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$BTC 62352.717 USD (+2.63%) 🟢$LUNC 0.00010402 USD (+0.34%) 🟢$LUNA 0.57997916 USD (-2.28%) 🔴Terra Luna Classic Developer Unveils Major Upgrade: Will LUNC Price Surge to $0.0002?
Following CNF earlier updates, the Terra Luna Classic has implemented a crucial security upgrade to mitigate risks and bolster the stability of the blockchain. This enhancement is a proactive measure to address vulnerabilities and ensure the integrity and performance of the network, directly influencing the pricing dynamics of LUNC and USTC.
The Terra Classic Wallet, spearheaded by renowned developer StrathCole and featuring design work by Dawid Skinder, has received a significant update. Using the CosmES Wallet Kit, this upgrade from v0.0.1 to v0.0.22 introduces numerous enhancements aimed at improving user interaction and overall functionality. Although still in its early versions and not yet feature-complete, the wallet promises a more robust experience, with ongoing developments to iron out existing bugs. Users are encouraged to report any issues on GitHub.
Market Trends and Investor Sentiment
Recent updates have sparked a mild recovery in Terra Luna Classic’s trading volumes, yet the broader crypto market continues to exert downward pressure on altcoins. Despite these challenges, LUNC’s current trading activities, particularly in derivative markets on platforms like Binance and Bybit, suggest a growing investor interest. However, for LUNC to achieve a significant rally, overcoming the $0.00012 price resistance is crucial.
Following CNF earlier updates, the Terra Luna Classic has implemented a crucial security upgrade to mitigate risks and bolster the stability of the blockchain. This enhancement is a proactive measure to address vulnerabilities and ensure the integrity and performance of the network, directly influencing the pricing dynamics of LUNC and USTC.
The Terra Classic Wallet, spearheaded by renowned developer StrathCole and featuring design work by Dawid Skinder, has received a significant update. Using the CosmES Wallet Kit, this upgrade from v0.0.1 to v0.0.22 introduces numerous enhancements aimed at improving user interaction and overall functionality. Although still in its early versions and not yet feature-complete, the wallet promises a more robust experience, with ongoing developments to iron out existing bugs. Users are encouraged to report any issues on GitHub.
Market Trends and Investor Sentiment
Recent updates have sparked a mild recovery in Terra Luna Classic’s trading volumes, yet the broader crypto market continues to exert downward pressure on altcoins. Despite these challenges, LUNC’s current trading activities, particularly in derivative markets on platforms like Binance and Bybit, suggest a growing investor interest. However, for LUNC to achieve a significant rally, overcoming the $0.00012 price resistance is crucial.
The USTC token, part of the Terra Luna ecosystem, has seen a decline of over 2% in the last 24 hours, with its price fluctuating between $0.0204 and $0.0231. This price movement underscores the general market volatility and the cautious stance of investors.
Meanwhile, LUNC’s price is about $0.0001078, has experienced a modest uptick, registering a 3.67% increase over the past week and a 2.18% rise in the last 24 hours, as per the latest updates from Coin Market Cap. These indicators might point towards a potential price surge if the token can maintain its momentum and breach significant resistance levels.
This ongoing development within the Terra Luna Classic ecosystem highlights the dual focus on technological enhancements and market strategy, crucial for the cryptocurrency’s growth and stability in a fluctuating market environment.
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$BTC 61994.031 USD (-0.65%) 🔴$LUNC 0.00010504 USD (+1.0%) 🟢$LUNA 0.57293758 USD (-1.21%) 🔴Coinbase Considers Relisting Terra Luna Classic (LUNC)
The cryptocurrency exchange Coinbase is thinking of re-listing the Terra Luna Classic (LUNC), as reported in the x post shared yesterday. This news has caused a positive approach to the LUNC community, with some thinking that it could push the price of LUNC to new highs.
LUNA collapsed in 2022 along with its algorithmic stablecoin TerraUSD. The crash led to many exchanges delisting LUNA and over $60 billion was lost from the collapse.
The news of a potential Coinbase relisting emerged after LUNC was identified as an “asset not supported” on the main Coinbase platform, but it was still available for trading on Coinbase Wallet. This inconsistency has caused some to think that a relisting on the main platform could be soon.
One prominent community member, MrDiamondhandz1, mentioned that the Coinbase Wallet says LUNC is “coming soon” but it doesn’t mention anything about LUNA.
The cryptocurrency exchange Coinbase is thinking of re-listing the Terra Luna Classic (LUNC), as reported in the x post shared yesterday. This news has caused a positive approach to the LUNC community, with some thinking that it could push the price of LUNC to new highs.
LUNA collapsed in 2022 along with its algorithmic stablecoin TerraUSD. The crash led to many exchanges delisting LUNA and over $60 billion was lost from the collapse.
The news of a potential Coinbase relisting emerged after LUNC was identified as an “asset not supported” on the main Coinbase platform, but it was still available for trading on Coinbase Wallet. This inconsistency has caused some to think that a relisting on the main platform could be soon.
One prominent community member, MrDiamondhandz1, mentioned that the Coinbase Wallet says LUNC is “coming soon” but it doesn’t mention anything about LUNA.
Coinbase Considers Relisting Terra Luna Classic (LUNC): Potential for ATH Surge?
Recently, Terra Classic (LUNC) has reached a new milestone in staking achievements, with levels indicating a bullish phase for the cryptocurrency. This information was detailed in a prior report by CNF, which highlighted the growing investor confidence in LUNC’s potential for substantial token burns to reduce supply and drive up value.
Recently, Terra Classic (LUNC) has reached a new milestone in staking achievements, with levels indicating a bullish phase for the cryptocurrency. This information was detailed in a prior report by CNF, which highlighted the growing investor confidence in LUNC’s potential for substantial token burns to reduce supply and drive up value.
Coin exchange rate
$BTC 62177.56 USD (+0.29%) 🟢$LUNC 0.00010370 USD (-1.28%) 🔴$LUNA 0.56232310 USD (-1.85%) 🔴Coinbase’s Re-engagement with LUNC
As revealed in today’s CNF YouTube video, Coinbase is considering the relisting of Terra Luna Classic on its trading platform. This development follows the reinstatement of LUNC swaps in the Coinbase Wallet, which sparked a modest price increase of 1.10% within 24 hours to $0.0001054.
The enthusiasm within the LUNC community is palpable, as Coinbase’s renewed interest in the token suggests a restored faith in its market viability. This is a noteworthy turnaround from the 2022 debacle involving Terraform Labs that led to the emergence of Terra Luna Classic from the ashes of Terra Luna (LUNA).
Potential for ATH Surge?
A recent tweet by influencer Mr. Diamondhandz highlighted the optimistic sentiment surrounding LUNC, noting its availability for trade on the Coinbase Wallet as a bullish sign for the token’s trajectory.
According to today’s Coin Market Cap, LUNC has surged by 0.33% in the last 24 hours, despite a decrease of 1.86% over the past week, maintaining a price of $0.0001047. The price chart below provides a visual representation of these fluctuations, illustrating the dynamic nature of LUNC’s market activity. The potential relisting by Coinbase could further stimulate investor interest and market activity, potentially leading to new all-time highs for LUNC.
As market dynamics continue to evolve, the possible relisting of LUNC by a major exchange like Coinbase could significantly influence its market cap and investor interest, potentially driving the token towards new all-time highs.
This strategic shift by Coinbase could not only impact LUNC’s immediate pricing but might also set a precedent for how major exchanges reassess cryptocurrencies after significant market events.
As revealed in today’s CNF YouTube video, Coinbase is considering the relisting of Terra Luna Classic on its trading platform. This development follows the reinstatement of LUNC swaps in the Coinbase Wallet, which sparked a modest price increase of 1.10% within 24 hours to $0.0001054.
The enthusiasm within the LUNC community is palpable, as Coinbase’s renewed interest in the token suggests a restored faith in its market viability. This is a noteworthy turnaround from the 2022 debacle involving Terraform Labs that led to the emergence of Terra Luna Classic from the ashes of Terra Luna (LUNA).
Potential for ATH Surge?
A recent tweet by influencer Mr. Diamondhandz highlighted the optimistic sentiment surrounding LUNC, noting its availability for trade on the Coinbase Wallet as a bullish sign for the token’s trajectory.
According to today’s Coin Market Cap, LUNC has surged by 0.33% in the last 24 hours, despite a decrease of 1.86% over the past week, maintaining a price of $0.0001047. The price chart below provides a visual representation of these fluctuations, illustrating the dynamic nature of LUNC’s market activity. The potential relisting by Coinbase could further stimulate investor interest and market activity, potentially leading to new all-time highs for LUNC.
As market dynamics continue to evolve, the possible relisting of LUNC by a major exchange like Coinbase could significantly influence its market cap and investor interest, potentially driving the token towards new all-time highs.
This strategic shift by Coinbase could not only impact LUNC’s immediate pricing but might also set a precedent for how major exchanges reassess cryptocurrencies after significant market events.
Binance Burns Additional Terra Luna Classic (LUNC) Tokens After Monthly Burn
The world’s largest crypto exchange Binance burns additional Terra Luna Classic tokens after a monthly LUNC burn. The crypto exchange burned 1.4 billion LUNC tokens in its 21st batch of the LUNC burn mechanism recently. After the latest burn by Binance, the total LUNC burned by the crypto exchange to date has now surpassed over 59 billion.
Moreover, the total LUNC tokens burned by the Terra Luna Classic community has reached over 113 billion. Binance has continued supporting the community for Terra Luna Classic revival since 2022 via its monthly LUNC burn mechanism.
The world’s largest crypto exchange Binance burns additional Terra Luna Classic tokens after a monthly LUNC burn. The crypto exchange burned 1.4 billion LUNC tokens in its 21st batch of the LUNC burn mechanism recently. After the latest burn by Binance, the total LUNC burned by the crypto exchange to date has now surpassed over 59 billion.
Moreover, the total LUNC tokens burned by the Terra Luna Classic community has reached over 113 billion. Binance has continued supporting the community for Terra Luna Classic revival since 2022 via its monthly LUNC burn mechanism.
Terra Luna Classic (LUNC) Burns By Binance
Crypto exchange Binance sent 56,911 Terra Luna Classic (LUNC) tokens to the burn address, as per the LUNC burn transaction. The transaction came a few days after the monthly LUNC burn by Binance, similar to transactions seen in the last few months. The reason behind the low-value burn transactions remains unclear.
Crypto exchange Binance sent 4.17 billion Terra Luna Classic (LUNC) tokens to the burn address on May 1. Binance has now burned nearly 59.07 billion Terra Luna Classic (LUNC) tokens from trading fees on LUNC spot and margin trading pairs.
In April, Binance burned over 100K LUNC tokens days after it incinerated 4.17 billion LUNC tokens. Similar incidences happened in earlier months too.
Meanwhile, overall trading volume has declined due to the market-wide drop in crypto prices and lack of interest among traders. In March, LUNC saw massive trading volumes of over $100 million daily, with prices rallying past the $0.0002 level. In April, the average daily trading volumes were $30 million and prices have dropped to $0.0001. The market cap has also dropped from over $1 billion.
Crypto exchange Binance sent 56,911 Terra Luna Classic (LUNC) tokens to the burn address, as per the LUNC burn transaction. The transaction came a few days after the monthly LUNC burn by Binance, similar to transactions seen in the last few months. The reason behind the low-value burn transactions remains unclear.
Crypto exchange Binance sent 4.17 billion Terra Luna Classic (LUNC) tokens to the burn address on May 1. Binance has now burned nearly 59.07 billion Terra Luna Classic (LUNC) tokens from trading fees on LUNC spot and margin trading pairs.
In April, Binance burned over 100K LUNC tokens days after it incinerated 4.17 billion LUNC tokens. Similar incidences happened in earlier months too.
Meanwhile, overall trading volume has declined due to the market-wide drop in crypto prices and lack of interest among traders. In March, LUNC saw massive trading volumes of over $100 million daily, with prices rallying past the $0.0002 level. In April, the average daily trading volumes were $30 million and prices have dropped to $0.0001. The market cap has also dropped from over $1 billion.
LUNC and USTC Pump Amid Market-Wide Recovery
Terra Luna Classic ecosystem tokens have jumped amid the broader recovery in the crypto market. The cooling CPI inflation data and consecutive inflow in bitcoin ETF have renewed investor sentiment in the market.
LUNC price jumped over 6% over the last 24 hours, with the price currently trading at $0.0001092. The 24-hour high and low are $0.0001017 and $0.0001096, respectively. Moreover, the trading volume has increased further by 28% in the past 24 hours, indicating buying by trades. An analysis by CoinGape Markets predicts a target price of $0.0005.
Meanwhile, USTC price also climbed 5% in the last 24 hours, with the price currently trading at $0.0222. The 24-hour low and high are $0.02083 and $0.02237, respectively.
Terra Luna Classic ecosystem tokens have jumped amid the broader recovery in the crypto market. The cooling CPI inflation data and consecutive inflow in bitcoin ETF have renewed investor sentiment in the market.
LUNC price jumped over 6% over the last 24 hours, with the price currently trading at $0.0001092. The 24-hour high and low are $0.0001017 and $0.0001096, respectively. Moreover, the trading volume has increased further by 28% in the past 24 hours, indicating buying by trades. An analysis by CoinGape Markets predicts a target price of $0.0005.
Meanwhile, USTC price also climbed 5% in the last 24 hours, with the price currently trading at $0.0222. The 24-hour low and high are $0.02083 and $0.02237, respectively.
Terra Luna Classic (LUNC), USTC Removed From Luna Foundation Guard
The Terra Luna Classic ecosystem experienced a significant price surge on Saturday after the Luna Foundation Guard removed 1.85 billion USTC and 222 million LUNC tokens from circulation. This action caused the price of LUNC to jump over 10% and USTC to rise by 18% within a few hours, though both tokens later saw a reduction in their initial gains.
The Terra Luna Classic ecosystem experienced a significant price surge on Saturday after the Luna Foundation Guard removed 1.85 billion USTC and 222 million LUNC tokens from circulation. This action caused the price of LUNC to jump over 10% and USTC to rise by 18% within a few hours, though both tokens later saw a reduction in their initial gains.
Luna Foundation Guard’s LUNC and USTC Circulating Supply
1.85 billion USTC and 222 million LUNC tokens were taken out of Luna Foundation Guard’s wallet address terra1gr0xesnseevzt3h4nxr64sh5gk4dwrwgszx3nw. The move comes as the account has been dormant for almost 2 years.
As a result, USTC circulating supply is now down to 7.1 billion. Crypto assets held by team, foundation, treasury, escrow funds are not counted in circulating supply. “Assets that are locked (via smart contracts or legal contracts), allocated to insiders (e.g. teams or private investors), or not sellable on the public market are generally not regarded as circulating, regardless of whether they are unlocked,” as per CoinMarketCap.
These numbers reflect adjustments and not actual removals from circulation. Some LFG funds were miscounted as belonging to circulating supply.
1.85 billion USTC and 222 million LUNC tokens were taken out of Luna Foundation Guard’s wallet address terra1gr0xesnseevzt3h4nxr64sh5gk4dwrwgszx3nw. The move comes as the account has been dormant for almost 2 years.
As a result, USTC circulating supply is now down to 7.1 billion. Crypto assets held by team, foundation, treasury, escrow funds are not counted in circulating supply. “Assets that are locked (via smart contracts or legal contracts), allocated to insiders (e.g. teams or private investors), or not sellable on the public market are generally not regarded as circulating, regardless of whether they are unlocked,” as per CoinMarketCap.
These numbers reflect adjustments and not actual removals from circulation. Some LFG funds were miscounted as belonging to circulating supply.
LUNC and USTC Prices Skyrocket
LUNC and USTC prices skyrocketed as the news sparked buying in the community due to a decrease in supply. But as the developments became clear to the community the prices started to pullback.
The Terra Luna Classic community seeks to burn USTC and LUNC in the LFG wallet to reflect in total supply, but it was just adjustments and not actual removals from circulating supply.
LUNC price is currently up 4%% over the last 24 hours, with the price currently trading at $0.0001062. The 24-hour high and low are $0.0001020 and $0.0001129, respectively.
Meanwhile, USTC price also jumped 7% in the last 24 hours, with the price currently trading at $0.0235. The 24-hour low and high are $0.0215 and $0.0251, respectively. Moreover, the trading volume has increased by 118% in the past 24 hours.
LUNC and USTC prices skyrocketed as the news sparked buying in the community due to a decrease in supply. But as the developments became clear to the community the prices started to pullback.
The Terra Luna Classic community seeks to burn USTC and LUNC in the LFG wallet to reflect in total supply, but it was just adjustments and not actual removals from circulating supply.
LUNC price is currently up 4%% over the last 24 hours, with the price currently trading at $0.0001062. The 24-hour high and low are $0.0001020 and $0.0001129, respectively.
Meanwhile, USTC price also jumped 7% in the last 24 hours, with the price currently trading at $0.0235. The 24-hour low and high are $0.0215 and $0.0251, respectively. Moreover, the trading volume has increased by 118% in the past 24 hours.
Terra Classic Community Makes Crucial Move With Allnodes
LUNC News: Terra Luna Classic community started voting on a key proposal to bring an official organization to be in charge of hosting the endpoint providing the correct circulating supply data for Terra Luna Classic. Top validator Allnodes will manage the endpoint to protect against single individuals making unauthorized changes to the supply without approval.
LUNC News: Terra Luna Classic community started voting on a key proposal to bring an official organization to be in charge of hosting the endpoint providing the correct circulating supply data for Terra Luna Classic. Top validator Allnodes will manage the endpoint to protect against single individuals making unauthorized changes to the supply without approval.
Terra Classic Brings Allnodes For Endpoint Management
Proposal 12103 “Change official CS API endpoint to Allnodes FCD” is currently under voting on the Station wallet, with the voting to end on May 18.
The proposal aims to secure an official organization to host the endpoint providing the correct circulating supply data for Luna Classic. It recommends top validator Allnodes for the role of providing the endpoint. Furthermore, it seeks to get a consensus about the method of calculating the circulating supply.
Allnodes will be required to update to the latest FCD version and implement the following calculation of circulating supply: Circulating Supply = Total Supply – unvested Tokens – Community Pool Holdings – Staked and bonded tokens.
This will help any third-party website to refer Allnodes FCD API as the official information source for Terra Luna Classic circulating supply of LUNC, USTC, and other native tokens. This also lowers the risk of individuals changing circulating supply or total supply, without appropriate discussion and input.
The proposal has received 56% “Yes” votes, along with 3% “No”, 41% “No with veto”, and 1% “Abstain” votes. Majority of validators including Community First LUNC, Hexxagon, LUNC Development Fund, and others has voted in favor of the proposal, but top validators are yet to vote.
Proposal 12103 “Change official CS API endpoint to Allnodes FCD” is currently under voting on the Station wallet, with the voting to end on May 18.
The proposal aims to secure an official organization to host the endpoint providing the correct circulating supply data for Luna Classic. It recommends top validator Allnodes for the role of providing the endpoint. Furthermore, it seeks to get a consensus about the method of calculating the circulating supply.
Allnodes will be required to update to the latest FCD version and implement the following calculation of circulating supply: Circulating Supply = Total Supply – unvested Tokens – Community Pool Holdings – Staked and bonded tokens.
This will help any third-party website to refer Allnodes FCD API as the official information source for Terra Luna Classic circulating supply of LUNC, USTC, and other native tokens. This also lowers the risk of individuals changing circulating supply or total supply, without appropriate discussion and input.
The proposal has received 56% “Yes” votes, along with 3% “No”, 41% “No with veto”, and 1% “Abstain” votes. Majority of validators including Community First LUNC, Hexxagon, LUNC Development Fund, and others has voted in favor of the proposal, but top validators are yet to vote.
LUNC and USTC Nears Upside Breakout
LUNC and USTC prices skyrocketed recently after the news of decline in circulating supply. This has also restored burn and destroy narrative in the Terra Luna Classic community. The community also seeks to burn USTC and LUNC in the LFG wallet to reflect in total supply.
LUNC price is currently up 1% over the last 24 hours, with the price currently trading at $0.0001052. The 24-hour high and low are $0.0001007 and $0.0001062, respectively. Moreover, the trading volume has increased further by 28% in the past 24 hours, indicating buying by trades. An analysis by CoinGape Markets predicts a target price of $0.0005.
Meanwhile, USTC price fell 2% in the last 24 hours, with the price currently trading at $0.0227. The 24-hour low and high are $0.02233 and $0.02389, respectively.
LUNC and USTC prices skyrocketed recently after the news of decline in circulating supply. This has also restored burn and destroy narrative in the Terra Luna Classic community. The community also seeks to burn USTC and LUNC in the LFG wallet to reflect in total supply.
LUNC price is currently up 1% over the last 24 hours, with the price currently trading at $0.0001052. The 24-hour high and low are $0.0001007 and $0.0001062, respectively. Moreover, the trading volume has increased further by 28% in the past 24 hours, indicating buying by trades. An analysis by CoinGape Markets predicts a target price of $0.0005.
Meanwhile, USTC price fell 2% in the last 24 hours, with the price currently trading at $0.0227. The 24-hour low and high are $0.02233 and $0.02389, respectively.
Terra Luna Classic community has approved a proposal appointing Allnodes to provide accurate LUNC circulating supply data. The proposal aimed at changing the circulating supply API endpoint to Allnodes FCD, while developer Raider warned about the need to persuade Binance and CoinMarketCap to use a totally different API for total supply and circulating supply.
Allnodes To Handle Terra Luna Classic Circulating Supply Endpoint
Proposal 12103 “Change official CS API endpoint to Allnodes FCD” was passed by the Terra Luna Classic community, with only 57% voter turnout.
The proposal has received 53% “Yes” votes, along with 2% “No”, 12% “No with veto”, and 32% “Abstain” votes. Majority of validators including Interstellar Lounge, HappyCattyCrypto, Hexxagon, and StakeBin have voted in favor of the proposal, Allnodes and a few others voted “Abstain”.
Top validator Allnodes will provide the endpoint. Furthermore, the proposal also seeks to get a consensus about the method of calculating the circulating supply.
Allnodes will be required to update to the latest FCD version and implement the following calculation of circulating supply: Circulating Supply = Total Supply – unvested Tokens – Community Pool Holdings – Staked and bonded tokens.
This will help any third-party website to refer Allnodes FCD API as the official information source for Terra Luna Classic circulating supply of LUNC, USTC, and other native tokens. This also lowers the risk of individuals changing circulating supply or total supply, without appropriate discussion and input.
However, Raider revealed that the official LCD and FCD endpoints for supply calculation were rejected by CoinMarketCap and Binance asked to create an API consistent with the circulating supply definition of CoinMarketCap.
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LUNC Price to Rally?
LUNC price analysis by CoinGape Markets revealed a triangle breakout is likely to set Terra Classic on a path to 26% recovery. However, if support at $0.0001 weakens, declines may extend to $0.000088 in May.
The community expects LUNC price to cross $0.0002 again amid development activity and staking. LUNC price trading sideways after an upswing this week. The 24-hour high is $0.0001061, with trading volume rising slightly in the past 24 hours. However, derivatives trading data by CoinGlass revealed a buying activity in the last few hours.
USTC price also moved sideways amid low trading volumes in the last few days, especially last week. The price is trading at $0.02141, with a 24-hour low and high of $0.02091 and $0.02161, respectively. Trading volume has decreased by 15%, indicating a lack of interest among traders.
LUNC price analysis by CoinGape Markets revealed a triangle breakout is likely to set Terra Classic on a path to 26% recovery. However, if support at $0.0001 weakens, declines may extend to $0.000088 in May.
The community expects LUNC price to cross $0.0002 again amid development activity and staking. LUNC price trading sideways after an upswing this week. The 24-hour high is $0.0001061, with trading volume rising slightly in the past 24 hours. However, derivatives trading data by CoinGlass revealed a buying activity in the last few hours.
USTC price also moved sideways amid low trading volumes in the last few days, especially last week. The price is trading at $0.02141, with a 24-hour low and high of $0.02091 and $0.02161, respectively. Trading volume has decreased by 15%, indicating a lack of interest among traders.
Terra Luna Classic IBC Proposal Officially Passed, LUNC Price Jumps 8%
Terra Luna Classic community unanimously voted in favor of the proposal to enable interblockchain communication (IBC) with the Osmosis protocol. The transfers between Terra Luna Classic and Osmosis will be restored as Client ID 07-tendermint-12 on columbus-5 referencing Osmosis validator set will be restored.
LUNC and USTC prices saw massive buying activity as trading volumes skyrocketed 200% in the last 24 hours.
Terra Luna Classic community unanimously voted in favor of the proposal to enable interblockchain communication (IBC) with the Osmosis protocol. The transfers between Terra Luna Classic and Osmosis will be restored as Client ID 07-tendermint-12 on columbus-5 referencing Osmosis validator set will be restored.
LUNC and USTC prices saw massive buying activity as trading volumes skyrocketed 200% in the last 24 hours.
Terra Classic Osmosis IBC Reactivation Proposal Passed
Proposal 12104 “Reactivate Osmosis IBC” has surpassed the pass threshold in the governance voting on the Station wallet by developer Fragwuerdig, a former member of the core developer team. The proposal aims to reactivate Osmosis-Terra Luna Classic IBC.
The proposal has been received 85% votes in favor, with the deadline for voting on May 25. Along with votes in favor, the proposal received 15% “No with veto” votes. Among 40 validators who participated in the voting, 38 validators voted in favor of the proposal. These are LuncGoblins, Moon Rabbit Validator, MoonRunners, and others. Allnodes is yet to voted on the proposal.
Terra Classic member and validator Vegas revealed that Osmosis IBC client needs an update for seamless operation of the IBC relay, facilitating interchain transfers between LUNC and Osmosis. He recommended an upgrade from 07-tendermint-12 to 07-tendermint-250.
“We propose upgrading from version 07-tendermint-12 to 07-tendermint-250.” This update is critical for the seamless operation of the IBC.
Proposal 12104 “Reactivate Osmosis IBC” has surpassed the pass threshold in the governance voting on the Station wallet by developer Fragwuerdig, a former member of the core developer team. The proposal aims to reactivate Osmosis-Terra Luna Classic IBC.
The proposal has been received 85% votes in favor, with the deadline for voting on May 25. Along with votes in favor, the proposal received 15% “No with veto” votes. Among 40 validators who participated in the voting, 38 validators voted in favor of the proposal. These are LuncGoblins, Moon Rabbit Validator, MoonRunners, and others. Allnodes is yet to voted on the proposal.
Terra Classic member and validator Vegas revealed that Osmosis IBC client needs an update for seamless operation of the IBC relay, facilitating interchain transfers between LUNC and Osmosis. He recommended an upgrade from 07-tendermint-12 to 07-tendermint-250.
“We propose upgrading from version 07-tendermint-12 to 07-tendermint-250.” This update is critical for the seamless operation of the IBC.