![]() ![]() L1TF has revealed its plan of action for Q3, with expert developers Edward Kim and Superman returning back to the chain. The community and developer groups to focus particularly on reducing LUNC and USTC circulating supply in Q3. RedlineDrifter (RedlineDrifter) July 15, 2023 Make sure to read the Quant Teams Week 2 Update! Its been a busy week for us, with initial iterations of the tooling built and some initial modelling completed, we are in a strong position leading into week 3!LUNC USTC LUNC USTC DecentralisedMoney Joint L1 Task Force (L1TF) and Quant developer teams are working with Binance and other exchanges to repeg $USTC to $1, with the Quant team in direct discussion with Binance. Forecast and predict Terra Classic (LUNC) price over the next four years based on a fixed interest rate, and check out other opinions on price targets and. The crypto exchange has burned 35.58 billion LUNC in total, while the community has burned 69 billion LUNC. It has renewed the sentiment among members to revive LUNC and USTC to $1, taking inspiration from Binance CEO “CZ.”īinance burned 2.65 billion LUNC tokens in the 11th batch of its burn mechanism. The community reacted positively to Binance still holding LUNC tokens, committing to the development and revival of the Terra Luna Classic chain. Until today, the LUNA (now LUNC) tokens we received still sit on the address we originally received them on, never moved and never sold.”Īfter the May 2022 Terra-LUNA crisis, the Binance team asked CEO “CZ” whether to sell the tokens, he said “no, let’s just hold.”Īlso Read: Community Looks To Raise LUNC Gas Fees by 2x and Reduce Staking Undelegation Period Terra Luna Classic Community Reacts to Binance CEO Statement “we saw our initial $3M investment back in 2018 turn into $1.6bn at Terra’s 2021 peak, and then down to close to $0 in 2022. Binance currently supports the Terra Luna Classic community with monthly LUNC burns and committing to the revival roadmap. Binance CEO Changpeng “CZ” Zhao shared the crypto exchange’s key events and challenges in an official statement, in which he also disclosed that Binance invested $3 million in Terra (now Terra Luna Classic) and never moved or sold LUNC holdings. The token appears to have stabilized for now, and is trading at around 5. LUNA 2.0 had a fairly volatile launch, tumbling as much as 80 in the first few hours of trade on Saturday. ![]() Trading in the tokens will open on May 31. The coin’s founder Do Kwon said on Twitter on Tuesday he was about to present a recovery plan.#Binanceturns6 The world’s largest crypto exchange Binance has successfully completed six years of operations. But the token will be listed under Binance’s innovation zone, a trading platform for new, high-risk tokens. LUNA Futures trading offers seasoned cryptocurrency traders the ability to. As a result of corporate due diligence, as well as the latest news reports. Terra futures contracts is available for trading on the Binance Futures. Luna Foundation Guard, which backs terra, said on Monday it had deployed the equivalent of $US1.5 billion in cryptocurrencies to stabilise the coin. The worlds leading blockchain ecosystem and digital asset. Their peg to traditional currencies is meant to offer investors more certainty and security.īut terra and several other stablecoins are not backed by any revenue streams, instead relying on algorithms to rapidly move funds between cryptocurrencies as they rise and fall in value. Binance Delists the LUNA Crypto After Blockchain Halt These events have ultimately led the Terra team to halt all activity on the network’s blockchain. So-called stablecoins like terra are meant to be less volatile than cryptocurrencies such as bitcoin or ethereum. Terra, which is supposed to be pegged to the US dollar, has lost around half of its value this week, sparking panic in the already febrile world of crypto assets.Īt one stage terra was trading at 30 cents on Wednesday before recovering to around 50 cents, according to the CoinGecko website. 2wfc00loDs- Mike Novogratz January 5, 2022 Iâm officially a Lunatic!!! Thanks And thank you my friends at Smith Street Tattoos.
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