Terra Luna Classic Validator Rescues USTC Repeg Team
Terra Luna Classic validator Nova has announced its plan to directly fund the Quant USTC repeg team after a failed proposal within the community. The proposal aimed to provide funding for the team for the second month, but it was rejected by the Terra Luna Classic community.
Key points:
– Nova Validator will use its commissions to fund the Quant USTC repeg team directly.
– Proposal 11716 was initially passing, but some validators voted “No” at the last moment.
– Nova validator will fund the team due to the refusal of LUNC validators to pay for the team’s successful work.
– The community is encouraged to redelegate with Nova to support the USTC repeg and LUNC revival.
– StakeBin data shows that Nova is the top validator for delegation gains, with a total delegation of 5.39 billion LUNC and increased voting power.
LUNC and USTC Prices Continue to Fall
The LUNC price is currently trading at $0.000064, experiencing a 2% decrease in the last 24 hours. CoinGape Markets predicts a potential 20% recovery in LUNC price if it breaks above the descending channel. Additionally, the USTC price has also fallen by 3% in the past 24 hours, with the current trading price at $0.012.
Closing:
The Terra Luna Classic validator Nova’s decision to directly fund the Quant USTC repeg team showcases their commitment to supporting the chain’s improvement. With LUNC and USTC prices experiencing a decline, it will be interesting to see if the predicted recovery in LUNC price will come to fruition.
Gapster Innes emerges as a visionary adeptly blending the roles of crypto analyst, dedicated researcher, and editorial maestro into an intricate tapestry of insight. Amidst the dynamic world of digital currencies, Gapster’s insights resonate like finely tuned harmonies, captivating curious minds from various corners. His talent for unraveling intricate threads of crypto intricacies melds seamlessly with his editorial finesse, transforming complexity into an eloquent symphony of comprehension.