#lunc
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What is Terra Luna Classic (LUNC)? Project overview
The Terra Luna Classic (LUNC) is the native token of the original Terra blockchain. The token gained notoriety not only for its initial growth after launch but also for its subsequent plummet, resulting in nearly a 100% loss in value during the TerraUSD (UST) collapse. USTC Repeg's proposal declined by Terra Luna Classic
The community of Terra Luna Classic has dismissed the USTC Repeg team's request for funding. Voting outcomes showed 45% in support, 43% objecting with veto power, and 11% rejected it outright.
Even though 11 of the 17 validators were in support, the proposal failed to gain traction with the general public. The request was for 285 million LUNC ($20,000) to refine an instrument for the USTC Incremental Repeg Buybacks & Staking Swaps algorithm. What's up with crypto LUNAtics?
The LUNC community is having a vote (https://atomscan.com/terra/votes/11324) we all deserve. Namely: a proposal to re-peg the USTC stablecoin to $1.
Better yet, the decision has almost been made. Following the news, USTC increased by 60% in just 10 hours, and the internal token LUNC caught up and rose by 20%.
Hey, why stop at $1? Don’t you think that $10-$15 sounds juicier? After all, you’re the only ones in the "moon" market, so you probably won’t face any issues with interest either. 1 - 4 of 4 results