Hong Kong Virtual Asset Consortium Considers Adding Terra Luna Classic (LUNC) to Digital Asset Index.
Hong Kong’s rating agency, Hong Kong Virtual Asset Consortium (HKVAC), is considering adding Terra Luna Classic (LUNC) to its digital asset index.
The agency has already released an initial list of cryptocurrencies for its large market cap index and plans to announce additional indexes to include more cryptocurrencies in its supported list.
Terra Luna Classic included in HKVAC Index:
A community member of Terra Luna Classic has requested the Hong Kong Virtual Asset Consortium to add Terra Luna Classic (LUNC) to their digital currency index.
The HKVAC team has acknowledged the reputation and strengths of Terra Luna Classic, including its connections with the crypto exchange Binance. They mentioned that the large market cap index, which serves a specific purpose, will have its constituents published on the official website on July 14.
Additionally, the HKVAC team is considering other types of indexes and plans to consult the Terra Luna Classic community for further information.
Currently, our index is meant for demonstration purposes. However, we have received a tremendous response, and we believe that there may be users who are considering the potential future use of the index.
By including Terra Luna Classic (LUNC) in the index, it will help strengthen the community’s efforts to revive the project. The developers are currently focusing on repegging USTC, increasing LUNC staking, and enhancing token burn to reduce the circulating supply.
These efforts followed a significant upgrade that brought the chain in line with Terra 2.0 and other Cosmos chains. However, the chain still lags behind other Cosmos chains and the latest upgrades.
LUNC Price Unable to Maintain Support:
LUNC price dropped by 4% in the past 24 hours and is currently trading at $0.000087. The lowest price in the last 24 hours was $0.0000873, while the highest price was $0.0000919.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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