Fireblocks Ends Support for Terra Luna Classic, Binance May Delist LUNC Token
Digital asset infrastructure providers like Fireblocks have announced that they will no longer support Terra Luna Classic (LUNC), posing a challenge for the LUNC community. This could also lead to Binance, the largest supporter of Terra Luna Classic, delisting the LUNC token.
Main Points:
- Fireblocks has decided to drop support for LUNC due to unreliable public nodes infrastructure, non-central governance, frequent changes in tax fee structure, and lack of technical documentation.
- The LUNC community plans to reach out to Fireblocks and Binance to address concerns and prevent FUD (fear, uncertainty, doubt).
- LUNC price has fallen by over 1% in the past 24 hours and 3% in a week, currently trading at $0.000077.
- Meanwhile, USTC price is up nearly 2% in the past 24 hours and 31% in a month, with increased trading volume.
Hot Take: The decision by Fireblocks to end support for Terra Luna Classic and the potential delisting by Binance could have significant consequences for the LUNC community. It is crucial for the community to address the concerns raised and find solutions to prevent further instability.
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