Terra

Terra Luna Classic plans a major revision of LUNC burn tax distribution to improve staking rewards. Initial price volatility expected as the community and markets respond to tax distribution changes. Following a previous update by CNF, the Terra Luna Classic community has shown robust support for Genuine Labs’ proposal, allocating over 256 million LUNC to it. This endorsement underlines the community’s readiness to adopt strategic changes aimed at enhancing the network’s value and functionality. Strategic Redistribution Proposal Recent updates from…

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…

Crypto analyst Javon Marks has laid out a bullish narrative for Terra Classic (LUNC). Based on his analysis, the crypto token could eventually see a 13x increase from its current price levels. The analyst alluded to LUNC’s historical pattern as what could drive such parabolic price surge. How LUNC’s Price Could Jump By 1,300%  Marks mentioned in an X (formerly Twitter) post that LUNC has confirmed a “major bullish pattern,” signaling a continuation of its bullish run to the first…

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…

Significant updates have been approved by the Terra community aimed at restoring LUNC and USTC tokens. These include crucial developments in token management and plans for enhanced market integration. Following a critical update, the Terra Luna Classic community has approved a pivotal proposal to enhance the Inter-Blockchain Communication (IBC) client between Terra Classic and Kujira. As reported by Binance, this initiative is part of a broader effort to rejuvenate the LUNC and USTC tokens. Additionally, the proposal includes appointing Allnodes…

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…