↘ Terra Coin Navigates Legal Troubles and Network Upgrades
Recent information points toward a multitude of significant developments within the Terra Luna Classic platform. Notably, the network has moved...
There is significant news about Terra Coin (Terra Luna). Among the topics discussed, we find the plans to burn tokens following certain upgrades. Prediction discussions are plentiful, questioning whether LUNA 2.0 will reach $1 in 2024, and possibilities for Terra Luna's price recovery in 2024 after a significant crash. Regulatory attention was assembled as ByBit issued a delist warning for LUNC, and Terraform Labs faced a bankruptcy hearing. The community, however, seems buoyant, taking proactive steps for Terra Luna Classic to repeg USTC, potentially propelling LUNC to new heights.
In a historical recap, Terra (LUNA) reportedly lost 99.999% of its value two years ago. There was a legal dispute with SEC, where Terraform Labs and Do Kwon agreed to a combined $4.5B settlement in the civil fraud case. Looking forward, a $1M developer bounty was announced to advance USTC repeg on Terra Luna Classic. There are concerns about the sustainability of the project with reports of the Terra community to own chain after Terraform Labs' wind down, and Terraform Labs' decision to sell off four companies as part of their process.
The technology underpinning Terra Coin is drawing attention as v3.1.3 upgrade went live. There was a proposal for a 10,000% LUNC rally following the relisting on Coinbase. At the same time, Terra Luna Classic broke new ground by tearing down LUNC burn once and for all, approaching a new milestone ahead of significant price surge assumptions.
Terra Coin News Analytics from Tue, 05 Dec 2023 08:00:00 GMT to Tue, 27 Aug 2024 15:47:15 GMT - Rating -5 - Innovation 3 - Information 6 - Rumor 2
