A Deep Dive into Terra Luna Classic and Its Developments

Terra Luna Classic (LUNC) is a community-run cryptocurrency. The community has recently accumulated a significant amount of LUNC, surpassing 5 billion LUNC in total to reach a new all-time high (ATH) value. However, there are some difficulties in the use of these accumulations and funds. According to data provided by StakeBin, even though the total amount of LUNC and USTC in the pool is very high, these funds are observed to be not effectively utilized. Usage of Current Funds and Development Challenges The underutilization of community funds creates concerns about the development and strengthening efforts. In particular, according to data provided by DefiLlama, it has been observed that development activities are low and the total commitment count has significantly decreased from 2023 to 2024. This situation is linked to the community’s necessary transition to KYC for developments on the chain. Additionally, new initiatives like the pay-per-job (PPJ) proposal have caused […]

A Deep Dive into Terra Luna Classic and Its Developments

Terra Luna Classic (LUNC) is a community-run cryptocurrency. The community has recently accumulated a significant amount of LUNC, surpassing 5 billion LUNC in total to reach a new all-time high (ATH) value. However, there are some difficulties in the use of these accumulations and funds. According to data provided by StakeBin, even though the total amount of LUNC and USTC in the pool is very high, these funds are observed to be not effectively utilized.

Usage of Current Funds and Development Challenges

The underutilization of community funds creates concerns about the development and strengthening efforts. In particular, according to data provided by DefiLlama, it has been observed that development activities are low and the total commitment count has significantly decreased from 2023 to 2024. This situation is linked to the community’s necessary transition to KYC for developments on the chain.

Additionally, new initiatives like the pay-per-job (PPJ) proposal have caused tensions between the community and developers, leading to rejections of proposals or cancellations of projects. These situations have also caused a decrease in the total value locked (TVL) on the chain, which has decreased from 7.51 million dollars to 2.27 million dollars as of the writing date.

Price Changes in LUNC and USTC

In the last 24 hours, the price of LUNC has experienced a 7% decrease, reaching 0.00009742 dollars. At the same time, the USTC price has also decreased by 7%, trading at 0.01649 dollars. These price movements indicate a decreased interest in the market and a shaken investor confidence.

Useful Information

Price decreases in LUNC and USTC in the last 24 hours indicate a decreased interest from investors in these assets.
The underutilization of community-run funds creates uncertainties about the future of the project.
The decreasing total commitments on the chain highlight difficulties in ongoing developments and signal the need for investors to be more cautious.

In conclusion, the Terra Luna Classic community faces serious challenges in effectively using funds and sustaining its growth. This underscores the importance of strategic decisions and development efforts that the community will take in the future.

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