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Terra Luna Classic (LUNC) price suddenly started moving higher late Thursday, recording more than 10% jump in the last 24 hours. The move is surprising even for the Terra Luna Classic community as LUNC and USTC prices failed to pick upside momentum despite recent crucial proposals and a chain update.
The Terra Classic (LUNC) community has formally approved a proposal to cease all processes of minting and reminting of USTC.
Since the last price prediction set on September 6 for Terra Classic (LUNC) to the end of this month, the machine learning algorithm has updated its projections for a more bearish scenario for this cryptocurrency's holders.
The Terra Luna Classic community has made a decision to halt the minting and reminting of USTC tokens as part of their efforts to bring the stablecoin back to its $1 value and revive the LUNC token. This move also allows entities like the crypto exchange Binance to begin burning USTC tokens now that the minting and reminting process has ended.
The Terra Luna Classic community has officially passed a proposal to stop all minting and reminting of USTC. While the community looks to repeg USTC stablecoin back to $1 and revive LUNC, the proposal opens the door for entities such as crypto exchange Binance to start burning USTC learning that the USTC minting and reminting
Terra Luna Classic (LUNC) has been on the radar of crypto enthusiasts and investors, but its recent price performance has left many scratching their heads. Since mid-August, the altcoin has been caught in a pronounced downtrend, drawing the attention of traders worldwide.
Over the recent weeks, the Terra classic coin price has showcased a more defined downtrend, especially noticeable since mid-August. This movement is delineated by two descending trend lines, which have repeatedly served as dynamic barriers of support and resistance.
The Layer-1 Joint Task Force ended up in the crossfires as members were dismayed by the budget requested.
The Terra Luna Classic community has passed a major proposal to ask crypto exchange Binance to burn USTC alongside LUNC in its burn mechanism. The community believes Binance burning USTC will help speed up the USTC repeg efforts by the Quant team and will also raise the value of LUNC.
Following the unsettling collapse of Terra in May 2022, the Terra Classic community is debating a new proposal aimed at restoring stability to its TerraClassicUSD (USTC) stablecoin. Central to the discussion is a proposition that nudges Binance, the world's largest cryptocurrency exchange, to burn 50% of its USTC trading fees.
In a significant turn of events within the Terra Classic community, a dedicated member named Vinh Nguyen has stepped forward to propose a solution to address the long-standing issue of accumulated technical debt within the Terra Classic L1 Task Force Q4 proposal. Nguyen's proactive approach has elicited a spectrum of reactions within the community, ranging from applause for his efforts to inquiries about the motives underlying this voluntary work.
Terra's community is looking for prolific ways to accelerate burns in the USTC repeg crusade.
“The core development team behind Terra Luna Classic, called the Joint L1 Task Force (L1TF), has outlined their plans for Q4, but the community is unhappy with their approach. There were technical problems with Q3 upgrades that affected Dapps and projects.
Terra Luna Classic core developer Joint L1 Task Force (L1TF) releases details on the Q4 development and maintenance plan for the chain. However, the community criticizes the L1TF for their approach for Q4 and upgrades that impacted Dapps and projects in Q3 due to technical issues.
Six Samurai are setting their sights on the embattled Terra Classic chain in the latest revival crusade.
They also talked about burning some of their own cryptocurrency, LUNC. This was all part of a plan to make sure the value of USTC stays close to $1.
The Terra Luna Classic community seeking crypto exchange Binance to extend support to burn USTC monthly, along with the current LUNC burn mechanism. A new proposal seeks to ask Terra Luna Classic's largest LUNC burner Binance to also burn USTC.
Members of the Terra Classic platform are currently deliberating multiple proposals, one of which directly addresses the recent surge in spam submissions, correlating with a drop in Luna Classic (LUNC) prices. A key proposal on the table proposes a fivefold increase in the minimum deposit requirement - from the current 1 million LUNC to 5 million LUNC.
Terra Luna Classic Price Prediction - LUNC crypto is maintaining its bearish outlook. It is lagging in the ongoing market recovery.
In a demonstration of unity and shared vision, the Terra Luna Classic Community has endorsed a proposal put forth by the L1 Terra Classic Task Force (L1TF) core developer group. This proposal, known as the v2.2.1 core upgrade, has garnered unanimous approval, showcasing the community's dedication to progress and innovation.
The Terra Luna Classic community has approved a major proposal to minimize “spam” proposals, which have increased significantly after a drop in LUNC prices in recent months. A new proposal is put up for voting to increase the minimum deposit amount from 1 million LUNC to 5 million LUNC.
LUNC has passed the proposal for its new update that will be pushed when total blocks reach 14,514,000. Buyers respond favorably, pushing its price upwards.
In a recent and highly significant development, the Terra Luna Classic chain has initiated a major upgrade to version 2.2.1, temporarily halting its operations to pave the way for a wave of exciting changes. These enhancements are set to make a substantial impact on the network, ushering in a new era of innovation and efficiency.
In a momentous development for the Terra Luna Classic ecosystem, Proposal 11766 has achieved resounding approval, thanks to the overwhelming support of its community. The proposal, submitted by the L1 Terra Classic Task Force (L1TF) core developer group, is set to usher in version 2.2.1 of the Terra Luna Classic blockchain.
