Terraform Labs Archives - Page 3 of 3

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

27Jun

By Cryptolifedigital1 Comment

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.

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...

Do Kwon, Terraform Labs CEO Encourages The Crypto Investors “Be The Change You Want To See”

“Be the change you want to see” is a statement of the CEO of Terraform Labs to the crypto investors. He dwelled much on the fact that there are lessons to note from the occurrence that left some negative impacts on the crypto industry in recent months. The Why for the statement “Be the change you want to see” In the words of Kwon to the crypto investors which was recently shared in the series of tweets a few hours ago, following the recent collapse of the Terra ecosystem and the creation of the new blockchain as a repair mechanism for the collapsed one. Read Also: Elon Musk To Reimburse Investors Sum Of $86 Billion, Plus Pay Double That In Damages — An Additional $172 Billion. https://twitter.com/stablekwon/status/1538066680747728897 He said rather than causing a se...