Terra Classic

TerraClassicUSD

The Terra Luna Classic community has approved a proposal to integrate CertiK as a recognized provider for Know Your Customer (KYC) services. This decision could potentially lead to a recovery in the prices of LUNC and USTC tokens.Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" />The Terra Luna Classic community approved adding CertiK as a KYC provider for developers, aiming to enhance security. Developers must undergo KYC verification before starting any significant work on the platform.<h3 id="community-approves-certik-as-kyc-provider">Community Approves CertiK as KYC Provider</h3>Proposal 12058, titled “Add CertiK as a recognized KYC provider,” has successfully surpassed the pass threshold, gaining significant support from the Terra Luna Classic community. The fact that it <a href="https://cryptosheadlines.com/lunc-and-ustc-community-passes-ustc-repeg-proposal/" rel="noopener noreferrer nofollow">passed before the February 18 deadline indicates the community’s</a> strong sentiment regarding the importance of this proposal.This approval follows the successful passing of KYC proposal 12033, which saw a high voter turnout. Subsequently, two follow-up proposals, 12058 and 12059, were presented for voting on the Station wallet. These proposals aimed to establish further requirements and provide clarification on KYC providers and contributions to the chain without KYC.As outlined in Proposal 12058, CertiK will be designated as the recognized <a href="https://cryptosheadlines.com/terra-classic-approves-kyc-mandate-for-l1-developers/" rel="noopener noreferrer nofollow">KYC provider for all L1 development activities on Terra Classic</a>. This designation aligns with the framework established in Proposal 12033. Additionally, CertiK KYC Teams will be accepted based on their KYC results listed on their leaderboard.The proposal garnered a 75% approval rate, with 10% of votes cast as “No” with veto votes, along with some “No” and 15% “Abstain” votes. Notably, 37 validators, including Allnodes, StakeBin, and TerraCVita, voted in favor. However, Interstellar Lounge voted “No with veto” due to recent conflicting beliefs regarding KYC practices.Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /><h3 id="price-movement-of-lunc-and-ustc-tokens">Price Movement of LUNC and USTC Tokens</h3>The <a href="https://cryptosheadlines.com/lunc-price-soars-8-as-terra-classic-unleashes-game-changing-v2-1-1-parity-upgrade/" rel="noopener noreferrer nofollow">price of LUNC</a> experienced a notable fluctuation, initially falling by 5% before rallying over 15% to reach a recent high of $0.000140. Presently, it is trading at $0.000127. Additionally, there has been a 10% increase in trading volume over the last 24 hours, following a significant 100% surge on Thursday.<a href="https://cryptosheadlines.com/crypto-price-check-february-11th-review-of-ethereum-chainlink-and-beam/" rel="noopener noreferrer nofollow">Also Read: Crypto Price Check: February 11th Review of Ethereum; Chainlink and Beam</a>On the other hand, USTC’s <a href="https://cryptosheadlines.com/solana-sol-price-forecast-strong-fundamentals-point-to-40-rally/" rel="noopener noreferrer nofollow">price witnessed profit booking subsequent to a 40% rally</a> observed yesterday. Currently, it is trading at $0.0325, with its 24-hour <a href="https://cryptosheadlines.com/franklin-templeton-sets-record-low-fee-for-bitcoin-etf/" rel="noopener noreferrer nofollow">low and high recorded</a> at $0.0322 and $0.0383, respectively. Despite this, trading volume decreased by only 5% following an extraordinary 800% surge on Thursday.Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Terra Luna Classic Chooses CertiK for Secure L1 Development

Table of Contents

CryptosHeadlines.com

Other articles published on Feb 16, 2024

Crypto Poses No Threat to USD, Even Amid Bull Run: US Fed Governor

Crypto market hits $2trillion milestone as Bitcoin surpasses $52,000

Coinbase reports impressive Q4 earnings

SkyBridge Capital Founder Predicts Bitcoin to Reach $170000 post Next Halving

Charting PancakeSwap’s Remarkable Journey Through 2024 to 25: From $10.31 to $30.46

Can AVAX profit from rising network activity on Avalanche?

Join our free newsletter for daily crypto updates!