Binance Thailand announced support for LUNC and restoration of USTC to $1, a continued commitment to the LUNC community promised by Binance CEO Changpeng Zhao.
Crypto exchange Binance TH, a joint venture between Binance and Gulf Energy, announced on Saturday a recovery effort and promotion of LUNC and USTC trading on the crypto exchange.
The Terra Classic ecosystem tokens were listed by Binance TH this week, garnering a lot of attention from the Terra Classic community.
Binance TH Announces “LUNC From Destruction to Resurrection
In a post on the X social media platform on June 15, Binance TH asked “LUNC from collapse to resurrection?” introduced Event for the crypto community.
Binance TH by Gulf Binance is looking for people who have experienced the Terra-Luna crisis and still believe in the revival of LUNC.
“Binance TH by Gulf Binance will contact those who have suffered the most from LUNC to invite them to join the discussion and share their experiences with us through Binance TH Live. There will be H Swag and special prizes,” the crypto exchange said.
Former Binance CEO Changpeng Zhao began supporting the recovery of Terra Classic after the community and developers took the reigns. Binance has burned 60.42 billion LUNC tokens in a burn campaign to remove tokens for supply.
$1 from LUNC and USTC
LUNC developer groups, validators, and the community are actively supporting the restoration of LUNC to $1 and the USTC repeg to $1.
Meanwhile, developers are considering Terra Luna Classic’s proposal to implement Tax2Gas and remove the need to separate tax handling and calculation.
As proposed by StrathCole and Genuine Labs, Tax2Gas will add tax to gas and reduce complexity for dApp developers.
LUNC price increased by 0.21% in the last 24 hours, currently trading at $0.00097. The 24-hour low and high are $0.0000918 and $0.00009709, respectively. Additionally, trading volume fell by 12 percent in the last 24 hours.
Meanwhile, USTC also climbed 0.5%, with the price now trading at $0.0183. The 24-hour trading volume saw a 22% increase in the last 24 hours as traders bought the dip.