Learn about the Parity upgrade
The Parity v2.1.0 upgrade was proposed on the LUNC network, with a major focus on governance. This upgrade brings notable features like 5% minimum commission for validators, Cosmwasm v1.1.x update, as well as two security updates.
The LUNC community is currently reviewing and discussing this proposal. Specifically, the Joint L1 Task Force (LITF) is taking on a key role in the proposal and development. Consistency and input from the community are important in this process.
Terra Classic (LUNC) skyrocketed in the last 24 hours
Terra Classic Token (LUNC) has recorded a significant increase in trading volume. According to data from coinmarketcap, the trading volume of LUNC has increased by 750% in the last 24 hours, and is currently at around 395 million USD.
Terra Classic Token (LUNC) has recorded a significant increase in trading volume. According to data from coinmarketcap, the trading volume of LUNC has increased by 750% in the last 24 hours, and is currently at around 450 million USD.
The market capitalization of Terra Classic (LUNC) is currently around $600 million, having grown by more than 20% in the last 24 hours. However, this number is still far from the historic peak of Terra Classic, which reached about $40.99 billion.
Parity’s upgrade is expected to be released in less than ten days. The community hopes that this upgrade will bring significant changes to the network. Parity is creating a positive effect, and it is not unreasonable to predict that the token is likely to recover back to the price of September 2022.
Binance burns over a billion terra Tokens
Binance conducted a burn of 1.04 billion Terra tokens (LUNC), and this created a massive bull run for LUNA. This is the tenth burn, bringing the total number of LUNC tokens burned to 33 billion.
Terra Classic’s special token burn program (LUNC) took place from April 30 to May 30, and is considered a lifeline measure to boost the project and bring it back to its glory days. This is to create interest and trust from the community, to promote the usefulness and application cases of the LUNC token.
The community is particularly interested in making LUNC useful and has more use cases. While there are still many skeptics about the project, this token burn program is being seen as an important step towards rebuilding trust and enhancing LUNC’s growth potential.
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