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Tag: $LUNA

This token is one of two launched by Terra, a blockchain technology that uses the dollar-pegged UST stablecoin to create a better digital financial system outside financial institutions and fintech.
LUNA is the Terra protocol’s native token, used for staking, governance, and collateral for the network’s algorithmic stablecoins. LUNA coin holders can stake their tokens to earn rewards and use their weight to vote on governance proposals for the ecosystem.

gas burning - quema de gas

Binance announces LUNC burn, and token jumps 35%

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The price of Luna Classic (LUNC), formerly known as Terra, has risen by almost 35% after it was announced that Binance would back a proposal to destroy the project. Binance, the largest cryptocurrency exchange in the world by trade volume, announced on Monday that Terra Classic, the older version of the doomed blockchain, has a new way to burn itself. The Terra community has come up with a plan to charge a 1.2% tax on all on-chain...

$LUNA, $UST, Front page, News, Terra

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do kwon fugitive

Interpol red-lists Terra creator Do Kwon

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Do Kwon is the founder of Terraform Labs and the main person responsible for the Terra ecosystem. A week ago, the South Korean authorities filed a request to issue a red alert for Do Kwon. The request was made because Do Kwon’s stable currency UST lost parity with the dollar in May and collapsed, causing tens of thousands of investors all over the world to lose their money. Do Kwon is the subject of a “red alert,” which...

$LUNA, $UST, Front page, News, Terra

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Illustration of Do Kwon behind bars

South Korea urges Interpol to stop Terra creator from avoiding extradition

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South Korean police have requested a red alert from Interpol to prevent crypto entrepreneur Do Kwon from evading extradition, days after the Terra creator denied being “on the run” in a tweet. Kwon was the creator of the Terra/Luna cryptocurrency platform, an effort to create a system with comparable scalability to Ethereum. In the spring of 2022, however, Kwon’s attempts to create an “algorithmic stablecoin”...

$LUNA, $UST, Cryptocurrencies, Front page, Terra

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lunc - new burning proposal

New burning mechanism proposed for Terra Classic and token rises 120%.

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After a steep decline in May, $LUNC has increased by more than 100 percent in the previous week. The increase has been even more significant over the last month, with the price increasing by 489% from USD $0.000095 on August 8 to a high of USD $0.00054 on Thursday morning. New burning mechanism Recent gains in the price of LUNC correlate with the advancement of a Terra Classic community proposal to introduce a new burn mechanism for the...

$LUNA, $UST, Cryptocurrencies, Exchanges, Front page

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Money falling on the moon

Airdrop: Luna with Terra Station, Kepler or MetaMask

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Overview If you are a user eligible for the Terra Phoenix airdrop, here’s how to claim your LUNA airdrop via the claim interface.  Check out the Agora proposal for more information on the Terra Phoenix Airdrop, including specifics on eligibility, vesting periods, airdrop calculations, and more. It’s important to remember that any LUNA you get in this airdrop that has a vesting time will be held in an undelegated state,...

$LUNA, Airdrop, Cryptocurrencies

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