Explore the Latest Updates on Terra Luna Classic Community and Prices
Discover the recent developments in the Terra Luna Classic community, including the rejection of the KYC repeal proposal and the significant increase in LUNC burn. Also, find out about the latest price movements of LUNC and USTC, along with insights into future price predictions and trading trends. Stay informed about the growing excitement and activity surrounding Terra Luna Classic as it continues to make waves in the crypto space.
Terra Luna Classic Community Stands Firm Against KYC Repeal Proposal
Learn more about the recent decision by the Terra Luna Classic community to reject Proposal 12091, aimed at repealing the KYC requirement for developers. Despite claims that KYC is hindering the chain’s growth, the proposal failed to gain enough support to pass. Explore the community’s reasons for opposing the repeal and the implications for the future development of Terra Luna Classic.
- Proposal 12091 “Repeal prop #12033 [KYC prop]” denied by the community
- 18% “Yes” votes, 39% “No” votes, and 41% “Abstain” votes
- Validators, including Allnodes, mostly opposed the proposal
Implications of the Rejected Proposal
- LUNC investors concerned about negative effects of KYC
- Revival and repeg efforts at risk without KYC’d developers
- Suggestions to involve experienced developers in chain developments
LUNC Burn Surpasses 105 Billion Milestone
Gain insights into the impressive milestone achieved by the Terra Luna Classic community as the total LUNC burned surpasses 105 billion. With the burn rate showing a significant drop in recent weeks, discover the implications of this milestone for the community’s future plans and the potential impact on LUNC prices in the current market environment.
- Total LUNC burned exceeding 105 billion
- Burn rate decreasing as prices move upwards
- Expectations of LUNC price reaching $1 in the current bull run
Enhancing Security and Functionality
- Progress on Terra Classic Security Package upgrade by Genuine Labs
- Focus on boosting security, functionality, and interoperability
- Planned developments completion within 8 weeks
LUNC and USTC Prices Show Resilience
Explore the recent price movements of LUNC and USTC as they rebound from recent lows, indicating renewed interest and trading activity. With futures open interests on the rise and positive sentiment among investors, understand the factors driving the price resilience and potential future price targets for these tokens.
- LUNC price rebounding by 3% with increased trading volume
- USTC price climbing by 2% in the last few hours
Market Sentiment and Future Predictions
- LUNC futures open interests increasing on Binance and other exchanges
- Potential price target of $0.0002 for LUNC
- Price movement trends and trading volume insights
Hot Take: Stay Informed and Engaged with Terra Luna Classic Community
Get ready to dive deeper into the world of Terra Luna Classic with the latest updates on community decisions, price movements, and development milestones. Stay informed, engaged, and prepared to make informed decisions in the ever-evolving crypto landscape. Watch out for exciting developments and opportunities as Terra Luna Classic continues to make waves in the crypto space!
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