Cointime

Download App
iOS & Android

Terra (LUNA) Developer States What Will Precede USTC Repeg and LUNC Recovery

According to Chen in a tweet on November 28, USTC repeg may be possible if the community’s efforts make significant progress or gain momentum.

The Terra developer believes any significant progress in the UST repeg efforts will aid LUNC growth as the “nonbelievers” will be surprised and more people will have the faith to join.

Will Chen tweeted, “The USTC repeg is the first time something like this at this scale has ever been attempted by a community. Like LUNC, once the communal effort to repeg USTC makes progress / momentum that defy the odds and surprises all the non-believers, everybody will want to join in.”

Comments

All Comments

Recommended for you

  • Cointime's Evening Highlights for May 19th

    1.US spot Bitcoin ETFs saw net inflows of $948.3 million this week
  • Will this cycle skip Ethereum?

    Ryan Sean Adams is going to take the perspective of long-term Ethereum bulls, not the obviously wrong dyed in the wool Ethereum is dead haters.
  • Genesis Global secures court approval for $3B payout

    According to Judge Lane, any available funds for distribution by Genesis are being exhausted by creditor claims, which take priority over DCG’s equity stake.
  • Crypto Industry Rallies Behind House Bill as It Heads Toward Final Vote

    The so-called FIT21 legislation to establish a U.S. regulatory regime for digital assets is set for a floor vote next week, and the sector is telling House leaders the effort is "crucial."
  • Cointime May 3rd News Express

    1. The 133rd Ethereum ACDC meeting: The goal is to complete the devnet within 7-10 days
  • Cointime April 23th News Express

    1. EigenLayer: Deposit limits for all LST tokens will be removed on April 16
  • Cointime April 5th News Express

    1.Mystiko.Network Community Sale Completed, Total $11.25 Million in XZK Sold2.Solana Co-founder Responds to the Sharp Increase in Transaction Failure Rates: Patch Coming Soon3.Ethena USDe market value exceeds 2 billion US dollars, setting a new record4.Du Jun, Executive Director and CEO of Xinhuo & Founder of ABCDE: Xinhuo Technology and ABCDE will invest 100 million US dollars to support blockchain companies that promote social development 5.QCP Capital: Bitcoin is expected to return to $70,000 this week, while Ethereum continues to be weak6.bitSmiley Labs officially launches its independent ecosystem plan, bitUniverse, and reveals its OG pass bitDisc-Black Upgraded Priviledges 7.Avalanche Foundation launches ice-breaking plan, focusing on LST track in the first phase and funding 500,000 AVAX 8.SuperRare Expands into Bitcoin Ordinals with Killer Acid's Psychedelic Art Collection 9.A dormant whale address for 8 months deposited 1,100 BTC into Binance10.Meme exchange DerpDEX.com completes multi-million dollar strategic investment, with participation from ABO Digital and others
  • Cointime March 23th News Express

    1. Blast has distributed 10 million Blast Gold to BIG BANG winners and mainnet Dapps
  • LUNA exceeded 1 USDT, rising 11.52% in 24H

    OKX market data shows LUNA has broken through 1 USDT and is currently trading at 1.0457 USDT, with a 24-hour increase of 11.52%. Earlier news reported that Do Kwon, co-founder of Terra, has been released and is awaiting extradition decisions from the Supreme Court.
  • Terra founder Do Kwon to be extradited to U.S.

    Terra founder Do Kwon will be extradited to the United States.