Reviving LUNC: Terra Luna Classic Community Pool, Quant-Binance USTC Talks, and Coinbase Listing

Bombolo | News and Media

The Terra Luna Classic (LUNC) community has been diligently working towards the revival of their platform. By implementing various strategies, they aim to bring back utility to the token and gain support from the wider crypto community.

Also Read: The Rising Count of Burned Terra Classic (LUNC) Tokens Nears the 70 Billion Milestone

The Support of Binance and CZ

One crucial development in the journey of the Terra Luna Classic community is the support received from Binance, one of the leading cryptocurrency exchanges. Binance, along with its CEO Changpeng Zhao (CZ), has committed to burning LUNC spot and margin trading fees on a monthly basis. This gesture showcases the faith and encouragement provided by Binance to the LUNC community.

The USTC Repeg Challenge

However, the community faces a significant challenge in repegging USTC. The USTC repeg Quant team member, RedlineDrifter, had recently tweeted about direct communication with Binance regarding this matter. Surprisingly, the tweet has since been deleted, leaving the reasons for its removal unclear. The two primary obstacles to reaching an agreement on USTC repeg are the infrastructure and divergence algorithm.

Also Read: Binance and Terra Classic Team Collaborate: Accelerating USTC Re-Peg for LUNC's $1 Goal

The Deleted Tweet Mystery

The deletion of RedlineDrifter's tweet has raised eyebrows within the Terra Luna Classic community. Speculation surrounds the intentions behind removing the tweet. While the exact motives remain uncertain, the community continues to focus on their efforts to revive LUNC.

Voting for Crucial Changes

To bring about significant improvements to the platform, the community actively engages in voting on key proposals. These proposals aim to address crucial aspects and make necessary changes to the chain, ensuring its sustainable growth and development.

The Rise of the Community Pool Balance

The community pool balance, which had previously dropped to below 448 million LUNC from 2.3 billion LUNC, is slowly regaining its strength. Recent contributions have increased the funds in the community pool to over 602 million LUNC. Notably, validator JESUSisLORD made a deposit of 2.65 million LUNC after the L1TF developer group declined the funds and suggested their addition to the community pool.

Also Read: From $100 to $1.12 Million: Unlocking the Millionaire Potential of #TerraClassic (#LUNC) Token Burns

Coinbase Listing Terra Luna Classic (LUNC) Token?

Following the recent success of Ripple against the US Securities and Exchange Commission (SEC), leading crypto exchange Coinbase announced the relisting of XRP. This favorable development has sparked hope among popular Terra Luna Classic community members and validators, including ClassyCrypto, Mr. Diamondhandz1, and Vegas. They strongly advocate for Coinbase to list LUNC, emphasizing the community's commitment to recovery. However, challenges, such as the ongoing SEC lawsuit against Terraform Labs and co-founder Do Kwon, currently hinder the relisting of LUNC.

The Terra Luna Classic (LUNC) community is actively engaged in efforts to revive their platform and increase the value of USTC. With the support of Binance and CZ, as well as their own determination, they are pushing forward to restore LUNC's utility and garner wider support from the crypto community. While challenges persist, the community remains resilient and hopeful about the future of Terra Luna Classic.

Also Read: Token Recovery and the Journey to $1: Terra Luna Classic L1TF's Ambitious Plan Unveiled

FAQs

How can I get access to Terra Luna Classic (LUNC)?

To get access to Terra Luna Classic (LUNC), you can visit reputable cryptocurrency exchanges and search for LUNC trading pairs.

What is the current price of LUNC?

At the time of writing, LUNC is trading at approximately $0.000088.

What are the benefits of staking LUNC?

Staking LUNC allows you to earn passive income in the form of additional LUNC tokens as a reward for supporting the network's security and operations.

Are there any upcoming events or announcements from the Terra Luna Classic community?

For the latest updates and announcements from the Terra Luna Classic community, it is recommended to follow their official social media channels and join their community forums.

How can I contribute to the Terra Luna Classic community?

If you are interested in contributing to the Terra Luna Classic community, you can participate in discussions, propose ideas, and engage with the community members through their official platforms. Your active involvement can help shape the future of the project.