Binance has burned over 440 million Terra Classic (LUNC) tokens, reinforcing its strong support for the community and commitment to the revival and long-term sustainability of the LUNC ecosystem.

Orbit Wire is a Luna Classic ecosystem designed to promote LUNC through digital news platforms and real-world festivals.

It offers staking via the Orbit Wire Validator and features two main components: MIOFF, a Layer 2 token supporting festivals and community engagement, and LUNCDaily, a news hub delivering updates, video reports, and community-written articles.

The Terra Classic community is currently evaluating a proposal aimed at enhancing the swap mechanism between LUNC and USTC. While some users perceive this initiative as an attempt to restore USTC’s $1 value, it is not a re-peg strategy and does not position USTC as a stablecoin.

Terra Classic is preparing for a major technical upgrade. The goal is to improve the network’s security, performance, and long-term reliability.