In addition to not raising the volume, the community is getting things done, voting, upgrading, and proposing
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#LUNC validators are voting for the proposal that foresees increasing the tax burn rate from 0.5% to 1.5% on the Terra Classic chain.
The number of LUNC validators who voted "YES" for the proposal is not small. We also took the views of our followers for our voting preference and saw that the "YES" vote is far ahead.
Investors want LUNC burns to increase and the supply to be reduced as soon as possible.
The rate of validators VETOing the proposal is 40.76%! If the rate of validators VETOing the proposals made on the Terra Classic chain exceeds 33.4%, that proposal is not accepted.
We currently see that this proposal has been clearly VETOed...
Trading cryptocurrencies without looking at the price?
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If you look at the data seen on the Terra Classic chain, you can clearly see the development. ▪️In fact, everyone accepts this development. However, you cannot fully feel this development because the price does not satisfy. ▪️This is why we say do not look at #LUNC and #USTC from the price. When the day comes, it will also be looked at from the price. However, corners are being taken right now. New protocols are being written. New applications are coming. Certain groups are increasing their numbers. Validators are taking corners. You can be sure that 90% of the current validators on the Terra Classic chain are losing money, but they are still there. The reason for this is to hold a corner and get a share of the future. Can money be made from LUNC and USTC in the short term? YES! However, this can be done in almost every coin. Don't forget that the Terra Classic chain has a long road and the summit is the target at the end of this long road... #TerraClassic #CPI4MonthsHigh #BTCRebounds100K $LUNC $USTC $LUNA
The competition between LUNC and LUNA2, LUNC has greater potential to win In the wave of recovery in the cryptocurrency market, the future of LUNC (Terra Classic) and LUNA2 (Terra 2.0) is receiving significant attention. LUNC is viewed as the more potential competitor in the market due to several advantages.
1️⃣ Strong community support
LUNC has a large number of loyal users who continue to support it even after the original Terra chain failed. They actively promote governance proposals such as token burns to enhance the scarcity and value of LUNC. In contrast, LUNA2 lacks such a strong community foundation.
2️⃣ Unique burn mechanism
LUNC employs an aggressive token burn mechanism, significantly reducing the circulating supply, attracting market attention. On the other hand, LUNA2 has not implemented a similar strategy and lacks such value-driving mechanisms.
3️⃣ Higher trading activity
LUNC's trading volume on major exchanges far exceeds that of LUNA2, with strong liquidity bringing higher market appeal, making LUNC more likely to appreciate in both the short and long term.
Conclusion
LUNC's community support, burn plans, and market enthusiasm give it an advantage in the competition with LUNA2. In the future, LUNC is expected to achieve continuous value growth based on these advantages.
✨ Click the price table below to purchase now ✨
This article is for reference only and is not financial advice; please invest cautiously.
While it's possible for LUNC to experience a significant price increase during a bull market, reaching $1 is still a challenging target.
Considering LUNC's current price (around $0.00013) and market capitalization, a price increase to $1 would require a massive surge of over 769,000%.
Although the cryptocurrency market can be highly volatile, and prices can fluctuate rapidly, a price increase of this magnitude is unlikely.
However, if the Terra ecosystem and LUNC were to experience significant developments, such as:
1. Successful implementation of a new stablecoin 2. Major partnerships or collaborations 3. Improved adoption and usage 4. Favorable regulatory environment
then it's possible that LUNC could experience a substantial price increase.
But reaching $1 would still require a remarkable series of events and a significant shift in market sentiment.
Binance exchange's November #LUNC commission revenues of 50% were burned.
🔅1.73 billion LUNC were sent to the burning wallet as part of the burns. (1,735,822,208) 🔅 The high volume of LUNC buying and selling in November was also reflected positively in the burns and an above-average burn was realized... #Binance #USTC #TerraClassic $LUNC $USTC $LUNA
We have written and talked many times about what is important in the Terra Classic chain.
We currently see that the prices of #LUNC and #USTC do not meet short-term expectations.
🌟 When this situation changes and your short-term expectations come true; You should think about what is important for the Terra Classic chain and act accordingly...
🔔 If we take into account the point that LUNC and USTC have reached; You will understand how valuable the expectation they have created right now and the struggle between major altcoins is... ▪️ What is important for the Terra Classic chain is to exist! As long as this chain exists, it will continue to grow stronger and progress.
🌟 The supply is decreasing. New projects are coming. The lawsuits are ending. Binance support continues. (We can increase these)
▪️ It is considered as a price and you are not wrong as investors. However, if you are reading this post right now; Know what is important for LUNC and USTC when the price goes up and your short-term goals are met and make your decision accordingly... 👁️ The fact that the Terra Classic chain is struggling at this point makes us happy and gives messages for the future. ✍️ We do not look at the price for Terra Classic. You will see how the price increases when the chain stands on its feet. You have seen what $XRP, which has been dragging its investors for years, did in 1 week... #TerraClassic #LuncReachOneDollar #Lunc2TheMoonSoon $LUNC $USTC $LUNA
Binance exchange has rearranged leveraged transactions for #LUNA . The leverage amount, which can be opened up to 25x, has been increased to 75x. ▪️The futures move brought to mind the activation of futures transactions at #USTC . 🔔 We may see sharper movements after the increase in the leverage ratio in LUNA. These movements can be upward or downward. ▪️For now, LUNA's direction seems to be upward. It is clear that there is a reason for the increase in the leverage ratio. Binance is making these arrangements not only for LUNA; but also for many coins. Let's state this... Positive or negative movements in LUNA directly affect #LUNC and USTC. For this reason, it is very important... The rise of #XRP has escalated; In an environment where coins like XLM, ADA, POL, DOGE are making serious gains, there needs to be a movement from Terra and Terra Classic coins as well...
#USTC may be among the notable coins of the day. It draws attention with an increase exceeding 6%. These increases are of course insufficient, expectations are much higher. Don't be fooled by ThorChain CEO's statements that we will issue a new $UST. As long as LUNC exists, USTC will exist. ➖ ThorChain CEO's UST admiration is not secret. We know his tweets on this subject. We also shared Do Kwon's sincere responses to these tweets. ThorChain will not and cannot issue a new coin under the name $UST without approval from Do Kwon. Do Kwon does not give such approval. This move remains a great disrespect and cannot be obtained in any result. We think that there may be different approvals received from Do Kwon behind the back doors. Do Kwon may still be active. Just because Do Kwon won't be able to serve on Terra again doesn't mean he won't be active in the background...
It's useless, better to spend some money to pull a plate
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Bullish
ThorChain CEO announced in a post that they will also support #LUNC and #LUNA on the Vultisig wallet.
A statement was made from the Vultisig official account and it was said that #USTC will also be added to the iOS version. It was reported that it will be done in the Android version soon.
✍️ ThorChain CEO jpthor did not mention USTC, but the vultisig official account mentioned USTC.
ThorChain CEO continues to use the $UST hashtag. We don't know what the CEO is trying to do, but it is a positive development that LUNC can be stored in the Vultisig wallet.
We were getting a lot of questions about Ledger. You will be able to fulfill this request using Vultisig...