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Commission-free stock and crypto trading platform Robinhood asked crypto Twitter the crypto they want to get listed next on the platform. Several crypto communities jumped in to mention their favorite cryptocurrencies, including the Terra Classic community asking to list the LUNC token.
Although the broader crypto market remains at the mercy of bears, several digital assets are trading in the green. This article reviews a few of these bullish assets for value-seeking investors.
BeInCrypto takes a look at the five projects that dumped the most last week in the crypto market, more specifically, from Oct. 14 to Oct. 21. The post AXS, ETHW, LUNC, ENS and APT Spell Trouble After Losing Support appeared first on BeInCrypto.
While the overall crypto market is facing an increased bear movement for the weekend, Ripple is celebrating its victory in Ripple vs SEC. Today, the SEC has finally agreed to handover Hinamn documents.
Terra classic (LUNC) is seeing no signs of bull run as LUNC price was once again rejected recently at a resistance of $0.000251. The current bearish pattern of Terra Classic has been seen since September which has resulted in a massive sell-off.
David Gokhshtein, former U.S. Congressional candidate and founder of Gokhshtein Media, on Friday said he favors buying “a bag of XRP” as the SEC handover Hinman docs to Ripple. Gokhshtein believes if Ripple wins the lawsuit, the XRP price will go parabolic.
The Terra LUNA classic (LUNC) community agreed over the 5234 proposals to reduce the tax burn for on-chain transactions for the LUNC and USTC. The tax is now decreased from 1.2% to 0.2%.
Token that made a lot of noise in industry is now rapidly losing its value due to lacking intrinsic value
While the crypto market remains in the red, a growing number of coins have managed to buck the bearish trend. This article explores some of these crypto assets.
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Three cryptocurrency exchanges have announced to implementation of Terra Classic's proposal to reduce taxes on (CRYPTO: LUNC) and (CRYPTO:USTC) on-chain transactions. This comes hours after Binance (CRYPTO: BNB) announced that it would follow a proposal recently approved by the Terra Classic community.
The Terra community has been striving hard to regain the trust of the trading and investing market participants ever since the asset crashed in May earlier this year. Now, Terra's new chain Terra Classic (LUNC) and its current stablecoin, TerraClassicUSD (USTC) are facing a pump-and-dump trend. Currently, TerraClassicUSD (USTC) is selling at $0.
The Terra LUNA classic (LUNC) community recently passed proposal 5234 which aims to reduce the tax burn for on-chain transactions for the LUNC token and is meant to be stablecoin USTC on Terra classic network. The Tax burn will be decreased from 1.2% to 0.2%.
Recently, the Terra Classic ecosystem was quite heated as a significant new update was approved. The LUNC community passed Proposal 5234.
The Terra Classic contributors within the blockchain have reduced the burn tax, which was applied to all Terra Classic (LUNC) transactions. Terra Classic is essentially the original Terra (LUNA/USD) coin which was left behind following the launch of the new Terra chain after its collapse.
Binance, has released updates on deposit and withdrawal fees for LUNC and USTC on Terra Classic (LUNC) Network. Binance will now charge consolidation fees due to tax burn.
The Terra Classic community has passed a vote to reduce the “burn tax” as they look to revive the protocol's on-chain activity. With the vote passed, each transaction will see a tax rate of 0.2%, adjusted down from 1.2%.
The Terra Luna Classic (LUNC) rebranded from the original Terra chain following the May collapse.
The BlueZilla blockchain startup incubator has launched LUNCHBOX – a decentralized platform, giving users the opportunity to contribute to the overall LUNA Classic token burn, whilst enabling market prediction for the amount of $LUNC tokens as higher/lower than yesterday's burn amount. The project empowers the community and $LUNC token burn supporters to help retrieve the value of the ecosystem.
Leading cryptocurrency exchange Binance has revealed that in its third batch of Terra Classic ($LUNC) tokens burns it has destroyed 2.5 billion tokens, permanently removing them from circulation in a single transaction.
LUNC remained unfazed by the passing of the proposal and was down by nearly 8%.
The Terra Classic contributors adjusted the tax rate on all transactions from 1.2% down to 0.2%. The post Terra Classic developers lower ‘burn tax' rate in bid to revive on-chain activity appeared first on The Block.
Terra Luna Classic community voted to reduce the LUNC tax burn rate from 1.2% to 0.2%, which could now take nearly 29 years to take 10 billion tokens out of circulation. The post New Terra LUNA Classic Tax Burn Means It Could Take 30 Years to Destroy 10 Billion LUNC appeared first on BeInCrypto.
LUNC initiates big changes in burn process and infrastructure development
