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Massive Token Burn on Terra Classic: Opportunity or Risk for Investors?
The Terra Classic ($LUNC) and TerraUSD Classic ($USTC) networks are set to undergo a massive token burn, with the goal of drastically reducing the circulating supply. The process, which is expected to be completed by October 30, 2024, includes the burning of at least 250 billion $LUNC and 175 million $USTC, with the potential for these numbers to increase as other funds, such as those from the Luna Foundation, are also included.
This strategy could significantly impact the market value of tokens, as the supply reduction could increase interest and appreciation in the remaining assets. The burn also includes tokens not withdrawn from the Shuttle Bridge, which increases the magnitude of the operation. As this process is completed, the investor community will be watching closely to see how the supply reduction will affect market dynamics, especially with regard to $USTC, whose halving could be more significant.
This strategy could significantly impact the market value of tokens, as the supply reduction could increase interest and appreciation in the remaining assets. The burn also includes tokens not withdrawn from the Shuttle Bridge, which increases the magnitude of the operation. As this process is completed, the investor community will be watching closely to see how the supply reduction will affect market dynamics, especially with regard to $USTC, whose halving could be more significant.
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Unmissable Opportunity: Trillion Dollar Sector Seeks New Talent
The Artificial Intelligence Revolution: Opportunities and Challenges in the Job Market
Artificial intelligence (AI) is on the rise, and for many, it’s the future. The industry is growing explosively, with annual revenues projected to reach a staggering $4.4 trillion globally. It’s a figure that not only highlights the magnitude of the market, but also confirms what many experts already knew: AI is not a passing fad. It’s here to stay and will continue its upward trajectory.
Artificial intelligence (AI) is on the rise, and for many, it’s the future. The industry is growing explosively, with annual revenues projected to reach a staggering $4.4 trillion globally. It’s a figure that not only highlights the magnitude of the market, but also confirms what many experts already knew: AI is not a passing fad. It’s here to stay and will continue its upward trajectory.
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$BTC breaking all-time highs and making new highs and $LUNC Stopped in time it doesn't even seem like it's paired with BTC! Is it manipulation in Lunc's price? The percentage goes up, but the candles don't go up, I find it strange 😐 or am I crazy? I hope that in some time Lunc will be able to deliver its full return potential to all of us, then we will all be happy 👌🏻🤑#lunatics
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$LUNA with a 100% chance, the graphics don't lie, anyway 1x0 for me against the user who commented against it on a past post, after the fall comes the glory... 🆙📈💹🚀
#lunatics #Luna #memecoin #Binance. #Web3
*no one has won my RedPacket yet, until one comes out there won't be another, link in the profile in the pinned post*
#lunatics #Luna #memecoin #Binance. #Web3
*no one has won my RedPacket yet, until one comes out there won't be another, link in the profile in the pinned post*
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#lunatics #luna #Write2Earn
Old group that manages lunc. It was undone.
The community already has another group to take over lunc. LUNC's course pays developers for work done. KYC of Developers. Lunc is on track to not only reach $1.00. But overtake. Due to the new times of Administration and technical update 👩🔧. LUNC artificial intelligence. Robot 🤖 quantum lunc. It will certainly come. Lunc's technical heritage is the best in the world 🌍.
$LUNC ,#Write2Earn
Old group that manages lunc. It was undone.
The community already has another group to take over lunc. LUNC's course pays developers for work done. KYC of Developers. Lunc is on track to not only reach $1.00. But overtake. Due to the new times of Administration and technical update 👩🔧. LUNC artificial intelligence. Robot 🤖 quantum lunc. It will certainly come. Lunc's technical heritage is the best in the world 🌍.
$LUNC ,#Write2Earn
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The Terra Luna Classic (LUNC) cryptocurrency is an original version of the Luna cryptocurrency, which is part of the Terra blockchain. The Terra network was created by Terraform Labs, and its purpose was to build an ecosystem of stablecoins, with UST (TerraUSD) being one of the main stablecoins, pegged to the US dollar.
However, in May 2022, the value of UST fell drastically, leading to the “undocking” of the stablecoin and directly impacting the price of LUNA, which collapsed and lost much of its value. In response, the Terra community and Terraform Labs decided to split the blockchain into two:
• Terra 2.0 with the new LUNA coin, which became the main blockchain for new projects.
• Terra Classic, which maintained the original version and the LUNC coin.
After the collapse, the LUNC coin continued to be traded, and the Terra Classic network is now maintained by community members working to stabilize and potentially recover the project. Today, the LUNC token is used for staking and as a means of voting on governance proposals within the Classic network.$LUNA $LUNC
#lunatics
However, in May 2022, the value of UST fell drastically, leading to the “undocking” of the stablecoin and directly impacting the price of LUNA, which collapsed and lost much of its value. In response, the Terra community and Terraform Labs decided to split the blockchain into two:
• Terra 2.0 with the new LUNA coin, which became the main blockchain for new projects.
• Terra Classic, which maintained the original version and the LUNC coin.
After the collapse, the LUNC coin continued to be traded, and the Terra Classic network is now maintained by community members working to stabilize and potentially recover the project. Today, the LUNC token is used for staking and as a means of voting on governance proposals within the Classic network.$LUNA $LUNC
#lunatics
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Terra Classic on the Rise: Major Update and Token Burn Boost LUNA and LUNC Proposal v3.1.
The recent Terra Classic community upgrade proposal, coupled with the upcoming token burn, has been a major driver behind the surge in the price of LUNA and LUNC. The v3.1.5 upgrade brings significant improvements to the network’s security, including changes to the core components wasmd and wasmvm, as well as gas usage optimizations. The proposal, which is currently being voted on by the community, has received widespread support, reflecting participants’ confidence in the network’s progress.
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Will $LUNC reach $1?
To reach 1 USD, Luna Classic must increase 11,500 times. At a price of 1 USD, Luna Classic's market value would be 5.900 billion dollars, more than double Apple's market value. If the price of LUNC increases at a rate of 25% per year, it will take Luna Classic 39 years to reach $1.
Can it increase 11500 times?
Bitcoin rose 1,400 times in 10 years. Ethereum rose 166 times in 6 years.
Both BTC and ETH rose in very different conditions, while Luna Classic was in an environment of 50+ tokens with a billion market cap.
Therefore, it can be safely said that Luna Classic will not increase 11,500 times. Unfortunately!
#LUNC✈️ #lunatics #lunc #Binance
To reach 1 USD, Luna Classic must increase 11,500 times. At a price of 1 USD, Luna Classic's market value would be 5.900 billion dollars, more than double Apple's market value. If the price of LUNC increases at a rate of 25% per year, it will take Luna Classic 39 years to reach $1.
Can it increase 11500 times?
Bitcoin rose 1,400 times in 10 years. Ethereum rose 166 times in 6 years.
Both BTC and ETH rose in very different conditions, while Luna Classic was in an environment of 50+ tokens with a billion market cap.
Therefore, it can be safely said that Luna Classic will not increase 11,500 times. Unfortunately!
#LUNC✈️ #lunatics #lunc #Binance
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#LUNC $1,
LUNC $00017500 , 🔝 of galaxies 🌌. Burn 🔥 2 zero already on the way to 017500
LUNC DESTINATION $1, 1 billion lunc were recently made available on the Binance exchange at the price of $000172400. I trembled with 😧 fear. But it was immediately traded and LUNC RISE TO PAR 00017500. #lunatics lunc developers. ia quantum artificial intelligence QFS.
LUNC $00017500 , 🔝 of galaxies 🌌. Burn 🔥 2 zero already on the way to 017500
LUNC DESTINATION $1, 1 billion lunc were recently made available on the Binance exchange at the price of $000172400. I trembled with 😧 fear. But it was immediately traded and LUNC RISE TO PAR 00017500. #lunatics lunc developers. ia quantum artificial intelligence QFS.
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🚨🚨🚨Urgent Update for $LUNC Holders: Shuttle Bridge Withdrawal Deadline Approaching🚨🚨🚨
Attention all $LUNC holders! Terraform Labs (TFL) has announced a critical deadline for users of its Terra Classic platform. The Shuttle Bridge, which facilitates the transfer of wrapped LUNC and USTC assets between Terra Classic and other blockchains such as Ethereum and BNB Chain, is set to close soon.
Key Details:
Deadline: The Shuttle Bridge will be open until October 30, 2024. Users must redeem their assets before this date to avoid losing them permanently. Any assets left in the contracts after this deadline will be burnedBitcoinist.comBitrabo.Final Blockchain Upgrade: As part of its transition plan, Terraform Labs has also rolled out Proposal 4818, marking its final upgrade to the blockchain. Future maintenance and development will be handed over to community-led initiatives like the Phoenix DirectiveBitcoinist.comBitrabo.Importance of Action: Given the company's ongoing legal and financial restructuring, it is crucial for users to act now. Failure to redeem assets before the deadline will result in the loss of those assets.
Steps for $LUNC Holders:
Access the Shuttle Bridge: Go to the reopened Shuttle Bridge interface to start the redemption process.Transfer Assets: Redeem your wrapped LUNC and USTC assets to the desired blockchain before October 30.Stay Informed: Keep an eye on updates from Terraform Labs and community channels to stay informed about any changes or additional steps.
By taking immediate action, $LUNC holders can ensure the safety and usability of their assets during this critical transition period.
Key Details:
Deadline: The Shuttle Bridge will be open until October 30, 2024. Users must redeem their assets before this date to avoid losing them permanently. Any assets left in the contracts after this deadline will be burnedBitcoinist.comBitrabo.Final Blockchain Upgrade: As part of its transition plan, Terraform Labs has also rolled out Proposal 4818, marking its final upgrade to the blockchain. Future maintenance and development will be handed over to community-led initiatives like the Phoenix DirectiveBitcoinist.comBitrabo.Importance of Action: Given the company's ongoing legal and financial restructuring, it is crucial for users to act now. Failure to redeem assets before the deadline will result in the loss of those assets.
Steps for $LUNC Holders:
Access the Shuttle Bridge: Go to the reopened Shuttle Bridge interface to start the redemption process.Transfer Assets: Redeem your wrapped LUNC and USTC assets to the desired blockchain before October 30.Stay Informed: Keep an eye on updates from Terraform Labs and community channels to stay informed about any changes or additional steps.
By taking immediate action, $LUNC holders can ensure the safety and usability of their assets during this critical transition period.
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I made a POST before this one talking about the $WIF token and they told me that it was a bad analysis, the same thing that is happening with $WIF has already happened and is happening with $LUNA , the market is heated and whoever follows me has already won with my tips, and you'll still keep winning, learn, after a crypto almost hits its historic low, it only goes up and then...
#lunatics #Luna #WIF #bullmarket #Binance.
#lunatics #Luna #WIF #bullmarket #Binance.
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$USTC , $LUNC e $LUNA I have already said it and continue to say it, this is a ghost that continues to roam the networks, whales manipulate the market all the time, many people believe in their potential and others do not want to see them even painted in gold just because they see your assets being melted but then I tell you, it's always good to have a little invested in it, money that won't be needed, a minimum of $5 US dollars in each of them, so the frustration won't be great if a whale arrives to manipulate it with force and it freaks out with appreciation.
#LUNC✈️ #lunatics #lunc😁XDXDKMXX
#LUNC✈️ #lunatics #lunc😁XDXDKMXX
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