Home > NEWS > USTC Repeg Proposal Approved By Terra Classic Community, Price Jumps 60%

USTC Repeg Proposal Approved By Terra Classic Community, Price Jumps 60%

LUNC News: Terra Classic (LUNC) and TerraClassicUSD (USTC) are witnessing a massive price surge as the community approves USTC Repeg Proposal.

LUNC News reportThe prices of TerraClassic (LUNC) and TerraClassicU.S. (USTC) soared after Binance's warning tags were removed from the login password trading center. Another major reason for the price increase isHKUST restarts the proposal.

USTC Repeg proposes to get the application of Terra street

Key developer Duncan's proposal 11324 "Ziggy:Re-Peg UST (Signal)" has been voted through the Terra Classic street network with 76.40% of the votes.

The proposal aims to upgrade to TerraClassicU.S. (USTC) coin optimization algorithm, using code plus, rate archiving modifier (ERM) to relocate USTC. It mainly includes the research and development of ERM; the consensus gained from developers, CEX and other blockchain markets; and the whole process of testing, modifying and iterating.

Among the verifiers, 37 agreed with the proposal, 5 voted against it and 12 voted against it. Many top validators, such as AllNodes, Orion, StakBin, BTC.Secure, and Classy's Sphere, also support this proposal.

In addition, the proposal put forward by key Terra Classic developer Edwards King to upgrade blockchain technology to v 113101.0.5Recently, it has been passed by the community. L1 collaborative research group has already releasedTerra Classic V1.0.5 upgradeThe connection point can also be updated before the block height of 11543150 is reached on February 14th.

The prices of LUNC and USTC are gradually bullish.

TerraClassicU.S. (USTC), Terra's stable investment finally saw some clear dark clouds. As of this writing, iFLYTEK Technology has soared more than 70%, with a current transaction price of about US $0.041 and a 24-hour turnover of US $189745628.

When Binance, one of the most popular cryptocurrency trading centers, deleted the warning messages in USTC and LUNC, the optimization algorithm stablecoin immediately caught up with the uptrend.

Terra Classic (LUNC), the original chain of franchise stores in the collapsed Terra ecosystem, has already experienced a steady increase, with the current transaction price at $0.0002027, up 17.85% from the previous day. It now ranks 43rd on the CMC list, with a total market capitalization of $1209790645.

Therefore, these cryptocurrencies are worth noting.

Please also refer toTerra Classic Project damaged 16 million LUNC tokens and became the most popular tokens

common problemThe information in this article is only for reference to the author's opinion, not the analysis of investment value.

by wjb news
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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