Binance Expands Support For LUNC And USTC Revival To $1

Crypto exchange Binance TH, a joint venture between Binance and Gulf Energy, on Saturday announced a revival effort and promote LUNC and USTC trading on the crypto exchange. Terra Classic ecosystem tokens were listed by Binance TH this week, receiving massive attention from the Terra Classic community.

Binance TH Announces “LUNC from Collapse to Resurrection”

In a post on X social media platform on June 15, Binance TH introduces “LUNC from collapse to resurrection?” event to the crypto community. Binance TH by Gulf Binance looking for people who have experienced the Terra-Luna crisis and still believe in LUNC revival.

“Binance TH by Gulf Binance will contact those who suffered the most from LUNC to invite them to join the discussion and share their experiences through Binance TH Live with us. By Those selected will receive Binance TH Swag and special prizes,” said the crypto exchange.

Former Binance’s CEO Changpeng Zhao started supporting the Terra Classic revival after the community and developers took governance into their hands. Binance has burned 60.42 billion LUNC tokens in the burn campaign to remove tokens for supply.

Also Read: Terra Luna Classic Community Votes On Game Changing Proposal

LUNC and USTC to $1

LUNC developer groups, validators, and the community are actively supporting the LUNC revival to $1 and USTC repeg to $1.

Meanwhile, developers are looking Terra Luna Classic proposal to implement Tax2Gas and remove the need for separating handling and calculation of tax. Tax2Gas will incorporate the tax into the gas and decrease complexities for dApp developers, as per a proposal by StrathCole and Genuine Labs.

LUNC price jumped 0.21% in the last 24 hours, with the price currently trading at $0.00097. The 24-hour low and high are $0.0000918 and $0.00009709, respectively. Moreover, trading volume decreased by 12% in the last 24 hours.

Meanwhile, USTC price also climbed 0.5%, with the price now trading at $0.0183. The 24-hour trading volume saw a 22% rise in the last 24 hours as traders bought the dip.

Also Read: XRP Price Risks Falling To $0.42 As SEC and Lawyers Challenges Ripple On Penalties & Injunction

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

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