Official Warning to Terra Luna Classic Investors / Lunc Coin Last Minute / Crypto Analysis
2 weeks ago
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While the Terra luna Classic community has achieved great success within the scope of the resurrection project, a critical warning came from the community to LUNC investors.
While the Terra Luna Classic community has achieved great success within the scope of the resurrection project, a critical warning came from the community to LUNC investors.
Focusing on reviving the Terra Classic ecosystem, the Terra Rebels community has warned investors of a fictitious token floating around the market. Terra Rebels reported that the token named Interchain DAO Coin targets investors by claiming that Terra Rebels is behind the project with a fake logo and shares. According to Terra Rebels, the rug pull or honey pot token is currently circulating on the Cosmos network and other markets. Terra Rebels, in a tweet it shared, asked the community members to stay away from this fake project, especially using the logo and the name of the project leaders.
Terra Rebels is doing its best to help LUNC regain momentum. The team has given hope to the victims of the Terra collapse. The independent Terra Classic developer group believes that burning a large portion of the Terra Classic supply will increase the prices of LUNC and USTC. In addition to imposing a 0.2-interest tax/burn on all LUNC on-chain transactions, Terra Rebels has also resorted to other methods to accelerate their token burn.
Last month, Terra Rebels launched a lottery game on the Terra Classic network to speed up their LUNC burn. Players must purchase tickets worth 5,000 LUNC to participate in the game. The winner gets 60 interest of the pool, while 26 interest is burned. Terra Rebels also brings a DEX and Casino to Terra Classic to help burn billions of LUNCs.
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