https://t.me/Terra_Luna_Tron

2022-10-28 23:20:01 TerraClassicUSD climbs 15% in 24 hours reclaiming $400 million market cap

After a brief collective bullish run, the majority of the cryptocurrency market is back in the red, but the collapsed ‘stablecoin’ TerraClassicUSD (USTC) continues to advance, positioning itself as the top gainer over the past 24 hours.TerraClassicUSD is currently trading at $0.04349, recording an increase of 15.07% on the day, as well as 19.75% across the previous week. Over the previous 24 hours, the decentralized finance (DeFi) token has reclaimed $400 million market capitalization, receiving an inflow of $45.91 million. In other words, USTC’s market cap grew from $370.76 million to $416.67 million or 12.38% in one day. USTC’s technical analysis (TA) indicators are looking optimistic, as the summary is suggesting a ‘buy’ sentiment at 13.

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2022-10-27 23:10:07 Proposal 6082 Officially Live On $LUNC Blockchain

The Terra Classic community has burned nearly 25 billion Terra Classic (LUNC) tokens until now. Binance on Monday burned over 1.34 LUNC tokens, taking the total LUNC burned tally to nearly 12.5 billion. Meanwhile, the Terra Classic price has also soared amid a recovery in the broader crypto market.Terra Classic (LUNC) tokens staked in total reaches 834 billion. In the last 24 hours, the LUNC staking jumps 17% from 712 to 834 billion as utility seems to return.Proposal 6082 is now officially live on the Terra Classic blockchain. The proposal aims to increase proposal deposit amount from 0 to 500K LUNC and 1 million to initiate voting process. The proposal received 99% votes in favor.

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2022-10-26 23:20:00 Hashed CEO Skips Parliamentary Inquiry on Terra Crash

Hashed CEO and an early backer of the ill-fated LUNC token, Kim Seo-joon, failed to appear before a South Korean congressional inquiry into the crash.He cited “mental conditions” as the reason for his absence from South Korea’s National Assembly’s Political Affairs Committee, which he supposedly developed since the spectacular $40 billion wipeout in May 2022. According to a recent report, the exec revealed to have been “under extreme stress” since the collapse of Terra Classic and the de-pegging of its algorithmic stablecoin, adding that his health has deteriorated and needed “stability.”. The letter submitted to the National Assembly was attached with an expert opinion as well as a medical certificate that stated the exec has been receiving psychiatric treatment from another hospital since July 29. It also disclosed that his stress has worsened “dramatically” during medication and counseling treatment.

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2022-10-25 23:10:00 Terra Classic loses bear market charm as over $100 million outflows from LUNC in a week

Terra Classic (LUNC), the original chain of the collapsed Terra (LUNA) ecosystem, has lost its momentum in the last week that saw the asset rally despite the general crypto market trading in the red zone. After rallying from around August, LUNC is witnessing a sustained capital outflow as investors focus on whether the token will rally again. The selling pressure in LUNC has partly impacted the token’s value in establishing a bearish momentum during the seven days. By press time, the token was valued at $0.00023, dropping over 11% in a week. LUNC has taken a significant nosedive after weeks of sustained growth powered by several initiatives like community short squeezes. It can be argued that the effects of the general market are now catching up.

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2022-10-24 23:40:08 $650K+ WORTH OF LUNA CLASSIC BURNED, AS TERRA (LUNA) REMAIN STABLE

The Binance exchange burned over 2.5 billion Terra Classic ($LUNC) tokens worth over $650k yesterday. This is the second burn after another burn in the last few days, which also saw a significant chunk of the LUNA Classic (($LUNC) tokens taken out of supply.This on-chain burning of the $LUNC has been one of the moves by LUNC to keep the coin in demand by reducing the supply in the market. However, the Terra community has been exploring other burning options that would complement the performance of the coin in the past few days. The frequent burns mean the supply of $LUNC will be reduced, and the demand for the coin will increase. That’s how LUNA Classic will increase its price growth.

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2022-10-23 22:10:00 Tron Development Activity Grows In The Last 7 Days

Tron (TRX) welcomed the second week of this month with the news of its coin becoming a legal tender in the Commonwealth of Dominica announced by no less than its blockchain founder, Justin Sun.With the development, the crypto, along with other Tron minted coins such as BTT, JST, NFT, USDD, USDT and TUSD, can now be used as medium of exchange within the island nation.Meanwhile, just last September, Sun shared on Twitter that since October 28, 2021, the total number of burned TRX tokens reached 11 billion, dropping the asset’s supply to 71.6 billion.The 15th largest cryptocurrency in terms of market capitalization also recently racked up another achievement, placing 3rd on the list of the most influential BTTs over the last 30 days.

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2022-10-22 23:31:05 Terra Whistleblower Calls Do Kwon ‘Sociopath’ and a ‘Charismatic Manipulator’

Terra creator Do Kwon, who is facing severe scrutiny, recently slammed “misinformation” floating in the media and downplayed serious charges by South Korean authorities as well as Interpol. In an earlier interview, Kwon said to all investors that lost funds that he was sorry. FatMan strongly believes the Terra boss is “putting up a persona.” While revealing having spoken to several individuals who have known Kwon in a personal capacity, the whistleblower called him a “sociopath with very little regard for people’s feelings” and to be known as a “charismatic manipulator when he wants to be.”But FatMan argued that taking “full responsibility” for the “weakness” in Terra’s design that triggered the catastrophic downfall is not enough.

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2022-10-21 23:09:59 While Its Lost 94% in Value Since the Collapse, Terra's Fractured Ecosystem Is Still Worth $2.5 Billion

The Terra ecosystem fallout was a dark day for the crypto community when Terra’s stablecoin terrausd (UST), now known as UST classic (USTC), depegged from the token’s $1 parity. Before the collapse, Terra’s luna, now known as luna classic (LUNC) was a top ten crypto asset by market capitalization and Terra’s stablecoin also held a top ten position. Prior to the fallout, luna held the seventh position in terms of crypto market caps, and on April 28, Terra’s native crypto asset was trading for $88 per coin. Furthermore, in terms of TVL in defi, Terra had the second largest TVL under Ethereum (ETH) with approximately $29.29 billion held on April 29, 2022.

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2022-10-20 22:10:09 Terra Developers Unveil 4-Year Plan to Revive LUNA Ecosystem

Terra developers floated a new proposal earlier this week as they look to revive the once-mighty network, even as Do Kwon, the platform's controversial co-founder, faces a warrant for his arrest on charges of fraud. Authorities have been searching for Kwon since last month, but he has denied that he is on the run. Termed the “Terra Expedition,” the proposal is a revised version of the developer mining program and developer alignment program that were established when the Terra network started. The majority of LUNA tokens must be voted in favor of the proposal before it can go into effect.

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2022-10-19 23:01:13 New Terra LUNA Classic Tax Burn Means It Could Take 30 Years to Destroy 10 Billion LUNC

Terra Luna Classic community voted to reduce the LUNC tax burn rate from 1.2% to 0.2%, which could now take nearly 29 years to take 10 billion tokens out of circulation. The tax burn is a mechanism that has been put in place to bolster the crypto price by destroying 10 billion LUNC from the total supply. The change is expected to take effect at 12:50 (UTC) on Oct. 19. The decision to change the LUNC tax burn rate received an enthusiastic response from the Terra LUNA Classic community. Many praised the grassroots efforts behind the proposal. With the passage of the initiative by the Terra LUNA Classic governance, Twitter user Akujiro highlighted that community members had brought it forward. Akujiro said the proposal had a vote rate of 82% and it included first-time participation from the crypto exchange KuCoin.

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