TerraNetwork
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💔BREAKING The LUNA Saga: From Heights to Depths 🚀♥️
In May 2022, $LUNA, once soaring at $116, plunged to a heart-wrenching $0.00008 by June 6, leaving investors in disbelief.
What caused this catastrophic crash that wiped billions off the Terra and Luna ecosystem, valued at over $60 billion?
Let's dive into the roots of Terra Network and Luna, founded in 2018 by Do Kwon and Daniel Shin.
Their vision? A decentralized payment system using stablecoins pegged to real-world currencies, like UST tied to the U.S. dollar and KRW linked to the Korean won.
Central to this ecosystem was LUNA, the native token managing blockchain fees. Unlike traditional stablecoins backed by real money, Terra opted for an algorithmic approach.
Enter the UST example: Users could burn $1 worth of LUNA to create 1 UST or vice versa.
This mechanism aimed to keep UST close to $1, encouraging users to burn LUNA for UST when its value exceeded $1 and vice versa.
For over a year, this model maintained stability, regulating UST supply based on demand.
However, the calamity unfolded in May 2022 when UST crashed significantly below $1, triggering a system-wide collapse.
It wasn't a mere glitch; it was a devastating freefall, resulting in substantial losses for investors, traders, and long-term holders.
The $LUNA saga serves as a stark reminder of the crypto market's unpredictable nature. Learn, adapt, and navigate wisely. 🌌💡
#TradeNTell #CryptoCollapse #TerraNetwork #LUNAC $LUNC $SOL
In May 2022, $LUNA, once soaring at $116, plunged to a heart-wrenching $0.00008 by June 6, leaving investors in disbelief.
What caused this catastrophic crash that wiped billions off the Terra and Luna ecosystem, valued at over $60 billion?
Let's dive into the roots of Terra Network and Luna, founded in 2018 by Do Kwon and Daniel Shin.
Their vision? A decentralized payment system using stablecoins pegged to real-world currencies, like UST tied to the U.S. dollar and KRW linked to the Korean won.
Central to this ecosystem was LUNA, the native token managing blockchain fees. Unlike traditional stablecoins backed by real money, Terra opted for an algorithmic approach.
Enter the UST example: Users could burn $1 worth of LUNA to create 1 UST or vice versa.
This mechanism aimed to keep UST close to $1, encouraging users to burn LUNA for UST when its value exceeded $1 and vice versa.
For over a year, this model maintained stability, regulating UST supply based on demand.
However, the calamity unfolded in May 2022 when UST crashed significantly below $1, triggering a system-wide collapse.
It wasn't a mere glitch; it was a devastating freefall, resulting in substantial losses for investors, traders, and long-term holders.
The $LUNA saga serves as a stark reminder of the crypto market's unpredictable nature. Learn, adapt, and navigate wisely. 🌌💡
#TradeNTell #CryptoCollapse #TerraNetwork #LUNAC $LUNC $SOL
"Major Upgrades Approved! 🚀 Genuine Labs' Terra Luna Classic Overhaul Gains Massive Community Support!"
We're thrilled to share that Genuine Labs' proposal for substantial core updates has received official approval from the Terra Luna Classic community. These updates are set to fortify security, enhance functionality, and boost interoperability within our ecosystem.
Following extensive improvements to Wasmd, IBC Go, and Cosmos SDK, Proposal 12088, "Genuine Labs' Security Upgrade Packages," garnered an impressive 99.95% "Yes" vote. This overwhelming support comes from validators like Allnodes, Orion, Interstellar Lounge, Stakely, and JesusIsLord.
Genuine Labs plans to implement these critical upgrades over an 8-week period, allocating an estimated budget of $30,000. The upgrades, starting with Cosmos SDK 0.47 and progressing to Cosmos SDK 0.50.1, promise heightened security, improved interoperability, and developer-friendly enhancements for applications within our cherished Cosmos network.
In tandem with these exciting developments, we've observed a notable surge in the LUNC burn rate. The average daily burn now stands at 200 million tokens, resulting in a total burn of 1.3 billion LUNC tokens this week alone. This reduction in supply has contributed to a more than 2% rise in futures open interest on major derivatives exchanges.
On the price front, LUNC has witnessed a 1% increase over the past 24 hours and an impressive 12% surge throughout the week, currently trading at $0.000193. Analysts speculate a potential breakout above $0.0005, creating anticipation for the next phase in our Terra Luna Classic journey! $LUNC
#TrendingTopic #TerraLunaClassic #TerraNetwork #LUNC. #terraluna
Disclaimer:
Research before investing, use only risk-worthy funds and take full responsibility for your decisions.
We're thrilled to share that Genuine Labs' proposal for substantial core updates has received official approval from the Terra Luna Classic community. These updates are set to fortify security, enhance functionality, and boost interoperability within our ecosystem.
Following extensive improvements to Wasmd, IBC Go, and Cosmos SDK, Proposal 12088, "Genuine Labs' Security Upgrade Packages," garnered an impressive 99.95% "Yes" vote. This overwhelming support comes from validators like Allnodes, Orion, Interstellar Lounge, Stakely, and JesusIsLord.
Genuine Labs plans to implement these critical upgrades over an 8-week period, allocating an estimated budget of $30,000. The upgrades, starting with Cosmos SDK 0.47 and progressing to Cosmos SDK 0.50.1, promise heightened security, improved interoperability, and developer-friendly enhancements for applications within our cherished Cosmos network.
In tandem with these exciting developments, we've observed a notable surge in the LUNC burn rate. The average daily burn now stands at 200 million tokens, resulting in a total burn of 1.3 billion LUNC tokens this week alone. This reduction in supply has contributed to a more than 2% rise in futures open interest on major derivatives exchanges.
On the price front, LUNC has witnessed a 1% increase over the past 24 hours and an impressive 12% surge throughout the week, currently trading at $0.000193. Analysts speculate a potential breakout above $0.0005, creating anticipation for the next phase in our Terra Luna Classic journey! $LUNC
#TrendingTopic #TerraLunaClassic #TerraNetwork #LUNC. #terraluna
Disclaimer:
Research before investing, use only risk-worthy funds and take full responsibility for your decisions.
Terra Luna proposed a governance discussion to create deep liquidity for stablecoins and Cosmos tokens (ATOM) on Terra. This proposal is in line with Terraform Labs CEO Chris Amani’s plan to bring the highest stablecoin liquidity to Cosmos.
A proposal was submitted to whitelist USDC-USDT and ATOM-LUNA liquidity pool (LP) tokens to establish deep stablecoin and Cosmos token liquidity on Terra by Terraform Labs on February 15. The above-mentioned stablecoins will be whitelisted by the Astroport liquidity protocol as Alliance assets, with other liquidity pools planned in the future such as TIA-LUNA, DYDX-LUNA and others.
If the proposal is approved after governance voting, TFL will collaborate with Astroport contributors to create a stableswap USDC-USDT pool and an ATOM-LUNA PCL pool ahead of adding the Alliance assets. A USDC-USDT liquidity pool doesn’t exist yet, and the current ATOM-LUNA pool is less capital-efficient. Whitelisting LP tokens from pools containing USDC, USDT, and ATOM as Alliance assets is a major development. It will help offer better APRs within Cosmos without DEX swap fee, attracting a broad user base to Terra.
#TerraNetwork #Write2Earn #LunaArmy
A proposal was submitted to whitelist USDC-USDT and ATOM-LUNA liquidity pool (LP) tokens to establish deep stablecoin and Cosmos token liquidity on Terra by Terraform Labs on February 15. The above-mentioned stablecoins will be whitelisted by the Astroport liquidity protocol as Alliance assets, with other liquidity pools planned in the future such as TIA-LUNA, DYDX-LUNA and others.
If the proposal is approved after governance voting, TFL will collaborate with Astroport contributors to create a stableswap USDC-USDT pool and an ATOM-LUNA PCL pool ahead of adding the Alliance assets. A USDC-USDT liquidity pool doesn’t exist yet, and the current ATOM-LUNA pool is less capital-efficient. Whitelisting LP tokens from pools containing USDC, USDT, and ATOM as Alliance assets is a major development. It will help offer better APRs within Cosmos without DEX swap fee, attracting a broad user base to Terra.
#TerraNetwork #Write2Earn #LunaArmy
🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉📣📢
#USTC/USDT #USTCUSDT #LUNC. #TerraNetwork
LUNC News: Terra Classic Dev Starts Testnet Rehearsal for 800 Million USTC Burn
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spread positivity stay solid holders
$USTC $LUNC $LUNA
#USTC/USDT #USTCUSDT #LUNC. #TerraNetwork
LUNC News: Terra Classic Dev Starts Testnet Rehearsal for 800 Million USTC Burn
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spread positivity stay solid holders
$USTC $LUNC $LUNA
$BTC $LUNA Whenever someone asks me how do you recognize manipulation in crypto, I say look at Terra coins 🤣
#TrendingTopic #TerraNetwork #luna #lunc #ustc
#TrendingTopic #TerraNetwork #luna #lunc #ustc
Forget Bitcoin, LUNC Coin is Primed for Takeoff as the Altcoin King is Crowned
#LUNC🔥 Coin Poised for Potential Surge as Bitcoin Dominance Weakens
Exciting times are brewing for altcoins, including LUNC, as Bitcoin's dominance wanes. Over the past few months, Bitcoin's grip on the cryptocurrency market has been steadily loosening. This downtrend is currently testing a key resistance level. If this resistance holds, as many analysts predict, Bitcoin is likely to experience another downward swing.
This potential decline in Bitcoin dominance presents a significant opportunity for altcoins like LUNC. Historically, when Bitcoin weakens, altcoins tend to flourish. This phenomenon is often referred to as "alt season," a period of strong growth for alternative cryptocurrencies.
While future market movements are always uncertain, the weakening dominance of Bitcoin paints a bullish picture for LUNC. This could be the catalyst LUNC needs to reignite its potential and experience a significant price increase.
Positive Sentiment for LUNC Investors
For LUNC investors, this news is a welcome sign. The potential for an altcoin season fueled by Bitcoin's decline could lead to substantial gains for LUNC. With Bitcoin dominance on the ropes, LUNC is poised to potentially break out and reclaim its position in the market.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please do your own research before making any investment decisions.
#TerraNetwork #ustcrepeg
Exciting times are brewing for altcoins, including LUNC, as Bitcoin's dominance wanes. Over the past few months, Bitcoin's grip on the cryptocurrency market has been steadily loosening. This downtrend is currently testing a key resistance level. If this resistance holds, as many analysts predict, Bitcoin is likely to experience another downward swing.
This potential decline in Bitcoin dominance presents a significant opportunity for altcoins like LUNC. Historically, when Bitcoin weakens, altcoins tend to flourish. This phenomenon is often referred to as "alt season," a period of strong growth for alternative cryptocurrencies.
While future market movements are always uncertain, the weakening dominance of Bitcoin paints a bullish picture for LUNC. This could be the catalyst LUNC needs to reignite its potential and experience a significant price increase.
Positive Sentiment for LUNC Investors
For LUNC investors, this news is a welcome sign. The potential for an altcoin season fueled by Bitcoin's decline could lead to substantial gains for LUNC. With Bitcoin dominance on the ropes, LUNC is poised to potentially break out and reclaim its position in the market.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please do your own research before making any investment decisions.
#TerraNetwork #ustcrepeg
USTC Mengirim Sinyal Bullish: Peluang Besar untuk Investor? Tanda-tanda Positif Menguat:
Support Kuat: USTC menemukan support kuat di kisaran $0,00788 - $0,0119. Hal ini menunjukkan minat pembeli yang kuat dan dapat menjadi landasan untuk kenaikan harga lebih lanjut.Sentimen Pasar Membaik: Sentimen pasar terhadap USTC mulai membaik, didorong oleh optimisme terhadap potensi pemulihannya.Fair Value Gap (FVG): Terlihat indikasi FVG pada timeframe bulanan, menunjukkan optimisme pasar bahwa USTC dapat kembali ke harga $0,8.Peluang Besar bagi Investor:Kenaikan harga USTC dapat memberikan peluang besar bagi investor yang ingin mendapatkan keuntungan.Potensi pemulihan USTC ke harga $0,8 dapat memberikan keuntungan signifikan bagi investor yang membeli di harga saat ini.Faktor Pendukung Lainnya:Upaya komunitas Terra untuk memulihkan USTC.Masuknya investor baru yang tertarik dengan potensi USTC.Perkembangan positif di ekosistem Terra.Kesimpulan:USTC menunjukkan tanda-tanda bullish yang kuat, dengan support yang solid, sentimen pasar yang membaik, dan indikasi FVG. Hal ini memberikan peluang besar bagi investor yang ingin mendapatkan keuntungan. Faktor-faktor pendukung lainnya juga meningkatkan optimisme terhadap pemulihan USTC.Disclaimer:Informasi ini bukan merupakan nasihat keuangan. Selalu lakukan riset dan analisis sendiri sebelum mengambil keputusan investasi.#TerraNetwork $USTC
$LUNA 170.065.244mio +1.000.000.000 In 2 years the inflation rate was 170 million newly minted Luna. In 4 years there will be twice as many Luna, i.e. 340 million + 1 billion. And the focus is not on a burn mechanism. Do you still believe in a good future? 🤦
#BinanceLaunchpool #HotTrends #TerraNetwork
#BinanceLaunchpool #HotTrends #TerraNetwork
Market Optimism Soars as Binance Accelerates LUNC Token Burn: Over 49 Billion Tokens Burned
Binance, the world's largest cryptocurrency exchange, has continued its commitment to reducing the supply of Terra Luna Classic (LUNC) tokens by burning over 5.57 billion tokens in the most recent batch of its LUNC token burn mechanism. This action has led to a 7% increase in both LUNC and USTC prices, demonstrating the significant impact of Binance's efforts on the Terra Luna Classic ecosystem.
Binance has been actively involved in the LUNC token burn mechanism since Changpeng "CZ" Zhao's resignation from his position as CEO of the financial institution. Over 49 billion tokens have been burnt by Binance as a result of this most recent burn, accounting for 53 percent of the total tokens that have been destroyed by the Terra Luna Classic community.
The token burning process is linked to network activity, implying that the number of tokens burned will increase during heightened user engagement. Binance's role in the Terra Luna Classic ecosystem extends beyond token burning, as the exchange has also contributed to the improvement of trade volumes and interest in LUNC through the launch of new trading pairs and perpetual contracts for USTC.
While the market response to Binance's token burning has been favorable, it is essential for traders and investors to remain vigilant due to the volatility inherent in the cryptocurrency market. The larger market dynamics will play a significant role in determining the direction that the LUNC token will take.
The Terra Luna Classic community and Binance's efforts to stabilize and improve the value of LUNC are ongoing, and these developments highlight the potential for positive change within the cryptocurrency market. As the ecosystem continues to evolve, it is crucial to stay informed about the latest developments and market trends.
#LUNC🔥 #USTC/USDT #TerraNetwork
Binance has been actively involved in the LUNC token burn mechanism since Changpeng "CZ" Zhao's resignation from his position as CEO of the financial institution. Over 49 billion tokens have been burnt by Binance as a result of this most recent burn, accounting for 53 percent of the total tokens that have been destroyed by the Terra Luna Classic community.
The token burning process is linked to network activity, implying that the number of tokens burned will increase during heightened user engagement. Binance's role in the Terra Luna Classic ecosystem extends beyond token burning, as the exchange has also contributed to the improvement of trade volumes and interest in LUNC through the launch of new trading pairs and perpetual contracts for USTC.
While the market response to Binance's token burning has been favorable, it is essential for traders and investors to remain vigilant due to the volatility inherent in the cryptocurrency market. The larger market dynamics will play a significant role in determining the direction that the LUNC token will take.
The Terra Luna Classic community and Binance's efforts to stabilize and improve the value of LUNC are ongoing, and these developments highlight the potential for positive change within the cryptocurrency market. As the ecosystem continues to evolve, it is crucial to stay informed about the latest developments and market trends.
#LUNC🔥 #USTC/USDT #TerraNetwork
GiveAway Big Airdrop
$TERRA
🎁Total of $27,530,00.000 worth of TERRA to be airdropped.
🔥No Tasks needed
Connect and start earning !
📘Details : https://shorturl.at/gilz7
#Airdrop #Giveaway #BitcoinRefund #TerraNetwork #Bitcoin
$TERRA
🎁Total of $27,530,00.000 worth of TERRA to be airdropped.
🔥No Tasks needed
Connect and start earning !
📘Details : https://shorturl.at/gilz7
#Airdrop #Giveaway #BitcoinRefund #TerraNetwork #Bitcoin
We are ready to stake Luna classic to 2030 because we see the future in it.
Stake your Terra classic #flexible earn in #Binance #TrendingTopic #TerraClassicRising #TerraNetwork #TerraClassic #TrendingTopic
Stake your Terra classic #flexible earn in #Binance #TrendingTopic #TerraClassicRising #TerraNetwork #TerraClassic #TrendingTopic
#Lunc on fire 🔥🔥🔥, Patience is the key and Trust the process ,these two lines defines everything about Luna coins
#lunc #luna #ustc #TerraNetwork
#lunc #luna #ustc #TerraNetwork
Be the one to earn and help thousands to people benefits from the trade 💰⚖️#BinanceStrong #CryptoCommunty #TerraNetwork
People Asking Should I Hold Lunc Or Sell.
#LUNC✅ #LUNC🔥 #TerraNetwork
My honest answer for lunc holders is
hold only that much quantity u can digest when it lose 🔴 or down.
example : I am holding lunc around some millions and i sold some millions as per news going on i don't wanna take risk too much. 🟢 🐂 🏃💨
so yes i am still holding lunc but that much only where i can digest the loss. 📈 🔴
I hold 5 coins total. i invested in 5 coins some memes, some altcoins, some others.
this market is going up down quickly as halving near around 16 days left.
#LUNC✅ #LUNC🔥 #TerraNetwork
My honest answer for lunc holders is
hold only that much quantity u can digest when it lose 🔴 or down.
example : I am holding lunc around some millions and i sold some millions as per news going on i don't wanna take risk too much. 🟢 🐂 🏃💨
so yes i am still holding lunc but that much only where i can digest the loss. 📈 🔴
I hold 5 coins total. i invested in 5 coins some memes, some altcoins, some others.
this market is going up down quickly as halving near around 16 days left.
💔BREAKING The LUNA Saga: From Heights to Depths 🚀💔
In May 2022, $LUNA , once soaring at $116, plunged to a heart-wrenching $0.00008 by June 6, leaving investors in disbelief.
What caused this catastrophic crash that wiped billions off the Terra and Luna ecosystem, valued at over $60 billion?
Let's dive into the roots of Terra Network and Luna, founded in 2018 by Do Kwon and Daniel Shin.
Their vision? A decentralized payment system using stablecoins pegged to real-world currencies, like UST tied to the U.S. dollar and KRW linked to the Korean won.
Central to this ecosystem was LUNA, the native token managing blockchain fees. Unlike traditional stablecoins backed by real money, Terra opted for an algorithmic approach.
Enter the UST example: Users could burn $1 worth of LUNA to create 1 UST or vice versa. This mechanism aimed to keep UST close to $1, encouraging users to burn LUNA for UST when its value exceeded $1 and vice versa.
For over a year, this model maintained stability, regulating UST supply based on demand.
However, the calamity unfolded in May 2022 when UST crashed significantly below $1, triggering a system-wide collapse.
It wasn't a mere glitch; it was a devastating freefall, resulting in substantial losses for investors, traders, and long-term holders.
The $LUNA saga serves as a stark reminder of the crypto market's unpredictable nature. Learn, adapt, and navigate wisely. 🌌💡
#TradeNTell #CryptoCollapse #TerraNetwork #LUNA #LUNAC $LUNC $SOL
In May 2022, $LUNA , once soaring at $116, plunged to a heart-wrenching $0.00008 by June 6, leaving investors in disbelief.
What caused this catastrophic crash that wiped billions off the Terra and Luna ecosystem, valued at over $60 billion?
Let's dive into the roots of Terra Network and Luna, founded in 2018 by Do Kwon and Daniel Shin.
Their vision? A decentralized payment system using stablecoins pegged to real-world currencies, like UST tied to the U.S. dollar and KRW linked to the Korean won.
Central to this ecosystem was LUNA, the native token managing blockchain fees. Unlike traditional stablecoins backed by real money, Terra opted for an algorithmic approach.
Enter the UST example: Users could burn $1 worth of LUNA to create 1 UST or vice versa. This mechanism aimed to keep UST close to $1, encouraging users to burn LUNA for UST when its value exceeded $1 and vice versa.
For over a year, this model maintained stability, regulating UST supply based on demand.
However, the calamity unfolded in May 2022 when UST crashed significantly below $1, triggering a system-wide collapse.
It wasn't a mere glitch; it was a devastating freefall, resulting in substantial losses for investors, traders, and long-term holders.
The $LUNA saga serves as a stark reminder of the crypto market's unpredictable nature. Learn, adapt, and navigate wisely. 🌌💡
#TradeNTell #CryptoCollapse #TerraNetwork #LUNA #LUNAC $LUNC $SOL
Don't miss $lunc,, $ustc and $luna tera trends will start now 🔥 remember always DYOR before investing your money have a close eyes on #TerraNetwork
