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“we saw our initial $3M investment back in 2018 turn into $1.6bn at Terra’s 2021 peak, and then down to close to $0 in 2022. Until today, the LUNA (now LUNC) tokens we received still sit on the address we originally received them on, never moved and never sold.” advertisement After the May 2022 Terra-LUNA crisis, the Binance team asked CEO “CZ” whether to sell the tokens, he said “no, let’s just hold.” Also Read: Community Looks To Raise LUNC Gas Fees by 2x and Reduce Staking Undelegation Period Terra Luna Classic Community Reacts to Binance CEO Statement The community reacted positively to Binance still holding LUNC tokens, committing to the development and revival of the Terra Luna Classic chain. It has renewed the sentiment among members to revive LUNC and USTC to $1, taking inspiration from Binance CEO “CZ.” Recommended Articles ...

Crypto exchange Binance and CEO “CZ” support the Terra Luna Classic community by committing to burn LUNC spot and margin trading fees every month. The community now seeks Binance’s support in the USTC repeg through a market module. advertisement However, USTC repeg Quant team member RedlineDrifter’s recent tweet regarding direct communication with Binance is now deleted. The infrastructure and divergence algorithm remains the two primary issues for agreement on USTC repeg. The reason to remove the tweet remains unclear. Meanwhile, the community votes on key proposals to bring crucial changes to the chain. The community pool balance that dropped below 448 million LUNC from 2.3 billion LUNC is slowly rising. The funds in the community pool increased to over 602 million, with validator JESUSisLORD depositing 2.65 million LUNC after the L1TF developer group denied accepting the funds and suggested adding it to the community pool. Read More:...

Also Read: HBAR Crypto News: ChatGPT Plugin Live For Hedera Network advertisement Meanwhile, the Terra Classic Price ( LUNC ) is set to close the week in net gain of around 1.3%. Earlier, CoinGape reported that recent Terra Classic price trends indicate possibility of challenging the long-pending resistance trendline. Terra Luna Classic LUNC Six Samurai Team With a total expenditure for the third quarter of 2023 at $116,000, the team proposes an L1 roadmap that includes migrating from Columbus-5 to Columbus-6 and updated to the Cosmos SDK. Also, part of the roadmap proposed by the team is the plan to pursue Terra Classic listing on Keplr’s Web Interface, an analytic visualizations web tool and Mintscan, a Cosmos block explorer for crypto exchanges and customers. The proposal said, “To accomplish a true revival of the ecosystem, we are prepared to do the hard work. We will also coordinate and cooperate with any other teams that win a mandate ...