I didn't understand, there won't be anyone to manage the currency
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arpa network
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Bullish$LUNC $USTC $BTC #LUNC✅ Since there is no "button" to turn off the company, the market reacts to two specific events that can happen at any moment:
Destruction of Private Keys: The court has ordered TFL to burn or destroy the control keys of several LUNC and USTC wallets. The on-chain confirmation (on the blockchain) of this destruction is what the community is currently monitoring.
Official Announcement of Closure: It is expected that Chris Amani (CEO of TFL) or the official channels of Terra will make a final "farewell" statement confirming that the transition to the community has been completed.
Immediate Impact (January 16)
Volatility: Prices tend to fluctuate more strongly in the late afternoon (Brasília time) as news of record closures in the USA is confirmed.
Independence: Starting tomorrow, LUNC will officially be a project 100% managed by the community, without the legal "weight" of Terraform Labs over the developers.
Tip: If you are monitoring the price, keep an eye on the official Terra Twitter (X) (@Terra_money) and the main network validators, as they will be the first to confirm when TFL is officially "offline".
Destruction of Private Keys: The court has ordered TFL to burn or destroy the control keys of several LUNC and USTC wallets. The on-chain confirmation (on the blockchain) of this destruction is what the community is currently monitoring.
Official Announcement of Closure: It is expected that Chris Amani (CEO of TFL) or the official channels of Terra will make a final "farewell" statement confirming that the transition to the community has been completed.
Immediate Impact (January 16)
Volatility: Prices tend to fluctuate more strongly in the late afternoon (Brasília time) as news of record closures in the USA is confirmed.
Independence: Starting tomorrow, LUNC will officially be a project 100% managed by the community, without the legal "weight" of Terraform Labs over the developers.
Tip: If you are monitoring the price, keep an eye on the official Terra Twitter (X) (@Terra_money) and the main network validators, as they will be the first to confirm when TFL is officially "offline".
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