Jennifer Goldsmith
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Binance’s Ongoing Support for Terra Classic
Binance has played a pivotal role in the post-collapse recovery of Terra Classic, offering more than just burn support for $LUNC . The exchange has maintained consistent dialogue with the Terra Classic community, and CEO Changpeng Zhao (CZ) has shown sustained interest in the ecosystem.
Key actions taken with Binance’s involvement include:
➖ A reduction of the burn tax from 1.2% to 0.5%, alongside the elimination of Seigniorage printing — both implemented at Binance's request.
➖ The reversal of the initial decision to delist USTC in MiCA-affected regions, following mutual agreement with the community.
Despite Binance’s continued engagement, these measures have not yet translated into significant price appreciation for $LUNC or $USTC. Market conditions remain broadly bearish, yet current valuations of both tokens appear deeply undervalued, suggesting potential for long-term upside.
#TerraClassic #LUNC #USTC #Binance #CryptoMarkets
Binance has played a pivotal role in the post-collapse recovery of Terra Classic, offering more than just burn support for $LUNC . The exchange has maintained consistent dialogue with the Terra Classic community, and CEO Changpeng Zhao (CZ) has shown sustained interest in the ecosystem.
Key actions taken with Binance’s involvement include:
➖ A reduction of the burn tax from 1.2% to 0.5%, alongside the elimination of Seigniorage printing — both implemented at Binance's request.
➖ The reversal of the initial decision to delist USTC in MiCA-affected regions, following mutual agreement with the community.
Despite Binance’s continued engagement, these measures have not yet translated into significant price appreciation for $LUNC or $USTC. Market conditions remain broadly bearish, yet current valuations of both tokens appear deeply undervalued, suggesting potential for long-term upside.
#TerraClassic #LUNC #USTC #Binance #CryptoMarkets
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