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Terra Luna Classic core developer team Joint L1 Task Force (L1TF) on Monday said they are moving ahead with Q3 development plans, sharing the completion status for tasks in Q2. Developer teams to primarily work on USTC stablecoin repeg in Q3, while also working on major upgrades and reducing LUNC and USTC circulating supplies.
The value and popularity of TerraUSD Classic, or USTC, the algorithmic stablecoin of the Terra Classic (LUNC) ecosystem, have skyrocketed recently. Today, the stablecoin makes a surprise rally, sparking a great deal of interest among investors and cryptocurrency aficionados.
TerraUSD Classic (USTC), the algorithmic stablecoin of the Terra Classic (LUNC) ecosystem is on a parabolic run today, showcasing a massive resurgence in interest for the stablecoin. The TerraUSD Classic Run According to data from CoinMarketCap, the TerraUSD Classic stablecoin is up by 25.48% over the past 24 hours to $0.01624.
LUNC News: The Terra Luna Classic community making several efforts to revive LUNC and repeg USTC to $1 through burns, staking, and relying on developers to bring back utility and gain support from the wider crypto community. Crypto exchange Binance and CEO “CZ” support the Terra Luna Classic community by committing to burn LUNC spot
Terra Luna Classic's core developer group, the Joint L1 Task Force (L1TF), recently released its Q2 status update, shedding light on the ongoing work and future plans for the project. As the community eagerly anticipates a shift in focus towards reducing the circulating supply of LUNC and USTC in Q3, concerns have been raised regarding the participation of validators in the LUNC burn campaign.
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.
LUNC News: Terra Luna Classic proposal for the TerraClassicUSD (USTC) incremental repeg modeling and simulation is up for voting. The initial voting indicates that the community supports the proposal and the Quant team developers, who will work on USTC repeg to $1.
Terra Classic and the entire Terra Ecosystem have experienced dreadful days ever since the tokens crashed due to a failure of their algorithm. This led to a massive crash within the markets, and the ripple effects have continued to prevail until now.
LUNC News: Terra Luna Classic core developer teams set things straight to move forward with Terra Classic ecosystem revival. The Joint L1 Task Force and RedlinerDrifter-led Quant developer teams have decided to proceed with TerraClassicUSD (USTC) repeg to revive USTC to $1, which will indirectly help boost LUNC price to the community's target of $1.
Terra Luna Classic core developer Joint L1 Task Force (L1TF) finally decided to work on the USTC repeg to revive TerraClassicUSD (USTC) price to $1. As revealed earlier by the developer group, the L1TF team will work with the RedlineDrifter-led USTC repeg team after the v2.1.1 parity upgrade to bring attention to USTC stablecoin.
A recent community-driven development within the Terra Classic (LUNC) sphere could be a significant step towards aligning TerraClassicUSD (USTC) back to its original $1 peg. The decisive initiative, ushered in by the L1 Team, intends to establish an experimental environment that would simulate conditions necessary for a successful USTC re-alignment.
Terra Classic (LUNC) core developer team Joint L1 Task Force (L1TF) plan to work on TerraClassicUSD (USTC) repeg to $1 after the v2.1.0 parity upgrade is approved by the Terra Classic community. After completing the CosmWasm parity upgrade on June 14, the LITF will use a small portion of its budget to set up a
LUNC community tests USTC repeg: key ideas to be put in practice.
Terra Classic core developer team Joint L1 Task Force (L1TF) announces plans to work on TerraClassicUSD (USTC) repeg to $1 after completing the CosmWasm v1.1.0 parity upgrade. The L1TF with work with the USTC repeg team to set up a USTC test environment to focus on building the infrastructure required to successfully repeg USTC to
In one of the most catastrophic events to ever hit the crypto industry, the prominent algorithmic stablecoin TerraClassicUSD (USTC) – formerly UST – became depegged from the US dollar around a year ago. As a result, the Terra ecosystem crumbled, leading to uncontrolled minting and supply of Terra Classic (LUNC) tokens.
Terra Classic price is again in rounds as an attempt to stabilize its popular algorithmic stablecoin, USTC has surfaced. The recent proposal called the ‘Redlinedrifter' aims to revive the Terra ecosystem by restoring the USTC peg.
Almost 12 months back, terrausd (UST), an algorithmic stablecoin, suffered a detachment from the U.S. dollar, causing the Terra ecosystem to crumble shortly thereafter. At present, supporters of the Terra Classic blockchain community are deliberating on a plan to revive the ecosystem by re-establishing the once-stable token's peg with the U.S. dollar.
The Terra Classic community is considering bringing back the failed terraUSD Classic (USTC), which collapsed last year. Terra Classic is the original network created by Terraform Labs and has been operating independently as a blockchain.
LUNC News: The massive community that supported the defunct altcoin Terra Luna Classic (LUNC) and its broken stablecoin Terra Classic USD (USTC) is currently attempting to bring the network back to its original game plan. Terra, formerly a prominent blockchain that intended to compete with Ethereum (ETH) and stablecoins like USDT and USDC collapses in
In an effort to re-peg TerraClassicUSD (USTC) to the dollar, the Terra Classic (LUNC) community is once again mulling over a new proposal, submitted by an individual known as Redline Drifter. The proposal involved a mechanism that includes divergence fees on USTC trades that deviate from the peg.
A fresh & innovative proposal to repeg USTC received praise among LUNC community, but how likely is it really?
After reports made rounds that Binance had adopted a trading pair with USDT, the price of the Terra Classic USD stablecoin, commonly known as USTC, went up by 12%.
Terra seems to be recovering amid a t Binance trading pair listing. Terra which has had a not-so-pleasant near past is up 5% in 24 hours.
The world's largest crypto exchange Binance on Thursday announced it has added Conflux, Stacks, and TerraClassicUSD trading pairs amid rising demand for these cryptocurrencies. According to a announcement on March 9, Binance will open trading for new pairs of Conflux (CFX), Stacks (STX), and TerraClassicUSD (USTC).
