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TERRAFORM LABS TO LIQUIDATE AND BURN LUNC BY OCTOBER 30
Terraform Labs (TFL) and CEO Chris Amani have announced plans to shut down by October 30, 2024, following a bankruptcy court order and settlement with the SEC. Ongoing negotiations with third-party companies to take over some of its products and services may prevent the shutdown, but if talks fail, TFL will liquidate key assets.
The Terra Luna Classic (LUNC) blockchain's maintenance will transition to the community, with Binance's LUNC burn mechanism boosting market sentiment. LUNC's price has risen 2% in the past 24 hours, while LUNA is up 1%, reflecting growing interest amid TFL's closure plans.
#Write2earn #Marketsentimentstoday #terraClassicLunc #Terra #LUNC $LUNC $LUNA
Terraform Labs (TFL) and CEO Chris Amani have announced plans to shut down by October 30, 2024, following a bankruptcy court order and settlement with the SEC. Ongoing negotiations with third-party companies to take over some of its products and services may prevent the shutdown, but if talks fail, TFL will liquidate key assets.
The Terra Luna Classic (LUNC) blockchain's maintenance will transition to the community, with Binance's LUNC burn mechanism boosting market sentiment. LUNC's price has risen 2% in the past 24 hours, while LUNA is up 1%, reflecting growing interest amid TFL's closure plans.
#Write2earn #Marketsentimentstoday #terraClassicLunc #Terra #LUNC $LUNC $LUNA
Terra Luna Classic Approves Major Proposal Amid LUNC Price Optimism
The Terra Luna Classic community recently approved a key governance proposal aimed at improving stability, sparking optimism for a potential $LUNC rally. Led by BLV Labs, the proposal addresses fluctuations in the 5 million LUNC deposit required to submit proposals, stabilizing it at $500 using the Oracle module. This aims to prevent spam and strengthen governance.
With over 85% community support and Binance continuing its LUNC burn initiative, sentiment around LUNC remains positive. LUNC's price rose 1%, trading at $0.00008641, with further growth potential fueled by these developments.
#Terra #TerraLab #LUNC #Write2earn #TerraClassicUpgrade
The Terra Luna Classic community recently approved a key governance proposal aimed at improving stability, sparking optimism for a potential $LUNC rally. Led by BLV Labs, the proposal addresses fluctuations in the 5 million LUNC deposit required to submit proposals, stabilizing it at $500 using the Oracle module. This aims to prevent spam and strengthen governance.
With over 85% community support and Binance continuing its LUNC burn initiative, sentiment around LUNC remains positive. LUNC's price rose 1%, trading at $0.00008641, with further growth potential fueled by these developments.
#Terra #TerraLab #LUNC #Write2earn #TerraClassicUpgrade
đ#TerraformLab 's Product Shutdown Alert âŒïž
đ terra community confirmed that key products & services could be shut down by October 30, 2024, unless 3rd party agreements are finalized.
Hereâs whatâs at riskâ ïž
đ ïž Products:
Enterprise DAO
Warp Protocol
Station Wallet
đ§ Services:
Finder Block
Explorer Mantlemint,
FCD & APIs
đBig shifts for the #Terraecosystem are comingâ $LUNC and $LUNA price fluctuations soonđĄ
#Terra #BlockchainNews #DeFi #Crypto
đ terra community confirmed that key products & services could be shut down by October 30, 2024, unless 3rd party agreements are finalized.
Hereâs whatâs at riskâ ïž
đ ïž Products:
Enterprise DAO
Warp Protocol
Station Wallet
đ§ Services:
Finder Block
Explorer Mantlemint,
FCD & APIs
đBig shifts for the #Terraecosystem are comingâ $LUNC and $LUNA price fluctuations soonđĄ
#Terra #BlockchainNews #DeFi #Crypto
Terra Luna Classic Burns Billions of Tokens: Will Prices Surge?
The Terra Luna Classic (LUNC) community recently burned 1 billion USTC and 275 billion LUNC tokens as part of its recovery plan. This move followed the approval of proposal 12135, which burned 726 million USTC from Anchor Protocol, aiming to boost token prices.
The community hopes that increasing the burn tax from 0.4% to 1.5% will accelerate burns and fund staking rewards. While LUNC saw a modest price increase of 0.64% after the burn, market pressures persist. Despite mixed responses to recent proposals, the community remains optimistic about a potential price rally.
#Write2earn #Terra #TerraLab #LUNC #TerraLUNCburn $LUNC $USTC
The Terra Luna Classic (LUNC) community recently burned 1 billion USTC and 275 billion LUNC tokens as part of its recovery plan. This move followed the approval of proposal 12135, which burned 726 million USTC from Anchor Protocol, aiming to boost token prices.
The community hopes that increasing the burn tax from 0.4% to 1.5% will accelerate burns and fund staking rewards. While LUNC saw a modest price increase of 0.64% after the burn, market pressures persist. Despite mixed responses to recent proposals, the community remains optimistic about a potential price rally.
#Write2earn #Terra #TerraLab #LUNC #TerraLUNCburn $LUNC $USTC
Terra Luna Classic Proposal Ignites Community Optimism as $LUNC Eyes $0.0003 Rally
The Terra Luna Classic (LUNC) community has introduced Proposal 12133, sparking optimism among traders for a potential rally toward $0.0003. This proposal aims to fix a mistake from a previous upgrade that reduced the number of validators, affecting network stability. With 63.81% of votes in favor, the community is pushing for a quick resolution.
Recent ecosystem upgrades, like the Tax2Gas upgrade, have also boosted sentiment, leading to a 17% rally last week. Though LUNC is trading at $0.00008175 with a slight 1% increase today, a breakout could push the price toward $0.0003.
Meanwhile, $LUNA rose by over 2%, trading at $0.3819.
#MarketSentimentToday #Write2earn #LUNC #Terra #TerraClassicUpgrade $USTC
The Terra Luna Classic (LUNC) community has introduced Proposal 12133, sparking optimism among traders for a potential rally toward $0.0003. This proposal aims to fix a mistake from a previous upgrade that reduced the number of validators, affecting network stability. With 63.81% of votes in favor, the community is pushing for a quick resolution.
Recent ecosystem upgrades, like the Tax2Gas upgrade, have also boosted sentiment, leading to a 17% rally last week. Though LUNC is trading at $0.00008175 with a slight 1% increase today, a breakout could push the price toward $0.0003.
Meanwhile, $LUNA rose by over 2%, trading at $0.3819.
#MarketSentimentToday #Write2earn #LUNC #Terra #TerraClassicUpgrade $USTC
You know that TFL and the SEC have reached an agreement on $4.5 billion in compensation.
Will this money be paid? How will it be paid? Who will pay? We have asked and discussed the questions many times.
A significant portion of the court text was shared with us by our valuable follower.
"If TFL ensures that the injured investors and other general unsecured creditors are fully recovered under the terms of the liquidation of the chapter 11 bankruptcy filing, the SEC will withdraw its $4.5 billion claim."
âȘïž In short; If TFL redresses all grievances, it can avoid the $4.5 billion compensation penalty. The hearing to be held on September 19 is very important. October 31, 2024 will be the final date. We are approaching the final...
#LUNC #USTC $ #LUNA #TerraClassic #Terra
Will this money be paid? How will it be paid? Who will pay? We have asked and discussed the questions many times.
A significant portion of the court text was shared with us by our valuable follower.
"If TFL ensures that the injured investors and other general unsecured creditors are fully recovered under the terms of the liquidation of the chapter 11 bankruptcy filing, the SEC will withdraw its $4.5 billion claim."
âȘïž In short; If TFL redresses all grievances, it can avoid the $4.5 billion compensation penalty. The hearing to be held on September 19 is very important. October 31, 2024 will be the final date. We are approaching the final...
#LUNC #USTC $ #LUNA #TerraClassic #Terra
đšđšđš
The collapse of Kwon's crypto enterprise last year sent ripples through the industry and set off a series of high-profile bankruptcies that are ongoing.
#AltaafTheBinancian #Binance #crypto2023 #Terra
The collapse of Kwon's crypto enterprise last year sent ripples through the industry and set off a series of high-profile bankruptcies that are ongoing.
#AltaafTheBinancian #Binance #crypto2023 #Terra
Jump Crypto is the unidentified U.S. trading firm SEC accused of helping support the TerraUSD stablecoin as it de-pegged from the dollar in 2021, according to sources.
#crypto2023 #BTC #bnbgreenfield #Terra
#Terra Labs CEO Do Kwon to appeal against Montenegrin court's decision to extend his detention for 30 days.
âïž Terra â IBC bridge
The TFM project has connected Terra network to its IBC bridge, now users have the ability to send coins to Terra from any other network connected to IBC bridge and back.
#Terra #CryptonResearchBot
The TFM project has connected Terra network to its IBC bridge, now users have the ability to send coins to Terra from any other network connected to IBC bridge and back.
#Terra #CryptonResearchBot
Terra vs SEC: Pretrial Set; Do Kwon Faces US Extradition
Cryptos Headlines Token Airdrop Is Live, Claim your 5,000 CHT tokens for free $50 On Official Website > Â Â CryptosHeadlinesToken.com
Read Herer: https://www.binance.com/en/feed/post/4455794097393
#Terra #Bitcoin #Altcoin #Cryptocurrency #CryptoNews
Cryptos Headlines Token Airdrop Is Live, Claim your 5,000 CHT tokens for free $50 On Official Website > Â Â CryptosHeadlinesToken.com
Read Herer: https://www.binance.com/en/feed/post/4455794097393
#Terra #Bitcoin #Altcoin #Cryptocurrency #CryptoNews
$SOLUSDT SHORT
ENTRY PRICE 54.40
TARGET 53.50 , 52.80 , 52.00 , 51.00 , 50.00
DCA PRICE 59.00
STOP LOSS 62.00
LIVRAGE 75x
MARGIN 2% USE ONLY
#Solanađđđ #Polygon #Terra #ftx
ENTRY PRICE 54.40
TARGET 53.50 , 52.80 , 52.00 , 51.00 , 50.00
DCA PRICE 59.00
STOP LOSS 62.00
LIVRAGE 75x
MARGIN 2% USE ONLY
#Solanađđđ #Polygon #Terra #ftx
SpotOnChain reported that 25,000 LUNA (Terra) was transferred from Terra's community pool to an unknown address, worth approximately $1.19 million. đ #Terra #LUNA #CryptocurrencyNews