Sunday, April 2, 2023
Bitcoin - Altcoin News
No Result
View All Result
  • Login
No Result
View All Result
Bitcoin News
No Result
View All Result
Home News Altcoin News

Just-In: Lead Developer Confirms Terra Classic’s (LUNC) Compatibility With Interchain Station

news by news
January 10, 2023
in Altcoin News, LUNA Classic, LUNC, News, Terra Classic
0
Just-In: Lead Developer Confirms Terra Classic’s (LUNC) Compatibility With Interchain Station
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

READ ALSO

Breaking: Binance, CZ And Three Top Crypto Influencers Slapped With $1 Billion Lawsuit

Elon Musk’s SpaceX To Fly 62 Bitcoin To The Moon? Here’s Why

Terra Classic (LUNC)

The price of Terra Classic (LUNC) rose nearly 3% in the past few minutes following the news of a major development slated to take place on the network. This comes after Jared, who recently served as the liaison for TFL and the LUNC community, asserted that the Terra Classic network stands to gain significantly from the new “breakthrough in chain integrations”.

LUNC’s Integration In Interchain Station

While speaking on the release of the new station wallet, Jared’s comment sparked widespread interest within the community as the new integration had been a much-awaited update for the re-launch of the dwindling blockchain. The lead developer further mentioned that the launch had been delayed till Jan 12 due to this development.

Jared was quoted as saying:

For the LUNC community. Stay tuned, the delay is related to an update you’ve been waiting for.

Jared’s announcement follows up with the news of current integrations taking place in the upcoming station wallet; which include the likes of Osmosis, Juno, SEI, Carbon and another “bonus chain” that would be revealed later this week. Moreover, he confirmed that the interchain support would be made available within the next 48 hours and the different chains will be integrated in a progressive manner.

We are launching interchain support roughly 48hrs from this tweet.
After this initial launch, chain integrations will be on a rolling basis.

— Jared_TFL (@Jared_TFL) January 10, 2023

 

Terra Classic (LUNC) Token Burn

Jared’s tweets come at a time when the classic chain has been continually facing reports of internal conflict among the developer groups viz. Terra Rebels and the massive undelegation process carried out by exchanges; case in point, the recent 48 Billion LUNC undelegation by the KuCoin crypto exchange.

Terra Classic (LUNC)
Price of Terra Classic (LUNC) on CoinGape

However, on the other hand, the Terra Classic community has actively been burning the excess number of tokens in circulation. By 2023, the project and the validators of the chain plan to have burned billions of Terra Classic (LUNC) tokens. Currently, the community has staked about 850 billion LUNC tokens collectively and burned approximately 37.30 million of the altcoin so far.

As things stand, the Terra Classic (LUNC) price is currently being traded at $0.000167. This represents an increase of 9.6% on the day, in contrast to a gain of 7.8% during the last week as per CoinGape’s crypto market tracker.

Also Read: Nearly $12 Billion Vanishes From Binance’s Assets; What’s Going On?

The post Just-In: Lead Developer Confirms Terra Classic’s (LUNC) Compatibility With Interchain Station appeared first on CoinGape.

Related Posts

Breaking: Binance, CZ And Three Top Crypto Influencers Slapped With $1 Billion Lawsuit
24/7 Cryptocurrency News

Breaking: Binance, CZ And Three Top Crypto Influencers Slapped With $1 Billion Lawsuit

April 1, 2023
Elon Musk’s SpaceX To Fly 62 Bitcoin To The Moon? Here’s Why
24/7 Cryptocurrency News

Elon Musk’s SpaceX To Fly 62 Bitcoin To The Moon? Here’s Why

April 1, 2023
Celsius Releases Reorganization Strategy; Finally Some Hope For Retail Customers?
24/7 Cryptocurrency News

Celsius Releases Reorganization Strategy; Finally Some Hope For Retail Customers?

April 1, 2023
Bitcoin Trades Above $28K Despite Fall Of Bittrex U.S.
24/7 Cryptocurrency News

Bitcoin Trades Above $28K Despite Fall Of Bittrex U.S.

April 1, 2023
Breaking: Binance Burns 1.6 Billion Terra Luna Classic Tokens, LUNC Price Jumps 3%
24/7 Cryptocurrency News

Breaking: Binance Burns 1.6 Billion Terra Luna Classic Tokens, LUNC Price Jumps 3%

April 1, 2023
XRP Lawyer States Best And Worst Outcomes In US SEC Vs Ripple Lawsuit
24/7 Cryptocurrency News

XRP Lawyer States Best And Worst Outcomes In US SEC Vs Ripple Lawsuit

April 1, 2023
Next Post
Breaking: First Ever Crypto Insider-Trading Case On Coinbase Gets 10 Months Jail Time

Breaking: First Ever Crypto Insider-Trading Case On Coinbase Gets 10 Months Jail Time

POPULAR NEWS

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

December 7, 2022
Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

December 7, 2022
Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

December 17, 2022
Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

December 7, 2022
Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

February 28, 2023

EDITOR'S PICK

Will FED Break Crypto Market? What To Expect Ahead Of This Weeks FED Meeting?

Will FED Break Crypto Market? What To Expect Ahead Of This Weeks FED Meeting?

December 12, 2022
Avalanche (AVAX) Price Shoots By 26% Over This Amazon Deal

Avalanche (AVAX) Price Shoots By 26% Over This Amazon Deal

January 12, 2023
Elon Musk Announces Twitter Update; How It Will Affect Users

Elon Musk Announces Twitter Update; How It Will Affect Users

December 9, 2022
XRP Bull Run Ahead? 480 MIllion XRP Moved By Whales

XRP Bull Run Ahead? 480 MIllion XRP Moved By Whales

January 9, 2023
Bitcoin - Altcoin News

© 2022 coingger.com

Navigate Site

  • Europe
  • Exchange
  • Elon Musk
  • ETH Price
  • crypto Tax U.S.
  • CZ
  • Crypto Miners
  • BTC Price
  • ChatGPT
  • China crypto
  • Coingecko
  • Binance Smart Chain
  • Bitcoin $100K
  • Airdrop

Follow Us

No Result
View All Result
  • Homepages
    • Home Page 1

© 2022 coingger.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In