Over 2B LUNC, USTC Burned As Terra Gets Rid Of Luna Classic

Better days are coming soon for the game-tested Terra Luna Classic (LUNC) community, as the altcoin’s parent company TerraForm Labs is forced by the U.S. Securities and Exchange Commission (SEC) to wind down operations. Terra Burns Big Pile Of LUNC & USTC For the LUNC community, there’s a bi-folded benefit in these circumstances, as the $4.47B settlement with the SEC obliges TerraForm Labs to get rid of all their Terra Luna token reserves. Not only that solidifies independence from the embattled fintech company, but also eliminates a big portion of Terra Luna Classic (LUNC) and Terra Classic USD (USTC)

Continue reading on DailyCoin.