In this regard she asked for questions from various users across the globe probably she may tender it before the Terra founder and the discussion might start from there. https://twitter.com/laurashin/status/1580350323863867393 It was reported initially that the Terraform Labs CEO, Do Kwon agreed to meet with Shin on her podcast to disclose why he has failed to return to South Korea. Read Also: XRP Holders Increases To Over 75,000 As A Sign of Support In The Ongoing Lawsuit Against SEC Do Kwon Refuses To Go To South Korea It is worth noting that the last journalist that interviewed Do ...
Most Crypto communities Including Do Kwon Are Sceptical About Fatman’s Offer For UST Victim
Blockchain

Most Crypto communities Including Do Kwon Are Sceptical About Fatman’s Offer For UST Victim

Most crypto communities including Do Kwon have reacted to the usual offer by renowned Terra informant and whistleblower Fatman. Fatman took to handle to promise “leftover” yields to users. Terra’s Do Kwon appears to be among those calling Fatman’s offer a scam. https://twitter.com/DegenSpartan/status/1566784027444461568 Fatman stated:“Received access to a high-yield BTC farm based on a private carry trade operated by an up-and-coming fund. I’ve maxed out what I could, so there’s some leftover allocation, and I thought I’d pass it along – priority will be given to UST victims. DM for more details if interested.” Despite that Fatman has set up a condition of public disclosure, the crypto industry is still sceptical about the proposal as many of them like Degen Spartan, quoted ...
Tota Burned LUNC Stands At 3.08 Billion As 1.2% Burn Proposal Is Duly Followed
Cryptocurrency

Tota Burned LUNC Stands At 3.08 Billion As 1.2% Burn Proposal Is Duly Followed

The LUNCARMY has resumed their activities with full force as the number of tokens burned now hit over 3 Billion LUNC. The good news was revealed on the LUNC Burn’s Twitter handle in the course of analyzing the volume traded in the last 24 hours. https://twitter.com/LunaBurn_13/status/1562885463891152896 According to the tweet, the LUNC volume traded in the last 24 hours is $157 million and per the 1.2% burning proposal which was passed some month ago which says 1.2% of transactions in the community will be burned to maintain the price of the token. Read Also: Binance Sets To Update Its Cardano Nodes Ahead Of Vasil Hard Fork As reported by the LUNC Burn; “Total burned LUNC stands at 3,080 billion. The volume traded in the last 24hrs is $157m, 1.2% of that is $1.88m at these p...
Terra Tokens (LUNC And LUNA) To Be Listed By Poloniex Exchange On The 17th Of August
Blockchain

Terra Tokens (LUNC And LUNA) To Be Listed By Poloniex Exchange On The 17th Of August

The Terra ecosystem is called to anticipate the enlisting of its tokens Terra (Terra (LUNA) and Terra Classic (LUNC)) by a giant cryptocurrency exchange, poloniex. The exchange stated, “We’re excited to welcome Terra (LUNA) and Terra Luna Classic (LUNC) to Poloniex.” The update was revealed via poloniex’s official website. It is interesting that despite the recent Terra collapse when all think all hope is gone, Poloniex announces support for its tokens. The Poloniex stated: .blockspare-9ab56878-3664-4 .blockspare-block-container-wrapper{background-color:#f9f9f9;padding-top:20px;padding-right:0px;padding-bottom:20px;padding-left:0px;margin-top:30px;margin-right:0px;margin-bottom:30px;margin-left:0px;border-radius:null}.blockspare-9ab56878-3664-4 .blockspare-image-wrap{backgroun...
The South Korean Crypto Exchanges To Compensate Investors For Their Loss In The Course Of Terra Collapse
Blockchain

The South Korean Crypto Exchanges To Compensate Investors For Their Loss In The Course Of Terra Collapse

As a result of Terra's collapse, the South Korean institutional and retail investors lose a huge amount of capital. The cryptocurrency exchange in South Korea met and announced the plan to compensate the investors in that region. Owing to the crash, the investor lost billions which led to the promise mentioned earlier by the cryptocurrency exchange which includes Upbit and Korbit. Read Also: Ethereum PoW Manifesto Reveals Their Plan To Abolish EIP-1559 As Merge Approaches And The Ethereum's Buterin Stands To Defend The Tornado Cash Read Also: Nigeria And Some Crypto-Restricted Regions Can Now Pay Their Utility Bills Via Cryptos Like BTC And ETH: Manila Finance The total compensation from both exchanges in May accounts for approximately $30 million. .blockspare-d803f580-9222...
Terra USTC Returns To The Top 100 Crypto As It Spikes Almost 400% In The Last 24 Hours
Cryptocurrency

Terra USTC Returns To The Top 100 Crypto As It Spikes Almost 400% In The Last 24 Hours

Terra’s collapsed stablecoin USTC prices experience a sudden spike of almost 400% over the last 24 hours. And this resulted in the token entering the top 100 cryptocurrencies. Amid the volatility in the crypto firm related to Terra’s newly released token LUNA 2.0, TerraClassicUSD has striven to spike more than 400% over the past 7 days. It is trading at an average price of around $0.042, at the press time. USTC’s 24-hour trading volume has increased by 413% to stand at $83 million. Read Also: Shiba Inu Spiked 50% In Seven Days, Its Addresses Approach 1.2 Million USTC’s total market Cap added almost $200 million in the last 24 hours as gotten from the data from the Coin MarketCap. Presently, it calms around $402 million. The meant-to-be stablecoin has now grabbed the 84th spot amo...
Terraform Labs CEO, Do Kwon said he has “great confidence” in the company’s ability to “build back even stronger” than before.
Blockchain

Terraform Labs CEO, Do Kwon said he has “great confidence” in the company’s ability to “build back even stronger” than before.

According to the  Wall Street Journal, Terraform Labs CEO, Do Kwon said in an interview published on Wednesday, that he has “great confidence” in the company’s ability to “build back even stronger" than before. Kwon displayed a level of confidence in rebuilding the Terra blockchain following the collapse of its predecessor in May. The proposal to relaunch the Terra blockchain and fabricate a new token was initiated in May which was succeeded by majority votes among the holders of Terraform Labs’ Luna governance token. Read Also: Tether To Release A Stablecoin Pegged To The British Pound In Early July. The votes than were in favor of the creation of a new blockchain called Terra while by the side, the old version was renamed Terra Classic.  “Many builders are in the pro...
The Ongoing Voting Has Given The New Proposal(50% of all LUNC transaction fees) burns Records of 93.2%, with 77.4 million LUNA committed.
Cryptocurrency

The Ongoing Voting Has Given The New Proposal(50% of all LUNC transaction fees) burns Records of 93.2%, with 77.4 million LUNA committed.

After Do Kwon and Terraform Labs refused to yield to the community calls to burn LUNA instead of creating a whole new Chain, all seemed to be calm, until now. It so happens that not everyone was happy with Terraform’s game plan of not burning the tokens. A week ago, a team of developers has come up with a seemingly perfect solution of their own – launching a community-based DEX with the basic aim of burning lots of LUNC (Luna Classic). For maximum effect, the platform will be called “Burning DEX.” Read Also: 20 million OP moved by the attacker Due To The Wrong Address Sent By Wintermute As of then, there are currently close to 7 trillion LUNC tokens minted. The Terra community then (now TerraClassic) was always in favor of burning the excess minted tokens rather than creatin...
New Terra Luna Classic (LUNC) Burning Proposal Gets 80% Votes In Favor, Will It Be Implemented?
Cryptocurrency

New Terra Luna Classic (LUNC) Burning Proposal Gets 80% Votes In Favor, Will It Be Implemented?

A LUNC investor has fielded a proposal to burn tokens and cause a sharp spike in price. For some time now, the Terra community has complained that Do Kwon and Terraform Labs have left LUNC and UST. A previous demand by the community for TFL to implement a LUNA burning mechanism was rejected, and Do Kwon and his team instead elected to create Terra 2.0. Currently, another proposal by a LUNC investor is causing ripples within the community and the crypto market. The proposal suggests a straightforward LUNC burning mechanism that will lead to a decrease in supply and a price increase. Read Also: Binance To PayPal Short Guide: How To Transfer Crypto From Binance To PayPal The LUNC Burning Mechanism As stated by the proposal, a 1.2% tax/burn will be implemented on all LUNC tra...