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Terra LUNA Classic (LUNC) has recently become a hot topic in the cryptocurrency world due to its notable price movements and strategic burn programs to reduce its token supply. After experiencing a rollercoaster ride in 2022, during which LUNC soared to highs above $100 before plummeting to much lower levels, it again grabbed the spotlight.
Recent efforts within the Terra Luna Classic community focus on upgrades, burning initiatives, and advancements in staking to enhance utility and generate cash flow. Dedicated developer groups are actively addressing these requirements.
Amid the Terra Luna Classic community push for upgrades, burn, and staking developments, utility and cashflow are major requirements that some dedicated developer groups working on. Recent developments including the launch of the Tritium Bridge could return utility to the chain, claims validator VegasMorph.
The Terra Classic community has voted in favor of a proposal to burn 800 million USTC through contract migration, marking a pivotal governance decision.
USTC makes a price leap following the approval of a proposal to burn 800 million tokens.
Cosmos blockchain developer group has announced a major upgrade proposal to enhance the functionality and interoperability of the Terra Luna Classic chain. Genuine Labs' security upgrade packages include strategic upgrades to Cosmos SDK, Ibc go, and Wasmd, improving and optimizing the components.
The Terra Luna Classic (LUNC) community has witnessed a significant development as Proposal 12073, aiming to burn 800 million USTC through Contract Migration, has been officially approved after a period of intense debate. This decision has triggered a remarkable 25% surge in the USTC price, reaching $0.04055.
The Terra Luna Classic community has approved a proposal to burn 800 million USTC tokens after extensive deliberation. This decision allows the community to move forward with the burn process.
LUNC News: Terra Luna Classic proposal to burn 800 million USTC is passed by the community, enabling the community to proceed with the burn after much debate. USTC price has skyrocketed 25% today, but pared some gains in the last few hours.
The Tax2Gas proposal aims to streamline the handling and calculation of taxes on Terra Classic by incorporating the tax directly into gas fees. This approach eliminates the need for separate tax handling processes.
Terra Luna Classic community votes on the key Tax2Gas proposal, which major step in the revival of LUNC and repeg USTC to $1. The proposal seeks implementation of the Tax2Gas approach on Terra Classic in collaboration with popular developer StrathCole and developer group Genuine Labs.
Terra Luna has proposed a governance discussion proposal to establish deep stablecoin and Cosmos (ATOM) token liquidity on Terra. The proposal is in line with Terraform Labs chief executive officer (CEO) Chris Amani's plan to have the deepest stablecoin liquidity in Cosmos, becoming the only ecosystem that has “defi-sufficient” liquidity for both Cosmos and non-Cosmos
As Per the latest news, Terra Luna Classic's L1TF developer, Vinh Nguyen, has forked the Osmosis test tube to enhance Astroport functionality and test upcoming upgrades, including an 800 million USTC burn. This development aims to fortify the Terra Classic ecosystem and positively impact LUNC and USTC prices.
LUNC News: A former Joint L1 Task Force (L1TF) developer, along with other developers and Terra Luna Classic validators, has started working on 800 million USTC burn to reduce the circulating supply of stablecoin by burning balance in a contract, according to the latest detail. Terra Luna Classic Starts Testing 800 Mln USTC Burn The
The Terra Luna Classic token burn campaign has destroyed 95.19 billion tokens since May 13, 2022. That represents a crucial milestone and the community's dedication to reducing LUNC's circulating supply. Meanwhile, Binance, which has supported Terra initiatives, massively contributed to this development, destroying over 50B LUNC coins.
The Terra Luna Classic community's LUNC burn campaign has reached 95 billion LUNC since May 2022. This is another milestone in the community's efforts to reduce the circulating supply of LUNC.
Terra Classic community has successfully executed the burning of over 700 million LUNC and 230,000 USTC tokens. This move forms a part of the broader strategy to restore the Terra Classic (LUNC) and TerraUSD Classic (USTC) after their notable collapse over 20 months ago.
The Terra Classic Community recently had something to cheer about following revelations about the amount of LUNC and USTC token burns that were carried out in the past week. During that period, a significant amount of LUNC and USTC tokens are said to have been burned, something which could positively affect the crypto tokens' prices.
Holder alert: Terra Classic trading to be suspended on Crypto.com, according to the email sent to American clients.
The core developer of Terra Luna Classic, L1TF, has shared plans for a significant security upgrade to enhance the overall security and stability of the platform. This move comes in response to the security concerns raised by the Terra Luna Classic community.
Terra Luna Classic core developer L1TF has announced a core security upgrade package to address the security risks and other concerns of the Terra Luna Classic community. The upgrade of core components will improve security and stability of the chain.
8M USTC burn proposal dismissed: Terra Luna Classic community decides to cease fire, aiming to provide liquidity for new projects.
LUNC News: Terra Luna Classic community has now rejected three USTC burn proposals, as a proposal to burn all USTC in the community pool failed to convince the community that it's a prudent course of action. The move comes amid the renewed narrative to burn 800 million USTC from Risk Harbor Multisig Wallet, which sits
The world's largest crypto exchange Binance burned 5.57 billion Terra Luna Classic (LUNC) tokens in the 17th batch of the LUNC burn mechanism. The total LUNC burned by the crypto exchange to date reaches more than 49 billion, 53% of the total tokens burned by the Terra Luna Classic community.
