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Tag: Terra

Terra Classic: Community Approves Proposal LUNC Price Triggers By 5%
Terra Classic (LUNC)

Terra Classic: Community Approves Proposal LUNC Price Triggers By 5%

The proposition by the Terra Classic community to make KYC a necessary requirement for all L1 engineers is supported by the community, with an astounding vote. As the community pushes to increment development on the chain with third-party developers, it became important to acquaint some safety measures to tackle any harm to the chain. Read Also: Terra Classic: Can a Fallen Giant Reclaim its Glory? Approved KYC Proposal Terra Classic proposition 12033 "Mandatory KYC for all L1 designers" by SolidVote LUNC Validator is nearly passed by the community, according to the most recent voting information on the Station wallet. The decision on the proposition closes on February 8. According To SolidVote Validator: "Anybody can work on the Luna Classic blockchain anonymously. This poses a ser...
1 Billion Token Burn: Terra Classic Aim To Hit $0.01, Sets Coin Ablaze
Terra Classic (LUNC)

1 Billion Token Burn: Terra Classic Aim To Hit $0.01, Sets Coin Ablaze

One Billion Token has been set ablaze by Terra Classic in an all-out attempt to push the coin to hit $0.01. The solidarity in the Terra Classic space was exhibited extravagantly with precisely 1,117,048,514 LUNC worth roughly $111,313.88 at the current market price eliminated from dissemination. This leaves the all-out LUNC supply at 6,812,673,485,368 according to information shared by a fan @AlexCryptoBull. This burning is essential for the revival strategy for LUNC, which once traded at an all-high of $119.18 and is presently changing hands for $0.00009967, somewhere around 0.67% 24 hours ago. The community's main aim point is to probably push the token to the 1 cent level in the long haul. Read Also: Terra Luna Classic (LUNC) Surpasses 95 Billion Milestone in Burn Campaign Ter...
Terraport Gets Certik Silver KYC Badge Amidst Hack Criticism
Terra Classic (LUNC)

Terraport Gets Certik Silver KYC Badge Amidst Hack Criticism

Certik's Silver KYC badge has been gifted to the recent Defi project Terraport launched on Terra Classic (LUNC) ecosystem. Despite the project being the first to achieve such a milestone in Terra Classic, the project has been criticized because of the hack situation in April. The Terra Development group behind Terraport, TerraCVita, spoke about the development in a recent tweet. They disclosed that Terraport has undergone a thorough verification process anchored by Certik in Web3, which qualified them to receive the Silver KYC badge. Read Also: Exposing the truth on common misconception about Blockchain "We are the First and only dev team on LUNC to do a full independent assessment" TerraCVita tweeted https://twitter.com/TerracVita/status/1664412989401755649?ref_src=twsrc...
LUNC Ranks First In Terms Of Market And Social Activities As Its Community Staked Additional 28 Billion
Cryptocurrency

LUNC Ranks First In Terms Of Market And Social Activities As Its Community Staked Additional 28 Billion

Despite the downtime in the Terra ecosystem, the Lunatics have not lost hope in the Terra and its token. The recent activities of the community displayed the strength they have in the token. According to the LUNC Burn, an unofficial Twitter account live tracking all LUNC Burns, share data on Monday on the staking of 528 billion LUNC in 3 hours which represented the 28 billion increase. Read Also: Vasil Node Candidate, Version 1.35.3 Nowe Produces 94% Of The Block And Four Different Exchanges Disclosed Their Readiness For Vasil “We are currently at 528.8b $Lunc staked, an increase of 28b in the last few hours. 7.66% of total supply locked up,” the account noted in a tweet. https://twitter.com/LunaBurn_13/status/1566923866303250433 Total LUNC Staked Calms At 528 Billio...
MEXC Global Becomes The First Lead Exchange To Support LUNC Tax Proposal And It Burns Over 25.4M In The Last 48 Hrs
Cryptocurrency

MEXC Global Becomes The First Lead Exchange To Support LUNC Tax Proposal And It Burns Over 25.4M In The Last 48 Hrs

The supply of the LUNC has been greatly reduced over time as the various platform added support to the token. Recently, a blog post was released saying that the crypto exchange MEXC Global unveiled its plan to add support to the LUNC community burn tax proposal between 10:00 September 3 to 10:00 September 17 (UTC). https://twitter.com/MEXC_Global/status/1566406957942026240 MEXC Global stated:“To support the burn tax proposal from the Terra Classic (LUNC) community, MEXC will launch a time-limited burning event for spot trading fees of LUNC/USDT and LUNC/USDC,”  Recall, that the LUNC tax proposal stated that a 1.2% tax be applied on all on-chain transactions and burns. MEXC Global said the spot trading fee for LUNC trading pairs will be adjusted to 1.2%. MEXC notes that it ...
Web3 Protocol Once On Terra Blockchain Migrates To Polygon.
Blockchain

Web3 Protocol Once On Terra Blockchain Migrates To Polygon.

There has been a serious migration of projects from Terra (Luna) and its stablecoin, TerraUSD (UST) since the inception of the collapse of Terra. Dozens of protocols have chosen to move to polygon network (MATIC). For instance, as stated by Wyatt, over 48 projects which include NFT ecosystem One planet and Derby Stars HQ Play-to-Earn protocol, have already moved their development workloads to Polygon Network (MATIC). Read Also: One Of The Largest Ethereum Chain investors, Gimli Acquired A whopping 750 Billion Shiba Inu Worth Of $8.4 Million Web3 Protocol On Polygon Ryan Wyatt, CEO of polygon studio, tweeted on July 8th about the new migration from Terra to Polygon Network. The migration of Web3 protocols from Terra 9Luna) blockchain. https://twitter.com/Fwiz/status/1545555...
Do Kwon Answers Users On LUNC Network Upgrade.
Blockchain

Do Kwon Answers Users On LUNC Network Upgrade.

Following the curiosity of one Twitter handler, THORchain.BULL who wanted to why a governance vote earlier passed to have the LUNC delegation re-enabled is never executed and more also the users that the LUNC governance never resumed implies that the Terraform Labs has control over it, Do Kwon reply as usual that the Terraform Labs has no control over LUNC and that whoever surfaced with the offer to start delegation should coordinate validators to mechanize the pathway to upgrade the network. Read Also: Shiba Inu is Now Accepted As Payment In Dripto, A Digital Marketplace https://twitter.com/stablekwon/status/1545600281534050305 According to the THORchain.BULL, he didn’t mean any negative but he was out of curiosity to bring it to the attention of other users. he added that if ...
Terra, Dogecoin, Cardano Log Double-Digit Losses as bitcoin and Ethereum slip below $40000 and $3000 respectively.
Cryptocurrency

Terra, Dogecoin, Cardano Log Double-Digit Losses as bitcoin and Ethereum slip below $40000 and $3000 respectively.

The cryptocurrency market is in the middle of yet another Bearish and another major sell-off.  Bitcoin, the largest cryptocurrency, has plunged below the $40,000 level for the first time since March 16.Ethereum, the second-largest cryptocurrency, is currently trading below the $3,000 level on the Coinbase exchange. Read Also: Bitcoin is a Super Strong Investment, Says Tennis Champion, Serena Williams. .blockspare-954909db-0e8b-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-954909db-0e8b-4 .blockspare-image-wrap{background-image:}   All of the top 100 biggest cryptocurrencies are c...
Terra staking is now available on Binance
Blockchain

Terra staking is now available on Binance

Binance, the world’s largest cryptocurrency exchange, now allows staking Terra’s UST stablecoin. It is possible to earn up to 19.63% annual percentage yield (APY). The cryptocurrency exchange has announced its plan to launch DeFi staking in August 2020. Initially, it gives room for the users to stake Dai, the native stablecoin of the MakerDAO platform. Read Also: House Bill No. 170 Intends To “Allow A Candidate To Receive Campaign Contributions In The Form Of Cryptocurrency” By Amending And Reenacting Existing Laws. Staking makes it possible for users to earn passive income by locking up their digital assets in a smart contract.As reported by U.Today, LUNA, the native cryptocurrency of the Terra network, managed to reach a new all-time high of $119.18.Terra’s UST is the bigg...
Terra(LUNA) achieves yet another all time high, Surpasses XRP
Blockchain

Terra(LUNA) achieves yet another all time high, Surpasses XRP

The price of Terra, LUNA hits its all-time high of $117.70 earlier today. As provided by the coin market cap, the Terra is up more than 7% over the last 24hours. Luna is now the seventh-largest cryptocurrency by market capitalization, bypassing Ripple-affiliated XRP once again. Its current value is $41billion. The governance token of the LUNA network has been on a roll over the past few weeks amid Terra’s speculation Bitcoin buying spree. At the time when the news was been written, the official address of the LUNA foundation Guard (LGF), a non-profit organization established by Terraform Labs, holds almost $1.4 billion worth of Bitcoin. Do kwon Explain As explained by Do Kwon, a co-founder of Terra, he said the main purpose of the hold is to maintain the dollar peg of the Terr...