From my personal experience NEVER buy swapped tokens that have changed names, like matic to $POL and front to $SLF these are all ways to steal ur money.
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Massive Token Burn and Shuttle Bridge Closure: Terra Classicās Final Chapter
In a definitive move to wind down its operations, Terraform Labs (TFL) has initiated significant steps to permanently reduce the circulating supply of LUNC and USTC. Following a court directive as part of TFLās Chapter 11 case, a major token burn event was conducted, coupled with the permanent closure of the Shuttle Bridge. These actions mark the beginning of the end for TFLās involvement, signaling a transition toward a community-led Terra Classic. Notably, this is just the beginningāadditional burns are anticipated as TFL prepares to eliminate all tokens held across its various wallets.
The Impact of the Shuttle Bridge Closure The Shuttle Bridge was once a vital component of Terraās infrastructure, enabling transfers of assets between Terra and other blockchains. However, with TFL concluding its activities, it was decided that the bridge would be permanently closed. Users were given a 30-day window to redeem their assets from the Shuttle Bridge wallet. After this period, any remaining assets were systematically burned, effectively eliminating them from circulation. This massive burn not only signifies the end of the Shuttle Bridge but also aligns with TFLās objective of reducing the circulating supply of LUNC and USTC. By reducing the supply, TFL aims to leave a more balanced ecosystem for the Terra Classic community, while cementing its final exit from the project.
Why Burn Tokens? A Final Gesture to the Community Token burns have often been used in the crypto space to increase scarcity and potentially boost value. For Terra, this final burn represents more than a simple reduction in supply; itās a gesture to the community, signaling TFLās intent to conclude its role in a way that benefits remaining stakeholders. In this initial burn, over 249 billion LUNC and 174 million USTC were destroyed. This significant reduction is designed to support a healthier token economy and to stabilize value within the Terra Classic ecosystem as TFL prepares to fully step away. However, this is just the startāTFL is expected to burn all remaining tokens held in its multiple wallets, further decreasing the circulating supply. Each subsequent burn will reinforce the scarcity of LUNC and USTC, positioning the community to inherit an ecosystem with a more controlled supply.
Community Reactions and Prospects for Terra Classic The Terra community has been abuzz with reactions to these final steps by TFL. While many see the burns as a constructive exit strategy, the move also raises questions about the future direction of Terra Classic. On platforms like Binance Square, X, and Reddit, community members are discussing the possible outcomes and speculating on how a community-led Terra Classic will evolve without TFLās involvement. The end of TFLās operations does mean the Terra Classic community must now navigate its own path forward. The burn provides a degree of stabilization, but much depends on how the community will take ownership of the project, building on the foundation left by TFL.
Whatās Next for LUNC and USTC? With TFL officially winding down, the fate of Terra Classic lies in the hands of its community. This final burn and exit from the ecosystem mark a symbolic and practical transfer of responsibility. The Terra Classic community is now tasked with driving innovation, governance, and development for LUNC and USTC. For Terra supporters, these recent actions offer a mix of finality and opportunity. Without TFL, the potential for a community-driven Terra Classic is ripe, and the reduced supply of tokens could contribute to a more stable future, should the community rise to the challenge. As TFL proceeds to burn all tokens held in its wallets, the Terra Classic community can anticipate further reductions in supply, setting the stage for a potentially stronger token economy in the long term.
Join the Conversation As TFL steps away, the journey of Terra Classic begins anew under the guidance of its community. With each new burn, the future of Terra Classic becomes a canvas for the community to shape. Stay tuned for more updates and insights as we all watch to see where this community-driven future will lead.
People dumping $MATIC due to Binance warning of token removal should stop and read further.
On September 4th, the long-awaited upgrade from $MATIC to $POL continues. In the initial phase, $POL replaces $MATIC as the native gas and staking token for the Polygon PoS network. In subsequent phases, $POL will serve a crucial role in the AggLayer.
Binance will support the migration, which will happen on September 10th.
- SAR Parabólico: A proximidade dos pontos SAR com as velas sugere que a força da tendência de alta recente pode estar diminuindo, sinalizando cautela aos investidores.
- RSI: Com um RSI de 45,45 para o perĆodo de 12, o ativo nĆ£o estĆ” sobrecomprado nem sobrevendido. No entanto, um valor mais recente de 55,33 indica um leve aumento na pressĆ£o compradora, ainda sem muita convicção.
Mercado Cripto: Recuperação à Vista? AnÔlise das Baleias e a Volatilidade Recente
O mercado de criptomoedas comeƧou a semana sob forte pressĆ£o vendedora, mas os sinais de recuperação comeƧaram a aparecer. O Bitcoin (BTC), que teve uma queda acumulada de mais de 4% nos Ćŗltimos dias, estĆ” mostrando um movimento de recuperação nesta quinta-feira (8). Apesar das perdas, a estabilização do mercado traz um sopro de alĆvio para os investidores.
Por outro lado, o Ethereum (ETH) tem sido a criptomoeda com o pior desempenho entre as dez maiores do mundo. A volatilidade das altcoins continua alta, e o ETH registrou uma queda impressionante de 16,3% nos Ćŗltimos sete dias. Esse movimento reflete a incerteza e o comportamento de diferentes tipos de investidores no mercado.
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Yesterday, David Goebelt of LBUN Project took X by storm with the announcement of a land parcel tokenization protocol that is going to be deployed on Terra Classic blockchain.
What is LandRush Protocol? The LandRush Protocol is a groundbreaking initiative that leverages the Terra Classic blockchain to tokenize real-world assets. It allows users to own and manage actual parcels of land through the issuance of Land Rush Tokens (LRT) and Acre NFTs. This protocol aims to provide tangible value and utility to cryptocurrency investments, bridging the gap between digital assets and real-world property.
Why It Matters 1. Real-World Asset Tokenization: ⢠Unlike traditional cryptocurrencies that often lack real-world utility, the LandRush Protocol offers the opportunity to own and use actual land. This includes options for recreation, building cabins, farming, and more. 2. Low Transaction Costs & Censorship Resistance: ⢠The protocol ensures minimal transaction fees and a censorship-resistant system, providing a secure and efficient way to invest and manage assets. 3. Sustainable and Scalable: ⢠By integrating land ownership with blockchain technology, the protocol creates a sustainable model that can scale with demand, offering both stability and growth potential.
How It Can Boost Terra Classic 1. Strengthening the Blockchain: ⢠The LandRush Protocol uses the Terra Classic blockchain for secure and transparent transactions, enhancing the blockchainās utility and appeal. 2. Increasing Token Demand: ⢠As users buy and use Land Rush Tokens and Acre NFTs, the demand for Terra Classic tokens increases. This drives up the tokenās value and reinforces its ecosystem. 3. Real-World Impact: ⢠By tying cryptocurrency to tangible assets, the LandRush Protocol adds real-world relevance to Terra Classic. This not only attracts more users but also builds trust and credibility in the blockchain. 4. Community and Governance: ⢠DAO-based governance gives NFT holders a voice in managing land use and trust operations. This democratic approach fosters community engagement and long-term commitment to the Terra Classic blockchain.
Unexpected Turn of Events After Exchange Hack: BTCTurk Delists LUNC
In an unexpected development following a recent cyberattack, BTCTurk has announced the delisting of Luna Classic (LUNC) from its platform. This decision comes amid significant market activity and security concerns. Here's what you need to know: This decision does not affect other nine cryptocurrencies listed on BTCTurk affected by the attack. Transactions will continue as usual, adhering to the same security principles, including those impacted by the recent cyberattack. This announcement marks a significant turn of events as BTCTurk navigates the aftermath of the security breach. Users are encouraged to stay informed through official BTCTurk channels for any further updates.
In light of the recent hack, should @BtcTurk_Global step in to buy back the assets dumped by hackers on the open market? #btctürk #CryptoHack #LUNC #AVAX #CryptoCommunity
In a yet another Xās Space discussion, Terraform Labs CEO Chris Amani further elaborated upon the handling of TFL and LFG fund. Key insights were shared, focusing on transparency, process timelines, and community involvement. Here are the essential updates:
Wallet Transparency and Burning Process The meeting commenced with a clear intent to address the communityās concerns swiftly. One of the primary questions was whether Terraform Labs (TFL) would assist in identifying and burning LUNC and USTC tokens still held in various wallets. The response was reassuring: TFL is committed to burning these tokens to avoid any uncertainty regarding the destruction of keys. This process aims to ensure that the tokens are effectively removed from circulation, and transparency is maintained through shared addresses that track the burning process.
Estimated Time Frame The community's significant concern about the time frame for completing this process was addressed. The conservative estimate provided was a few months, though efforts will be made to expedite the process to alleviate any lingering concerns about the tokens' status.
Clarification on LFG and TFL Wallets There was a need to clarify control over the Luna Foundation Guard (LFG) assets and the associated wallet lists. It was explained that while TFL controls some keys on behalf of LFG, it cannot make independent decisions about these assets. LFG's decisions are autonomous, and any actions taken will comply with legal directives.
Insights on LFG Assets Chris provided detailed insights into LFG's assets, noting that they are primarily concentrated in two addresses holding BTC, BNB and AVAX. This clarification helps the community understand the current status and distribution of these assets.
Community-Driven Wallet Management In response to a suggestion about blacklisting and burning wallets if TFL could not do it, Chris expressed support for community-led initiatives. The community was encouraged to manage their chain and wallets as they see fit, underscoring the decentralized and collaborative approach. The words from Chris were crystal clear: āItās your guys chains so you guys should do whatever you want with those wallets!ā
Conclusion This follow-up discussion underscores the ongoing commitment to transparency, community involvement, and proper handling of Luna Classic and associated tokens. The measures being taken, including burning tokens and sharing wallet information, aim to prevent misuse and ensure compliance with legal restrictions. The Luna communityās proactive role in this process highlights the decentralized spirit of the ecosystem.
As the process unfolds, more updates will be shared, ensuring that the community remains informed and engaged. Stay tuned for further developments on this critical issue.
BREAKING: Sell Off of Over 350,000,000,000 $LUNC Amid Suspected Cyberattack on BTCTurk
Major Sell-Off in the $LUNC Community Raises Alarm In a dramatic turn of events, the Luna Classic ($LUNC) community witnessed a massive sell-off early today, potentially linked to a cyberattack on the exchange BTCTurk. At 02:03 UTC, a staggering 325,462,929,110 $LUNC was withdrawn from a wallet believed to be associated with BTCTurk (terra14s5eqfppup8ymjywf3devy8gy75nsrqkq3utjj). This withdrawal set off a series of large deposits to this wallet, followed by multiple withdrawals.
The majority of these funds were then funneled through a complex network of wallets, suggesting an attempt to obscure the origin and ownership of the funds. Initially, the funds were moved to a decoy wallet (terra1363q4efgdepqjw4rt4p5ttxrh44gnkwlmrfknq) and subsequently to a second decoy wallet (terra14r8mxz4v49mwtdp30w07um483zqmgwljquqpwp), before finally being deposited to Binance (terra1frh79vmtur5fmrghz6gfjvfhpa3u2c0uemv4af). The intricate transaction route and the coordinated nature of these movements suggest the involvement of a single entity or group, rather than multiple independent parties. This orchestrated activity raises significant concerns about the motives behind such a sophisticated transaction path. The transactions collectively account for nearly the entire 6.5 billion $LUNC burn, as reflected on @StakeBin's burn tracker. Impact on $LUNC Price At approximately 02:15 UTC, shortly after the initial deposit to Binance, the price of $LUNC began to decline. The sell-off began with the sale of the first 100 billion $LUNC, contributing to the downward pressure on the token's price. Speculation on Cyberattack and Regulatory Avoidance This significant sell-off raises questions about the motivations behind such actions. One theory suggests that the sell-off is a direct result of a cyberattack on BTCTurk, with the attackers liquidating their stolen holdings to avoid detection and capture. Additionally, there is speculation that the funds may have evaded regulatory oversight in the recent SEC case, prompting the owner to liquidate their holdings to avoid potential legal repercussions. The coordinated nature of these transactions and the use of multiple decoy wallets suggest a well-planned strategy to obscure the origins and destination of the funds. The $LUNC community is left speculating on the implications of these transactions and the future impact on the token's value. As more details emerge, the community will be keenly watching for further developments and clarifications. Stay tuned for more updates on this unfolding situation.
Handling of TFL and LFG Funds: Key Points from the Xās Space ft Chris Amani
In a recent discussion over X, the handling of Luna Classic (LUNC) and associated tokens held by TFL and LFG was a primary focus. Key insights were shared, providing clarity on the future of these funds. Here are the essential takeaways: Funds Holding and Burning A question was raised by a community member about whether the LUNC and USTC funds held by the Luna Foundation Guard (LFG) would be burned. The response clarified that the agreed settlement involves destroying the keys to the wallets holding the funds, effectively making them inaccessible and unusable. Control Over Funds Chris Amani, Terra CEO, emphasized that he has no control or input over the decisions made by the Court regarding these funds. Additional Funds in TFL Treasury The discussion also touched upon the presence of USTC and LUNC funds in the Terraform Labs (TFL) treasury. The plan is to destroy the keys to the wallets holding those funds as well, ensuring they cannot be accessed or used. Destroying Keys vs. Burning Tokens While there was a suggestion that burning the tokens might be simpler than destroying the keys, Chris noted that the process depends on the availability of the keys. Some old wallets may no longer have accessible keys, which complicates the burning process. Legal Constraints It was confirmed that these funds are legally restricted from being sold or given to creditors. The settlement ensures that all tokens are either burned or have their keys destroyed, preventing any potential misuse. Assurance of Non-Sale Assurance was given that the tokens would not be sold or transferred to creditors. This ensures that the remaining funds remain inaccessible and unusable, in line with legal and settlement agreements. Conclusion This discussion provides important insights into the future handling of LUNC and UTSC held by TFL and LFG. The measures being taken, such as destroying keys or burning tokens, ensure that these funds are managed in a way that prevents them being dumped. The community can rest assured that these tokens will not re-enter circulation or be used improperly.
Stay tuned for more updates on this topic as the process unfolds and further details are shared.
BNB Surpasses 710 USDT with a 13.00% Increase in 24 Hours
On June 5, 2024, at 01:30 (UTC), according to Binance Market Data, BNB surpassed the benchmark of 710 USDT and is now trading at 710 USDT, marking a 13.00% increase in the past 24 hours.
Over the past week, BNB has shown a remarkable upward trend, experiencing a total increase of 25%. This surge can be attributed to several key factors that have bolstered investor confidence and driven demand for the token.
1. Recent Launchpads - Binance has successfully launched several new projects on its Launchpad platform, drawing significant attention from the crypto community. These launchpads have not only introduced promising new tokens but have also increased the utility and demand for BNB, which is used for participating in these events.
2. Future MegaDrops Events - MegaDrops events are expected to be major catalysts for further growth. These events typically involve the distribution of large amounts of new tokens to BNB holders, creating additional incentives for holding and acquiring BNB.
3. General Market Sentiment - Positive sentiment in the broader cryptocurrency market has also contributed to BNB's rise. As major cryptocurrencies like Bitcoin and Ethereum have rallied, BNB has benefited from the overall bullish trend.
Recent Data for BNB
- Current Price: 710 USDT - Market Value: $120 billion - Trading Volume in the Last 24h: $5 billion
Looking Ahead
With the successful execution of recent launchpads and the anticipation of future MegaDrops, BNB is positioned for continued growth. Investors are closely watching these developments, as they have the potential to drive even greater demand and value for BNB.
Stay tuned for more updates on BNB's performance and upcoming events in the crypto market.
Terra Luna Classic v3.0.1 Upgrade The Terra Luna Classic blockchain, a layer 1 platform, is preparing for a significant upgrade to version 3.0.1. The proposal, submitted by Genuine Labs, received unanimous approval from the community and validators, paving the way for a major overhaul of the network.
Key Improvements in the V3.0.1 Upgrade 1. Cosmos SDK v0.47 - An important update to the software development kit, improving the overall performance and functionality of the network. It facilitates the creation and implementation of decentralized applications (dApps). 2. wasmd v0.45 - Enhances the execution of smart contracts, ensuring faster and more secure operations, thus increasing the reliability and efficiency of the network. 3. ibc-go v7 - Facilitates interaction between different blockchain networks, allowing for smoother and more efficient interoperability.
Market Impact 1. Adoption and Growth - The significant improvements could attract more developers and users to the platform, driving the adoption and growth of the Terra Luna Classic network.
2. Investor Confidence - A more robust and functional network can increase investor confidence in LUNC, potentially raising its market value and trading volume.
Recent Data for LUNC Token - Current Price: $0.00012 - Market Value: $800 million - Trading Volume in the Last 24h: $50 million
Stay tuned to our networks for more updates and get ready to explore new possibilities with Terra Luna Classic.
The Terra Luna Classic blockchain, a layer 1 platform, is preparing for a significant upgrade to version 3.0.1. The proposal, submitted by Genuine Labs, received unanimous approval from the community and validators, paving the way for a major overhaul of the network. ### Key Improvements in the V3.0.1 Upgrade 1. Cosmos SDK v0.47 - An important update to the software development kit, improving the overall performance and functionality of the network. It facilitates the creation and implementation of decentralized applications (dApps). 2. wasmd v0.45 - Enhances the execution of smart contracts, ensuring faster and more secure operations, thus increasing the reliability and efficiency of the network. 3. ibc-go v7 - Facilitates interaction between different blockchain networks, allowing for smoother and more efficient interoperability. ### Market Impact 1. Adoption and Growth - The significant improvements could attract more developers and users to the platform, driving the adoption and growth of the Terra Luna Classic network. 2. Investor Confidence - A more robust and functional network can increase investor confidence in LUNC, potentially raising its market value and trading volume. Recent Data for LUNC Token - Current Price: $0.00012 - Market Value: $800 million - Trading Volume in the Last 24h: $50 million Stay tuned to our networks for more updates and get ready to explore new possibilities with Terra Luna Classic. #TerraLunaClassic #LUNC #Blockchain #CryptoAssets #Upgrade #Innovation
1. Otimização de Desempenho ⢠A nova versão inclui otimizações que melhoram a velocidade de sincronização e a eficiência geral da rede. Isso significa que os nós da rede poderão processar transações de forma mais rÔpida e com menor consumo de recursos. 2. Segurança Aprimorada ⢠Com novas camadas de segurança, o Bitcoin Core 28.0 fortalece a proteção contra ataques de rede e vulnerabilidades conhecidas. Isso proporciona maior confiança aos usuÔrios na integridade e segurança das suas transações. 3. Melhorias na Interface de UsuÔrio ⢠A interface de usuÔrio foi refinada para tornar a interação mais intuitiva e amigÔvel, facilitando o uso tanto para iniciantes quanto para usuÔrios experientes. 4. Suporte para Novos Recursos de Privacidade ⢠O upgrade incorpora novas funcionalidades focadas na privacidade das transações, como o aprimoramento do CoinJoin, que permite a mistura de transações para dificultar o rastreamento das mesmas. 5. Compatibilidade com SegWit e Taproot ⢠O Bitcoin Core 28.0 oferece suporte completo para SegWit e Taproot, duas atualizações importantes que melhoram a escalabilidade e a privacidade das transações. Essas melhorias ajudam a reduzir as taxas e aumentar a capacidade de transações por bloco.
Dados Recentes do Token BTC
⢠PreƧo Atual: $67,550 ⢠Valor de Mercado: $540 bilhƵes ⢠Volume de Negociação nas Ćltimas 24h: $45 bilhƵes
No dia 29 de maio, a BlackRock atualizou seu FormulĆ”rio S-1 para o iShares Ethereum Trust (ETHA) junto Ć SEC, quase uma semana após o regulador aprovar seu formulĆ”rio 19b-4 ā ambos precisam de aprovação para que o ETF comece a ser negociado. Essa atualização indica que os emissores e a SEC estĆ£o trabalhando para os lanƧamentos dos ETFs de Ethereum spot.
Ćltimos dados do token ETH - PreƧo atual: $3.784 - Valor de mercado: $450 bilhƵes - Volume de negociação nas Ćŗltimas 24h: $35 bilhƵes
Prepare-se para essa revolução no mercado de criptoativos e fique atento Ć s nossas redes para mais atualizaƧƵes! šš