In-Depth Look at Terra Luna Classic and Its Developments

Terra Luna Classic (LUNC) is a community-led cryptocurrency. The community has recently accumulated a significant amount of LUNC, surpassing a new all-time high value by exceeding 5 billion LUNC. However, there are some challenges regarding the utilization of these accumulations and funds. According to data provided by StakeBin, while the total amount of LUNC and USTC in the pool is quite high, the effective use of these funds is observed to be limited. Utilization of Current Funds and Development Troubles The underutilization of community funds creates concerns about their further development and strengthening efforts. Especially, according to data provided by DefiLlama, the development activities are found to be low, and the total commitment count has significantly decreased from 2023 to 2024. This situation is correlated with the community’s need to transition to necessary KYC for developments on the chain. Furthermore, new initiatives such as pay-per-job (PPJ) proposals have led to […]

In-Depth Look at Terra Luna Classic and Its Developments

Terra Luna Classic (LUNC) is a community-led cryptocurrency. The community has recently accumulated a significant amount of LUNC, surpassing a new all-time high value by exceeding 5 billion LUNC. However, there are some challenges regarding the utilization of these accumulations and funds. According to data provided by StakeBin, while the total amount of LUNC and USTC in the pool is quite high, the effective use of these funds is observed to be limited.

Utilization of Current Funds and Development Troubles

The underutilization of community funds creates concerns about their further development and strengthening efforts. Especially, according to data provided by DefiLlama, the development activities are found to be low, and the total commitment count has significantly decreased from 2023 to 2024. This situation is correlated with the community’s need to transition to necessary KYC for developments on the chain.

Furthermore, new initiatives such as pay-per-job (PPJ) proposals have led to some tensions between the community and developers, resulting in the rejection of proposals or the cancellation of projects. Such instances have also caused the total value locked (TVL) on the chain to decrease from $7.51 million to $2.27 million as of the date of writing.

Price Changes in LUNC and USTC

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

Useful Information

Price decreases of LUNC and USTC in the last 24 hours show a decreased interest from investors in these assets.
Underutilization of community-led funds creates uncertainties about the future of the project.
Decrease in total commitments on the chain demonstrates difficulties in its development, signaling the need for investors to be more cautious.

In conclusion, the Terra Luna Classic community faces serious challenges in the effective use of funds and sustainable growth. This emphasizes the importance of strategic decisions and development efforts that the community will make in the future.

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