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The hype around Terra Classic’s staking service and new token-burning feature is helping fuel the LUNC rally. Terra Classic (LUNC) has outperformed all top-ranking cryptocurrencies so far in September gaining nearly 100% in the past seven days alone. Terra Classic outperforms crypto market The token surged more than 250% month-to-date to reach $0.000594 on Sept. 8, its best level on record. Whereas Bitcoin (BTC) dropped 4% and Ether (ETH) gained only 3.5% in the same period. The profits in the Terra Classic market appeared despite its association with the defunct Terra (LUNA) token, a $40 billion project that collapsed in May. Terra Classic is a rebranded version of the same Terra project and thus has been the subject of skepticism from analysts and investors since its debut. But, traders have ignored such warnings in recent weeks, with a flurry of fundamental catalysts influencing them to purchase LUNC. Staking service A new staking service went live on the Terra Classic chain on Aug...

Proposal 11477 “Increase MaxContractSize to upload code” submitted by TerraPoker to increase of key on Cosmos Wasm MaxContractSize to 819200 from 614400 is passed. This will allow the protocol to upload its contract on the chain and contribute to the LUNC burn campaign. advertisement TerraPoker in a tweet on April 24 appreciated the community for supporting the project to launch on the Terra Classic chain. The project will provide the poker game with LUNC soon and promises to burn 10% of the rake fees collected. The adjustment in contract size will not only welcome Terra Poker into the Terra Classic ecosystem, but also allow other protocols to join and help developers build better solutions. The proposal has received 60% of votes in favor, while 31% voted “No” and 8% voted “Abstain.” The current sentiment in the LUNC community suggests the proposal will increase utility on the chain and boost LUNC burn. Thus, major valida...

Terra Classic Developer Successfully Completes v2.1.1 Parity Upgrade Joint L1 Task Force project manager  LuncBurnArmy  took to Twitter to reveal that the Terra Classic blockchain was successfully upgraded with v2.1.1 at block height 13215800. He praised validators and others who took part in the upgrade. advertisement The v2.1.1 upgrade has been completed! Thank you to all validators for such a smooth upgrade. Parity has arrived. Thank you @TheVinhNguyen4 @frag_dude, Xi, for your endless work on this on this upgrade! Also, thank you to all of the validators for a great upgrade! — 🔥LuncBurnArmy🔥 (@luncburnarmy) June 14, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Exchange Affiliat...

Kwon’s Bail In Hot Waters A little over a week later, on May 17, the State Prosecutor’s Office in Podgorica filed an appeal against the court judgment. As a result, the case files have been brought before the High Court in Podgorica for reaching a conclusive decision on the matter. advertisement Read More: ApeCoin Eyes Price Hike As DAO Approves Key Community Proposal During the court hearing of Kwon’s bail acceptance, Haris Sabotic — a representative of the prosecution — objected to the aforementioned proposal, claiming that the defendants had no interest in staying in Montenegro as they were initially planning to flee to a foreign country. Sabotic, further added that there were no conditions set for determining surveillance measures in order to monitor their activities. Kwon’s Growing Challenges Kwon and his fellow co-founder have been accused of forgery by Montenegrin authorities; a conviction that could result ...