Market Cap: $2.7258T 0.120%
Volume(24h): $73.4951B 63.980%
  • Market Cap: $2.7258T 0.120%
  • Volume(24h): $73.4951B 63.980%
  • Fear & Greed Index:
  • Market Cap: $2.7258T 0.120%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$83613.281522 USD

-0.31%

ethereum
ethereum

$1907.196020 USD

-0.12%

tether
tether

$0.999991 USD

-0.02%

xrp
xrp

$2.346667 USD

-0.01%

bnb
bnb

$638.706352 USD

6.12%

solana
solana

$128.851013 USD

-3.46%

usd-coin
usd-coin

$1.000040 USD

0.01%

dogecoin
dogecoin

$0.173959 USD

1.06%

cardano
cardano

$0.724425 USD

-0.57%

tron
tron

$0.214243 USD

-1.65%

pi
pi

$1.351541 USD

-9.35%

unus-sed-leo
unus-sed-leo

$9.827847 USD

0.06%

chainlink
chainlink

$13.795794 USD

-1.22%

toncoin
toncoin

$3.420442 USD

0.21%

stellar
stellar

$0.273472 USD

1.29%

Cryptocurrency News Articles

Terra Luna Classic (LUNC) Community Might Soon Consider Changes to Its Current Staking Model

Mar 14, 2025 at 06:33 am

The Terra Luna Classic (LUNC) community might soon start considering changes to its current staking model. As implied by the popular LUNC advocate, the Crypto News Portal on X, the current staking model might be limiting adoption.

The Terra Luna Classic (LUNC) community might soon start considering changes to its current staking model.

As implied by the popular LUNC advocate, the Crypto News Portal on X, the current staking model might be limiting adoption. The platform raised a proposal that might see a shift in waiting periods when LUNC is staked.

Terra Luna Classic Staking Model and Proposed Changes

According to the X post from Crypto News Portal, users need to wait 21 days to withdraw from any LUNC tokens staked. The platform noted that there are currently 1 trillion LUNC tokens staked, compared to the 5.44 trillion LUNC in circulation.

As pointed out, the current LUNC staking waiting period is limiting. Crypto News Portal argued for reducing the 21-day waiting period to “reasonable levels.”

While these reasonable levels were not defined, the proposal was directed to the broader Terra Luna Classic community. The community has waded into the issue, with some users supporting the idea of adjusting the waiting period.

However, an X user, Vivid BNB, noted that patience is key to the LUNC ecosystem. The X user noted that just because the timing takes long does not mean the staker will not reach their goals.

Terra Luna Classic Ecosystem Updates

In addition to the latest staking reconsideration, the Terra Classic ecosystem has been in the news lately.

As reported earlier by CoinGape, the ecosystem has burned 405 billion LUNC from circulation. In addition to the burnt LUNC, the USTC algorithmic stablecoin has also seen over 3 billion removed from circulation.

This figure marks the total community contributions to reducing the supply since May 2022. The rationale is to reduce the Terra Luna Classic in circulation to boost its scarcity and potential price rally.

With top crypto trading platform Binance torching 400 billion LUNC, many believe the token is closer to its USTC re-pegging goals.

LUNC Price Outlook

Terra Luna Classic has recorded interesting price action since the start of the week. However, the token has already given up some of its gains.

At the time of writing, the LUNC price was trading for $0.00005957, down by 7.13% in the last 24 hours.

TerraClassicUSD did not fare better, dropping by 3.84% to $0.01188. Although the drawdown for both USTC and LUNC mirrors the Bitcoin crash today, ecosystem optimism is different.

Proponents like the Crypto News Portal are convinced that introducing a revamped LUNC staking model might enhance its stability in the near term.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Mar 17, 2025