Terra Classic burned more than 20 million LUNC tokens in a week to improve the burning rate. The authentication process and new project services running on the Terra Classic network promise to temporarily suspend its LUNC burning mechanism in the data encryption trading center Binance until millions of LUNC tokens are burned in March.
CoinGap has been tracking the burn condition of Terra Classic community every week, and firmly believes that Terra Classic will recover according to the route map recommended by key developer Edward Kim. In addition, the community plans to burn billions of LUNC tokens in 2023.
Although there are several days this week, the community has burned more than 20 million LUNC tokens in the past four days. In January, LUNC burns increased by nearly 4 million cases per week, which shows that the development trend is on the right path.
The highest burning volume this week was the verifier HappyCattyCrypto, which burned more than 9 million LUNC tokens. Secondly, cremation coins burn 7.2 million LUNC tokens, aiming to burn millions of tokens every week.
The submitted authentication process flow LUNC DAO sent more than 1.62 million LUNC dynamic passwords to the burning detailed address. LUNC DAO is the fifth largest driver of LUNC combustion, burning nearly 435.79 million LUNC. The remaining burns came from a member of the Terra Classic community, mainly including Yanis, a top promoter who sent 1 million tokens to the detailed address of the burn.
Last week, the community damaged more than 16 million LUNC tokens, an increase of 4 million compared with 12 million LUNC dynamic passwords last week.
Edward Kim, a key developer of Terra Classic, put forward Proposal 11310, which was unanimously approved by the Terra Classic community. The proposal aims to upgrade the blockchain technology from v1.0.4 to v1.0.5 and introduce coding to enable future updates.
It will also enable the collaborative L1 daily task team to make corresponding changes to repair the Binance LUNC burn system. If the Terra Classic community cannot make such changes, Binance may terminate its LUNC combustion system.
At the time of writing, the price of LUNC was US $0.0001697, down more than 5% in the past 24 hours.
Load at the same time: With the recovery of Bitcoin market, will data encryption mining sell its BTC shares?
Polkadot was launched in May 2020. In a market dominated by Bitcoin and Ethereum, it quickly established itself as the next generation blockchain. The scale and interoperability problems limit Bitcoin's ability to transfer value without the assistance of
For some newcomers to the currency circle, they are not familiar with the investment in the currency circle, and their understanding of the special currency is not very deep. Therefore, they may be at a loss in the choice of investment methods. Many inves
Lummis is a well-known crypto advocate on Capitol Hill with over $100,000 in crypto.
Several analysts argue that shrimp accumulation is good for the Bitcoin network because it makes the asset more decentralized over time.
ARK Invest filed for a spot Bitcoin ETF in collaboration with 21Shares long before BlackRock did, and its application is reportedly first in line for the SEC’s approval.
Interestingly, the price surge was on the back of increased activity from whales, as indicated by on-chain data. The increased activity led to an increased"/>
Recent market dynamics have seen Solana struggling to break above the $200 mark. A notable bearish factor among these market fundamentals is the recent"/>
DOGE, the internet's favorite memecoin, is back in the spotlight. Recent data reveals a surge in futures market activity, coupled with bullish technical"/>
The recent stratospheric rise of Bitcoin, reaching a new all-time high of $73,000, has sent ripples of excitement and trepidation through the crypto world."/>
Co-founder of Tornado Cash Roman Storm has filed a motion to dismiss the charges levied against him by the US Department of Justice (DOJ)."/>
On Thursday, March 28, a hack occurred on Prisma Finance, a decentralized lending protocol on the Ethereum network. The exploiter carted away about 3,257.7"/>
Once fully licensed in Dubai, Bybit plans to run a full-scope exchange, offering crypto lending, payments, investment and other services.
Tue, 18 Apr 2023