Coin exchange rate
🌖 $0.5894 (+0,48%) 📈

🪙 $40,122.16 (+0.11%)📈

Coin exchange rate
🌖 $0.6523 (+0,48%) 📈

🪙 $41,523.40 (+3.38%)📈

🌖 Terra Luna Classic ICA Controller Parameter Proposal Passed

Proposal 12005 “Consistently set ICA Controller Parameter” has successfully surpassed the pass threshold and received major support from the community. The proposal deadline is January 28.

The proposal has received 99.97% “Yes” votes, indicating unanimous support from the community. It also received No, No with veto, and Abstain votes, which surprised many key members of the community. Among the validators who participated, all 47 voted in favor of the proposal. These include Orion, Interstellar Lounge, Stakely, and Luna Station 88. Allnodes, a validator with 16% voting power, has not voted yet on the proposal.

CoinGape earlier reported that the proposal aimed at setting the parameters of the ICA Controller module of Terra Classic to “enable”. The internal storage of the module is currently inconsistent due to a network glitch, preventing developers from exporting the state of Terra Classic into a genesis.json file. It is crucial for developers when they work on testnets for upgrades.

Coin exchange rate
🌖 $0.6521 (+0,51%) 📈

🪙 $42,431.20 ( +1.84% )📈

🌖 LUNC and USTC Price Performance

Terra Luna Classic (LUNC) and USTC prices witnessed a significant jump after L1TF security upgrade package went live for voting. However, the prices have again tumbled before the expiry.

LUNC price fell 3% in the last 24 hours, with the price currently trading at $0.0000924. The 24-hour high and low are $0.0000915 and $0.0000964, respectively. Meanwhile, trading volume remains down at nearly 40% in the last 24 hours, indicating low interest among traders.

Moreover, USTC price also soared over 3%. The price is currently trading at $0.02374, with a 24-hour high and low of $0.0222 and $0.02403, respectively.

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

Coin exchange rate
🌖 $0.6423 (-1,89%) 📉

🪙 $42,431.20 ( +1.84% )📈

🔥🌖 Terra Luna Classic Hits Milestone: Over 1 Billion LUNC Tokens Burned

Terra Classic’s native token, LUNC, trades at $0.00009967, experiencing a marginal 0.67% dip in the past 24 hours. However, the community has initiated a bold strategy to propel LUNC’s value to $0.01, backed by a significant token burn.

Coin exchange rate
🌖 $0.6126 (-4,78%) 📉

🪙 $42,844.30 (-1.31%  )📉

🌖 What’s Next For LUNC’s Price?

While the Terra Classic community focuses on lowering the number of tokens, some experts think a path to $0.01 is being set. LUNC is still selling above the $0.0001 level, with a price of $0.0001004. But a 9,860% rise would be needed to get to $0.01. Even though there are problems, the group is still dedicated to the cause, as LUNC burns recently reached a new level of success. The 5.78 trillion tokens already circulating are still a big problem. The crypto future looks bright thanks to the progress made and the coming changes.

Coin exchange rate
🌖$0.5969 (-3.81%) 📉

🪙 $42,137.72 (-2.07%  )📉

🔥🌖 Terra Luna Classic (LUNC) Burn Hits 95 Billion Threshold

Since May 2022, the LUNC burn campaign within the Terra Luna Classic community has surpassed 95 billion LUNC. The community’s efforts to decrease the amount of LUNC circulating have reached another milestone. By far, Binance has contributed more than 51.7% of the total burn, or about 50 billion LUNC.

By transferring billions to the burn address every month as part of its LUNC burn mechanism, Binance has added more than 51% to the overall LUNC burn. For the 17th round of the LUNC burn mechanism, Binance burnt 5.57 billion tokens. Up to this point, the crypto exchange has burnt over 50 billion LUNC.

Coin exchange rate
🌖$0.6151 (-0.69%) 📉

🪙 $43,066.35 (-0.10%)📉

🌖 Terra Luna Classic (LUNC) Burn Nears 100 Billion As Binance Incinerate 2.1 Mln Tokens

The world’s largest crypto exchange Binance burned 2.1 billion Terra Luna Classic (LUNC) tokens in the 18th batch of the LUNC burn mechanism. The total LUNC burned by the crypto exchange to date reaches over 50 billion, which is 52.4% of the total tokens burned by the Terra Luna Classic community.

LUNC burn is a collaborative effort by the Terra Luna Classic community to remove LUNC tokens from the circulating supply. The burn campaign is already near the 100 billion LUNC landmark.

Coin exchange rate
🌖$0.6294 (+2.75%) 📈

🪙 $42,746.60 (-0.66%)📉

🌖 Terra Classic Ecosystem Tokens Performance

LUNC and USTC prices await a broader market recovery in response to the upcoming Bitcoin halving. Also, LUNC, 1000LUNC, and LUNA longs were liquidated over the last 24 hours, indicating shorting by traders.

LUNC price fell 7% this week, with the price currently trading at $0.00009444. The 24-hour high and low are $0.00009415 and $0.00009699, respectively. The community is still bullish on LUNC to hit local highs.

Meanwhile, USTC price moving sideways in the last 24 hours, with the price currently trading at $0.02409. The 24-hour low and high of $0.02387 and $0.02438, respectively.

Coin exchange rate
🌖$0.6527 (+3.8%) 📈

🪙 $43,028.49 (+0.52%)📈

🌖 Binance Burn 2.1 Billion Terra Luna Classic (LUNC)

Binance sent 2.1 billion Terra Luna Classic (LUNC) tokens to the burn address terra1sk06e3dyexuq4shw77y3dsv480xv42mq73anxu, as per the transaction on January 1.

Notably, the 18th batch of the LUNC burn mechanism was for the period December 31 to January 30. After the latest burn, Binance LUNC burn has reached 51.27 billion Terra Classic tokens from trading fees on LUNC spot and margin trading pairs.

In January, Binance burned 5.57 billion Terra Luna Classic (LUNC) tokens. The burn rate significantly increased after a massive jump in LUNC trading volume on the crypto exchange. Binance and other crypto exchanges launched a USTC perpetual contract, and new USTC and LUNC trading pairs, which contributed massively to the trading of the tokens.

Meanwhile, Terra Luna Classic burn campaign has now hit the 98 billion LUNC milestone in a coordinated effort by crypto exchanges, validators, projects, and community members. The community on average burns 600 million LUNC per week.

Coin exchange rate
🌖$0.6336 (-2.49%) 📉

🪙$42,802.43 (-0.74% )📉

🔥🌖 Terra Luna Classic (LUNC) Burn Hits 95 Billion Threshold

Since May 2022, the LUNC burn campaign within the Terra Luna Classic community has surpassed 95 billion LUNC. The community’s efforts to decrease the amount of LUNC circulating have reached another milestone. By far, Binance has contributed more than 51.7% of the total burn, or about 50 billion LUNC.

By transferring billions to the burn address every month as part of its LUNC burn mechanism, Binance has added more than 51% to the overall LUNC burn. For the 17th round of the LUNC burn mechanism, Binance burnt 5.57 billion tokens. Up to this point, the crypto exchange has burnt over 50 billion LUNC.