Terra

The Terra Luna Classic community awaits a significant LUNC burn by Binance to further reduce supply. Over 1 trillion LUNC is staked, and 124 billion have been burned, with more expected from the Tax2Gas mechanism. The Terra Luna Classic (LUNC) community is eagerly awaiting a significant LUNC burn by Binance, the prominent cryptocurrency exchange, as part of its ongoing LUNC burn mechanism. The anticipated burn is expected to further decrease the total LUNC supply, which has recently dropped to 6.78…

Terra Classic (LUNC), the phoenix attempting to rise from the ashes of the infamous TerraUSD crash, is once again capturing investor attention. Coincodex analysts predict a modest 10.7% price increase by July 25th, while renowned crypto analyst Javon Marks throws a much bolder 1,500% surge into the ring. So, is LUNC poised for a bullish breakout, or is this just another mirage in the volatile crypto desert? A Token Reborn: LUNC Capitalizes On Market Volatility LUNC, once the backbone of…

Community rejects expanding validator set from 100 to 130. Settlement with U.S. SEC leads to validator dispute: $4.5 billion settlement sparks validator dispute over network decentralization. The Terra Luna Classic community has rejected a highly debated proposal to increase the validator set to 130 on the blockchain. This decision comes in the wake of Terraform Labs and Do Kwon’s agreement to settle with the U.S. SEC for $4.5 billion. According to updates shared in Today’s Coin Market Cap news, the…

The post Terra Luna Classic Witnesses 6.5B LUNC Burn Amid Large Wallet Movements appeared first on Coinpedia Fintech News Terra Luna Classic saw over 6.5 billion LUNC burned in the last 24 hours as large wallets sold LUNC tokens. The move comes after Terraform Labs’ CEO confirmed yesterday to burn LUNC and USTC they hold in their TFL and LFG wallets. The total burn by the community has now reached over 123 million LUNC with Binance being the top burner…

Terra Luna Classic community implements Tax2Gas, integrating burn tax into gas fees. Debates arise over increasing burn tax to 1.2% to potentially boost LUNC’s price. The Terra Luna Classic community has recently adopted proposal 12115, known as “Tax2Gas,” which integrates the burn tax directly into gas fees, simplifying transactions for developers and users. This change eliminates the need for manual calculation of the burn tax by decentralized application developers, enhancing user experience on the Terra Classic network. As detailed in…

The Terra Luna Classic community has passed proposal 12114, significantly revising the LUNC burn tax distribution. Over 98% of the community voted in favor, indicating strong support among key validators. The Terra Luna Classic community has decisively approved proposal 12114, aimed at revising the LUNC burn tax distribution. Authored by developer Till Z., known as Fragwuerdig, the proposal received a staggering 98.04% approval from the community. This strategic change is set to enhance staking rewards and improve long-term incentives for…

The Terra Classic community is voting on Proposal 12114 which aims to revise the LUNC burn tax to allocate 10% to the Oracle Pool, enhancing long-term staking rewards. While Proposal 12114 has garnered strong support from smaller validators, it has yet to reach the voting threshold due to abstentions from major validators such as Allnodes. The Terra Classic community is currently in the midst of a crucial vote concerning Proposal 12098, which aims to revise the LUNC burn tax to…

The post Terra Luna Classic (LUNC) Price Faces a Steep Uphill Ahead Following Historical US SEC Settlement  appeared first on Coinpedia Fintech News The Terra Luna Classic (LUNC) community has undergone a challenging period since the 2022 market capitulation, which wiped out over $30 billion in a single week. The historical fall of UST logarithmic stablecoins has haunted the Terra LUNC ecosystem despite rebranding to refreshed products in the recent past.  Moreover, the leadership of Do Kwon has largely been…

The post Terra Tokens Make A Move! LUNC And LUNA Tokens To Surge Amid SEC Settlement? appeared first on Coinpedia Fintech News Following the positive outcome of the 5th U.S. CPI data release yesterday, the crypto market experienced a strong bullish reversal with the market leader, Bitcoin price, adding approximately 5% to its portfolio. On the other hand, following the settlement news of Terra Labs and Do Kwon with the SEC, Terra tokens experienced strong bullish price action. However, during…