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Terra Classic (LUNC)
Binance Burns 2.65 Billion Terra Classic ($LUNC) Tokens in 11th Token Burn
- Francisco Memoria
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- 4 Jul 2023
Leading cryptocurrency exchange Binance has burned a total of 2.65 billion Terra Classic ($LUNC) tokens in its 11th token burn event, effectively reducing the cryptocurrency’s circulating supply. LUNC investors cheered the transaction with buy orders, leading to a small price uptick. The cumulative amount of LUNC tokens torched by Binance now towers at a staggering […]
Binance Burns 1.04 Billion Terra Classicc ($LUNC) Tokens in Latest Burn Event
- Francisco Memoria
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- 2 Jun 2023
Leading cryptocurrency exchange Binance has recently burned a total of 1.04 billion tokens of Terra Classic ($LUNC), effectively making the 10th burn as part of the LUNC burn mechanism, which to date has seen a total of nearly 33 billion LUNC get burned. This latest burn, covering the period from April 30 to May 30, […]
Terra Classic ($LUNC) Community Considers Proposal to Stabilize $USTC with a New Mechanism
- Francisco Memoria
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- 28 Apr 2023
In an effort to re-peg TerraClassicUSD (USTC) to the dollar, the Terra Classic (LUNC) community is once again mulling over a new proposal, submitted by an individual known as Redline Drifter. The proposal involved a mechanism that includes divergence fees on USTC trades that deviate from the peg. These collected fees would, according to proposal […]
Crypto Community Terra Classic Price Prediction Expects $LUNC Surge 200% in February
- Francisco Memoria
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- 8 Feb 2023
The cryptocurrency community is predicting that the price of Terra Classic ($LUNC) will surge by over 200% this month to trade at $0.0005518 per token, as the community behind the cryptocurrency is making several developments to help it recover. According to CoinMarketCap’s price estimate feature, which saw over 1,200 users vote on their predictions for the month […]
Terra Classic ($LUNC) Price Surges After Adopting Proposal to ‘Re-Peg USTC’
- Francisco Memoria
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- 4 Feb 2023
The price of Terra Classic ($USTC) has surged after its community approved the Terra Classic 11324 proposal to “Re-Peg USTC With LUNC,” which describes a way for the community to help $USTC’s price reattain its peg. According to the proposal, $USTC having a stable price is critical for the Terra Classic network to “generate meaningful […]
Binance to Support Terra Classic ($LUNC) Upgrade Dropping Seigniorage Rewards
- Francisco Memoria
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- 14 Jan 2023
Leading cryptocurrency exchange Binance has announced it will support the latest Terra Classic ($LUNC) network upgrade, which is set to take place at epoch 15,029, and will set seigniorage rewards on the network to 0%. According to an announcement the cryptocurrency exchange published, deposits and withdrawals for $LUNC, $USTC, and $ANC via the Terra Classic […]
Altcoins Terra (LUNA) Terra Classic (LUNC)
Binance Announces Completion of Second Round of Terra ($LUNA) Airdrop to $LUNC and $USTC Holders
- Francisco Memoria
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- 23 Dec 2022
Leading cryptocurrency Exchange Binance has announced it completed the distribution Terra’s ($LUNA) second airdrop to eligible users who held Terra Classic ($LUNC) and TerraClassicUSD ($USTC) at the time of the snapshots both before and after the collapse of the Terra ecosystem in May. According to an announcement the exchange published, the snapshots were on May […]
Terra Classic Price Predictions See $LUNC Double by End of November
- Francisco Memoria
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- 10 Nov 2022
Price predictions made by the cryptocurrency community have revealed investors expect the price of Terra Classic ($LUNC) to double by the end of November and to surge by around 800% until the end of the year. According to CoinMarketCap’s price estimates feature, the cryptocurrency community sees $LUNC end the year at $0.001583 per token, up […]
Binance Burns 2.5 Billion Terra Classic ($LUNC) Tokens As Community Lowers Burn Tax
- Francisco Memoria
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- 19 Oct 2022
Leading cryptocurrency exchange Binance has revealed that in its third batch of Terra Classic ($LUNC) tokens burns it has destroyed 2.5 billion tokens, permanently removing them from circulation in a single transaction. According to information from Binance’s pages, at the time of the burn, the $LUNC tokens were worth nearly $660,000 and were burned as […]
$LUNC: Binance Adds Terra Classic’s $USTC to Borrowable Assets List
- Francisco Memoria
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- 15 Oct 2022
Leading cryptocurrency exchange Binance has announced that Terra Classic’ TerraClassicUSD ($USTC) to its list of borrowable assets, effectively making it an asset the exchange’s millions of users can borrow to use in their trading activity. According to Binance’s announcement, $USTC is now available on the cryptocurrency exchange’s Binance Loans platform, which “ provides a large range […]
Terra Classic ($LUNC) Community Creates Petition to Get Listed on Coinbase
- Francisco Memoria
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- 12 Oct 2022
The community behind the collapsed Terra ecosystem, which has since rebranded to Terra Classic ($LUNC), has created a petition asking Nasdaq-listed cryptocurrency exchange Coinbase to list its token. The petition, which at the time of writing has slightly less than 3,00 0signatures, calls for Coinbase to list LUNC as it is “quickly regaining its position […]
$LUNC: TerraClassicUSD ($USTC) Price Jumps Over 90% Over Reg-Peg Proposal
- Francisco Memoria
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- 12 Oct 2022
The price of the Terra ecosystem’s algorithmic stablecoin that collapsed in May of this year, TerraClassicUSD ($USTC), has surged by over 90% over the past few days after a blockchain engineer submitted a proposal for it to be re-pegged to the U.S. dollar. The original Terra ecosystem collapsed earlier this year and later rebranded to […]
Terra Classic Price Prediction: Crypto Community Sees $LUNC Surge 570% by Year End
- Francisco Memoria
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- 8 Oct 2022
The cryptocurrency community is seemingly expecting the price of Terra Classic ($LUNC) to surge over 570% by the end of the year, presumably over the network’s 1.2% tax burn on all transactions that is supported by leading exchange Binance. According to CoinMarketCap’s price estimates feature, the cryptocurrency community sees $LUNC end the year at $0.001978 […]
$LUNC: CZ Says Binance Has Already Burned Over $1.8M Worth of Terra Classic ($LUNC)
- Siamak Masnavi
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- 3 Oct 2022
On Monday (October 3), CZ, Co-Founder and CEO of Binance, announced the amount of $LUNC Trading Fees that had been burned in batch 1, which was for the period September 21 to October 1 (inclusive). As Binance Research explained in an article published on 31 May 2022, Terra Classic, which was rebranded from Terra, is “a public […]
Terra Classic ($LUNC) Will ‘Nuke to Hades’, Says Popular Crypto Analyst
- Francisco Memoria
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- 30 Sep 2022
A widely-followed cryptocurrency trader and analyst has revealed they believe that the price of Terra Classic ($LUNC) is set to “nuke to hades eventually” while predicting a short-term rally in the near future. According to the pseudonymous cryptocurrency analyst Altcoin Sherpa, Terra Classic isn’t a position he would take for the long-term, although he sees […]
Crypto Whale Who Won Bet Terra’s Collapse Reveals Massive Short Against Terra Classic ($LUNC)
- Francisco Memoria
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- 15 Sep 2022
A popular cryptocurrency whale known as Gigantic Rebirth on the microblogging platform Twitter has revealed a massive bet of around $8 million against Terra Classic ($LUNC). Terra Classic is the rebranded version of the original Terra ecosystem, which collapsed earlier this year. Gigantic Rebirth, known as GCR on Twitter, announced the position against the cryptocurrency […]
