Thu, November 21

Terraform Labs to Begin Liquidation After Court Approval

Terraform Labs has received the green light from a U.S. bankruptcy court to begin winding down its operations following the resolution of a prolonged legal case with the U.S. Securities and Exchange Commission (SEC), according to reports from September 19.  The U.S. Bankruptcy Judge Brendan Shannon approved Terraform’s bankruptcy plan,

September 20, 2024 2 mins read

Terraform Labs Announces Bankruptcy Confirmation Hearing Date

Terraform Labs, the company behind the troubled TerraUSD stablecoin, is progressing through its Chapter 11 bankruptcy proceedings. The U.S. Bankruptcy Court has set a “confirmation hearing” for September 19, 2024, to evaluate the company’s proposed restructuring and liquidation plans for Terraform Labs Pte Ltd. and Terraform Labs Limited. On August

August 21, 2024 2 mins read

Binance Burns 1.7 Billion LUNC Tokens in Latest Burn Event

In Monday’s most recent burn event, crypto exchange, Binance, burnt 1.7 billion Terra Luna Classic (LUNC) tokens. The exchange has burnt over 62 billion LUNC so far, after the 23rd batch of the LUNC burn mechanism. According to the burn transaction that took place on July 1, Binance burnt 1.7

July 1, 2024 1 min read

Terra Luna Classic Community Proposes 12B LUNC and 68M USTC Burn

In order to deplete the supply, the Terra Luna Classic community proposes to burn 12 billion LUNC and 68 million USTC in contracts. Which include the Lido DAO rewards dispatcher. As part of the effort to revive and repeg to $1. The community has begun withdrawing LUNC and USTC from

June 29, 2024 2 mins read

Terra Luna Classic (LUNC) Community Finally Approves Tax2Gas Proposal

The proposal to integrate Tax2Gas, which eliminates the need to separate tax processing and computation, has finally been approved by the Terra Luna Classic (LUNC) community. According to StrathCole and Genuine Labs, Tax2Gas will combine the tax with gas, simplifying things for dApp developers and others. Members of the Terra

June 20, 2024 2 mins read

LUNC Community Approves Allocating Funds for Development Projects

There has been tremendous support for the Genuine Labs Community Spend Proposal from the Terra Luna Classic (LUNC) community. Nearly no one voiced opposition to the proposal, and it was approved with a 99.98% acceptance rate on June 3, 2024. It is anticipated that this vote will have a major

June 3, 2024 2 mins read

Terra Luna Classic Community Rejects Proposal to Raise Burn Tax to 1.5%

An initiative to raise the burn tax to 1.5 percent was shot down by the Terra Luna Classic community. Regular suggestions to change the burn tax, particularly to raise its amount, have been met with community members’ dissatisfaction. Members of the Terra Luna Classic (LUNC) community have spoken out against

May 30, 2024 1 min read

Crypto Exchange WEEX Joins LUNC Token Burn Initiative

Another cryptocurrency exchange has joined the Terra Luna Classic community’s token burn initiative in an effort to decrease the amount of LUNC in circulation. Similar to Binance’s 50% LUNC burn mechanism, Singapore-based crypto futures trading platform WEEX has pledged to burn 30% of LUNC trading fees. In a post on

March 14, 2024 2 mins read

LUNC vs BEFE: Which Altcoin is Forecasted to Reach $0.05 by Investors?

The ever-evolving cryptocurrency landscape throws up new contenders vying for a slice of the crypto market pie. Two altcoins currently capturing the attention of Crypto enthusiasts are Terra Classic (LUNC) and BEFE. While both these altcoins trade below $0.01, some analysts speculate that one of them has the potential to

March 5, 2024 4 mins read