The proposal to re-peg USTC with Terra Classic (LUNC) has been approved, and USTC's 24-hour increase has exceeded 30%

2023-02-03 14:29:06

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ChainCatcher news, the Terra Classic community proposal 11324 "Re-peg LUNC to USTC" has been approved. This proposal outlines an actionable framework for the LUNC community to rebind USTC from the code level, consensus level, and guidelines.

It is reported that this proposal is a signaling proposal, and the specific actionable plan will be executed through the Terra Community Trust 23 guidelines, with the ultimate goal of restoring the value lost during the "de-pegging" event in May 2022, while simplifying the burning process of LUNC.

According to CoinMarketCap data, as of the time of writing, the price of USTC has surpassed $0.03, with a 24h increase of over 30%. Terra Classic (LUNC) has surpassed $0.0002, with a 24-hour increase of 17.5%. (source link)

Related tags

TerraClassic UST LUNC USTC

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