Revive

Terra Classic

Terra

Read

<div class="coingape"> 
 <h2 id="terra-luna-classic-proposal-to-revive-lunc-and-ustc-fails">Terra Luna Classic Proposal To Revive LUNC and USTC Fails</h2> 
 <p>Proposal 11767 “Test market swap with mint limiter” aims to make the L1TF test using the limiter in the market swap only, which will successfully reopen the LUNC and USTC market swap. Terra Luna Classic community enabling the market swap function will significantly reduce LUNC and USTC supply and help the community meet its vision of USTC repeg to $1 and Terra Luna Classic (LUNC) revival to $1.</p>  
 <div class="quads-location quads-ad90952 " id="quads-ad90952" style="float:none;text-align:center;padding:0px 0 0px 0;"> 
  <div class="ad1"> 
   <div class="advertised"> <span class="ad-placeholder">advertisement</span> 
   </div> 
  </div> 
  <div id="my-banner-ad" class="d-inline-block"></div> 
 </div> 
 <p>However, the USTC Quant Team and L1 <a rel="noopener noreferrer nofollow" title="Terra Classic" href="https://thebittimes.com/tag/terra-classic.html">Terra Classic</a> Task Force denied the benefits of testing&nbsp;using the limiter in the market swap only at this time. Quant team member RedlineDrifter earlier shared several issues with the market module. It caused Allnodes, a validator with 17.25% of voting power to refuse the proposal.</p> 
 <p>The proposal has received only 45% “Yes” votes, but gets 50%”No” and 5% “Abstain” votes. Among 38 validators who voted, 17 including Interstellar Lounge, Stakely, JESUSisLORD, and TerraCVita favor the proposal. Meanwhile, 17 validators including Allnodes, HappyCattyCrypto, and TCB rejected the proposal. Thus, the proposal fails to surpass the “pass threshold.”</p> 
 <p><strong>Read More: Terra Luna Classic Community Passes v2.2.1 Core Upgrade Proposal</strong></p>  
 <div class="quads-location quads-ad148831 " id="quads-ad148831" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="NewTrendin dsdsd m-on"> 
   <h5> 
    <svg class="inline-block w-5 ml-1 text-black _text-digg-blue" width="34" height="20" xmlns="//www.w3.org/2000/svg" viewbox="0 0 17 17" fill="currentColor"> <path fill-rule="evenodd" d="M12 7a1 1 0 110-2h5a1 1 0 011 1v5a1 1 0 11-2 0V8.414l-4.293 4.293a1 1 0 01-1.414 0L8 10.414l-4.293 4.293a1 1 0 01-1.414-1.414l5-5a1 1 0 011.414 0L11 10.586 14.586 7H12z" clip-rule="evenodd"></path> 
    </svg>Recommended Articles </h5> 
   <div class="TrendSList owl-carousel owl-relatedpostar"> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/11/7e58ad9c1a42839a3662e4795facbe5e.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/11/7e58ad9c1a42839a3662e4795facbe5e.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Crypto Presale Projects For 2023 To Invest; Updated List </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/11/472515f3ab5ae759f4e49d6afa8bc33a.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/11/472515f3ab5ae759f4e49d6afa8bc33a.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Crypto Telegram Channels List 2023 [UPDATED]</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/11/538437580b529f127562491e7213369a.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/11/538437580b529f127562491e7213369a.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Best Crypto Exchanges and Apps September 2023 </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/11/8f32e5e326a5041be0cd38c65f5c51f1.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/11/8f32e5e326a5041be0cd38c65f5c51f1.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Top Meme Coins to Buy Now: What You Need to Know</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/10/48cfebc8a0493db9937bed5dd005ee19.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/10/48cfebc8a0493db9937bed5dd005ee19.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Top 10 Web3 Games To Explore In 2023; Here List</h6> <span>Must Read</span> 
    </div> 
   </div> 
  </div> 
 </div> 
 <h2 id="lunc-and-ustc-falls">LUNC and USTC Falls</h2>  
 <div class="quads-location quads-ad124348 " id="quads-ad124348" style="float:none;text-align:center;padding:0px 0 0px 0;">   
 </div> 
 <p>LUNC price fell 5% in the past 24 hours, with the price currently trading at $0.000056. The 24-hour low and high are $0.0000565 and $0.0000605, respectively.</p> 
 <p>Meanwhile, USTC price trades at $0.012, down more than 7% in the past 24 hours. The 24-hour low and high are $0.0119 and $0.0132, respectively.</p> 
 <p>Altcoins are witnessing a selloff and major crypto Ethereum, XRP, Solana, Dogecoin, Shiba Inu, and others fell suddenly. Meanwhile, Bitcoin slid only 0.30% in the last 24 hours, but risks falling due to death cross pattern formation.</p> 
 <p><strong>Also Read:</strong></p> 
 <ul> 
  <li>Crypto Market Selloff: Here’s Why ETH, XRP, SOL Prices Falling Sharply</li> 
  <li>Will Binance Objects US SEC Motion To Seal Docs? Pro-XRP Attorney Deaton Weighs In</li> 
  <li>Crucial Week For Crypto Market To Confirm Bullish Or Bearish Trend For The Year</li> 
 </ul> 
</div>  
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/terra-luna-classic-divided-on-proposal-to-revive-lunc-to-1-tbt62290.html">https://thebittimes.com/terra-luna-classic-divided-on-proposal-to-revive-lunc-to-1-tbt62290.html</a></p>

Terra Luna Classic Divided On Proposal To Revive LUNC To $1

Table of Contents

TheBitTimes

Other articles published on Sep 11, 2023

The Emergence of Decentralized Autonomous Organizations (DAOs)

Self-Custody Wallets: The Gateway to Web3?

Today in Crypto: Bitcoin User Pays $500,000 Fee to Transfer $200, Animoca Brands Raises $20 Milli...

India explores new features for CBDC amid weak retail activity

XRP Continues Its Horizontal Trend And Holds Above $0.48

Ripple vs. SEC Update: Former SEC Expert Analyzes Ripple’s Appeal Chances

Join our free newsletter for daily crypto updates!