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Terra Luna Classic community members contemplate raising the burn tax from 0.5% to 1.5% amid the burn tax distribution and Tax2Burn proposal. The community remains divided on the proposal to increase the on-chain tax rate, fearing crypto exchange Binance may suspend the LUNC burn mechanism.
Terra Luna Classic has successfully upgraded to v3.1.3 to revise burn tax distribution. The upgrade implemented Oracle Split logic to divert community pool rewards from burn tax to the Oracle Pool (OP) and terrad client to fix memory leaks.
eToro moves to delist Terra Luna Classic, rubbing the LUNC community up the wrong way.
Terra Classic community has asked Terraform Labs CEO Chris Amani and eToro for clarification on LUNC delisting on the platform. The move comes after eToro users faced difficulty in trading LUNC due to recent developments in Terraform Labs (TFL) bankruptcy proceedings.
TerraForm Labs sets a crypto loss claims bar date in a quest to gradually reimburse downtrodden investors.
Terra Classic price flashed a bullish signal on the daily time frame chart as USTC stablecoin gains a new utility in the Cosmos blockchain. USTC will serve as collateral for the CDT token by Membrane.
Terraform Labs announces important updates for the Terra community for filing their crypto loss claims. Any person or entity that believes they have a crypto loss claim against the debtors can file claims for Chapter 11 Bankruptcy voting purposes.
Terraform Labs Pte. Ltd. and Terraform Labs Limited have issued a notice to creditors on how to submit claims for losses related to cryptocurrencies in their Chapter 11 bankruptcy cases.
Terra Luna Classic community unanimously passed a major upgrade proposal to revise burn tax distribution. The upgrade will implement Oracle Split logic to divert community pool rewards from burn tax to the Oracle Pool (OP) and terrad client will reroute short-term rewards to long-term rewards.
Terra Classic (USTC) has made headlines with a 17% price increase. Trading and expert attention is currently on the token's quick ascent.
Developers of Terra Luna Classic (LUNC) have announced a delay in their tax distribution upgrade.
LUNC News: Terra Luna Classic developers have made final changes to the tax distribution upgrade. After completing development for Oracle Split logic to divert community pool rewards from tax burn to the Oracle Pool (OP), a release of the terrad client is created that will reroute short-term rewards to long-term rewards.
Terra Classic is on a roll! Despite the Terra Classic community's rejection of a proposal to create an independent community website, the LUNC token experienced a significant price rally. This unexpected increase is linked to positive developments from Terraform Labs (TFL) amid its Chapter 11 bankruptcy proceedings.
In a significant development in Terraform Labs' (TFL) ongoing bankruptcy proceedings, a recent court order has authorized several key actions for the troubled crypto company.
The Terra Classic community has overwhelmingly rejected a proposal to create an independent community website, fueling market discussions. However, despite this setback, Terra Classic's LUNC token saw a notable rally, gaining over 5%.
The Shiba Inu (SHIB) and Terra Classic (LUNC) ecosystems have become known for their regular token burns, which aim to increase the value of these coins. A computer engineer has given his opinion on this burn mechanism, revealing between Shiba Inu and LUNC, which will likely reach their desired goal of $0.01.
TL;DR Terraform Labs, in the process of restructuring after bankruptcy, has received a court order to reopen the Shuttle Bridge and burn millions of LUNA tokens.
Terraform Labs announces key events in its broader bankruptcy exit plan.
A computer engineer pointed out that LUNC and SHIB's burn rates are too slow for them to reach their 1 cent target any time soon.
These developments indicate TFL's proactive efforts to tackle Terra's challenges and restore trust and stability within the Terra ecosystem.
As both SHIB and LUNC strive for their 1 cent dream, a computer engineer explains why it's still far away.
The recent technical analysis highlights a bullish divergence between LUNC's price and its On-Balance-Volume (OBV) indicator, which measures positive and negative volume flow. This divergence suggests a possible breakout, with analysts predicting a substantial price increase.
Emulating Bitcoin.Org's style, LUNC community is voting on building an all-in-one portal to represent the game-tested ecosystem.
Terra Classic's price increased by double digits in the last 24 hours, which helped it trend on social media.
