LUNC News: The Terra Luna Classic community is making several attempts to revive LUNC and re-peg USTC at $1 through burns, strikes, and relying on developers to bring back utility and gain support from the wider crypto community.
Crypto exchange Binance and CEO “CZ” support the Terra Luna Classic community by committing to burn LUNC spot and margin trading fees every month. The community is now seeking Binance’s support in the USTC repeg through a market module.
However, USTC repeg Quant team member RedlineDrifter’s recent tweet regarding direct communication with Binance has now been removed. The infrastructure and divergence algorithm remain the top two issues for agreement on USTC-repeg. The reason for deleting the tweet remains unclear.
Meanwhile, the community is voting on major proposals to make crucial changes in the supply chain. The community pool balance that fell below 448 million LUNC from 2.3 billion LUNC is slowly rising. Funds in the community pool rose to over 602 million, with validator JESUSisLORD deposit LUNC 2.65 million after the L1TF developer group denied accepting the money and suggested adding it to the community pool.
Read more: Terra Luna Classic Community Votes to Review LUNC Gas Fees and Non-Delegation Staking Period
Coinbase List Terra Luna Classic (LUNC) Token?
Crypto exchange Coinbase immediately announced it would re-market XRP following Ripple’s victory against the US Securities and Exchange Commission (SEC) on Thursday. Other changes also followed to relist XRP and the price rose 87% in the 24 hours.
Popular Terra Luna Classic community members and validators including Stylish Crypto, mr. Diamondhandz1 and Vegas claimed that the community is taking the recovery seriously and that Coinbase should list LUNC after XRP news. The crypto exchanges cannot yet offer LUNC again due to, among other things, the US SEC lawsuit against Terraform Labs and co-founder Do Kwon.
The LUNC price is currently trading at $0.000088, up 5% in the last 24 hours. It offsets previous gains and failed to surpass the $0.000090 level.
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This post Terra Classic Community Pool, Quant-Binance USTC Talks, Coinbase Listing
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