Terra Luna Classic Community Votes to Increase LUNC Burn Tax as Binance Adds Support for LUNA and Terra Classic Tokens.

The Terra Luna Classic community has voted to increase the LUNC burn tax due to the falling price of LUNC. Despite rejecting previous proposals, Terra Classic influencers have hinted at plans to restore the LUNC burn tax to its initial level in June. However, Binance CEO "CZ" may need to be convinced as Binance has warned to revoke its LUNC burn mechanism. Binance has now added support for LUNA and Terra Classic on its platform to meet the growing demand for cryptocurrency trading.

Terra $0.60

-1.22%

LUNA

Original Link

Comments

All Comments

Recommended for you

cointelegraph ·

Interpol Nigeria boosts cybersecurity with virtual asset training

The training will enable officers to effectively address cybercrimes involving virtual assets, particularly stablecoins.
cointelegraph ·

JPMorgan’s Onyx to industrialize blockchain PoCs from Project Guardian

Traditional firms like JPMorgan and WisdomTree are seeking to turn Project Guardian’s blockchain proofs-of-concept into scalable financial products.
cointelegraph ·

Franklin Templeton CEO says all ETFs and mutual funds will be on blockchain

She also warned that generative artificial intelligence was like the “kid that got an ‘F’ in math.”
cointelegraph ·

OKX Ventures invests in Web3 ‘play ARPG to train AI’ game Blade of God X

The game is currently available in early access on the Epic Games Store.
cointelegraph ·

Bitcoin volatility plunges below Tesla, Nvidia stocks amid $100K price prediction

Lower Bitcoin market volatility often precedes significant bull runs, suggesting that the current trend could propel prices toward the $100,000 to $150,000 range.
Cointime精选 ·

State of Venus Q1 2024

Venus (XVS) is a decentralized finance platform built on the BNB chain, offering a robust money market protocol for the crypto community. At its core, Venus enables users to deposit various cryptoassets, which can then be borrowed. Venus employs a unique algorithmic approach unlike traditional financial systems, where central entities often set interest rates. The interest rates for borrowing and lending on Venus are dynamically adjusted based on a jump rate model and whitepaper rate model. These models leverage the utilization ratio, which is the proportion of deposited assets that have been borrowed.
Web3 startup Star Nest completes $6 million in Pre-A round of financing

Hong Kong Web3 music startup Star Nest announced that it has completed a $6 million Pre-A round of financing, led by Chuangqi International Limited, a wholly-owned subsidiary of Hong Kong Stock Exchange-listed company Guofu Innovation. Star Nest will collaborate with Armonia Meta Chain to develop the Star Nest SpaceStar metaverse game, which includes music, role-playing, and social features.In addition, Star Nest plans to launch its NEST project in the third quarter of 2024. Nest will receive 2.1 billion NEST tokens tailored for the project, and Star Nest will use the NEST token to build a more complete music industry token economic system. The NEST token will be widely used for purchasing performance tickets, chain game cooperation, metaverse consumption, governance voting, and other activities.
Singapore-based Uxuy raises $7M in Pre-A funding for decentralized multi-chain trading platform.

Singapore-based decentralized multi-chain trading platform, Uxuy, has secured $7M in Pre-A funding from a range of investors including Binance Labs, Matrix Partners, and GBV Capital. The funds will be used to facilitate low-cost transactions of various assets across different blockchain networks. Uxuy, which is incubated by Binance Labs, aims to provide users with a seamless trading experience.
Bitcoin native application platform Arch developer completes $7 million seed round of financing, led by Multicoin Capital

Bitcoin native application platform Arch developer Arch Labs announced the completion of a $7 million seed round of financing, led by Multicoin Capital, with participation from Portal Ventures, OKX Ventures, Big Brain Holdings, CMS Holdings and Tangent.
Tokenization platform AgriDex completes $5 million Pre-Seed round of financing

AgriDex, a tokenization platform on the Solana blockchain, announced the completion of a $5 million Pre-Seed round of financing, led by Endeavor Ventures, with participation from African Crops Limited, Oldenburg Vineyards, and former Goldman Sachs and Citadel executive, Hank Oberoi. It is reported that AgriDex is expected to launch its platform and token, AGRI, in the third quarter of this year. According to its white paper, AgriDex has reserved 5% of the total token supply, or 50 million tokens out of 1 billion tokens, for airdrops.