{"id":117110,"date":"2023-07-03T07:56:36","date_gmt":"2023-07-03T07:56:36","guid":{"rendered":"https:\/\/dripp.zone\/news\/terra-luna-classic-community-pool-balance-drops-to-critical-level-crypto-news\/"},"modified":"2023-07-03T07:56:37","modified_gmt":"2023-07-03T07:56:37","slug":"terra-luna-classic-community-pool-balance-drops-to-critical-level-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/terra-luna-classic-community-pool-balance-drops-to-critical-level-crypto-news\/","title":{"rendered":"Terra Luna Classic Community Pool Balance Drops To Critical Level\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>LUNC News:<\/strong> Terra Luna Classic community pool balance has dropped to a critical level as the community passed three community pool spending proposals.  With the funds dropping from 2.37 billion LUNC to just 416 million LUNC, the community doesn&#8217;t have enough funds to pay for any more development and maintenance of the chain.<\/p>\n<h2>Terra Luna Classic Passes L1TF, Quant Team, and Terra Rebel Proposals<\/h2>\n<p>The Terra Luna Classic community passed three proposals \u2014 form a Quant team for USTC repeg, Joint L1 Task Force Q3 proposal, and continue operating Terra Rebels infrastructure and apps.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Core developer Joint L1 Task Force Q3 received <strong>1.264 billion LUN<\/strong>Quant USTC Repeg Team gets <strong>222.222 million LUNC<\/strong>and Terra Rebels received <strong>484.367 million LUNC<\/strong>,  Now, the community pool balance has only 416.33 million LUNC and 4.49 million USTC.<\/p>\n<p>Meanwhile, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/lunc-news-terra-luna-classic-community-supports-ustc-repeg-and-quant-team-proposal\/\">Quant team<\/a> to work on modeling and simulation for the USTC incremental repeg buybacks and staking swaps.  Evaluating and assessing the Market Module and working on other tools.  The L1TF and professor Edward Kim will assist the Quant team in the USTC repeg.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Terra Rebels <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/station.terra.money\/proposal\/columbus-5\/11601\">needs<\/a> funds to continue operating and maintaining Rebel Station and other apps, as well as testnet and Terra Classic infrastructure.<\/p>\n<figure id=\"attachment_153250\" aria-describedby=\"caption-attachment-153250\" style=\"width: 738px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-153250\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/03125622\/screenshot-terraclassic.stakebin.io-2023.07.03-12_53_22.png\" alt=\"Terra Classic Community Pool\" width=\"738\" height=\"458\"\/><\/noscript><figcaption id=\"caption-attachment-153250\" class=\"wp-caption-text\">Terra Classic Community Pool Balance.  Source: StakeBin<\/figcaption><\/figure>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Several notable people in the community shared concerns regarding the passing of unnecessary community spend proposals.  Also, the community believes only the important proposal should proceed for voting after careful discussions.<\/p>\n<p>Also Read: <strong><a rel=\"nofollow noopener\" target=\"_blank\" title=\"Breaking: Binance Burns 2.65 Billion Terra Classic Tokens, LUNC Price Jumps\" href=\"https:\/\/coingape.com\/binance-burns-2-billion-terra-classic-lunc-tokens\/\">Binance Burns 2.65 Billion Terra Classic Tokens, LUNC Price Jumps<\/a><\/strong><\/p>\n<h2>LUNC Price Drops<\/h2>\n<p>Terra Luna Classic price jumped over 3% after news of Binance&#8217;s 2.65 billion LUNC burn on Saturday.  However, it fails to hold the gain and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/terra-classic-price-analysis-lunc-price-slide-25-if-loss-support\/\">fell to the support level<\/a>,<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/Terra-luna-classic\">LUNC price<\/a> trading sideways in the last 24 hours, with the price currently trading at $0.000087.  The 24-hour low and high are $0.0000850 and $0.0000877, respectively.  However, the trading volume has increased slightly in the last 24 hours.<\/p>\n<p><strong>Also Read: <\/strong><a rel=\"nofollow noopener\" target=\"_blank\" title=\"US House Chair Warns Gary Gensler After SEC Calls Spot Bitcoin ETF Filings \u201cInadequate\u201d\" href=\"https:\/\/coingape.com\/us-house-chair-warns-gary-gensler-after-sec-calls-spot-bitcoin-etf-filings-inadequate\/\">US House Chair Warns Gary Gensler After SEC Calls Spot Bitcoin ETF Filings \u201cInadequate\u201d<\/a><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<div class=\"quads-location quads-ad86313 \" id=\"quads-ad86313\" style=\"float:none;text-align:center;padding:0px 0 0px 0;\">\n<!--   --><\/p>\n<p><!-- \n\n<div class=\"ad-container-layout\">\n      \n\n<div class=\"ad-container\">\n        <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bit.ly\/3JbHb8M\">\n          <img decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%200%200'%3E%3C\/svg%3E\" alt=\"bitget-images\" class=\"ad-image\" style=\"\n    width: 95%;\n\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/06\/05005321\/bitget11-1.png\"><noscript><img decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/06\/05005321\/bitget11-1.png\" alt=\"bitget-images\" class=\"ad-image\" style=\"\n    width: 95%;\n\"><\/noscript>\n        <\/a>\n        \n\n<div class=\"ad-content\">\n          <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bit.ly\/3JbHb8M\">\n            <span class=\"ad-title\">Bitget is a Leading Derivatives Trading Platform. 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Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.  With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies.  He is currently covering all the latest updates and developments in the crypto industry.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD153245\">\n<p>    The content presented may include the personal opinion of the author and is subject to market conditions.  Do your market research before investing in cryptocurrencies.  The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/twitter-is-now-worth-just-33-of-elon-musks-purchase-price\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20640%20853'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/05\/31173623\/twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/05\/31173623\/twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Twitter is now worth just 33% of Elon Musk\u2019s purchase price <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/will-cramer-curse-strike-again\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20640%20853'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"will_cramer_curse_strike_again_720\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/05\/31165520\/will_cramer_curse_strike_again_720.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/05\/31165520\/will_cramer_curse_strike_again_720.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"will_cramer_curse_strike_again_720\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Will Cramer Curse Strike Again? 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With the funds dropping from 2.37 billion LUNC to just 416 million LUNC, the community doesn&#8217;t have enough funds to pay for any more development and maintenance of the chain. Terra Luna [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":98155,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-117110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/117110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=117110"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/117110\/revisions"}],"predecessor-version":[{"id":117111,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/117110\/revisions\/117111"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/98155"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=117110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=117110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=117110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}