LUNC Staked Archives - Times Tabloid https://timestabloid.com/tag/lunc-staked/ Cryptocurrency and Blockchain Tabs Wed, 02 Aug 2023 17:08:40 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://timestabloid.com/wp-content/uploads/2021/08/cropped-Times-Tabloid-Favicon-32x32.png LUNC Staked Archives - Times Tabloid https://timestabloid.com/tag/lunc-staked/ 32 32 LUNC Path to $1? Total Staked Tokens On Terra Classic Network Hits 1 Trillion https://timestabloid.com/lunc-path-to-1-total-staked-tokens-on-terra-classic-network-hits-1-trillion/ Wed, 14 Jun 2023 09:26:00 +0000 https://timestabloid.com/?p=16639 Barely a few weeks after we reported LUNC’s ascent to approximately 970 Billion LUNC tokens locked up in staking contracts, the token finally achieved the landmark of 1 trillion staked coins secured in staking contracts amid the massive selling pressure on the market. While Terra Classic continues to seek means to scale through the strong […]

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]]> Barely a few weeks after we reported LUNC’s ascent to approximately 970 Billion LUNC tokens locked up in staking contracts, the token finally achieved the landmark of 1 trillion staked coins secured in staking contracts amid the massive selling pressure on the market.

While Terra Classic continues to seek means to scale through the strong bearish storm that has paralyzed market activities in the crypto sphere, in addition to the latest enforcement actions by SEC, Terra Classic’s new milestone could open the path to LUNC’s $1 price projection.

Read Also: Terra Classic Proposal to Bring USTC to $1 Passes. Here’s How LUNC would Benefit

Notably, LunaClassic HQ, a community-driven Terra Classic account, disclosed Terra Classsic’s newest achievement via a tweet. The announcement sparked mixed reactions from Twitter users.

What Is StakeBin Saying About Terra Classic’s New Achievement? 

Per StakeBin, a dedicated crypto authority, Terra Classic has succeeded in staking up 1,003,120,789,034 (1 trillion) LUNC coins worth nearly $90 million, implying a remarkable 14% of the asset’s total supply has been staked.

StakeBin also noted that LUNC’s newest feat is a testimony of growing interest from the crypto community, despite the network’s rugged past. The dedicated crypto authority pointed out that users seem confident about the prospects in Terra Classic’s future, which saw them stake their LUNC tokens on the blockchain to earn rewards.

Read Also: Could This Be the Major Reason Why Terra Classic (LUNC) Surged Up To 36% within 24 Hours? Details

Terra Classic (LUNC) Burn Project: What Is The Update So Far?

LUNC’s hope to attain a $1 price level implies that the platform must make concrete efforts to burn down massive LUNC coin supplies. Thus far, Terra Classic has been consistent in its burn project, with over 60.39 billion LUNC tokens burned, reducing its circulating pool to an estimated 5.8 trillion.

It’s worth noting that Binance, the world’s largest exchange, is the highest contributor, having burned down 32 billion LUNC tokens, representing an impressive 50% contribution.

Unfortunately, Binance was charged to court by the United States Securities and Exchange Commission (SEC) for facilitating the sales of some crypto projects which the regulatory body tagged as securities. It is left to see if SEC’s action against Binance will have a significant impact on LUNC’s burn project.

However, per CoinGecko, LUNC’s price at the time of filing this report is $0.00009588, representing a 0.2% spike in the past 24 hours and a 24-hours trading volume of $97,915.

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]]> LUNC to $1? Staked Terra Classic Tokens about to Hit 1 Trillion Milestone https://timestabloid.com/lunc-to-1-staked-terra-classic-tokens-about-to-hit-1-trillion-milestone/ Sun, 14 May 2023 09:23:05 +0000 https://timestabloid.com/?p=15668 Over the years, staking crypto tokens have proven to be a dependable means of making passive income in crypto trading. Recently, crypto investors have recognized the potential in crypto staking, which has made them constantly seek cryptocurrencies with good staking prospects. Lately, one cryptocurrency with promising staking potential that appears to have endeared itself to […]

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]]> Over the years, staking crypto tokens have proven to be a dependable means of making passive income in crypto trading. Recently, crypto investors have recognized the potential in crypto staking, which has made them constantly seek cryptocurrencies with good staking prospects. Lately, one cryptocurrency with promising staking potential that appears to have endeared itself to the heart of crypto investors is the Terra Classic (LUNC).

About 1 Trillion LUNC Tokens Staked

Terra Classic is built on a Terra blockchain protocol that utilizes the efficacy of stablecoins to propel price-stable global payment systems. Luna Classic (LUNC) is the dedicated token of the Terra blockchain that is currently making waves in crypto staking.

A well-known personality in the Terra Classic community recently disclosed that 970,351,935,248 LUNC tokens are currently locked up in staking contracts. It won’t be long to reach 1 trillion in number staked LUNC coins, an achievement that will go down as a significant milestone.

Can LUNC Value Benefit from the Staked Tokens?

The 970 billion staked Luna Classic tokens represent a massive increase from the over 700 billion recorded in the early periods of 2023. The growing increase in the number of staked coins invariably testifies to the growing confidence in Terra Classic as a long-term investment option.

It’s generally believed that the more a token is being taken out of circulation, the more chances it has to experience a rise in value. This implies that the journey to $1 per coin is still valid.

Terra Classic Burns Record

According to Terra Classic’s data on CoinGecko, Terra Classic boasts of a circulating pool of 5,881,801,251,439 from a total supply of 6,852,298,434,646 coins. These figures are relatively massive for a mere half a billion dollars worth. As a result, Terra Classic is strongly burning its coin supplies in a bid to increase the market value of Luna Classic. The Terra Classic platform has burned 1.3 B LUNC tokens worth around $110,794.

Also, Binance burned over 1.26 billion LUNC coins in its just concluded monthly burning episodes, bringing the total units of LUNC burned by Binance to around 31.83B LUNC coins. Luna Classic became the first crypto asset to exceed 31 billion in terms of burned assets. LUNC’s total burns now stand at an estimated 57.3 billion tokens.

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