Reports suggest that despite several setbacks,
Terra Luna Classic (LUNC) continues to show resilience. Both the Terra blockchain and Terra Luna Classic have seen significant challenges, with the former experiencing a
$4 million exploit and subsequent
temporary suspension of operations, and the latter facing potential
delisting. However, Terra Luna Classic has made several notable developments despite these obstacles, successfully implementing a
major upgrade (v3.1.3) and considering to increase the
burn tax to 1.5%. Furthermore, a substantial growth in
staking to 15% signifies increased community engagement and faith in the project. With over
1T LUNC staked, Terra Luna Classic has positioned itself for an
anticipated 42% rallyPotential adoption of
Tax2Gas could drive changes in Burn Tax amid rising market speculation. However, facing severe issues in the Tax2Gas review is concerning.
Reports indicate that key Terra stakeholders are under legal pressure, with Terraform Labs co-founder
Do Kwon facing extradition to South Korea. Despite these, LUNC shows signs of recovery, with the token
rising after Do Kwon's settlement with the SEC, and the Terra community continues to show support with around
99.98% approval for the LUNC payout proposal Moreover, preparing for
significant upgrades, Terra Luna's
Oracle Split Logic Update has resulted in futures surging
20%. In a noteworthy development, a
security package update came from Terra Luna Classic's Genuine Labs Developer Team, while a Core Developer has submitted a major proposal.
Terra Luna News Analytics from Thu, 28 Dec 2023 08:00:00 GMT to Sat, 03 Aug 2024 19:44:38 GMT -
Rating 7
- Innovation 5
- Information 3
- Rumor -7
