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The Terra Luna Classic community is considering an increase in the minimum deposit requirement to combat spam proposals. This move is aimed at safeguarding the ecosystem from fraudulent activities. Validators are in support of this proposal, citing the current requirement as ineffective.
The $40 billion Terra crash that set the stage for the FTX crash was one of the biggest events of the bear market. Due to the faulty mechanism of UST, investors fled from algorithmic stablecoins, and Do Kwon's mistake led to billions of dollars in losses. The old network, Terra Classic, is trying to survive. So, what do the latest data indicate for LUNC Coin?
BitMos has announced plans to bring Bitcoin BRC-20 support to Terra Classic; This move is expected to be a game-changer for LUNC and USTC.