ClassyCrypto, the operator of the Terra Luna Classic validator Classy’s Sphere, hopes that by burning billions of LUNC tokens, he will restore validator burns and put the LUNC price back up to $1. ClassyCrypto has declared that, until the end of the year, it would spend all of its validator’s
The Joint L1 Task Force (L1TF), a group of community-backed core developers for Terra Luna Classic, has suggested a bug bounty program to reward those who discover and responsibly disclose flaws in the system. The reward will be paid entirely out of donations to LITF made by the general public.
The community pool fund at Terra Luna Classic has reached a dangerous low after three expenditure requests were approved by the community. The community no longer has enough money to pay for the further growth and upkeep of the network after seeing their total funds fall from 2.37 billion LUNC
Binance has completed the eleventh batch of the LUNC burn mechanism, burning 2.65 billion Terra Classic (LUNC) coins. So far, the crypto exchange has burnt over 35.5 billion LUNC, while the community as a whole has burned over 68 billion LUNC. The recent burn by Binance instantly elicits a 3%
In Q3, the Joint L1 Task Force (L1TF), which is responsible for developing the basic infrastructure of Terra Luna Classic, submitted a new proposal to continue the network’s development and maintenance. The L1TF development team primarily aims to use the market module to improve and speed up LUNC and USTC
Binance, the largest cryptocurrency exchange in the world, said on Wednesday that it would support the major v2.1.1 update to the Terra Classic (LUNC) network after its users voted in favor of Proposal 11561. It will make the blockchain competitive with other Cosmos chains like Terra 2.0. As a result,
In an exciting turn of events, Terra Classic (LUNC) has demonstrated remarkable resilience against building selling pressure, leading to a substantial recovery in its value. At the time of writing, the cryptocurrency experienced a notable surge, with LUNC trading up over 4% at $0.0000953. This surge also marks a significant
Staking in Terra Luna Classic (LUNC) has achieved a new record high of 1 trillion. Since last year, when a team of developers lead by professor Edward Kim introduced staking to Terra Classic, the community has been patiently waiting for this momentous accomplishment. Around a trillion LUNC, or roughly $100
Terra Classic (LUNC) reawakens in trend and marks a change in its trajectory in the crypto market. Remarkably, the 30% surge by LUNC on Sunday initiated the community’s bullish hype. Besides this, the cryptocurrency attained the max peak in terms of its 24-hour trading volume in the past four months.
The proposal for the upgrade to v2.1.0 of Terra Classic was issued by the Joint L1 Task Force (L1TF) for debate and evaluation on Commonwealth. Since the Terra Classic community gained control of the blockchain in May of last year during the Terra-LUNA dispute, this is one of the most
