Burn

Million

Terra

Momentum

Read

<div class="coingape"> 
 <h2 id="terra-luna-classic-community-favors-to-burn-800-million-ustc">Terra Luna Classic Community Favors To Burn 800 Million USTC</h2> 
 <p><strong>Proposal 11658</strong>&nbsp;“Return of Community funds not used” by ex-Terra Rebels developer group member&nbsp;<strong>Vegas </strong>has passed with 70.27% “Yes” votes. He recommended returning 800 million USTC on-chain funds to the Terra Luna Classic community pool as the Ozone Protocol project is not actively following the proposed development plan.</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> 
 <p>However, the counter <strong>Proposal 11660 “</strong>Burn 100% of Funds Should Prop: 11658 Pass” receives 82.55% “Yes” votes. It claims that a large portion of the community is requesting to burn 800 million tokens. Thus, even if Proposal 11658 passes, the counter-proposal will prevail as it has received more votes.</p> 
 <p>The community needs to wait for another similar proposal that suggests burning 80% and sending 20% to the community pool for developers. Notably, the proposal hasn’t received many votes in favor as only 46% agreed with it.</p> 
 <p>The preparations for returning funds have already started as developers started contacting and approving a transfer of 800 million USTC tokens. Amid the USTC repeg efforts, a revival of LUNC only after the USTC repeg narrative is picking up pace. Prominent members believe LUNC has a better roadmap for revival, with market cap and utility continuously growing.</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/2023/08/06/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/06/cf35a15cb82cd1ed6fc87ff4ecbfc001.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/2023/08/06/9acafad721dcbc6c15e6daccd38017cb.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/06/9acafad721dcbc6c15e6daccd38017cb.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">Best Crypto Exchange Affiliate Programs In 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" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/06/f88de9f91a8c6b7926f52e209e8f697e.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/06/f88de9f91a8c6b7926f52e209e8f697e.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [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" 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/2023/08/07/e59946958a3ce000f279efb2e1b9c852.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/07/e59946958a3ce000f279efb2e1b9c852.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 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/2023/08/05/48cfebc8a0493db9937bed5dd005ee19.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/05/48cfebc8a0493db9937bed5dd005ee19.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> 
 <p><strong>Read More: Terra Founder Do Kwon Sells More LFG-Linked Bitcoin As SEC Lawsuit Moves Ahead</strong></p> 
 <h2 id="lunc-and-ustc-need-upside-momentum">LUNC and USTC Need Upside Momentum</h2>  
 <div class="quads-location quads-ad124348 " id="quads-ad124348" style="float:none;text-align:center;padding:0px 0 0px 0;">   
 </div> 
 <p>According to CoinGape Markets, Terra Luna Classic can recover above the $0.00009 support level. However, the weakness in the broader crypto market caused LUNC and USTC to fail to build upside momentum.</p> 
 <p>LUNC price fell 0.5% in the past 24 hours, with the price currently trading at $0.000077. The 24-hour low and high are $0.0000776 and $0.0000794, respectively.</p> 
 <p>Meanwhile, USTC price trades at $0.0158, up nearly 5% in the past 24 hours and 31% in a month. The trading volume has increased by 25% in the 24hrs.</p> 
 <p><strong>Also Read:</strong></p> 
 <ul> 
  <li>PayPal Launches USD Stablecoin PYUSD Pushing Crypto Payments</li> 
  <li>Popular Analyst Predicts Bitcoin Crash Below $25000, Dogecoin To Rally</li> 
  <li>Aave Proposal To Prohibit Curve Finance CRV Borrowing Officially Passed</li> 
 </ul> 
</div>

Terra Luna Classic Proposals To Burn 800 Million Tokens Officially Passed, USTC & LUNC To $1?

目錄

TheBitTimes

在 2023年8月7日發表的其他文章

US House Panel's Patrick McHenry Reacts To PayPal Stablecoin

PayPal Enters Stablecoin Realm With PYUSD

Bitcoin Forms Third Golden Cross In History, Recovery to ATH?

The SEC Approves Ark Invest’s Bitcoin ETF in the US!

Popular Analyst Predicts Bitcoin Crash Below $25000, Dogecoin To Rally

Huobi Faces Insolvency Rumors Amid $USDT Selloff

訂閱免費電子報，每天收取加密貨幣最新動態！