https://t.me/Terra_Luna_Tron

2022-09-28 23:00:01 Terra LUNA Co-Founder Daniel Shin to Testify at South Korea’s National Assembly

After Terra co-founder Do Kwon was listed as a wanted man by Interpol, counterpart Daniel Shin has been wrapped in as one of the witnesses at South Korea’s National Assembly. Local reports noted on Sept. 28 that representatives of the virtual asset industry, including Shin, will appear before the financial audit committee in the upcoming annual state audit. Reports underline that a three-week parliamentary audit starting on Oct. 4 will also include Dunamu CEO Lee Sirgoo, Bithumb Chairman Lee Jeong-hoon, Tchai Holdco general manager Shin Hyun-Seung, and DSRV Labs CEO Kim Ji-Yoon as witnesses. An industry official told the paper, “We are internally reviewing how to prepare.”.Ji-Yun of DSRV Labs was chosen as a Terra witness as the firm served as Terra’s blockchain validator.

Source

https://t.me/Terra_Luna_Tron Open / Comment

2022-09-27 21:00:00 Terra’s Do Kwon made a suspicious 3,310 BTC transfer shortly after his arrest warrant issuance

As the widely-publicized saga of Terraform Labs continues to unravel, a suspicious transfer in Bitcoin (BTC) has been discovered from the cryptocurrency platform’s CEO Do Kwon immediately after his arrest warrant issuance. Indeed, shortly after the news broke out of South Korean prosecutors issuing an arrest warrant for the Terra (LUNA) CEO, around 3,313 BTC. Considering the price of Bitcoin at press time, this means that the amount transferred to KuCoin and OKX wallets was worth around $66.65 million. The transfers were made from a Luna Foundation Guard (LFG) crypto wallet that was created on September 15, one day after the arrest warrant was issued for Do Kwon citing broken securities laws. Do Kwon established LFG as a non-profit organization with an aim to protect the price reserves of LUNA. As per data from the crypto data.

Source

https://t.me/Terra_Luna_Tron Open / Comment

2022-09-26 22:41:00 LUNC Spikes 36% Following Binance’s Burning Announcement

The collapse of Terra ecosystem’s two tokens propelled a great deal of turmoil for the crypto market, the effects of which have continued to haunt the space. The unexpected retreat of the bulls follows a leading crypto exchange’s announcement of implementing the LUNC burn mechanism on trading fees. After scrapping the initial ideas to initiate a burn-in subscription, Binance revealed plans to implement a mechanism to burn all trading fees on LUNC spot and margin trading pairs by sending them to the LUNC burn address. As per Binance CEO, CZ, the mechanism of a full burn-in tax, once a certain number of subscribers is reached, will be “fair” to all users. In theory, restricting the circulating supply of their tokens would aid the price growth as demand increases.

Source

https://t.me/Terra_Luna_Tron Open / Comment

2022-09-25 21:20:01 Binance has problems with LUNA withdrawals and users complain

Terra Classic withdrawals ( LUNC ) are experiencing some problems at Binance, the largest currency broker that has undergone speculative movements by traders in recent months. In May 2022, the Earth ecosystem ( LUNA ) experienced problems with the collapse of the project's algorithmic mechanism. The stablecoin TerraUSD (UST ), for example, ended up losing par with the Dollar and practically died, being abandoned by the community and its developers. The LUNA ended up being updated to try to survive, but part of the community continues to hold the old LUNC currencies for negotiations.

Source

https://t.me/Terra_Luna_Tron Open / Comment

2022-09-24 20:20:05 Binance to add opt-in button for 1.2% LUNC burn tax on all trades

Binance CEO Changpeng Zhao (CZ) was asked if Binance was ever going to apply the 1.2% tax on Terra Luna Classic (LUNC) off-chain trades. CZ answered the question during a Twitter AMA, stating that Binance would add an opt-in button for those wishing to apply the burn. Binance announced that it would only apply the 1.2% tax burn to on-chain transactions such as deposits and withdrawals on Sept. 9. CZ started his latest post that off-chain exchange trades were not included as it would deter users from trading LUNC on Binance. CZ mentioned the involvement of game theory and said the tax burn wouldn’t work unless all centralized exchanges in the world apply it.

Source

https://t.me/Terra_Luna_Tron Open / Comment

2022-09-23 21:20:04 Binance confirms an opt-in button for users to pay a 1.2% tax for LUNC trading

Binance support the LUNC burn of 1.2% for every trade on Binance?” I got asked this question on my Twitter space today. I spoke for a few minutes about it, but I want to take some time to answer this more in-depth, and actions we will take. A while back, I was asked about the LUNC burn on Twitter, and I responded that the project needs to implement it on chain first. This comment was a bit open to interpretation, and many people thought this meant that if it happens on-chain, Binance will implement all LUNC burning off-chain too. This is a wrong interpretation. I didn’t make any promises. My comment was simply that, as a business, we wouldn’t even consider implementing something that isn’t done on the protocol level first. Now, let’s consider it.

Source

https://t.me/Terra_Luna_Tron Open / Comment

2022-09-22 22:29:02 On-Chain Action Disappears on Terra’s Luna Classic Token

On-chain activity appears to have dried up on the Luna Classic, the network token of the failed and abandoned Terra chain, after it imposed a 1.2% tax on transactions that is burned from supply. The price of LUNC soared after a governance proposal advocating for the burn mechanism went live on Sept. 1, with LUNC surging 250% over eight days. Some investors speculated the move could render LUNC deflationary, meaning that more tokens are destroyed than issued as rewards to validators. On Sept. 22, Lightcrypto, a popular crypto influencer, posted that only $2,503 LUNC was burned in the seven hours after the tax and burn mechanism went live.

Source

https://t.me/Terra_Luna_Tron Open / Comment

2022-09-21 21:10:12 Terra Luna Classic gets listed on XGo ahead of the Tax Burn

Recently, the Terra Luna Classic community voted to introduce a burn mechanism, which was formalized after the passing of governance proposal 3569 and 4159. As a result, LUNC protocol will introduce a 1.2% tax Burn on all on-chain transactions (inlcudes web/wallet contract interactions) within the Terra Classic ecosystem. This tax Burn will continue until the total supply of LUNC reaches 10 billion (as of writing, total supply of LUNC is c.6.9 trillion). The Tax Burn is anticipated to go live on 20th September 2022, once the block height reaches 9,475,200. After the tax burn mechanism is live, deposits and withdrawals of LUNC across all CeFi and DeFi platforms.

Source

https://t.me/Terra_Luna_Tron Open / Comment

2022-09-21 14:23:31 Terra Luna Tron pinned «Admin: @Cryptochrizz» Open / Comment

2022-09-21 14:23:28 Admin: @Cryptochrizz Open / Comment