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		<title>Terra (LUNA) Executes New Network Upgrade with Enhanced Features</title>
		<link>https://timestabloid.com/terra-luna-executes-new-network-upgrade-with-enhanced-features/</link>
		
		<dc:creator><![CDATA[Chinedu Agbakwusi]]></dc:creator>
		<pubDate>Wed, 19 Jul 2023 10:39:58 +0000</pubDate>
				<category><![CDATA[Cryptocurrency]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[LUNA]]></category>
		<category><![CDATA[Terra]]></category>
		<category><![CDATA[Terra (LUNA)]]></category>
		<category><![CDATA[Terra 2.0]]></category>
		<category><![CDATA[Terra Blockchain]]></category>
		<guid isPermaLink="false">https://timestabloid.com/?p=18164</guid>

					<description><![CDATA[<p>In the most recent development, Terra mainnet, dubbed Phoenix-1, is back online and producing blocks following the successful implementation of a significant network upgrade to v.2.4 at block height 5994365, as revealed via a recent tweet. Terra Core has successfully upgraded to v2.4 and is once again producing blocks. Shoutout to Terra validators for a [&#8230;]</p>
<p>The post <a href="https://timestabloid.com/terra-luna-executes-new-network-upgrade-with-enhanced-features/">Terra (LUNA) Executes New Network Upgrade with Enhanced Features</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>In the most recent development, Terra mainnet, dubbed Phoenix-1, is back online and producing blocks following the successful implementation of a significant network upgrade to v.2.4 at block height 5994365, as revealed via a recent tweet.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">Terra Core has successfully upgraded to v2.4 and is once again producing blocks. Shoutout to Terra validators for a speedy upgrade!</p>
<p>&mdash; Terra  Powered by LUNA <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f315.png" alt="🌕" class="wp-smiley" style="height: 1em; max-height: 1em;" /> (@terra_money) <a href="https://twitter.com/terra_money/status/1681290620340666368?ref_src=twsrc%5Etfw">July 18, 2023</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Notably, the network downtime that was experienced a few hours before the network upgrade at about 13:00 (UTC) was envisioned, following an earlier announcement by the development team on July 17.</p>
<p><em><strong>Read Also: <a href="https://timestabloid.com/terra-classic-lunc-parity-with-luna-2-0-and-cosmos-upgrade-heres-the-latest-as-new-dade-fixed/" target="_blank" rel="noopener">Terra Classic (LUNC) Parity with LUNA 2.0 and Cosmos Upgrade? Here’s the Latest as New Date Fixed</a></strong></em></p>
<h2><b>Voting Results<br />
</b></h2>
<p>Votes to determine the implementation of v.2.4 network upgrade as approved by the concerned community members on July 17 were concluded on Tuesday with 98.22% &#8220;YES&#8221; votes and 1.78% &#8220;NO&#8221; votes.</p>
<p>The majority of votes in support of the network enhancement implementation came from the Setten Validator (2.7%) and Smart Stake Analytics Hub (2.29%). However, the Kucoin Luna Node and 70 other validators exempted themselves from voting on the on-chain proposal.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">On-chain Proposal vote ended!</p>
<p>Prop #4737: Phoenix Software Upgrade v2.4</p>
<p>Status: Passed <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f7e2.png" alt="🟢" class="wp-smiley" style="height: 1em; max-height: 1em;" /> 98.22% of YES votes, 1.78% of NO votes, turnout: 53.7%</p>
<p>Link: <a href="https://t.co/sLaDiOvivo">https://t.co/sLaDiOvivo</a></p>
<p>&mdash; Terra Governance Alerts (@terra_agora) <a href="https://twitter.com/terra_agora/status/1680852721950130176?ref_src=twsrc%5Etfw">July 17, 2023</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2><b>What Does Terra (LUNA) Hope To Achieve With Upgrade </b></h2>
<p>The main idea behind the just-concluded update is to push for the adoption of LUNA, the dedicated token of the Terra blockchain. Per a previously drafted outline by Terra&#8217;s development team, the upgrade will integrate and tackle four impediments known to limit activities on the Terra blockchain.</p>
<p>One such limitation that got resolved following the successful upgrade implementation is the issue of Smart Contracts not triggering as expected.</p>
<p>In addition, undelegation problems witnessed by some Terra blockchain users got resolved. At the same time, a crucial issue related to message validation got fixed too.</p>
<p><em><strong>Read Also: <a href="https://timestabloid.com/terra-luna-price-prediction-till-mid-2023-changelly/" target="_blank" rel="noopener">Terra (LUNA) Price Prediction Till Mid-2023: Changelly</a></strong></em></p>
<h2><b>Terra (LUNA) Moves For Inter Blockchain Communication (IBC)</b></h2>
<p>Per new findings, a group of developers submitted a Terra enhancement proposal for governance voting on Monday. The new proposal was tagged &#8220;Gate Contract,&#8221; which aims at promoting inter Blockchain Communication (IBC) messages between Terra (LUNA) and other smart contracts running on different chains.</p>
<p>It is worth noting that Terra (LUNA) blockchain can not merge with Terra Classic (LUNC) blockchain as both blockchains are known to be certified independent blockchains; Terraform Labs staff, Jared, made this disclosure via an old tweet.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">Yeah, it’s really about what you mean by “merge”<br />They are sovereign chains. You can’t change that factor.</p>
<p>If you mean you would like developers to work together, that is happening. That is feasible.</p>
<p>&mdash; Jared_TFL (@Jared_TFL) <a href="https://twitter.com/Jared_TFL/status/1613969741923876865?ref_src=twsrc%5Etfw">January 13, 2023</a></p></blockquote>
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<p>The post <a href="https://timestabloid.com/terra-luna-executes-new-network-upgrade-with-enhanced-features/">Terra (LUNA) Executes New Network Upgrade with Enhanced Features</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
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		<title>Terra Classic (LUNC) Parity with LUNA 2.0 and Cosmos Upgrade? Here’s the Latest as New Date Fixed</title>
		<link>https://timestabloid.com/terra-classic-lunc-parity-with-luna-2-0-and-cosmos-upgrade-heres-the-latest-as-new-dade-fixed/</link>
		
		<dc:creator><![CDATA[Solomon Odunayo]]></dc:creator>
		<pubDate>Mon, 29 May 2023 15:18:00 +0000</pubDate>
				<category><![CDATA[Cryptocurrency]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Cosmos]]></category>
		<category><![CDATA[Cosmos Blockchain]]></category>
		<category><![CDATA[Cosmwasm Upgrade]]></category>
		<category><![CDATA[LUNC]]></category>
		<category><![CDATA[Terra]]></category>
		<category><![CDATA[Terra 2.0]]></category>
		<category><![CDATA[Terra Classic (LUNC)]]></category>
		<guid isPermaLink="false">https://timestabloid.com/?p=16132</guid>

					<description><![CDATA[<p>Terra Classic network, which has been struggling since the historic collapse of May 2022, is working towards a notable revival, and developers in this ecosystem have since been busy working to achieve this difficult but not impossible goal. The network has made new headway towards realizing this goal as the L1 Joint Task Force (L1JTF) [&#8230;]</p>
<p>The post <a href="https://timestabloid.com/terra-classic-lunc-parity-with-luna-2-0-and-cosmos-upgrade-heres-the-latest-as-new-dade-fixed/">Terra Classic (LUNC) Parity with LUNA 2.0 and Cosmos Upgrade? Here’s the Latest as New Date Fixed</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Terra Classic network, which has been struggling since the historic collapse of May 2022, is working towards a notable revival, and developers in this ecosystem have since been busy working to achieve this difficult but not impossible goal.</p>
<p>The network has made new headway towards realizing this goal as the L1 Joint Task Force (L1JTF) took the next step towards the implementation of v2.1.0 known as the Cosmwasm upgrade.</p>
<p><strong><em>Read Also: <a href="https://timestabloid.com/terra-classic-voting-for-proposal-to-re-enable-ibc-channels-goes-live-heres-why-this-is-important/" target="_blank" rel="noopener">Terra Classic Voting For Proposal to Re-Enable IBC Channels On Cosmos Chain Goes Live. Here’s Why This Is Important</a></em></strong></p>
<p>It should be noted that this upgrade is meant to bring Terra Classic (LUNC) to parity with Luna 2.0 and Cosmos blockchain.</p>
<p>The revision of the second quarter roadmap recently released shows that the L1 team has shifted the date of the upgrade to version v2.1.0.</p>
<p>According to LuncBurnArmy in a series of tweets a few hours ago, the release date has been moved from May 31 to June 14 to give room for more tests on the upgrade and quality assurance.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">1. <a href="https://twitter.com/hashtag/LuncArmy?src=hash&amp;ref_src=twsrc%5Etfw">#LuncArmy</a> Please find the status update for Q2 Sprint #4 at the following location:<a href="https://t.co/NKCxueSAiB">https://t.co/NKCxueSAiB</a></p>
<p>&mdash; LuncBurnArmy<img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;" /> (@luncburnarmy) <a href="https://twitter.com/luncburnarmy/status/1663021577393373193?ref_src=twsrc%5Etfw">May 29, 2023</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>In the same thread of tweets, LuncBurnArmy (LBA), the L1JTF’s Project Manager revealed that once the testnet is successfully released on May 31, the upgrade proposal will be created and put up for voting after seven days.</p>
<p><strong><em>Read Also: <a href="https://timestabloid.com/do-kwon-is-set-to-integrate-terra-classic-lunc-and-cosmos-chain-projects-into-terra-station-details/" target="_blank" rel="noopener">Do Kwon Is Set To Integrate Terra Classic (LUNC) and Cosmos Chain Projects into Terra Station: Details</a></em></strong></p>
<p>LuncBurnArmy noted:</p>
<p><em>“The team is focused on the v2.1.0 upgrade, and smart contract testing has been going well. The rehearsal testnet upgrade has been scheduled for this Wednesday May 31st at approximately 11am EST.</em></p>
<p><em>“Following a successful upgrade on the testnet on Wednesday May 31st, we will be creating and posting the upgrade proposal, and will put it up for vote approximately 7 days later. The upgrade for parity has been scheduled for June 14th as a firm date.</em></p>
<p><em>“The 5% minimum validator commission fee has been developed, is currently undergoing testing, and we are targeting inclusion in v2.1.0 on June 14th.</em></p>
<p><em>“Hope everyone had a wonderful weekend, and wish you all the best in the week ahead. Happy coding and testing!”</em></p>
<p>Another key aspect of the upgrade is determining the validator fee rate. Although validators on the Terra Classic network have the freedom to set their choice validator fee, the team wants to enforce a minimum commission rate of 5% to ensure a fair and secure network.</p>
<hr />
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<p>The post <a href="https://timestabloid.com/terra-classic-lunc-parity-with-luna-2-0-and-cosmos-upgrade-heres-the-latest-as-new-dade-fixed/">Terra Classic (LUNC) Parity with LUNA 2.0 and Cosmos Upgrade? Here’s the Latest as New Date Fixed</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
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		<title>Terra Classic (LUNC) To Be Supported on TerraForm Labs Interchain Station</title>
		<link>https://timestabloid.com/terra-classic-lunc-to-be-supported-on-terraform-labs-interchain-station/</link>
		
		<dc:creator><![CDATA[Ndianabasi Tom]]></dc:creator>
		<pubDate>Wed, 11 Jan 2023 11:02:51 +0000</pubDate>
				<category><![CDATA[Cryptocurrency]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[LUNC]]></category>
		<category><![CDATA[Rebel Station]]></category>
		<category><![CDATA[Terra]]></category>
		<category><![CDATA[Terra 2.0]]></category>
		<category><![CDATA[Terra Classic]]></category>
		<category><![CDATA[Terra Station]]></category>
		<category><![CDATA[Terraform Labs]]></category>
		<guid isPermaLink="false">https://timestabloid.com/?p=13122</guid>

					<description><![CDATA[<p>According to a key developer at Do Kwon&#8217;s TerraForm Labs, Jared, Terra Classic (LUNC) will be integrated into Terra&#8217;s new wallet — the Interchain Station. Jared of TFL noted specifically that LUNC along with Osmosis, Juno, SEI, Carbon, and a bonus chain has been integrated into the Station repo. The developer added that Interchain support [&#8230;]</p>
<p>The post <a href="https://timestabloid.com/terra-classic-lunc-to-be-supported-on-terraform-labs-interchain-station/">Terra Classic (LUNC) To Be Supported on TerraForm Labs Interchain Station</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>According to a key developer at Do Kwon&#8217;s TerraForm Labs, Jared, Terra Classic (LUNC) will be integrated into Terra&#8217;s new wallet — the Interchain Station.</p>
<p><span style="font-weight: 400;">Jared of TFL noted specifically that LUNC along with </span><a href="https://timestabloid.com/terra-classic-lunc-and-osmosis-ibc-channel-reopened-heres-the-significance/" target="_blank" rel="noopener"><span style="font-weight: 400;">Osmosis</span></a><span style="font-weight: 400;">, Juno, SEI, Carbon, and a bonus chain has been integrated into the Station repo. The developer added that Interchain support for Terra Classic will be launched on December 12. </span></p>
<p><span style="font-weight: 400;">He <a href="https://twitter.com/Jared_TFL/status/1612844367110344704" target="_blank" rel="noopener">wrote</a> on Tuesday, </span><i><span style="font-weight: 400;">&#8220;integrating today into Station repo: Lunc, Osmosis, Juno, SEI, Carbon plus a bonus chain, which will be announced later this week. We are launching interchain support roughly 48hrs from this tweet. A</span></i><i>fter this initial launch, chain integrations will be on a rolling basis.&#8221;</i></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">We are launching interchain support roughly 48hrs from this tweet.<br />After this initial launch, chain integrations will be on a rolling basis.</p>
<p>&mdash; Jared_TFL (@Jared_TFL) <a href="https://twitter.com/Jared_TFL/status/1612844367110344704?ref_src=twsrc%5Etfw">January 10, 2023</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><b><i>Read Also: </i></b><a href="https://timestabloid.com/top-lunc-dev-submits-proposal-for-no-canonical-repo-on-terra-classic/" target="_blank" rel="noopener"><b><i>Top LUNC Dev Submits Proposal for No Canonical Repo on Terra Classic</i></b></a></p>
<p><span style="font-weight: 400;">This compatibility update between LUNC and the impending Interchain Station has sparked much interest from the Terra Classic community. This is so because Jared said earlier that Terra Classic will not be compatible with the Interchain Station except the project modifies its prefix. </span></p>
<p><span style="font-weight: 400;">The TFL developer further </span><a href="https://timestabloid.com/terra-classic-lunc-independence-would-come-with-major-benefits-terraform-labs-staff-says/" target="_blank" rel="noopener"><span style="font-weight: 400;">encouraged</span></a><span style="font-weight: 400;"> the Terra Classic community to strive to attain independence from TerraForm Labs&#8217; infrastructure, highlighting the associated advantages and benefits to LUNC. More so, Jared added that the TFL is willing to exit direct support for the Terra Classic chain when it becomes fully independent of TFL’s infrastructure. </span></p>
<p><span style="font-weight: 400;">So this update from the liaison man between TFL and the LUNC community comes at a time when the Terra Classic developer group, Terra Rebels, </span><a href="https://timestabloid.com/terra-classic-devs-abandon-do-kwons-terra-station-to-launch-lunc-wallet-for-full-independence/" target="_blank" rel="noopener"><span style="font-weight: 400;">abandoned</span></a><span style="font-weight: 400;"> TFL&#8217;s infrastructure to develop an independent LUNC wallet dubbed Rebel Station. </span></p>
<p><span style="font-weight: 400;">To build Rebel Station, the independent LUNC dev group Terra Rebels submitted a controversial proposal that </span><a href="https://timestabloid.com/proposal-to-fund-rebel-station-development-passes-937-5-million-lunc-given-to-terra-rebels/" target="_blank" rel="noopener"><span style="font-weight: 400;">passed</span></a><span style="font-weight: 400;"> and they eventually received a funding sum of $150,000. </span></p>
<p><b><i>Read Also: </i></b><a href="https://timestabloid.com/lunc-dev-group-raises-1-million-funding-for-defi-project-that-includes-terra-classic-dex/" target="_blank" rel="noopener"><b><i>LUNC Dev Group Raises $1 Million Funding For DeFi Project That Includes Terra Classic DEX</i></b></a></p>
<p><span style="font-weight: 400;">The last </span><a href="https://timestabloid.com/terra-classic-v23-upgrade-completed-while-lunc-dev-group-shares-update-on-rebel-station/" target="_blank" rel="noopener"><span style="font-weight: 400;">update</span></a><span style="font-weight: 400;"> regarding Rebel Station from the TR group was on December 20. Since no further updates have been received from the group, coupled with the perceived misappropriation of the allocated funds, LUNC community members </span><a href="https://timestabloid.com/terra-rebels-could-face-legal-action-as-lunc-community-demands-refund-of-150000-details/" target="_blank" rel="noopener"><span style="font-weight: 400;">demanded</span></a><span style="font-weight: 400;"> a refund of the $150,000 from Terra Rebels, which has not been done. More so, the TR scam allegations </span><a href="https://timestabloid.com/binance-introduces-a-notable-change-to-lunc-burn-in-response-to-lunc-reminting-consideration/" target="_blank" rel="noopener"><span style="font-weight: 400;">negatively impacted</span></a><span style="font-weight: 400;"> Binance&#8217;s LUNC burn support.</span></p>
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<p>The post <a href="https://timestabloid.com/terra-classic-lunc-to-be-supported-on-terraform-labs-interchain-station/">Terra Classic (LUNC) To Be Supported on TerraForm Labs Interchain Station</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
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		<title>Can Terra (LUNA) Regain $100 in 2023? Find Out Here</title>
		<link>https://timestabloid.com/can-terra-luna-regains-100-in-2023-find-out-here/</link>
		
		<dc:creator><![CDATA[Ndianabasi Tom]]></dc:creator>
		<pubDate>Wed, 04 Jan 2023 22:23:54 +0000</pubDate>
				<category><![CDATA[Cryptocurrency]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[LUNA]]></category>
		<category><![CDATA[LUNA 2.0]]></category>
		<category><![CDATA[LUNA Price]]></category>
		<category><![CDATA[Terra]]></category>
		<category><![CDATA[Terra (LUNA)]]></category>
		<category><![CDATA[Terra 2.0]]></category>
		<guid isPermaLink="false">https://timestabloid.com/?p=12982</guid>

					<description><![CDATA[<p>The Terra 2.0 native token, LUNA, is inarguably one of the most underperforming assets in the crypto market. The event surrounding the invention of LUNA is conceivably the main factor contributing to investors&#8217; low interest in the TerraForm Labs-related coin. Recall that LUNA was birthed shortly after the historic collapse of the Terra ecosystem which [&#8230;]</p>
<p>The post <a href="https://timestabloid.com/can-terra-luna-regains-100-in-2023-find-out-here/">Can Terra (LUNA) Regain $100 in 2023? Find Out Here</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>The Terra 2.0 native token, LUNA, is inarguably one of the most underperforming assets in the crypto market. The event surrounding the invention of <a href="https://timestabloid.com/tag/luna/">LUNA</a> is conceivably the main factor contributing to investors&#8217; low interest in the TerraForm Labs-related coin.</p>
<p><span style="font-weight: 400;">Recall that LUNA was birthed shortly after the historic collapse of the Terra ecosystem which was caused by the de-pegging of the algorithmic stablecoin, formerly known as TerraUSD (UST), as designed by Do Kwon. </span></p>
<p><span style="font-weight: 400;">Ever since LUNA spiked to an all-time high of $19.54 on May 28, the token has been in a steady decline, establishing an all-time low of $1.17 in December 2022. With over 93% decline from its all-time high, roughly 43% decline in the last 90 days, and an 18% fall in the last 30 days at press time, interest in the token continues to lessen by the day. </span></p>
<p><b><i>Read Also: </i></b><a href="https://timestabloid.com/do-kwon-suggests-ways-to-make-terra-luna-bloom-again/"><b><i>Do Kwon Suggests Ways to Make Terra (LUNA) Bloom Again</i></b></a></p>
<p><span style="font-weight: 400;">At the </span><a href="https://coinmarketcap.com/currencies/terra-luna-v2/"><span style="font-weight: 400;">time</span></a><span style="font-weight: 400;"> of writing, LUNA&#8217;s price is exchanging hands at $1.33, having plummeted by over 2% in the last 24 hours. While it&#8217;s not certain the trend it will maintain in 2023, some technical indicators indicate that LUNA&#8217;s price could easily go either way in the short term. </span></p>
<p><span style="font-weight: 400;">Particularly, its relative strength index (purple) dropped below 60 today after reaching 70 earlier this year. Also, LUNA&#8217;s moving average (red) for the 30 days range continues to hover around its 200-day average (blue). </span></p>
<figure id="attachment_12985" aria-describedby="caption-attachment-12985" style="width: 300px" class="wp-caption aligncenter"><figcaption id="caption-attachment-12985" class="wp-caption-text">Source: TradingView</figcaption></figure>
<p><span style="font-weight: 400;">Considering that no algorithmic stablecoin powers the Terra 2.0 blockchain coupled with the lack of significant use cases related to the coin, the possibility of LUNA rallying to the $100 mark or anywhere close appears slim but not impossible. </span></p>
<p><b><i>Read Also: </i></b><a href="https://timestabloid.com/do-kwon-accuses-ftx-founder-of-manipulating-terra-luna-and-ust-prices-others-share-evidence/"><b><i>Do Kwon Accuses FTX Founder of Manipulating Terra (LUNA) and UST Prices, Others Share Evidence</i></b></a></p>
<p><span style="font-weight: 400;">Should there be notable improvements around the blockchain project which is not similar to the shunned </span><a href="https://timestabloid.com/do-kwon-agrees-to-suggestion-of-a-mutual-alliance-between-lunc-and-luna-details/" target="_blank" rel="noopener"><span style="font-weight: 400;">proposal</span></a><span style="font-weight: 400;"> to create a mutual alliance between Terra Classic (LUNC) and Terra (LUNA), massive adoption of LUNA could come from crypto investors. This and many other </span><a href="https://timestabloid.com/do-kwon-affirms-support-for-terra-classic-says-tfl-will-involve-lunc-in-upcoming-luna-collaborations/" target="_blank" rel="noopener"><span style="font-weight: 400;">positive outcomes</span></a><span style="font-weight: 400;"> could in turn trigger a considerable price rally for the community-led asset in the foreseeable future.</span></p>
<hr />
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<p>The post <a href="https://timestabloid.com/can-terra-luna-regains-100-in-2023-find-out-here/">Can Terra (LUNA) Regain $100 in 2023? Find Out Here</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
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		<title>Terra Classic Burn Sees Massive Progress: 3,080 Billion LUNC Tokens Burned So Far</title>
		<link>https://timestabloid.com/terra-classic-burn-sees-massive-progress-3080-billion-lunc-tokens-burned-so-far/</link>
		
		<dc:creator><![CDATA[Solomon Odunayo]]></dc:creator>
		<pubDate>Fri, 26 Aug 2022 02:39:27 +0000</pubDate>
				<category><![CDATA[Cryptocurrency]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[LUNC]]></category>
		<category><![CDATA[LUNC Burn]]></category>
		<category><![CDATA[Terra]]></category>
		<category><![CDATA[Terra (LUNA)]]></category>
		<category><![CDATA[Terra 2.0]]></category>
		<category><![CDATA[Terra Blockchain]]></category>
		<category><![CDATA[Terra Classic]]></category>
		<category><![CDATA[Terra Classic (LUNC)]]></category>
		<guid isPermaLink="false">https://timestabloid.com/?p=9184</guid>

					<description><![CDATA[<p>Terra Classic community has started showcasing their determination to burn tons of LUNC tokens, in order to massively reduce the circulating supply of the embattled digital asset. Since it’s generally known that the scarcity of an asset commonly boosts its chances of becoming more valuable, only a LUNC burn mechanism can help victims recover a [&#8230;]</p>
<p>The post <a href="https://timestabloid.com/terra-classic-burn-sees-massive-progress-3080-billion-lunc-tokens-burned-so-far/">Terra Classic Burn Sees Massive Progress: 3,080 Billion LUNC Tokens Burned So Far</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Terra Classic community has started showcasing their determination to burn tons of LUNC tokens, in order to massively reduce the circulating supply of the embattled digital asset. Since it’s generally known that the scarcity of an asset commonly boosts its chances of becoming more valuable, only a LUNC burn mechanism can help victims recover a portion of their losses.</p>
<h2><strong>3.08 Trillion LUNC Burned So Far</strong></h2>
<p>According to LUNC Burn, a channel that tracks all LUNC tokens sent to the inferno wallet (terra1sk06e3dyexuq4shw77y3dsv480xv42mq73anxu), a total of 3,080 billion LUNC tokens have been destroyed so far.</p>
<p><strong><em>Read Also: <a href="https://timestabloid.com/heres-how-this-new-dex-wants-to-burn-terra-classic-lunc-after-do-kwon-failed-to-listen-to-users/" target="_blank" rel="noopener">Here’s How This New DEX Wants to Burn Terra Classic (LUNC) After Do Kwon Failed to Listen to Users</a></em></strong></p>
<p>LUNC Burn reported, <em>“Total burned LUNC stands at 3,080 billion. The volume traded in the last 24hrs is $157m, 1.2% of that is $1.88m at these prices and volume we would have burned 14.6b LUNC.”</em></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;" /> total burned <a href="https://twitter.com/search?q=%24Lunc&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Lunc</a> stands at 3,080 billion<img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;" /> </p>
<p><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;" /> The volume traded in the last 24hrs is $157m, 1.2% of that is $1.88m at these prices and volume we would have burned 14.6b <a href="https://twitter.com/search?q=%24lunc&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$lunc</a> <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;" /><a href="https://twitter.com/hashtag/LUNC?src=hash&amp;ref_src=twsrc%5Etfw">#LUNC</a> <a href="https://twitter.com/hashtag/luncburn?src=hash&amp;ref_src=twsrc%5Etfw">#luncburn</a> <a href="https://twitter.com/hashtag/LUNACLASSIC?src=hash&amp;ref_src=twsrc%5Etfw">#LUNACLASSIC</a></p>
<p>&mdash; LUNC Burn (@LunaBurn_13) <a href="https://twitter.com/LunaBurn_13/status/1562885463891152896?ref_src=twsrc%5Etfw">August 25, 2022</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2><strong>What Does 1.2% Tax/Burn Represent In LUNC Burn Initiative?</strong></h2>
<p>After the collapse of the Terra ecosystem, which led to the crash of Terra (LUNA), a new chain was created, and the old chain token was renamed Terra Classic (LUNC).</p>
<p>Prior to the emergence of the new Terra blockchain dubbed Terra 2.0, a large number of community members clamored for a massive burn of LUNA tokens. Even the CEO of Binance exchange, Changpeng Zhao (CZ), advised Do Kwon and his team to opt for LUNA massive burn. CZ believed that the creation of a new chain will not help the price, but <a href="https://timestabloid.com/do-kwons-proposal-to-rebirth-terra-blockchain-gains-approval-heres-when-luna-2-0-tokens-will-be-airdropped/" target="_blank" rel="noopener">Do Kwon’s mind was already made up</a>.</p>
<p>The launch of Terra 2.0 produced a new token codenamed LUNA 2.0. Some members of the community <a href="https://timestabloid.com/terra-blockchain-rebirthed-successfully-with-luna-2-0-airdrop/" target="_blank" rel="noopener">were airdropped</a>, while a ton of others chose to hold their LUNC, believing that Terra Classic still can be revived through a <a href="https://timestabloid.com/new-terra-classic-lunc-proposal-to-burn-35-of-transaction-fees-gains-93-support/" target="_blank" rel="noopener">token burn mechanism</a>.</p>
<p>A few days after the new token was launched, the determination of those who believed in LUNC gave birth to a new burn proposal that suggested a frank LUNC burning mechanism.</p>
<p><strong><em>Read Also: <a href="https://timestabloid.com/heres-why-fatman-thinks-terra-classic-cant-hit-0-01-despite-lunc-burn-plans/" target="_blank" rel="noopener">Here’s why FatMan Thinks Terra Classic cannot hit $0.01 Despite LUNC Burn Plans</a></em></strong></p>
<p>According to the <a href="https://timestabloid.com/proposal-for-the-massive-burn-of-terra-classic-lunc-to-boost-price-receives-83-support-details/" target="_blank" rel="noopener">content of the proposal</a>, a 1.2% tax/burn will be implemented on all LUNC transactions (buys and sells). This implies that 1.2% of tokens bought or sold will be burned, which will drastically and continuously reduce the LUNC supply. This is also expected to ignite a significant increase in demand.</p>
<p>In the proposal, it’s also stated that the burning mechanism will be stopped once the LUNC Supply reaches 10 billion tokens. It’s believed that at this level, LUNC will be scarce enough to fight for recovery.</p>
<p>Although the digital asset is still very far from where it was trading before the historic crash, a massive and continuous burn could greatly help in recovering a portion of its losses.</p>
<hr />
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<p>The post <a href="https://timestabloid.com/terra-classic-burn-sees-massive-progress-3080-billion-lunc-tokens-burned-so-far/">Terra Classic Burn Sees Massive Progress: 3,080 Billion LUNC Tokens Burned So Far</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
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		<title>Terra (LUNA) Blockchain About To Welcome Three Major Updates: Details</title>
		<link>https://timestabloid.com/3-new-updates-set-to-be-onboarded-on-new-terra-luna-blockchain/</link>
		
		<dc:creator><![CDATA[Ndianabasi Tom]]></dc:creator>
		<pubDate>Thu, 28 Jul 2022 10:36:42 +0000</pubDate>
				<category><![CDATA[Blockchain]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[LUNA]]></category>
		<category><![CDATA[Terra]]></category>
		<category><![CDATA[Terra 2.0]]></category>
		<category><![CDATA[Terra Blockchain]]></category>
		<guid isPermaLink="false">https://timestabloid.com/?p=7984</guid>

					<description><![CDATA[<p>Terra blockchain will undergo an upgrade on July 29th to onboard three new updates. Hence, the Terra chain will be halted temporarily at block 890000 on the said date to execute the upgrade with Terra validators. Props 894 Supported by Terra Community  On July 20, a proposal to upgrade the Terra blockchain and add three [&#8230;]</p>
<p>The post <a href="https://timestabloid.com/3-new-updates-set-to-be-onboarded-on-new-terra-luna-blockchain/">Terra (LUNA) Blockchain About To Welcome Three Major Updates: Details</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Terra blockchain will undergo an upgrade on July 29th to onboard three new updates. Hence, the Terra chain will be halted temporarily at block 890000 on the said date to execute the upgrade with Terra validators.</p>
<h1><b>Props 894 Supported by Terra Community</b><span style="font-weight: 400;"> </span></h1>
<p><span style="font-weight: 400;">On July 20, a proposal to upgrade the Terra blockchain and add three new updates went live for voting on Terra Station. This proposal named Prop 894 </span><span style="font-weight: 400;">successfully passed</span><span style="font-weight: 400;"> on July 27, after it gained maximum support from the Terra community. </span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">1/ Prop 894 to upgrade the Terra chain and add three new updates has successfully passed! As a result, the Terra blockchain will halt temporarily at block 890000, which is approximately 12:00 am UTC on July 29th, to execute the upgrade with Terra validators. <a href="https://t.co/TPnrWMlQXX">https://t.co/TPnrWMlQXX</a></p>
<p>&mdash; Terra  Powered by LUNA <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f315.png" alt="🌕" class="wp-smiley" style="height: 1em; max-height: 1em;" /> (@terra_money) <a href="https://twitter.com/terra_money/status/1552298302527442944?ref_src=twsrc%5Etfw">July 27, 2022</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Prop 894 is a proposal type that requires the Terra blockchain to be halted at a specific block height for nodes to update their software. Therefore, the Terra chain will be shortly halted at block 890000 for the three new updates to be added to the chain.</p>
<p><span style="font-weight: 400;">As revealed in the </span><a href="https://agora.terra.money/discussion/6306-chain-upgrade-proposal" target="_blank" rel="noopener"><span style="font-weight: 400;">proposal</span></a><span style="font-weight: 400;">, this block height will be reached at approximately 12:00 am UTC on July 29, 2022. To enable a smooth chain upgrade, the Software Upgrade Governance function will be employed. </span></p>
<p><span style="font-weight: 400;">The first update on the proposal will enable the creation of vesting accounts via transactions. Initially, vesting accounts could only be created during Genesis. </span></p>
<p><span style="font-weight: 400;">Outstandingly, this condition hindered the execution of the planned LUNA airdrop. Interestingly, with this update tagged &#8216;Enable vesting account creation via transaction&#8217; in play, the LUNA airdrop would be executed. </span></p>
<p><span style="font-weight: 400;">The second update aims to correct a discrepancy that occurred during Genesis of the Terra blockchain. From the proposal, &#8220;</span><i><span style="font-weight: 400;">an exchange with the wallet address terra1chq5ps8yya004gsw4xz62pd4psr5hafe7kdt6d was incorrectly whitelisted during Genesis.&#8221;</span></i></p>
<p><span style="font-weight: 400;">Therefore, the update aims to adjust the vesting period for the Pre-Attack LUNC allocation for this wallet address. </span><i><span style="font-weight: 400;">&#8220;1.137M LUNA will be unlocked with this update, and the vesting schedule for the remaining LUNA will be adjusted to a 6-month cliff, 2-year vesting,&#8221;</span></i><span style="font-weight: 400;"> Prop 894 showed. </span></p>
<p><span style="font-weight: 400;">The last update on the list is geared toward enabling any user to send their vesting LUNA tokens to the Community Pool via transaction.</span></p>
<p><b><i>Read Also: </i></b><a href="https://timestabloid.com/terra-luna-tops-most-searched-crypto-chart-as-investors-hope-for-further-price-surge/" target="_blank" rel="noopener"><b><i>Terra (LUNA) Tops Most Searched Crypto Chart as Investors Hope for Further Price Surge</i></b></a></p>
<h2><b>Developments on New Terra Blockchain Increases</b></h2>
<p><span style="font-weight: 400;">Following the historic </span><a href="https://timestabloid.com/chainalysis-pinpoints-large-trades-that-triggered-terrausd-ust-and-terra-luna-collapse-details/" target="_blank" rel="noopener"><span style="font-weight: 400;">collapse of the old Terra ecosystem tokens UST and LUNC</span></a><span style="font-weight: 400;">, a new Terra blockchain was born. This Terra 2.0 has a native token with the ticker LUNA and is void of the algorithmic stablecoin, UST. </span></p>
<p><span style="font-weight: 400;">Several developments have since been recorded on the new chain. On Monday, LUNA was the top searched token, according to Coinmarketcap. This could mean that some investors still have faith in Terra (LUNA), the embattled cryptocurrency project.</span></p>
<hr />
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<p>The post <a href="https://timestabloid.com/3-new-updates-set-to-be-onboarded-on-new-terra-luna-blockchain/">Terra (LUNA) Blockchain About To Welcome Three Major Updates: Details</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
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		<title>Do Kwon Says He&#8217;s Greatly Confident in Building Back a Stronger Terra Blockchain</title>
		<link>https://timestabloid.com/do-kwon-says-he-has-great-confidence-in-building-back-an-even-stronger-project/</link>
		
		<dc:creator><![CDATA[Ndianabasi Tom]]></dc:creator>
		<pubDate>Wed, 22 Jun 2022 22:18:35 +0000</pubDate>
				<category><![CDATA[Cryptocurrency]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Do Kwon]]></category>
		<category><![CDATA[LUNA]]></category>
		<category><![CDATA[LUNC]]></category>
		<category><![CDATA[Terra 2.0]]></category>
		<category><![CDATA[Terra Classic]]></category>
		<category><![CDATA[Terraform Labs]]></category>
		<guid isPermaLink="false">https://timestabloid.com/?p=6841</guid>

					<description><![CDATA[<p>Do Kwon, the Co-founder of TerraForm Labs (TFL) has repeatedly been on several crypto news for the wrong reasons, in the past couple of weeks. Following the collapse of Terra LUNA (now LUNC), which appeared to be beyond restoration, Do Kwon rolled out a supposed revival plan, named Terra 2.0. Sadly, Terra 2.0 turned out [&#8230;]</p>
<p>The post <a href="https://timestabloid.com/do-kwon-says-he-has-great-confidence-in-building-back-an-even-stronger-project/">Do Kwon Says He&#8217;s Greatly Confident in Building Back a Stronger Terra Blockchain</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><em>Do Kwon, the Co-founder of TerraForm Labs (TFL) has repeatedly been on several crypto news for the wrong reasons, in the past couple of weeks. Following the collapse of Terra LUNA (now LUNC), which appeared to be beyond restoration, Do Kwon rolled out a supposed revival plan, named Terra 2.0. </em></p>
<p><em>Sadly, Terra 2.0 turned out somewhat dead on arrival, as it has not helped wrecked investors recover their massive losses. Regardless, he has recently expressed confidence in rebuilding a better and stronger Terra blockchain. </em></p>
<h2><span style="font-weight: 400;">Terra Blockchain Comeback: Terra 2.0</span></h2>
<p><span style="font-weight: 400;">May 2022 was indeed a terrible month for the Terra ecosystem, as both of the blockchain&#8217;s native digital assets UST and LUNA </span><i><span style="font-weight: 400;">(now renamed LUNC)</span></i><span style="font-weight: 400;"> sagged. On the whole, the Do Kwon crypto empire suffered a $40 billion </span><a href="https://timestabloid.com/chainalysis-pinpoints-large-trades-that-triggered-terrausd-ust-and-terra-luna-collapse-details/" target="_blank" rel="noopener"><span style="font-weight: 400;">crash</span></a><span style="font-weight: 400;">.</span></p>
<p><strong><em>We Are On Twitter:</em> <a href="https://twitter.com/TimesTabloid1">Follow Us</a></strong></p>
<p>In consequence, investors and holders of these assets were left to wallow in losses following the unfortunate <a href="https://timestabloid.com/terra-whistleblower-pinpoints-major-hole-in-new-report-that-accuses-do-kwons-tfl-of-depegging-ust/" target="_blank" rel="noopener">depegging of the supposed stablecoin, TerraUSD (UST).</a></p>
<p>After being slammed by affected angry investors coupled with several government investigations as well as lawsuits, the South Korean entrepreneur proposed a comeback naming it Terra 2.0.</p>
<p>Following the success of the proposal, a new Terra blockchain (Terra 2.0) was launched, devoid of the controversial stablecoin TerraUSD (UST). The associated token of this Terra 2.0  now has the ticker LUNA.</p>
<p>Meanwhile, the old Terra blockchain is now renamed Terra Classic, while the native token is labeled LUNC.</p>
<p>More so, a corresponding airdrop accompanied Terra 2.0 launch. Based on the different snapshots taken and other parameters checked, LUNC holders were airdropped partly while anticipating future issuances as stated in the airdrop distribution plan.</p>
<p>Unfortunately, Terra 2.0 LUNA token saw a huge price decline moments after its launch. Therefore, affected Terra 1.0  investors still could not recover their losses.</p>
<p><strong>Related</strong>: <a href="https://timestabloid.com/experts-interviewed-by-bloomberg-say-terra-luna-2-0-has-no-future-heres-their-argument/" target="_blank" rel="noopener">Experts Interviewed by Bloomberg Say Terra (LUNA 2.0) Has No Future: Here Are Their Arguments</a></p>
<p>Meanwhile, Do Kwon, TerraForm Labs, and the LUNA Foundation Guard are facing several investigations and judicial cases from the Korean government and other litigation firms. While some have labeled the crypto entrepreneur a &#8216;fraudster&#8217;, Do Kwon noted that there is a difference between falling and running a fraudulent project.</p>
<p>Recently, a <a href="https://timestabloid.com/terra-key-officials-face-travel-ban-in-korea/" target="_blank" rel="noopener">travel ban</a> has been placed on key designers of TerraForm Labs. Similarly, Scott+Scott Attorneys at Law LLP filed a class action against Do Kwon, TFL&#8217;s Head of Research, Jump Crypto, <a href="https://timestabloid.com/559-6-million-used-by-three-arrows-capital-3ac-to-acquire-locked-luna-now-worth-670/" target="_blank" rel="noopener">Three Arrows Capital</a>, and many other crypto firms.</p>
<p><i><strong>Read More</strong>: </i><a href="https://timestabloid.com/scottscott-attorneys-files-class-action-lawsuit-against-do-kwon-terraform-labs-jump-crypto-three-arrows-capital-and-other-insiders/" target="_blank" rel="noopener"><i>Scott+Scott Attorneys Files Class Action Lawsuit Against Do Kwon, Terraform Labs, Jump Crypto, Three Arrows Capital, and other Insiders</i></a><i> </i></p>
<h2><strong>Do Kwon Stays Optimistic</strong></h2>
<p><span style="font-weight: 400;">Regardless of the ongoing challenges and woes faced by the CEO, he remains confident in his team&#8217;s ability to develop more solid and better projects. According to people familiar with the matter, developers are working to relaunch applications on Terra 2.0. </span></p>
<p>In a Wednesday <a href="https://www.wsj.com/articles/do-kwons-crypto-empire-fell-in-a-40-billion-crash-hes-got-a-new-coin-for-you-11655914487" target="_blank" rel="noopener">interview</a> with The Wall Street Journal (WSJ), Do Kwon, CEO of TFL said, “<i>I have great confidence in our ability to build back even stronger than we once were.”</i> He added that <i>&#8220;Many builders are in the process of relaunching their apps on the new chain.&#8221;</i></p>
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<p>The post <a href="https://timestabloid.com/do-kwon-says-he-has-great-confidence-in-building-back-an-even-stronger-project/">Do Kwon Says He&#8217;s Greatly Confident in Building Back a Stronger Terra Blockchain</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
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		<title>Caught: &#8220;Mystery&#8221; Wallet with 20 Million LUNA Airdrop That Was Voting on Do’s Own Proposal Belongs to Do Kwon</title>
		<link>https://timestabloid.com/caught-mystery-wallet-with-20-million-airdrop-that-was-voting-on-dos-own-proposal-belongs-to-do-kwon/</link>
		
		<dc:creator><![CDATA[Solomon Odunayo]]></dc:creator>
		<pubDate>Mon, 13 Jun 2022 07:42:18 +0000</pubDate>
				<category><![CDATA[Cryptocurrency]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Do Kwon]]></category>
		<category><![CDATA[LUNA 2.0]]></category>
		<category><![CDATA[Terra]]></category>
		<category><![CDATA[Terra (LUNA)]]></category>
		<category><![CDATA[Terra 2.0]]></category>
		<category><![CDATA[Terraform Labs]]></category>
		<guid isPermaLink="false">https://timestabloid.com/?p=6562</guid>

					<description><![CDATA[<p>Despite the fact that Do Kwon, the founder and CEO of Terraform Labs, came out on the 11th of June to disclaim the rumors making the rounds in the media about his corrupt dealings, more proofs continue to emerge to assert that he has indeed been corrupt. There were lots of unconfirmed reports on the [&#8230;]</p>
<p>The post <a href="https://timestabloid.com/caught-mystery-wallet-with-20-million-airdrop-that-was-voting-on-dos-own-proposal-belongs-to-do-kwon/">Caught: &#8220;Mystery&#8221; Wallet with 20 Million LUNA Airdrop That Was Voting on Do’s Own Proposal Belongs to Do Kwon</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Despite the fact that Do Kwon, the founder and CEO of Terraform Labs, came out on the 11th of June to disclaim the rumors making the rounds in the media about his corrupt dealings, more proofs continue to emerge to assert that he has indeed been corrupt.</p>
<p>There were lots of unconfirmed reports on the 11th of June that claimed that Do Kwon participated in draining liquidity out of the collapsed Terra (LUNA) and TerraUSD (UST) before the historic crash to purchase US dollar-pegged stablecoin such as Tether (USDT).</p>
<p><strong><em>Read Also: <a href="https://timestabloid.com/exposed-do-kwon-and-terraform-labs-hold-42-million-luna-in-secret-wallets-despite-claims-of-holding-none/">Exposed: Do Kwon and Terraform Labs Hold 42 Million LUNA in Secret Wallets despite Claims of Holding None</a></em></strong></p>
<p>The reports also alleged that Do Kwon was cashing out $80 million on a monthly basis to accrue $2.7 billion altogether. But he has <a href="https://timestabloid.com/do-kwon-denies-cashing-out-2-7-billion-worth-of-luna-and-ust-before-the-crash-shares-his-side-of-the-story/">refuted all these allegations</a>.</p>
<h2><strong>“Mystery” Wallet That Was Voting On His Proposal Belongs To Do Kwon</strong></h2>
<p>A tweet shared by FatMan, a member of the Terra research forum and the Whistleblower of the Terra community, has confirmed that the “mystery” wallet that was used to submit one of his proposals belongs to Do Kwon.</p>
<p>According to FatMan, the secret wallet holds a total of 20 million LUNA sent to it by TFL about two years ago and voted in his proposal, delegating to North Star, and lots more.</p>
<p><strong><em>Read Also: <a href="https://timestabloid.com/do-kwon-resurfaces-to-correct-misinformation-and-falsehood-making-the-rounds-about-terra/" target="_blank" rel="noopener">Do Kwon Resurfaces to Correct Misinformation and Falsehood Making the Rounds about Terra</a></em></strong></p>
<p>FatMan tweeted, <em>“Caught. The &#8216;mystery&#8217; wallet with a 20M LUNA airdrop that was voting on Do&#8217;s own proposal, delegating to North Star, insider trading ASTRO, etc. &#8211; it is officially confirmed that it belongs to Do Kwon himself.”</em></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">Caught. The &#39;mystery&#39; wallet with a 20M LUNA airdrop that was voting on Do&#39;s own proposal, delegating to North Star, insider trading ASTRO, etc. &#8211; it is officially confirmed that it belongs to Do Kwon himself. (1/3) <a href="https://t.co/QqfBnk6Oxe">pic.twitter.com/QqfBnk6Oxe</a></p>
<p>&mdash; FatMan (@FatManTerra) <a href="https://twitter.com/FatManTerra/status/1535870794319945728?ref_src=twsrc%5Etfw">June 12, 2022</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>In the same thread of tweets, FatMan revealed that the same “mystery” wallet was used by Kwon to submit a proposal in August 2021, titled, “Columbus-5 Mainnet Upgrade Proposal and Recommendations.”</p>
<p><em>“Col-5 Agora proposal submitted by Do: <a href="https://classic-agora.terra.money/t/columbus-5-mainnet-upgrade-proposal-and-recommendations/1840" target="_blank" rel="noopener">classic-agora.terra.money</a> Corresponding on-chain proposal authored by Do Kwon (submitted from the <a href="https://finder.terra.money/classic/tx/1D1B0F534EDD8B1F8F75FF005DE02C63226AC635F782E6E44FA1148125D375BE" target="_blank" rel="noopener">mystery wallet</a>): This is Do Kwon&#8217;s verified alternate wallet. Credits to @FitManTerra for the spot.”</em></p>
<p>The whistleblower added that <em>“They told you TFL doesn&#8217;t vote. They told you TFL didn&#8217;t get the drop. But you&#8217;ll notice that every tiny thing they do is to extract more money out of the &#8216;community&#8217; through wordplay and manipulation. He doesn&#8217;t care about you. You are an instrument to him and always were.”</em></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">They told you TFL doesn&#39;t vote. They told you TFL didn&#39;t get the drop. But you&#39;ll notice that every tiny thing they do is to extract more money out of the &#39;community&#39; through wordplay and manipulation. He doesn&#39;t care about you. You are an instrument to him and always were. (3/3)</p>
<p>&mdash; FatMan (@FatManTerra) <a href="https://twitter.com/FatManTerra/status/1535870797880991745?ref_src=twsrc%5Etfw">June 12, 2022</a></p></blockquote>
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<p>The post <a href="https://timestabloid.com/caught-mystery-wallet-with-20-million-airdrop-that-was-voting-on-dos-own-proposal-belongs-to-do-kwon/">Caught: &#8220;Mystery&#8221; Wallet with 20 Million LUNA Airdrop That Was Voting on Do’s Own Proposal Belongs to Do Kwon</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
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		<title>Experts Interviewed by Bloomberg Say Terra (LUNA 2.0) Has No Future: Here Are Their Arguments</title>
		<link>https://timestabloid.com/experts-interviewed-by-bloomberg-say-terra-luna-2-0-has-no-future-heres-their-argument/</link>
		
		<dc:creator><![CDATA[Tobi Loba]]></dc:creator>
		<pubDate>Sat, 11 Jun 2022 08:00:53 +0000</pubDate>
				<category><![CDATA[Cryptocurrency]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Bloomberg]]></category>
		<category><![CDATA[Do Kwon]]></category>
		<category><![CDATA[LUNA]]></category>
		<category><![CDATA[LUNA 2.0]]></category>
		<category><![CDATA[Terra]]></category>
		<category><![CDATA[Terra (LUNA)]]></category>
		<category><![CDATA[Terra 2.0]]></category>
		<category><![CDATA[Terra Blockchain]]></category>
		<guid isPermaLink="false">https://timestabloid.com/?p=6528</guid>

					<description><![CDATA[<p>Terra Classic blockchain has collapsed, initiating the reason for creating an entirely new chain known as Terra 2.0, which brought the token named LUNA 2.0 into existence. LUNA 2.0 was launched, it began trading on ByBit at around $30, but crashed by about 80% a few hours later. At the time of writing, Terra (LUNA [&#8230;]</p>
<p>The post <a href="https://timestabloid.com/experts-interviewed-by-bloomberg-say-terra-luna-2-0-has-no-future-heres-their-argument/">Experts Interviewed by Bloomberg Say Terra (LUNA 2.0) Has No Future: Here Are Their Arguments</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Terra Classic blockchain has collapsed, initiating the reason for creating an entirely new chain known as Terra 2.0, which brought the token named LUNA 2.0 into existence.</p>
<p>LUNA 2.0 was launched, it <a href="https://timestabloid.com/terra-luna-2-0-opens-around-30-on-bybit-then-crashes-80-making-binance-to-take-caution/" target="_blank" rel="noopener">began trading on ByBit at around $30</a>, but crashed by about 80% a few hours later. At the time of writing, Terra (LUNA 2.0) is trading at $2.88, according to CoinMarketCap.</p>
<p><strong><em>Read Also: <a href="https://timestabloid.com/terra-team-explains-why-terra-2-0-is-not-a-fork-but-entirely-new-chain/" target="_blank" rel="noopener">Terra Team Explains Why Terra 2.0 Is Not a Fork but Entirely New Chain</a></em></strong></p>
<p>It can be recalled that Do Kwon was warned by several crypto experts, such as <a href="https://timestabloid.com/cz-binance-shows-support-for-terra-points-out-potential-issues-with-forking-terra-blockchain/" target="_blank" rel="noopener">Binance CEO Changpeng Zhao (CZ)</a>, that creating a new chain is never an option in getting the collapsed ecosystem back on track, but a massive burn of Terra Classic (LUNC) should rather be initiated.</p>
<p>Also, a number of Terra community members called for the burning of LUNC, but Kwon and his team of validators remained determined on creating Terra 2.0.</p>
<h2><strong>Experts Say LUNA 2.0 Has No Future</strong></h2>
<p>Bloomberg <a href="https://www.bnnbloomberg.ca/no-future-analysts-weigh-in-on-new-luna-token-s-prospects-1.1777042" target="_blank" rel="noopener">taped</a> the opinions of four experts, who discussed the collapse of the Terra blockchain and the creation of Terra 2.0, concluding that the new chain and its native token, LUNA 2.0, have no future.</p>
<p>According to Mati Greenspan, the founder of Quantum Economics, LUNA 2.0 was never meant to grow. He said it was only created to make large investors who were heavily affected by the crash of UST and LUNA to recover a fraction of their losses. He said no factor is capable of aiding the growth of the new digital currency.</p>
<p>Mati Greenspan noted:</p>
<p><em>“Luna 2 was never meant to survive, it was simply a mechanism for some who were heavily invested to recoup some of their losses at the expense of new money coming in from the hype. I don’t see any reason for the price to go up ever.” </em></p>
<p>Another analyst at Messari, Kunal Goel, who spoke with Bloomberg said that it will be hard for LUNA 2.0 to survive because it was created during the bear market. He said the old LUNA derived its growth from TerraUSD (UST), but the new one does not have such support. Also, the legal issue is a bad signal:</p>
<p><em>“Terra 2.0 suffers from multiple problems. It has gone live in an unfavorable macro and crypto environment. Without an algorithmic stablecoin, it has no clear point of differentiation from other smart contract platforms. Finally, the regulatory overhang is a key concern in investors’ minds.”</em></p>
<p><strong><em>Read Also: <a href="https://timestabloid.com/im-disappointed-in-terra-team-says-cz-as-he-explains-why-binance-delists-luna-and-ust/" target="_blank" rel="noopener">I’m Disappointed in Terra Team, Says CZ, As He Explains Why Binance Delists LUNA and UST</a></em></strong></p>
<p>An analyst at Kaiko, Riyad Carey, is of the opinion that it will be difficult for LUNA 2.0 to gain footing in the market dominated by Ethereum, Solana, and Avalanche. He also said the lack of a burning mechanism is a negative factor for the growth of LUNA 2.0.</p>
<p><em>“Luna 2 will have a difficult time distinguishing itself in a crowded L1 ecosystem with large players like Avalanche and Solana and of course Ethereum. While the original Terra had a fairly robust ecosystem, much of that activity was centered around UST and aUST (UST earning yield in Anchor).</em></p>
<p><em>“Additionally, some of the price action was based around the burning of LUNA to create UST. So now Luna 2 doesn’t have this mechanism, will be facing inflation in the form of vesting/unlocks, and obviously has the baggage of being tied to the largest ever crypto collapse. So it will definitely be a tough path forward.”</em></p>
<p>Lastly, the founder and CEO of KoinBasket, Khaleelulla Baig stated that Terraform Labs and Do Kwon have lost credibility in the crypto industry, which is currently having a negative impact on the new token they created.</p>
<p><em>“Everyone wants to exit the new Luna as the founder Do Kwon has lost credibility among the community. Luna has no future. The founder didn’t build firewalls around the algo even when they had an opportunity to do so.</em></p>
<p><em>That’s why they have lost credibility. Building the new Luna within the existing community will not make any sense now. Smart money will move to fundamental coins from such risky coins.”</em></p>
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<p>The post <a href="https://timestabloid.com/experts-interviewed-by-bloomberg-say-terra-luna-2-0-has-no-future-heres-their-argument/">Experts Interviewed by Bloomberg Say Terra (LUNA 2.0) Has No Future: Here Are Their Arguments</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
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		<title>Do Kwon Resurfaces to Correct Misinformation and Falsehood Making the Rounds about Terra</title>
		<link>https://timestabloid.com/do-kwon-resurfaces-to-correct-misinformation-and-falsehood-making-the-rounds-about-terra/</link>
		
		<dc:creator><![CDATA[Solomon Odunayo]]></dc:creator>
		<pubDate>Thu, 09 Jun 2022 18:13:17 +0000</pubDate>
				<category><![CDATA[Cryptocurrency]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Do Kwon]]></category>
		<category><![CDATA[Terra]]></category>
		<category><![CDATA[Terra 2.0]]></category>
		<category><![CDATA[Terra Blockchain]]></category>
		<category><![CDATA[Terraform Labs]]></category>
		<guid isPermaLink="false">https://timestabloid.com/?p=6477</guid>

					<description><![CDATA[<p>Do Kwon, the founder and CEO of Terraform Labs, has recently taken to Twitter to correct all misinformation making the rounds since the devastating collapse of the Terra ecosystem became apparent. In a series of tweets today, Kwon stated that the team has been busy working to make the new blockchain (Terra 2.0) conducive for [&#8230;]</p>
<p>The post <a href="https://timestabloid.com/do-kwon-resurfaces-to-correct-misinformation-and-falsehood-making-the-rounds-about-terra/">Do Kwon Resurfaces to Correct Misinformation and Falsehood Making the Rounds about Terra</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Do Kwon, the founder and CEO of Terraform Labs, has recently taken to Twitter to correct all misinformation making the rounds since the devastating collapse of the Terra ecosystem became apparent.</p>
<p>In a series of tweets today, Kwon stated that the team has been busy working to make the new blockchain (Terra 2.0) conducive for everyone, especially the developers.</p>
<p><strong><em>Read Also: <a href="https://timestabloid.com/heres-how-this-new-dex-wants-to-burn-terra-classic-lunc-after-do-kwon-failed-to-listen-to-users/">Here’s How This New DEX Wants to Burn Terra Classic (LUNC) After Do Kwon Failed to Listen to Users</a></em></strong></p>
<p>He also spoke about misinformation and falsehood that are currently making the rounds across the media, stating that they are working to correct every misinformation.</p>
<p>He further stated that Terraform Labs “consciously bowed out of airdrop allocations” to prove that Terra 2.0 blockchain is community-driven.</p>
<p>Do Kwon <a href="https://twitter.com/stablekwon/status/1534910669463506945" target="_blank" rel="noopener">noted</a>:</p>
<p><em>“While most of our efforts had been spent on Terra 2.0 and making sure ecosystem developers can find a home after the depeg incident, we will soon be more proactive in communicating with the press &amp; getting the right information out there.</em></p>
<p><em>“There&#8217;s a lot of misinformation and falsehood out there, and we promise to do our part in making sure as much of it is correct as possible. A few tips to help us engage:</em></p>
<p><em>“First, TFL&#8217;s official media inquiry channel is comms at terra.money &#8211; many people have been messaging us in various languages, but if it is not in English we just wouldn&#8217;t have the linguistics capability to respond.</em></p>
<p><strong><em>Read Also: <a href="https://timestabloid.com/terraform-labs-employee-do-kwon-launched-terra-luna-despite-warnings-of-possible-collapse/">Terraform Labs Employee: Do Kwon Launched Terra (LUNA) Despite Warnings of Possible Collapse</a></em></strong></p>
<p><em>“Second, there have been many hearsay reports about &#8220;core developers&#8221; offering expert interviews about Terra&#8217;s mechanisms. Open source development is transparent, and I would urge media to check if a single line of code by your &#8220;experts&#8221; has ever made it into production for Terra Core, Anchor, or any other essential services and if they&#8217;ve not made any contributions during their internship, would double and triple check the validity of their expert opinion.</em></p>
<p><em>“Lastly, while TFL intends to continue supporting and building on the Terra 2.0 network, it is not by any means a &#8220;TFL-led&#8221; chain &#8211; we consciously bowed out of airdrop allocations and all the decisions are being made by various community groups, albeit in a rocky fashion.</em></p>
<p><em>“I remain excited by the continued passion and ingenuity of Terra&#8217;s builders as the community navigates this difficult time &#8211; let&#8217;s leave them alone to build.”</em></p>
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<p>The post <a href="https://timestabloid.com/do-kwon-resurfaces-to-correct-misinformation-and-falsehood-making-the-rounds-about-terra/">Do Kwon Resurfaces to Correct Misinformation and Falsehood Making the Rounds about Terra</a> appeared first on <a href="https://timestabloid.com">Times Tabloid</a>.</p>
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