LUNA

The Terra Luna Classic community has rejected Proposal 12105. The proposal to increase the burning tax to 1.5% was met with a lot of opposition. The Terra Luna Classic community has rejected Proposal 12105 which sought to increase the LUNC burn tax. The Luna Classic Community also opposed the proposal because there was no rationality and proper plan for its implementation. Although the burn tax concept was rejected, conversations about the burn tax are still prevalent in the Terra Luna…

Binance has burned over 59 billion Terra Luna Classic (LUNC) tokens as a continued plot to revive the Terra Luna ecosystem with the exchange contributing to 51.9% of the community’s total burns. LUNC’s price has experienced a 3% surge this week, indicating positive market sentiment. Crypto Exchange Binance continues to show true service to the Terra Luna Community by conducting another token burn. According to Lunc Burn Tracker Binance just burned another heap of LUNC tokens totaling the number of…

LUNC community passed Proposal 12104 to reactivate IBC with Osmosis. Crypto analyst Javon Marks predicts a potential LUNC price surge, with targets of $0.00058046. The Terra Luna Classic community has successfully passed Proposal 12104 to reactivate interblockchain communication (IBC) with the Osmosis protocol. This decision marks a significant milestone, enabling seamless transfers between Terra Luna Classic and Osmosis. Client ID 07-tendermint-12 on Columbus-5 references the Osmosis validator set to be reinstated. Proposal 12104, titled “Reactivate Osmosis IBC,” was introduced by…

Coinbase may relist Terra Luna Classic (LUNC), following a significant uptick in token staking and market activity. This potential relisting could herald new all-time highs for LUNC, revitalizing interest after past market turmoil. Recently, Terra Classic (LUNC) has reached a new milestone in staking achievements, with levels indicating a bullish phase for the cryptocurrency. This information was detailed in a prior report by CNF, which highlighted the growing investor confidence in LUNC’s potential for substantial token burns to reduce supply…

The Terra Classic Wallet has transitioned from version 0.0.1 to v0.0.22, marking significant advancements in functionality and user interface. The LUNC token shows potential for a price surge if it can break the $0.00012 resistance, amidst volatile market conditions. Following CNF earlier updates, the Terra Luna Classic has implemented a crucial security upgrade to mitigate risks and bolster the stability of the blockchain. This enhancement is a proactive measure to address vulnerabilities and ensure the integrity and performance of the…

The post Binance Burns 1.4 Billion Terra Luna Classic (LUNC) Tokens! appeared first on Coinpedia Fintech News Binance supports the Terra Luna Classic community’s 21st batch of the LUNC burn mechanism, eliminating 1.4 billion LUNC tokens. This step makes Binance Binance’s total LUNC burn to over 57 billion. It’s a major contribution to the community’s total burn that exceeds 112 billion tokens. Though it witnessed declining trading volumes in April, Binance attributed to the broader crypto market downturn. It remains…

Cryptocurrency markets have always been a hotbed of speculation, with investors constantly seeking the next big thing. In recent times, meme coins have gained significant traction, capturing the imagination of traders and enthusiasts alike. One such meme coin that has been making waves is HUMP, positioned as an alternative to the well-known Pepe Coin (PEPE). Backed by the prediction of a prominent analyst, who has gained notoriety for accurately forecasting trends since the Terra Luna crash, HUMP is poised for…

Terra Luna Classic has made a strategic move to optimize its burn tax. With network efficiency in mind, community sentiment is heightened with an uptick in price. The Terra Luna Classic (LUNC) is seen to be undergoing notable changes following an approval to revise the cryptocurrency’s burn tax. The changes include a favorable vote for an oracle pool distribution from the Terra Luna Classic community.  Terra Luna Classic Burn Tax Proposal Approved Recent reports reveal the Terra Luna Classic community…

Terra Luna Classic takes a proactive measure against possible spam attacks with the introduction of Proposal 12097 which would also increase validators’ commission from 0% to 2.5%. According to the proposal, increasing the minimum commission would motivate small validators to invest in better infrastructures to mitigate attacks.  Tera Luna Classic (LUNC) takes a drastic approach to revolutionize its ecosystem with a series of approved proposals subject to voting. Over the years, developers have pointed out possible risks to the likes…