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According to an update by the official Twitter address of the LUNCBurnArmy, Terraform Labs has confirmed that the submitted earlier Pull Request (PR) to birth the LUNC/USTC swap pair will be merged. Next Steps According to the update shared by the LUNCBurnArmy, the Station release to bring alive the upgrade is set to be updated
The Terra Luna Classic community moving swiftly on various fronts to revive the Terra Luna Classic ecosystem as well as LUNC and USTC to $1. However, conflicts of interest between developers and groups, low community pool balance, and delisting and lack of support from crypto exchanges are increasing challenges for the blockchain and impacting prices.
The Terra Classic (LUNC) community may soon welcome the much-awaited LUNC/USTC swaps on TerraSwap as Terraform Labs have agreed to work on the Pull Request (PR) to make the integration possible. Stirring a Needed Change The Terra Classic community has been advocating for LUNC/USTC swaps to be implemented for a few weeks now.
In a recent development, it has been reported that Do Kwon, co-founder of Terra and his associates, has withdrawn a significant amount of Bitcoin linked to the Luna Foundation Guard (LFG).
Terraform Labs (TFL) and co-founder Do Kwon have moved Bitcoin and other crypto assets worth millions in the last few months. The remaining 5,292 Bitcoins linked to the Luna Foundation Guard (LFG) and Do Kwon also moved to another crypto wallet earlier this week, reported South Korean news media on July 5.
Terraform Labs CEO Do Kwon has made a huge transfer of 5,292 Bitcoins (BTC) from his encrypted wallet to an
Terra Luna Classic's developer group Joint L1 Task Force introduces a bug bounty program. The move invites security researchers, ethical hackers, and developers to identify, report, and (or) fix possible vulnerabilities within the blockchain. The J1TF will use donations from the cryptocurrency community to fund the bounty rewards and incentives.
Digital Asset reports that Terraform Labs CEO, Do Kwon transferred 5292 BTC (approximately $163 million) from a Luna Foundation Guard (LFG) Binance wallet to a new anonymous wallet on July 3rd.
In a groundbreaking development that has sent shockwaves throughout the crypto market, Binance, the world's largest cryptocurrency exchange, has recently completed its 11th round of token burn, torching a staggering 2.65 billion Terra Classic (LUNC) tokens. This momentous event marks a significant milestone, as the total number of LUNC tokens burned by Binance now exceeds a remarkable 35.5 billion, while the community's combined burn surpasses an astonishing 68 billion.
Terra Luna Classic community-supported core developer group Joint L1 Task Force (L1TF) proposed a bug bounty program inviting security researchers, ethical hackers, and developers to identify and report vulnerabilities in the Terra Luna Classic network. The bounty will be provided solely from funds LITF received from the community.
In a bold move by the Terra Classic (LUNC) community, a proposal has been floated to establish a central authority to end ongoing internal discord. Changpeng Zhao, the CEO of the global crypto exchange Binance, is the nominee for this newfound leadership role.
Leading cryptocurrency exchange Binance has burned a total of 2.65 billion Terra Classic ($LUNC) tokens in its 11th token burn event, effectively reducing the cryptocurrency's circulating supply. LUNC investors cheered the transaction with buy orders, leading to a small price uptick.
The Terra Luna Classic community pool balance has reached a critical level due to the approval of three community pool spending proposals. The funds have significantly decreased from 2.37 billion LUNC to a mere 416 million LUNC.
Decoupled from the roller coaster market sentiment, the Terra classic coin showcased a sideways trend of uncertainty in June. While a majority of major cryptocurrencies witnessed a bloodbath in June month's first half and recovery in the second, the LUNC price strictly resonated between a downsloping trendline and $0.000082 support.
In a significant move to demonstrate its dedication to token reduction, Binance recently completed its 11th Terra Classic (LUNC) token burn. This burn involved a substantial amount of 2.65 billion LUNC tokens, further solidifying Binance's commitment to reducing the token supply.
The largest cryptocurrency exchange in the world, Binance (check out its review here), has carried out its 11th LUNC burn round in an effort to reduce the supply of Terra Classic (LUNC) tokens, resulting in the destruction of 2.65 billion LUNC tokens. With this most recent burn, Binance has now burned more than 35.
Terra LUNA Classic (LUNC) price is underperforming once again. Most altcoins have been surging for the last couple of days due to a slight decrease in Bitcoin dominance.
LUNC News: Terra Luna Classic community pool balance has dropped to a critical level as the community passed three community pool spending proposals. With the funds dropping from 2.37 billion LUNC to just 416 million LUNC, the community doesn't have enough funds to pay for any more development and maintenance of the chain.
In a recent move to address the supply dynamics of Terra Classic (LUNC) tokens, Binance, the world's largest cryptocurrency exchange, has executed its 11th token burn event. This initiative resulted in the destruction of a substantial 2.65 billion LUNC tokens, marking a significant reduction in the overall supply.
The Luna Classic burn mechanism works by automatically burning tokens whenever a transaction occurs on the network.
The world's largest crypto exchange Binance burns 2.65 billion Terra Classic (LUNC) tokens in the 11th batch of the LUNC burn mechanism. The LUNC burned by the crypto exchange to date reaches more than 35.5 billion, with total burn by the community surpassing 68 billion LUNC tokens.
These cryptos to sell are running out of time and heading toward zero as multiple negative factors conspire.
The Terra Luna Classic community pool spend proposal submitted by core developer Joint L1 Task Force (L1TF) for chain developments and maintenance in Q3 is officially passed by the community. The LITF developer group primarily plans to enhance and expedite LUNC and USTC supply reduction by utilizing the market module.
The Terra Classic community completely turned down the proposal to form the Terra Allies team of 6 senior engineering full-stack developers known as “Six Samurai“. While the community members agreed with innovative L1 and L2 developments shared in the $116,000 three-month spend proposal, most voted “No with veto“.
