LUNC

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…

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…

The post Milei Moneda ($MEDA) Set to Eclipse LUNC & OCEAN, Say Experts appeared first on Coinpedia Fintech News TLDR Terra founder gets released from prison; LUNC spikes at the moment. Ocean Protocol (OCEAN) gets into an AI token merger with Fetch.ai and SingularityNET. Milei Moneda aims for more DeFi involvement in the crypto-verse. Meme coins have run wild with the talk of Bitcoin’s halving, as investors trust the meme tokens to spike considerably during the bull run. Even Milei…

The post Early Investors on $RECQ Expect Huge Price Move Ahead of XRP and LUNC appeared first on Coinpedia Fintech News TLDR $RECQ offers 525% gains by the end of the presale. XRP bears expect a prolonged negative trend. LUNC could decrease to under $0.00012 in 2024. Rebel Satoshi’s $RECQ is gaining traction as one of the most lucrative investments in the current market space. On the other hand, analysts expect more significant corrections over the next XRP (XRP) and…

Terraform Labs faces SEC trial over alleged crypto fraud, accused of misleading investors about stablecoin stability. The legal battle was delayed till March, with co-founder Do Kwon remaining in Montenegro after the extradition ruling was overturned. Terraform Labs and its co-founder Do Kwon confront the US Securities and Exchange Commission (SEC) in a high-stakes trial. The SEC’s allegations paint Terraform Labs as a central player in a sprawling financial deceit that rocked investors, leading to one of the most significant…

The prices of LUNC and USTC have both seen a considerable boost in the past day. But although there has been a bit of a recovery in the crypto market, another reason entirely is behind this surge in price and it has everything to do with the currently incarcerated founder of the Terra blockchain, Do Kwon. Terra Founder Gets Released Do Kwon, the founder of the billion-dollar Terra blockchain, which collapsed in 2022, has been in prison in Montenegro for…

In a Monday update, leading exchange Binance revealed that it had burned $1.8M worth of  Terra Classic token trading fees.  The move came as a response to a community proposal from September and aimed at shedding some of the token supply.  Binance Completes the First Burn CEO Changpeng Zhao informed users that the company had completed the first LUNC burn via a post on Twitter. The exchange had sent about 5.5 million LUNC tokens worth 1,863,213.47 Tether (USDT) to the…

Kwon unveils another plan to revive ebbing Luna.   On Monday, the Terraform founder and CEO unveiled another plan to save Terra’s sinking ship from extinction. This plan, shared on Twitter, includes forking Terra’s governance coin Luna and making the chain community-owned. What Went Down, Literally In spite of the death blow dealt to both Terra coins recently, the cryptocurrencies continue to find ways to stay alive. Last week, Terra's LUNA dropped from $85 value to less than nothing. Its…