BLV Labs led the recently passed proposal, which prioritizes the governance module.

It aims to address the challenges participants face when submitting proposals within the #LUNC✅ network.

The primary issue is the deposits for launching proposals, currently at 5 million.

Meanwhile, the current module doesn’t account for LUNC price fluctuations.

The deposit amount could be too high or too small amid price volatility, leading to challenges in ensuring the proposal’s value.

Moreover, scammers spam the blockchain with proposals when LUNC’s price plummets sharply.

Meanwhile, the suggested changes will maintain the platform’s integrity by stabilizing the deposit amount. The #announcement read,

“In the current gov module logic, when creating a proposal, the creator will have to deposit LUNC (5 million LUNC) first to push the proposal to the voting stage. So what will happen if the LUNC price drops sharply? Or rises sharply? This leads to the value of the proposal is not guaranteed. When the price is too small, it can lead to bad guys being able to spam many proposals online.”

Thus, #blv Labs suggests using the Oracle module to determine the minimum deposit needed to create proposals in the governance module.

The new system will automatically modify the minimum margin amid price fluctuations to ensure the proposal’s stability.

Meanwhile, the latest proposal has seen massive community support, with over 85% of participants voting in favor.

That underscores a colossal interest in the suggested changes.

Can $LUNC
and $USTC
capitalize on this optimism for price rallies? #on-chain indicators confirm positivity and trust in the altcoins’ future performance.
#BinanceLaunchpoolHMSTR

The world’s largest cryptocurrency exchange, Binance, has once again drawn attention by burning 1.14 billion #TerraLunaClassic (LUNC) tokens. This move, part of the 26th round of the #LUNC✅ burn mechanism, caused a significant price increase for both LUNC and USTC by more than 10%. This surge has also fueled optimism among investors, who believe in the continued growth of these cryptocurrencies.
Binance Continues to Burn Terra Luna Tokens
#Binance is continuing its LUNC burn policy, a crucial step towards reducing the overall supply of tokens. In the latest round, the exchange burned 1.14 billion tokens, reaffirming its commitment to the Terra Luna Classic community. This action contributed to a price rise not only for LUNC but also for USTC, signaling growing market confidence in the future development of these assets.
Influential community members, such as LuncLive validator owner Diamondhandz, publicly praised Binance for its support. "Binance burned over 1.1 billion LUNC during their regular monthly burn! Thank you, CZ and the Binance team, for supporting the community since 2022!" he wrote on the platform X. This comment highlights the importance the community places on Binance’s actions.

Binance’s Key Role in Supporting the LUNC Ecosystem
Binance has played, and continues to play, a crucial role in supporting the Terra Luna Classic ecosystem. Since early 2022, the exchange has burned over 64 billion LUNC tokens. This mechanism reduces the overall supply, which can lead to a price increase over time if demand remains strong. Binance thus solidifies its position as the largest contributor to the #LuncBurn effort.
Market Optimism: LUNC and USTC Prices Rise
The frequency of token burns by Binance has significantly increased in recent months. In September alone, the exchange burned LUNC six times, a substantial increase from the previous monthly schedule. This new approach has fueled speculation that Binance is intensifying its efforts to restore the value of LUNC.
As a result, LUNC and USTC ( #USTC... ) prices have started to rise. In the last 24 hours, LUNC reached a high of $0.00009944, while USTC traded at $0.02433, with a peak of $0.02535 during the same period. The trading volume for USTC surged by 65% to $93.54 million, indicating growing investor interest. Market analysis suggests that after the latest Binance burn, LUNC could experience an additional 40% price increase.

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

From last 10 days, I received some harsh feedback, but let me make something clear – I don’t write for attention, followers, or financial gain. In fact, I often tell people to unfollow me if they don't resonate with my insights. However, I stand by my analysis, and over 90% of my predictions have proven accurate. Interestingly, I was the first to advocate for burning $USTC rather than $LUNC , something no one else had suggested at the time. Now, that very concept is being widely discussed!

Yes, my charts may appear basic, but that’s because I draw them on my phone with my finger – I don’t rely on complex tools like TradingView. I prefer keeping things simple, but effective. Now, let’s revisit the scenario playing out: If you compare the current trend with the final week of July, it looks quite similar. In my ‘rough sketch,’ there’s a slight uptick followed by a significant drop. Whether we see a minor rise before the fall or an immediate dip largely depends on the whales' actions. However, with global liquidity drying up, I don’t foresee much upward movement. There's a worldwide cash crunch, so a continued rally seems unlikely.

Some have raised valid points, such as the potential for Chinese ETFs to introduce positive cash flow. I appreciate those perspectives, but the performance of these ETFs has been underwhelming. Reports indicate they’ve underperformed compared to other assets like stocks and gold, further validating my theory that we’re in a liquidity squeeze.

I’m also among those who believe BTC will eventually land between $100K and $120K – but not anytime soon. For that to happen, several conditions need to be met, including U.S. Federal Reserve interest rates dropping below 2% and a more crypto-friendly political landscape, perhaps with someone like Trump in office.

If you’ve got any thoughts on why $BTC could surpass $70K in the near future, feel free to share – I’m always up for a healthy discussion!

#BTC☀ #Bitcoin❗ #LUNC✅ #BTCReboundsAfterFOMC #BinanceLaunchpoolHMSTR

As we approach 2024, the crypto world is buzzing with bold predictions, and some of the forecasts making the rounds are nothing short of astounding. Let’s take a look at some of the most ambitious projections circulating in the community:

1️⃣ Shiba Inu ($SHIB ) - $0.1: The beloved meme coin, Shiba Inu, has seen its share of ups and downs. Now, some enthusiasts are predicting it could surge to $0.1, a huge leap for this once undervalued token.

2️⃣ Pepe Coin ($PEPE ) - $0.22: Pepe Coin, another meme-inspired cryptocurrency, is making waves with speculation that it might climb to $0.22, capturing the attention of its growing fanbase.

3️⃣ XRP ($XRP) - $88: XRP, known for its potential to transform the cross-border payment landscape, has some market watchers predicting a significant jump to $88, marking a huge leap in its valuation.

4️⃣ Terra Classic ($LUNC) - $133: Despite a rocky past, Terra Classic remains in the spotlight, with predictions that it could rally and reach $133, drawing the attention of both loyalists and new investors.

5️⃣ Dogecoin ($DOGE ) - $227: Dogecoin, the pioneer of meme coins, continues to capture imaginations, with predictions suggesting it could climb as high as $227, keeping it firmly in the spotlight.

While these forecasts are exhilarating, it’s vital to approach them with caution. Cryptocurrency investments, especially in meme coins and smaller cap tokens, are highly speculative and carry substantial risk. Always conduct your own research, stay informed, and ensure your decisions are rooted in thorough analysis rather than hype.

💬 What Do You Think? Have you come across similar bold predictions? Let’s talk about your thoughts and how these forecasts might shape the future of crypto!

Disclaimer: This content is for informational purposes only and does not constitute financial advice. Always consult with a professional before making any investment decisions.

#pepe⚡ #shiba⚡ #doge⚡ #XRPGoal #LUNC✅

In a surprising twist, it's been revealed that Montenegro's Prime Minister was an early investor in Terraform Labs, purchasing 750,000 $LUNA tokens for $75,000 in April 2018. At its peak, those tokens skyrocketed to $90 million.
Do Kwon's Arrest in Montenegro
This connection takes on new significance in light of Do Kwon's arrest in Montenegro. Kwon, co-founder of Terraform Labs, was detained at Podgorica airport while attempting to board a flight to Dubai with forged documents. The arrest followed an eight-count indictment by US prosecutors for securities fraud, wire fraud, commodities fraud, and conspiracy.
Terraform Labs Downfall
Terraform Labs faced intense scrutiny after its algorithmic stablecoin, TerraUSD, lost its dollar peg, causing the value of the token and its underlying cryptocurrency to plummet to near zero. The collapse led to a sell-off in major cryptocurrencies like Bitcoin, Ethereum, and Tether.
Global Implications
As the story unfolds, regulators and investors worldwide are watching closely. With Montenegro's Prime Minister tied to Terraform Labs, the country's involvement in the crypto space is under scrutiny. Stay tuned for further developments.
#LUNC✅ #TerraformLabsBankruptcy #CryptoNewss #BinanceSquareFamily #Write2Earn! $LUNA