Bounty

Terra Classic

Terra

<ul> 
 <li><strong>$1M bounty announced to incentivize development of a secure system to restore USTC’s $1 peg.</strong></li> 
 <li><strong>LUNC community is optimistic, with analysts projecting a potential 405% price surge.</strong></li> 
</ul>  
<p>The recent rally may signal more volatility, with $0.0001 liquidity at risk, as we <a href="https://www.crypto-news-flash.com/terra-classic-lunc-up-23-is-the-recent-rally-a-sign-of-more-volatility-with-0-0001-liquidity-at-risk/">discussed</a> earlier. Terra Classic (LUNC) is up 23%. The Terra Luna Classic community is focusing on a plan to restore the USTC stablecoin to its $1 peg.</p> 
<p>A proposed bounty of $250,000 has been announced for developers who can create a flawless system to achieve this goal, with potential future rewards exceeding $1 million. The initiative outlines specific requirements such as stability, security, transparency, and scalability, aiming to build a secure, decentralized system with economic incentives to maintain the peg.</p> 
<p>Developers are expected to submit a detailed whitepaper, and selected proposals will undergo community review and governance voting. In a recent update, CNF <a href="https://www.crypto-news-flash.com/terra-classic-lunc-price-forecast-analyst-projects-405-growth-with-target-of-0-00042986/">revealed</a> that an analyst’s forecast projects a 405% growth in Terra Classic (LUNC) price, targeting $0.00042986.</p> 
<h2 id="market-response-and-price-projections">Market Response and Price Projections</h2> 
<p>Referring to the <a href="https://www.crypto-news-flash.com/terra-luna-classic-lunc-announces-oracle-split-logic-update-futures-surge-20/">impact on LUNC and USTC prices</a>, the news has been met with cautious optimism. At the time of writing, LUNC is trading near <strong>$0.000078,</strong> having surged by<span style="color: #008000;"><strong> 0.15%</strong> </span>over the past 24 hours, with a <span style="color: #ff0000;"><strong>1.82%</strong></span> decrease in trading volume over the past week. See the price chart below.</p> 
<p><span data-sheets-root="1"></span></p>
<div class="cryptoboxes" id="mcw-431029" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="terra-luna" data-symbol="LUNC" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>

LUNC News: $1M Developer Bounty Announced as Terra Luna Classic Advances USTC Repeg

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