Terra Luna Classic, recognized as a security by the
SEC, has been undergoing multiple upgrades and proposals. One main update was the
v3.1.3 upgrade, boosting prospects for a
LUNC breakout. The community also voted on a significant
Tax2Gas Proposal. This potential implementation spurred a
42% rally in prices, with contemplation to rise the
LUNC Burn Tax to 1.5%.
Staking nears an all-time high as the community gears for the new milestones with
LUNC and
USTC Burn.
However, setbacks including a significant
price crash, the $4M exploitation forcing
Terra Blockchain to restart, and a
bankruptcy scare have stiffled the project. Despite the challenges, LUNC saw a
405% growth forecast with significant staking boom shifting the token dynamics.
The
SEC's $4.47 billion fine resulted in a temporary plunge for
LUNC, but recovery prospects remain high, especially after a major implementation of the Tax2Gas proposal. Amid these developments,
Binance burned 1.7 billion Terra Luna Classic (LUNC) stimulating market interest. Despite the project's bankruptcy encounter, significant steps have been made to re-establish credibility, including burning LUNC tokens, increasing tax burn, and restricting maximum block size to minimize P2P scams. The subsequent adoption of
Tax2Gas and raise in burn tax sparked intense debates, but nonetheless enhanced the community's confidence.
Terra Luna News Analytics from Wed, 20 Mar 2024 07:00:00 GMT to Thu, 08 Aug 2024 09:20:00 GMT -
Rating 5
- Innovation 0
- Information 3
- Rumor -3
