Terra Classic (LUNC), the embattled crypto token of the Terra blockchain, is about to gain more exposure as it has landed on a popular decentralized crypto marketplace, SaitaPro. Although LUNC is yet to recover from its May crash, it has been performing significantly well in the last 7 days and 24 hours.
Per a Thursday announcement, Terra Classic (LUNC), which has been trading on multiple centralized exchanges like Binance and KuCoin, has now been listed on a decentralized exchange for the first time.
The SaitaPro DEX is powered by Saitama Technology, a web3 company that focuses on the building and development of less complex decentralized finance (DeFi) ecosystems. SaitaPro can be accessed via the web as well on Android and iOS.
SaitaPro decentralized ecosystem, which allows for the trading and staking of numerous digital assets, seeks to bring the populous LUNC and Saitama communities together. Through this listing, LUNC could gain more exposure and adoption from members of the Saitama community.
🔥HOT NEWS: we are happy to announce that $LUNC (LUNA CLASSIC) is now listed on #SaitaPro, it’s first ever DEX.
How about bringing together the #LUNAtics 🌕 and the #SaitamaWolfPack 🐺 to celebrate, @stablekwon?@terra_money #Saitama #LUNA pic.twitter.com/Cwvzj0oSiQ
— Saitama Official (@WeAreSaitama) September 8, 2022
Support for Terra Classic (LUNC) Grows
Some investors and top crypto exchanges are demonstrating interest and support for the Terra-related token, LUNC, following the recent developments around the project.
A proposal to activate a 1.2% Terra Classic tax burn on LUNC transactions is about to be rolled out in the Terra community. The proposal aims to burn a fraction of the LUNC token circulating supply to boost its value.
Top centralized exchanges are set to implement this 1.2% tax burn for LUNC. While Binance exchange is considering the enactment of this burn initiative for Terra Classic (LUNC), KuCoin exchange has announced support for the initiative. Per a Wednesday update, KuCoin noted that it will implement the 1.2% tax burn proposal of the Terra Classic (LUNC) community.
More so, Binance has introduced a new trading pair for the LUNC token. Starting September 9, 2022, users will be able to buy and sell Terra Classic (LUNC) with the largest stablecoin Tether (USDT).
Read More: Binance Launches LUNC Against USDT Trading Pair Amidst Terra Classic Price Explosion
LUNC Spikes Over 424% in 30 Days
It is worth noting that LUNC has been performing outstandingly in the last month. This price increase seems to be boosting investors’ interest in the token that crashed massively in May following the de-pegging of TerraUSD (UST).
Per data from Coinmarketcap, at the time of writing, Terra Classic (LUNC) has grown over 424% in the last 30 days. In the last 7 days, LUNC recorded a price increase of over 82% while appreciating more than 17% in the last 24 hours. Terra Classic (LUNC), is currently trading for $0.0005262 while its sister token, Terra (LUNA) is trading for $1.95, at press time.
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