LTV is a KYC’ed validator on Terra Classic. We come from the community are here for the community. We believe that TERRA is One or the best blockchain in crypto world

$BTC $LUNC $USTC

$LUNC $USTC $LUNA

Luna Classic Turkish Validator

LTV is a KYC’ed validator on Terra Classic. We come from the community are here for the community. We believe that TERRA is One or the best blockchain in crypto world.

#Lunc2TheMoonSoon #LuncReachOneDollar #LUNCUSD #USTC.智能策略库

SEC VS TERRAFORM #753

Documents from the Bankruptcy Noticing Center (BNC)

During the course of a bankruptcy case or proceeding, bankruptcy court notices are mailed by the Bankruptcy Noticing Center (BNC) on behalf of the Court.  The BNC, which is operated by a private contractor, provides notice production and mailing services for the court, but THE BNC IS NOT THE COURT. 

#LTV #LunaClassicTurkishValidator $LUNC $USTC $LUNA

LTV is a KYC’ed validator on Terra Classic. We come from the community are here for the community. We believe that TERRA is One or the best blockchain in crypto world.$LUNC
$USTC

1.000.000 bounty program $LUNC https://commonwealth.im/terra-luna-classic-lunc/discussion/24481-repeg-system-for-terra-luna-classic-lunc-1000000-bounty

Discussion for a Flawless Repeg System for Terra Luna Classic (LUNC) - $250,000 Bounty

The Luna Classic community, in its pursuit to restore the stability and value of $USTC, hereby announces a bounty of $250,000 for the development of a flawless system to repeg USTC to its intended $1 value. This proposal outlines the requirements, process, and expectations for this initiative.

The primary goal is to design, develop, and implement a system that ensures USTC maintains its peg to the USD without the risks that led to the previous depegging event.

Requirements for the System:

1. **Stability:** The system must ensure that USTC remains pegged at $1, regardless of market conditions, through mechanisms that automatically adjust supply or demand without human intervention.

2. **Security:** Implementations must be secure against exploits, including but not limited to flash loans, arbitrage, and other known DeFi vulnerabilities.

3. **Transparency:** All algorithms and mechanisms must be open-source, allowing for community review and audit.

4. **Decentralization:** The system should not rely on a single point of failure or centralized entities for its operation.

5. **Economic Incentives:** Design incentives that encourage holders to maintain the peg, possibly through staking, yield farming, or other innovative financial instruments.

6. **Scalability:** The solution should be scalable to handle high transaction volumes without compromising on speed or cost.

7. **Interoperability:** The system should ideally integrate with existing DeFi protocols for liquidity and utility enhancement.

Discussion Submission:

-Proposals should include:

- A detailed whitepaper explaining the mechanics of the repeg system.
- Technical documentation including code snippets or full code if available.
- Security audits or plans for audits.
- Economic models showing how the system maintains the peg.
- A timeline for development, testing, and deployment.

**Evaluation Criteria:**

- **Feasibility:** How practical is the solution in terms of implementation and maintenance?
$LUNC

🚀Terraform Labs and Do Kwon agree to temporarily resolve SEC fraud case

$LUNA $LUNC

Here are some important points you need to know about Terra Classic:

Purpose: Terra Classic was initially designed as a platform for creating stablecoins (cryptocurrencies whose price is pegged to a fixed asset, usually the US dollar). These stablecoins aimed to reduce the price volatility of cryptocurrencies, allowing them to be used in a similar way to traditional currencies.
Collapse: In May 2022, the Terra ecosystem suffered a major collapse as the algorithmic stablecoin called TerraUSD (USTC) lost its peg to the US dollar. This event led to significant losses in the cryptocurrency market.
Current Situation: After the crash, investors in the Terra Classic chain received tokens via airdrop to the new Terra chain (LUNA). Although Terra Classic still hosts some applications and projects, it is far from its former popularity.
Some features of the Terra Classic blockchain include:

Smart contracts: Supports smart contracts with standards such as cw20. This allows developers to build complex applications on the blockchain.
Proof-of-Stake (PoS): Uses the Proof-of-Stake (PoS) consensus mechanism to secure the block verification process. In this mechanism, validators stake their tokens and earn rewards for their contributions to the network.
Remember: Cryptocurrencies and blockchain technology are still developing fields and involve high risk. Be sure to do your own research before investing.$LUNC

Remove $USTC for XXXX COIN

Addressing USTC's Peg Issue:
XXXX wouldn't directly aim to repeg USTC. Instead, it would offer USTC holders a way to:
* Exit USTC and potentially earn rewards in a stablecoin with a reliable peg.

* Participate in the Terra Classic blockchain ecosystem through XXXX's governance and fee discounts.

**-Make a new coin named (XXXX)**

Mechanism:
• Minting XXXX: Users would mint XXXX by burning USTC at a predetermined rate (e.g., 1 USTC per 1 XXXX). This permanently removes USTC from circulation.

• Utility: early XXXX coin holders would get a good % of $Lunc who have staked them, to make it attractive for USTC holders.

◦ Staking Rewards: Users can stake XXXX to earn $LUNC rewards Against that a reliable peg XXXX coin.

Why rewarding people who own USTC with LUNC?

◦ Lunc because we can have enjoy Lunc by minting. I really dont like minting lunc but, At first place its needs minting, people dont have to be worried about minting lunc for long term because with **PEGGING** XXXX coin back to Lunc there will be massive burns again).

◦ Governance Rights: XXXX coin holders can vote on proposals to improve the protocol, including adjusting burn rates or adding new features.

◦ Discount Fees: XXXX coin holders can enjoy, fee discounts , hodler gains, on future Terra Classic blockchain transactions.

Attracting Users:

• Stablecoin Rewards: The allure of earning rewards in a stablecoin with a reliable peg can incentivize users to switch from USTC.

• Staking Flexibility: Consider offering flexible and fixed staking terms to cater to different user preferences.

• Community Building: Foster a community around XXXX that emphasizes its role in reviving the Terra Classic ecosystem and creating a path forward for USTC holders.

Overall, the USTC Repurpose XXXX coin concept presents an attractive alternative for USTC holders by offering them a way to potentially recoup

Relationship between IMF and Terra:

The IMF has expressed concerns about Terra's algorithmic fixing mechanism. The IMF argued that the mechanism could be fragile, causing the value of the IHR to fall sharply. The IMF also argued that Terra's DeFi applications could pose risks to financial stability.

Terra has taken steps to address the IMF's concerns. Terra added more reserves to stabilize the UST and developed risk management protocols for DeFi applications.

The relationship between the IMF and Terra is complex. While the IMF recognizes Terra's potential risks, it also sees its potential to promote financial inclusion and innovation using blockchain technology.

Some of the IMF's concerns regarding Terra are:

The algorithmic fixing mechanism may be fragile and cause the value of the UST to drop sharply.
Terra's DeFi applications may pose risks to financial stability.
Terra's governance may be centralized.
Terra has taken steps to address the IMF's concerns:

It added more reserves to stabilize the UST.
Developed risk management protocols for DeFi applications.
It is working to make governance more decentralized.
The relationship between the IMF and Terra continues to develop. The IMF continues to monitor Terra's potential risks, while Terra continues to take steps to address concerns.

$BTC

I am feeling a bullish weekend, NFA

🚨 Difference between $LUNA and $LUNC

Luna (LUNA) and Luna Classic (LUNC) are two cryptocurrencies with a shared history, but they now operate on separate blockchains and have distinct purposes. Here's a breakdown of their key differences:

Blockchain:

LUNA: Operates on the new Terra blockchain, launched in May 2022 after the collapse of the original Terra ecosystem.
LUNC: Exists on the Terra Classic blockchain, which is the original Terra blockchain that experienced the crash in May 2022.
Purpose:

LUNA: Serves as the native token of the new Terra blockchain. It plays a role in governance, staking, and gas fees for network transactions. The new Terra ecosystem aims to be a platform for stablecoins and decentralized applications (dApps).
LUNC: The original purpose of LUNC (formerly LUNA) was to support the price stability of the TerraUSD (USTC) stablecoin on the Terra Classic blockchain. However, due to the crash, LUNC's role and future use case are uncertain. There are ongoing efforts to revive the Terra Classic ecosystem, but its success remains to be seen.
Stability:

LUNA: The new Terra blockchain uses a different economic model for its stablecoin, TerraUSD (UST), which combines algorithmic adjustments with a reserve mechanism backed by real-world assets like Bitcoin (BTC) to maintain its peg to the US dollar. This model aims to be more stable than the algorithmic mechanism used by USTC on Terra Classic.
LUNC: Highly volatile due to the collapse of the Terra Classic ecosystem and the de-pegging of USTC from the US dollar.
Price:

LUNA: Generally has a higher market capitalization and trading volume compared to LUNC.
LUNC: Significantly lower price point than LUNA due to the crash and uncertain future.
Overall:

LUNA: Represents the new chapter of the Terra ecosystem, focusing on stablecoins and dApps with a supposedly more robust economic model.
LUNC: Carries the baggage of the Terra Classic collapse and has an uncertain future, although revival efforts are ongoing.

Merge between $LUNA and $LUNC ?

No, a direct merger between Luna (LUNA) and Luna Classic (LUNC) is not technically possible. Here's why:

Different Blockchains: LUNA operates on the new Terra blockchain, while LUNC exists on the Terra Classic blockchain, which is a separate network altogether. Merging them would be akin to merging two entirely different databases.

Technical Challenges: There are significant technical hurdles to overcome to merge two separate blockchains. It would be a complex and potentially risky process.

Community Considerations: The communities surrounding LUNA and LUNC have different goals and perspectives. A merger might not be desirable for either community.

However, there have been discussions about potential bridges or interactions between the two ecosystems:

Inter-Blockchain Communication (IBC): Some proposals suggest using IBC technology to enable some form of communication or asset transfer between the new Terra and Terra Classic blockchains. This could involve allowing LUNC holders to swap their tokens for LUNA on the new Terra blockchain, potentially with additional incentives.

Wrapped LUNC: Another concept involves creating a "wrapped" version of LUNC that could be used on the new Terra blockchain. However, this wouldn't be a true merger but rather a way to represent LUNC on a different network.

Important Points to Remember:

Uncertain Future: Any potential interactions between LUNA and LUNC are still under discussion and their future remains uncertain.

Do Your Research (DYOR)

Independent Projects: LUNA and LUNC are separate projects with distinct goals and functionalities. Evaluate each project on its own merits before making any investment decisions.

Overall, while a direct merger between LUNA and LUNC is not possible, there might be potential for future interactions using technologies like IBC. However, these possibilities are still under discussion and their outcome remains uncertain.

TerraKRW (KRT) was a stablecoin on the Terra Classic blockchain (previously known as Terra) designed to maintain a 1:1 peg with the South Korean Won (KRW). However, due to the collapse of the Terra Classic ecosystem in May 2022, KRT's peg to the KRW became unstable, and its value significantly declined.

Here's a breakdown of TerraKRW (KRT):

Before the Crash (May 2022):

KRW Stablecoin: KRT aimed to function as a stablecoin, offering a price-stable alternative to the KRW within the Terra Classic ecosystem. This facilitated transactions and potentially provided a hedge against KRW fluctuations.
Algorithmic Mechanism: Like other Terra Classic stablecoins, KRT relied on an algorithmic mechanism to maintain its peg to the KRW. This mechanism automatically adjusted the supply and demand of KRT to keep its price close to 1 KRW.
After the Crash (May 2022 - Present):

Lost Peg: The algorithmic mechanism failed during the Terra Classic ecosystem collapse in May 2022. KRT lost its peg to the KRW, and its price plummeted.
Limited Usefulness: With the collapse of the Terra Classic ecosystem, KRT's usability became significantly limited. Its primary purpose of providing a stable KRW alternative within the ecosystem is no longer functional.
Low Trading Volume: Trading activity for KRT has significantly decreased due to its lost peg and uncertain future.
Current Status of TerraKRW (KRT):

Limited Trading: KRT can still be traded on some cryptocurrency exchanges, but its trading volume is very low.
High Risk: Investing in KRT carries significant risk due to its lost peg and uncertain future.
Alternatives for KRW Stablecoins:

New Terra (LUNA) Ecosystem: Following the Terra Classic collapse, a new Terra blockchain emerged with its own stablecoin, TerraUSD (UST), which utilizes a different economic model to maintain its peg to the US dollar. This model combines algorithmic adjustments with a reserve mechanism backed by real-world assets.
Other KRW Stablecoins: Several other stablecoins are pegged to the KRW and operate on different blockchains.

TerraMNT (MNT) is a stablecoin pegged to the Mongolian Tögrög (MNT), the official currency of Mongolia. It's part of the Terra ecosystem, a blockchain platform that aims to provide stable and efficient transactions for global users.

Key Features of TerraMNT:

MNT Pegging: MNT's value is algorithmically maintained to be equivalent to one Mongolian Tögrög. This means that one MNT should always be worth approximately ₮1.

Decentralized: MNT is not issued or controlled by any central authority, like a central bank. Instead, it's governed by the Terra community and the underlying blockchain technology.

Utility: MNT can be used for various purposes within the Terra ecosystem, including:

Transactions: Users can make stable and affordable payments using MNT on the Terra blockchain.
Savings: MNT can be held as a store of value, offering a hedge against inflation or currency fluctuations.
DeFi Applications: MNT can be used in various DeFi applications within the Terra ecosystem, such as lending and borrowing platforms.
Potential Benefits of TerraMNT:

Stable Transactions: MNT aims to provide stable and reliable transactions for users in Mongolia and potentially other regions.

Hedging Against Inflation: As a stablecoin pegged to the Tögrög, MNT could offer a hedge against inflation or currency fluctuations in Mongolia.

Access to DeFi: MNT integration with DeFi applications could expand financial opportunities for users in Mongolia and beyond.

Potential Challenges of TerraMNT:

Adoption: The success of MNT depends on its adoption by users and businesses in Mongolia and potentially other regions.

Regulatory Landscape: Navigating the regulatory landscape for cryptocurrencies, particularly stablecoins, could pose challenges.

Price Stability: Maintaining MNT's peg to the Tögrög requires careful management of the algorithmic mechanism and the underlying reserves.

Overall, TerraMNT presents an interesting proposition as a stablecoin pegged to the Mongolian Tögrög. Its potential benefits include stable transactions, hedging against inflation, and access to DeFi.

Terra network;
TerraUSD (UST): dollar-indexed stablecoin.
TerraKRW (KRT): Stablecoin indexed to the South Korean won.
TerraSDR (SDT): A special drawing right (SDR) indexed stablecoin determined by the International Monetary Fund (IMF).
TerraMNT (MNT): Mongolian tögrög-indexed stablecoin

TerraSDR (SDT), as a stablecoin created on the Terra network, is valued based on this SDR basket. That is, the value of TerraSDR is indexed to the value of the SDR basket determined by the IMF. This stablecoin can be used for financial transactions on the Terra network and provides SDR.

The value of the SDR is determined based on a specific basket of US dollars, euros, Japanese yen, British pounds and Chinese yuan. The weights of the currencies included in the composition of this basket are calculated using a formula determined by the IMF.

🚨‼️- Special Drawing Right (SDR) is an international reserve asset created and used by the International Monetary Fund (IMF).