Binance Confirms Support For Terra Classic (LUNC) Upgrade v.1.1.0
The upgrade introduces features aimed at addressing Binance’s concerns about token burns.
Binance LUNC Burn Could Be Utility Moment For Terra Luna Classic
Binance reinstating its LUNC burn mechanism is the key moment for the Terra Luna Classic community. With Proposal 11367 officially passed, the blockchain will be halted at block 11,734,000 height. The halt is expected on February 28 at 5 PM EST or 10 PM UTC to implement the v1.1.0 upgrade.
Proposal Passed to Bring Back Binance LUNC Burns
Members of the Terra Classic community have passed a proposal that will guarantee the resumption of Binance LUNC burns. According to prominent LUNC influencer Classy, the Terra Classic community has passed the proposal to include optional features in the network v1.1.0 release.
Terra Classic( LUNC) Burns for the Week Exceed 6 Million
The latest Cremation Coin burn is the largest single LUNC burn transaction in three weeks.
Terra Classic Community Backs TerraCVita To Apply for Binance Industry Recovery Fund
The independent Terra Classic (LUNC) development group known as TerraCVita is putting into consideration applying for the Binance Industry Recovery Fund (IRF). Responses show that most LUNC community members want them to make the move.
Terra Classic Developers Consider Applying For Binance Industry Recovery Grant
TerraCVita, an independent development group working on the Terra Classic blockchain, may be on track to receive funding from Binance to support its development work on Terra Classic. The group recently sought the community’s opinion on seeking funds from the exchange.
Terra Luna Classic Community Votes On Key Proposal Returning Binance LUNC Burn
The Terra Luna Classic community’s main objective in February was to focus on returning the Binance LUNC burn mechanism. After Proposal 11310 by Terra Classic core developer Edward Kim was unanimously passed in January, the community moves swiftly to pass another key proposal.
Binance Likely to Resume Terra Classic Burns as Community Passes Key Proposals
All proposals addressing Binance concerns have crossed the pass threshold.
Over 5M Terra Classic (LUNC) Burned This Week
The Terra Classic (LUNC) community has not relented in its mission to reduce the asset’s circulating supply, as over 5 million tokens have been incinerated so far this week. Most of these tokens were incinerated by validator LUNC DAO and the recently-launched project Cremation Coin.
Another Critical Upgrade Would Hit Terra Classic Soon, Popular LUNC Developer Reveals
Recall that the price of LUNC lost momentum last week after the SEC sued Terra founder Do Kwon for multiple frauds. But investor interest in the crypto asset could record an increase as notable developments continue to roll into the project ecosystem.
Terra Classic (LUNC) To Welcome New Play2Earn Game by 2023 Q2
Garuda Nodes, a validator on the LUNC network is set to build more utility to the Terra Classic blockchain as well as support the top-ranked objective of the community-led project – LUNC burning.
New Play2Earn Game Coming On Terra Classic (LUNC)
Garuda the Protector, an upcoming play-to-earn (P2E) game project, will launch on the Terra Classic blockchain in the second quarter of this year. The move is expected to introduce more utility to the network on its journey to revival.
TerraCVita Mulls New LUNC-backed Stablecoin in Response to Binance’s CZ AMA
Independent Terra Classic development group TerraCVita recently discussed the possibility of creating a new algorithmic stablecoin for the Terra Classic chain that could, among other things, burn Terra Luna Classic (LUNC) faster.
Terra Classic Market Cap Drops Below $1 Billion As SEC Formally Charges Do Kwon
Terra Classic (LUNC), the original chain of the collapsed Terra (LUNA) ecosystem, is experiencing a capital outflow after the United States Securities Exchange Commission (SEC) formally charged founder Do Kwon.
South Korea Plans A Key Arrest Relating To Terra (LUNA) Crisis
Recently, South Korean prosecutors filed an arrest warrant for the former CEO of an e-commerce giant, TMON, who was identified as ‘Mr. A’. A local news outlet, Dong-AIlbo, reported this recent move from the Seoul Southern District Prosecutor’s Office.
Ed Kim Introduces Signal Proposals To Bring Back Binance LUNC Burns
In a tweet yesterday, Terra Classic core developer Edward Kim introduced three signal proposals to the community from the Joint L1 Task Force.
Over 3.5 Billion Terra Classic Staked in a Day
The development brings the percentage of supply staked to an impressive 14%.
TFL Postpones Terra Classic Shuttle Bridge Sunset Date
The move extends the deadline for holders of wrapped assets to bridge back to the classic chain.
Terra Classic Upgrade To Go Live; How Will Lunc React?
Upgrade v1.0.5, which will pave the way for the resumption of the Terra Classic (LUNC) token burning of the cryptocurrency trading platform Binance, is scheduled for launch on February 14, as a development that could positively influence the price of LUNC in the short term.
New Poll Shows Many Terra Classic Members Don’t Believe LUNC Will Hit $1 By 2043
Many Terra Classic community members do not believe LUNC will hit $1 in 20 years.
