Terra Luna classic the cryptocurrency has had some big news just come out recently multiple pieces of big news. What I want to do in this video is share it with you. What does this news mean for the future of this cryptocurrency? What is going to be the impact of the price in the future that’s exactly what we’re going to be talking about.
Have a read of this more amazing news from the Terra Rebels team. There are currently 33 projects actively migrating to the Lunaclassic chain. Luna classic will be an undeniably attractive ecosystem to build in reliable governance, professional maintenance and a devoted Community. Let’s build and this is really really big, so I want to explain to you why this is really important. So, some people just might skip over this news and they might not understand the impact of this. But, what we are seeing is projects coming to the Luna classic chain. So, one of the important key steps I’ve spoken about in these videos is that we need activity on the Luna classic chain.
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We are on the pathway to get 33 projects so not just one project not two projects. But, 33 projects to kick off with and this is really really good for this cryptocurrency. Why are these crypto projects coming to Luna classic and not lunar version two the answer is it’s the community. So, when in cryptocurrency cryptos need to launch their projects on activities with the community. So, people are super important on Twitter and on YouTube. There’s a lot of interest in the Luna classic. I believe this community is still growing.
It’s still early and these projects are going to be launching onto a chain. That’s going to be popular and this is important. This is probably only the beginning, so over time 33 projects is a good number to kick off with very strong but in the future. We may see you know 50 projects, we may see at 100 and in the future. What else you want to see for Luna classic because we want to see more and more projects come onto the chain. We also want to see the community of Lun classic grow stronger, so more projects and more people coming into this community. That’s going to be bullish for this crypto project, another big piece of news. We’ve had the lunatics token. We spoke about this crypto – a very exciting cryptocurrency and guess what they’ve sent over 250 million Lunaclassic to the dead wallet making them the number one burner of Luna classic. So, that is really good to see.
It says Terra Rebels are delighted to see validators making history by voting and enabling governance to thrive supporting Luna classic Community still time for more votes Quorum passed with a positive vote for proposal 4159 making a way to distribute the code to burn and enable staking. The validators are actually coming online, so I want to give a shout out to everyone you know over on Twitter wherever the crypto Community. You’re who helped influence those validators to pass these votes. This is exactly what we needed for Luna classic and this is opening up the path for the big Burns. Once the big Burns comes online what does that mean for Luna classic. It means basically we’re gonna have a 1.2 percent burn on chain and that means again when we go back to this point that we’re talking about 33 projects. That is going to be on a chain for learning the classic again every single time there’s a transaction in the ecosystem.
That project is fueling transactions that’s going to burn up more and more Luna Classics, so really the potential for Burns in this crypto is through the roof. It does have a massive potential for burns, what do we want, we want more projects. We want more ecosystem activity and that is going to be very bullish for this cryptocurrency. We’ve also had some other big updates happening as well. So, potentially Luna Classic Plus Google carbon layer 2 interrupt service between Luna classic and Matic and Terra Rebels website coming and on top of that. What is happening? What are we? What else are we waiting for in the big scheme of things? The big scheme of things for this Luna classic cryptocurrency is we have had word from Seas out of binance that the wanted to see an on chain Byrne of Luna classic.
He wanted to see an ecosystem get built out. If we get these 33 projects active on the lunar classic chain that 1.2 percent burning on the Chain. Then I think everyone has a right to tweet at CZ Binance because he did say he was on Twitter. He put out the words that he was open to considering a burn for Luna classic.I think people should hold him accountable for his words right there. So, what we want to see, we want to see binance put a 1.2 percent burn on Luna classic. If the volume of Binance exchange stays the same and we get a slice what’s the volume in the last 24 hours, so around 22 million dollars. So, that is still considerable volume for a cryptocurrency. It’s 22 mil on the binance exchange 1.2 percent of that would be pretty nice. So, again that is going to fuel more and more Burns for this cryptocurrency.
I think for people who want to get rewarded in this cryptocurrency. It is going to come down to the burns for this crypto. So, again the more Burns we get for Luna classic the more ecosystem development. We get more Community growth. The stronger it is for this cryptocurrency. Of course, it’s going to take time and I think it’s good to practice patience in cryptocurrency. Remember, if we go to bitcoin right and we bring up the Bitcoin price chart just remember, there’s so many stories of people.
They’re buying into Bitcoin at like 200 they’re selling out at like 700 dollars, doing a 3X. It’s because they get a bit impatient. But, have a look at this. It took multiple years for the Bitcoin price to really really pump and again those people who held on the longest and had the best patience. They actually got massively rewarded, I still think Bitcoin is going to go higher and higher one day. So, I think this is just the start of something big in the future for Bitcoin.I wouldn’t be surprised if Bitcoin goes back up to fifty thousand dollars up to a hundred thousand dollars one day. I’m staying bullish on bitcoin. But, that is a big update on Luna classic today.
This article is a transcription of a video made by Crypto ZEUS
Original video: https://youtu.be/x6hxY_k-Svk