JasmyCoin is a data marketplace project where users are able to sell their data generated from the Internet of Things (IoT) devices to various businesses. JASMY is its native utility token that serves as the payment currency within the JasmyCoin data platform. #PCEInflationWatch #JasmyCoin
TerraClassicUSD (USTC) is a decentralized algorithmic stablecoin of the Terra Classic blockchain that is pegged to 1 USD. In order to mint 1 USTC, 1 USD worth of the reserve asset, LUNC, must be burned.
After the depeg of USTC in May 2022, the community behind Terra Classic decided to create a new blockchain without the algorithmic stablecoins called Terra 2.0. #Lunc #USTC #DeepSeekImpact
if do kwon charges with the fraud what will be the future of Lunc then??
TerraHaberTR
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Do Kwon will appear before a judge in Manhattan, USA tomorrow. Do Kwon is accused of crypto fraud. As the hearing date approaches, details about the indictment have begun to emerge. Coinage, the organization that conducted the only interview with Do Kwon after the LUNA and UST collapses, has obtained important details about the indictment prepared by US prosecutors. There are serious allegations in the indictment. US prosecutors focused on funds embezzled from the Luna Foundation and funds printed during the creation of Terra. LFG was known to have a separate board of directors to maintain the $1 fix for UST, but it appears that it is run by Do Kwon. The funds were transferred back from LFG to TFL, and it appears that the independent auditing company that made a statement to the contrary was paid to tell TFL what it wanted. (Coinage) As stated in the indictment: "A senior employee of the Audit Company stated that one of KWON's agents "dictated those paragraphs to us" regarding some passages in the draft version of the report. ➖The indictment also states that some transactions transferred LFG funds back to Terra via OKX and KuCoin. Do Kwon denied these allegations after the crash, tweeting, "I haven't used Kucoin or Okex for at least the past year..." Prosecutors claim that the LFG funds were transferred through accounts opened via KYC with Do Kwon's credentials on OKX and KuCoin: "NO LFG funds were spent to defend the fixed price of UST... After the crash, $300 million of LFG funds remained in the Mixed Account," the indictment states. 🔴There are serious allegations against Do Kwon. He is facing a 130-year prison sentence. Let's see Do Kwon How will he defend himself? It is clear that US prosecutors have concrete allegations. The process will show how the judge will evaluate the evidence presented and the defenses to be made regarding these allegations. #LUNC #USTC #LUNA #DoKwon $LUNC
🌖 Terra Luna Classic Saw 2.27T Weekly Volume, LUNC Price Set to Hit $0.0005?
Terra Luna Classic has gained investors’ attention lately, especially with the soaring volume of the token. According to reports, the weekly volume of Terra Classic soared past the 2.27 trillion mark on Binance last week, sparking optimism over LUNC price’s potential rally to $0.0005 next. So, let’s take a quick look at the recent report details and see how it could significantly boost the token’s price. #terraClassicLunc #LUNC
If #LUNC and #USTC increase gradually without giving a buying opportunity, it can reach its target. Now we should continue with the last ones on the ship...
Total USTC burns on the Terra Classic chain have reached 3,402,024,706 units. Considering that the remaining total supply is 7.88 billion units, it is clear how valuable the amount burned is. ▪️ In addition to these burns, TFL's wallet burns will also take place. In particular, it is a matter of curiosity what will happen to the 1.84 billion units of #USTC in the LUNA Foundation...