Bitcoin ETF

Terra

Chains

Cosmos

Terraform Labs’ new CEO Chris Amani shared exciting news for the Cosmos community to support infrastructure for all Cosmos chains. The Foundation business model would be willing to run the infrastructure for all chains on Cosmos, cutting down the massive costs. Cosmos ecosystem tokens’ prices have jumped massively after the announcement.
Terra Luna Classic community members also reached out to LUNC developers to use the opportunity and cut unnecessary infrastructure costs the community pays.
<h2 id="terra-announces-infrastructure-support">Terra Announces Infrastructure Support</h2>
Terraform Labs CEO Chris Amani in a TFL Telegram group revealed one of the business models of Foundation to run infrastructure for teams that don’t want to deal with this or don’t have the team to do it.
He added that it’s free for all applications that launch on Terra, but TFL can also run infrastructure for entire chains on Cosmos.
<blockquote>
 “The model we have in mind is that they pay for it by implementing alliance and directing a negotiated amount of inflation to LUNA. The offer is applicable to all chains in Cosmos, including chains that end in the word Classic.”
</blockquote>
Popular Terra Luna Classic member Mr. Diamondhandz1 <a rel="noopener noreferrer nofollow" href="https://twitter.com/MrDiamondhandz1/status/1719020910504460780" target="_blank">shared</a> the bullish news with the community, sparking excitement in the community.
Read More: <a href="https://coingape.com/terraform-labs-and-do-kwon-seek-summary-judgement-in-sec-battle/" target="_blank" rel="noopener noreferrer nofollow">Terraform Labs and Do Kwon Seek Summary Judgment in SEC Lawsuit</a>
<h2 id="cosmos-ecosystem-tokens-shoots-higher">Cosmos Ecosystem Tokens Shoots Higher</h2>
Meanwhile, tokens in the Cosmos ecosystem jumped after the announcement. ATOM price increased by 8% in 24 hours and is now quoted at $8.13. Whereas JUNO increased by 142% to $0.66, OSMO rose 25% in 24 hours and is now quoted at US$0.391, and EVMOS rose 28% in the small market and is now quoted at $0.071.
However, Terra Luna Classic (LUNC) price fell 3% in the past 24 hours, reducing the <a href="https://coingape.com/terra-luna-classic-lunc-and-ustc-prices-rally-nearly-15-heres-why/" target="_blank" rel="noopener noreferrer nofollow">last week’s gain</a> to nearly 7%. The 24-hour low and high are $0.0000635 and $0.0000664, respectively.
Also Read:
<ul>
 <li><a title="Binance Launches Buy Low-Sell High For BTC, SOL, XRP, DOGE &amp; Other Top Crypto" href="https://coingape.com/binance-launches-dual-investment-for-btc-sol-xrp-doge/" target="_blank" rel="noopener noreferrer nofollow">Binance Launches Buy Low-Sell High For BTC, SOL, XRP, DOGE &amp; Other Top Crypto</a></li>
 <li><a title="Breaking: Valkyrie Updates Spot Bitcoin ETF Prospectus With US SEC" href="https://coingape.com/valkyrie-updates-spot-bitcoin-etf-prospectus-with-us-sec/" target="_blank" rel="noopener noreferrer nofollow">Valkyrie Updates Spot Bitcoin ETF Prospectus With US SEC</a></li>
 <li><a title="Sam Bankman-Fried’s Attorneys Submit Jury Instructions In Hopes Of “Not Guilty” Verdict" href="https://coingape.com/sam-bankman-fried-attorneys-submit-jury-instructions/" target="_blank" rel="noopener noreferrer nofollow">Sam Bankman-Fried’s Attorneys Submit Jury Instructions In Hopes Of “Not Guilty” Verdict</a></li>
</ul>
The post <a rel="noopener noreferrer nofollow" href="https://coingape.com/terra-ceo-chris-amani-good-news-all-cosmos-chains-lunc/">Terra CEO Chris Amani’s Good News For All Cosmos Chains Including LUNC</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coingape.com">CoinGape</a>.

Terra CEO Chris Amani’s Good News For All Cosmos Chains Including LUNC

Table of Contents

Coingape News Media

Other articles published on Oct 31, 2023

Warren Buffett’s ‘crypto stock’ beats Apple and Amazon — but not Bitcoin

High Interest Rates Provides Potential for Tokenization: Coinbase

SUI Price Faces Risk with $15.88M Token Unlock

XRP May See 77% Rise in November, According to XRP Price History

How Can I Buy Bitcoin?

61.03T at block 812,835: Bitcoin mining difficulty soaring

Join our free newsletter for daily crypto updates!