{"id":83894,"date":"2024-07-11T13:54:07","date_gmt":"2024-07-11T17:54:07","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=83894"},"modified":"2024-07-11T13:54:47","modified_gmt":"2024-07-11T17:54:47","slug":"binance-is-helping-terra-luna-classic-community-revive-ustc","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/binance-is-helping-terra-luna-classic-community-revive-ustc\/","title":{"rendered":"Binance Is Helping Terra Luna Classic Community Revive USTC"},"content":{"rendered":"\n

Following a cryptic post, Binance Crypto Exchange<\/a> reportedly assists the Terra Luna Classic community with the USTC revival plan.<\/p>\n\n\n\n

\"Binance
Binance Is Helping Terra Luna Classic Community Revive USTC<\/em><\/figcaption><\/figure>\n\n\n\n

As part of a burn campaign to decrease supply, the largest cryptocurrency exchange in the world, Binance, significantly contributes to the Terra Luna Classic community\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>. However, a message by one cryptocurrency exchange's associates stirred the community, revealing that the exchange also contributes to the USTC rebirth initiative.<\/p>\n\n\n\n

Binance Exchange Supports USTC Revival of Terra Classic Community<\/strong><\/h3>\n\n\n\n

Diana, a community associate at Binance, initiated a narrative on the X platform that claims the crypto exchange is assisting the Terra Luna Classic community in the revival of the USTC. The post was enigmatic.<\/p>\n\n\n\n

Mr. Diamondhandz1, a well-liked community member and LuncLive validator owner, posted the message. He noted that besides Binance's monthly LUNC burn mechanism, the exchange is probably helping the community with the USTC <\/a>revival strategy.<\/p>\n\n\n\n

Binance has torched more than 62 billion LUNC, which accounts for 49% of the total tokens burned by the community. According to the data, the community has consumed over 126 billion tokens. The community currently relies on Terraform Labs to destroy USTC in their wallets and Luna Foundation Guard wallets, as the USTC repeat plan is in limbo.<\/p>\n\n\n\n

Binance also holds Terra Luna Classic ecosystem tokens, which is noteworthy. Changpeng Zhao, the former CEO, disclosed that the company invested $3 million in Terra (now Terra Luna Classic) and never sold or transferred LUNC holdings.<\/p>\n\n\n\n

Price Action for LUNC <\/strong><\/h3>\n\n\n\n

The price of LUNC<\/a> increased by more than 1% on the last day amid the positive news, and it is now trading at $0.00007192. Although it lost ground and didn't rise over $0.000072, the community was still optimistic about a significant upward momentum as the cryptocurrency market recovered.<\/p>\n\n\n\n

$0.00007012 is the 24-hour low, and $0.0000729 is the 24-hour high. In the meantime, there was a 22% decline in trading volume, suggesting that traders were not interested.<\/p>\n\n\n\n

In the meantime, the price of USTC increased by 0.50%, and it is currently trading at $0.01608. $0.01579 is the 24-hour low, and $0.01636 is the 24-hour high. In the past day, trading volumes have decreased by 41% as traders continue to show little interest due to market concerns in cryptocurrencies.<\/p>\n","protected":false},"excerpt":{"rendered":"

Following a cryptic post, Binance Crypto Exchange reportedly assists the Terra Luna Classic community with the USTC revival plan. As part of a burn campaign to decrease supply, the largest cryptocurrency exchange in the world, Binance, significantly contributes to the Terra Luna Classic community . However, a message by one cryptocurrency exchange’s associates stirred the […]<\/p>\n","protected":false},"author":59,"featured_media":83896,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[834],"tags":[326,15618,11253],"class_list":["post-83894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-binance","tag-binance","tag-terra-luna-classic-2","tag-ustc"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/07\/binn.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/83894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=83894"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/83894\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/83896"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=83894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=83894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=83894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}