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How the Saint Lucia Citizenship By Investment Program Can Benefit Crypto Investors Seeking a Tax Haven

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Terra Luna Classic: The Merge Protocol Attempts to Unite the LUNA and LUNC Ecosystems


Following the appearance of a proposal to combine its ecosystem with that of the more recent Terra 2.0 platform, the price of Terra Luna Classic has slowly increased by 1% over the previous 24 hours. Developers have proposed a merging that would allow holders to submit their LUNC to Terra 2.0 and get the more recent LUNA in return using the Inter-Blockchain Communication (IBC) channel (as well as DEX rewards). However, because LUNC has a larger market value than its younger rival, it's not a given that its holders will take advantage of the chance to exchange it for something less valuable.

The 30-day moving average of LUNC also seems to have the potential to predict an impending rise. Of course, given the continued instability of the larger market, there is no assurance that a crossover would endure, as seen by earlier instances this year.

The most important development with respect to LUNC at the moment is the aforementioned merge, which comes after the FTX collapse and its consequences.

The most recent information on this proposal indicates that it will take place at some point next month, albeit this information is still tentative because it depends on the IBC bridge, which will link the Terra Classic and Terra 2.0 networks, being reopened.
The only other information is that those who make this swap will also receive DEX-related incentives as payment for their liquidity by being able to exchange LUNC for LUNA. These incentives' precise structure is still to be determined.

Apart from the FTX collapse, it's likely that switching from LUNC to LUNA will be insignificant, at least in the short- and medium-term.

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