According to Rex, the project’s primary objective is to attract investments into LUNC and simultaneously expedite burns.

The developer, highlighting perceived risks, believes that the chain is recording general improvements.

The crypto community is welcoming the much needed LUNC staking started by KuCoin. The crypto exchange is back with the LUNC staking service after it delegated 48 billion LUNC in January 2023. With its entry back on the LUNC chain as a validator, KuCoin will enjoy voting power of 5.09% thanks to the 47.9 billion $LUNC delegated.

KuCoin, a top crypto exchange based in Seychelles, has once again become a Terra Classic validator and registers its prominence in the fast-growing community with a whopping amount of staked LUNC tokens.

Node hosting provider Allnodes has released a transparency report detailing its voting power statistics for Tendermint blockchains to respond further to concerns about its operations, particularly regarding the Terra Classic chain.

The Terra Classic community in total burned over 226 million LUNC tokens in January, maintaining balance as crypto exchange Binance temporarily suspends its LUNC burn mechanism until March.

The latest incineration exercise brings Terra Casino’s total burns to 63M+ LUNC in under three months.

Binance, the world’s largest exchange by 24-hour trading volume, has announced support for the upcoming Terra Classic network upgrade from its current v1.0.4 to v1.0.5.

The world’s largest crypto exchange Binance on Monday announces support for Terra Classic (LUNC) upgrade.

The proposer, Duncan Day, will dialogue with the Terra Classic Joint Layer 1 (L1) Task Force on how to execute the numerous action plans outlined in the Signal proposal to re-peg USTC, a Twitter update from Wu Blockchain disclosed.

Luna Classic (lunc) is up 20% in the last 24-hour trading period and has risen to its highest price point since November, according to data from CoinGecko.

The community is split on who Gadikian and Notional Labs are in contract with.

Terraport, the Terra Classic layer 2 decentralized finance project, powered by the independent LUNC development team – TerraCVita – promises to be very instrumental to the growth of Terra Classic network.

Terra Classic (LUNC) and TerraClassicUSD (USTC) have staged respective rallies following Binance’s decision to finally remove the warning labels attached to them on the platform. Binance had attached the warning labels in the wake of the Terra collapse and Do Kwon’s troubles with South Korean authorities.

Terraport, the recently-introduced DeFi platform on the Terra Classic network, has once again confirmed the numerous benefits it will bring to the LUNC token, including the incineration of LUNC with every transaction and an increase in on-chain volume.

Terra Classic project Cremation Coin burned 16,455,507 LUNC tokens on Tuesday. With the latest burn, the newly launched project has burned over 28.6 million LUNC tokens in less than a month. Validators and projects running on the Terra Classic network commit to burn millions of LUNC tokens after crypto exchange Binance temporarily suspended its LUNC burn mechanism until March.

The latest burn brings Cremation Coin’s total burns to 28.6M LUNC in less than a month.

According to Edward Kim, the lead developer at the LUNC L1 Joint Task Force, ensuring the security of the Terra Classic network is the ultimate priority. This he said, not undermining the fact that there are other potential risks associated with the current working pattern of the top LUNC validator, Allnodes.

The most recent significant transaction involved the incineration of 2.1M tokens by LUNC DAO.

Allnodes has announced a non-custodial node management service directly available for all Cosmos chains.