Bandika

tera bitz ❤ 🔥 validator of LUNC

$LUNC: Live. Laugh. Love.

[Vegas @VegasMorph]

Ups, Binance is cutting LUNC ’s collateral ratio from 30% to 10%.

Some still believe Terra Classic should do nothing and simply wait for a “miracle plan” from Binance. That plan clearly does not exist.

Today it is 10%. Next it could be 0%,or even a total delisting.

Doing nothing is obviously not working. It is time to stop the anti-progress agenda, endless drama, and attacks on anyone trying to build. Start innovating, create real utility on Layer 1, and give exchanges a reason to continue supporting , yo can die trying to rebuild,or die doing nothing. Your choice....

[J Feng 🌕 @stablefeng]

After more than four years in the Terra Classic community, I’ve seen everything in between.

I support Vegas and I strongly supported the 1.2% burn tax from Day One.

If you still think Vegas is a scammer after everything he’s done for Terra Classic over the past four years, then I honestly don’t know what to tell you.

I don’t know whether Binance has a “secret plan.” But Binance’s continued support for LUNC and the size of its LUNC holdings are among the main reasons I still believe in this ecosystem today.

[Vegas @VegasMorph]

I’m listening, bro 😉 Thanks for the video. I think you got the situation generally right, but there are a few points I’d like to add, if you don’t mind.

1/ Regarding the drama: yes, it is real. But no, I’m not afraid. I’m simply tired of being labelled a scammer while gaining practically nothing from the work I do.

I’ve received emails, calls to my workplace, and even had police sent to my home because of a false report. Other things happened too. When I attended a conference in Poland, I received a message shortly after entering the building saying: “I’m watching you.”-lol

2/ I was never scared. I can take care of myself. Most of these are empty threats, and the serious ones don’t really concern me either.

In my view, much of this campaign is orchestrated by individuals using multiple anonymous accounts connected to GP and some of his friends. They are very brave while hiding behind anonymity.

That’s why I liked your suggestion about KYC for validators. I would genuinely support every validator being KYC’d. The moment GP is properly identified, he can expect a letter from my lawyer 😉

3/ So no, I’m not scared. I’m tired.

Tired of working while still being presented as the bad person. Put yourself in my position: my only LUNC income comes from validator commission. At position 25 or 26, I receive roughly $20–$30 per month.

Because I run bare-metal infrastructure, that does not even cover the electricity.

4/ What annoys me most is that the people leading the misinformation campaign sit near the top of the validator rankings and receive thousands of dollars per month in commission.

Meanwhile, I feel like I’m working for them.

They receive the community’s support and delegations, which suggests the community trusts them more than it trusts me. So perhaps they should do the hard work.

5/ Let them coordinate upgrades, handle security patches, prevent delistings, patch third-party applications, help investigate drains and deal with the other problems that appear.

Maybe I’m wrong. Maybe they are capable of doing all of this.

For once, I would be the person doing nothing while somebody else handles the difficult work. I genuinely hope I’m wrong-but I don’t believe I am.

6/ Sometimes the only way for the community to understand the position we are in is for people like me to step back.

The community needs to see whether GP and others can actually deliver anything beyond accusations, anonymous accounts and misinformation.

Regarding Orbit Labs, one correction: they never told me they were directly threatened. What I meant was the constant pressure being applied against innovation so they step back.

7/ Orbit Labs will now focus mainly on maintenance and code updates.

But Terra Classic needs much more than maintenance. We need real products built on-chain(not simply another DEX) , we need inovattion.

That could include ideas such as MM2, USTC staking, or a Layer-1 subscription service. After that, we need a full audit of the chain. I already have some quotations, and they are expensive.

We also need a dedicated security team constantly watching the chain.

8/ None of that will happen while the mentality remains: “Let’s wait for Binance to save us.”

In my personal opinion, Binance has been very supportive of the community, although perhaps not always for the reasons some people assume.

When the community was united, the social pressure was enormous. Whitelisting Binance wallets VS performing a relatively small monthly burn can also make financial sense for them, as it allows internal transfers, maintenance operations and market-maker activity without paying the tax.

Still, I appreciate and support their decision to continue burning LUNC.

9/ One final point: I noticed the recent delegation mentioned in your video and went to check it. It was impressive, although unfortunately it appears to have been a proxy redelegation connected to HCC rather than GP.

I would love to see the same movement coming from GP.

I’m genuinely grateful for the support, but there are many good validators on this chain. Supporting me is appreciated, but people such as Frag and Juris , bi-nodes and more are also doing excellent work and deserve recognition.

I think that covers everything. Thanks again for the video and for the support, bro 🙏

[Vegas @VegasMorph]

https://t.co/KQrUCqeYEN

[Z3r0w 🔶 Traders @_Z3r0wTraders]

When the SEC, FED, or any government knocks with subpoenas, demands transaction data, or threatens charges

— these “privacy coins” comply.

They delist.
They bend.
Their “privacy” comes with a kill switch.

Governments don’t need to break the tech

— they just pressure the people/companies in charge.

Real privacy needs no central point of failure.

That’s why $USTC on Terra Classic could be revolutionary:
• No team
• No company
• No foundation
• No founder control since 2022
• Pure community governance: validators + holders vote everything

Add zk-proofs/shielded transactions? Private payments by default.
Algorithmic.
Truly unstoppable.
Gov wants a transaction revealed?
There’s no door to knock on.
No entity to subpoena.
No one to charge or fine into compliance.

$USTC privacy = unbreakable, regulator-proof reality.

$LUNC $USTC #TerraClassic #TruePrivacy #NoKillSwitch

[🧬Maxpein🧬 @maximumpain333]

WE ARE SUPPOSED TO HAVE 13 MONTHS IN A YEAR; 28 DAYS EXACTLY WITH ONE DAY OF RENEWAL

A YEAR SHOULD HAVE 13 MONTHS IF WE HAD 13 MONTHS INSTEAD OF 12, EVERY MONTH WOULD BE EXACTLY 28 DAYS, THE 1ST WOULD ALWAYS
BE A MONDAY, AND THE 28TH WOULD ALWAYS BE A SUNDAY. EVERY MONTH WOULD HAVE EXACTLY 4 WEEKS INSTEAD OF 4.257 AND WE WOULD PROPERLY ALIGN OURSELVES WITH THE CYCLE OF THE MOON.

Keep in mind women's periods are 28 days, the ocean tides are 28 days, and the moon cycle is 28 days.
That's why we call it a month, because the cycles were originally derived from the moon(s). All of this was changed to make us out of sync with the moon & stars and also hide our history.

~ Ava Leopoldo

✨🙌🏾💫

[PinkUnicorn80 @PinkUnicorn80_]

There is a lot of inaccurate information going around about Binance and #TerraClassic, so I thought I would clear a few things up.

🗣️ Claim #1: Binance holds 6 trillion $LUNC.

❌False: Binance actually holds 1 trillion fewer $LUNC than they did even a year ago. I have tracked the holdings, including many of the wallets that have been moving large amounts of $LUNC, for some time.

In Feb. 2023, the hot wallet held 2,256,389,485,687 $LUNC. Today, it holds 1,786,533,132,306 $LUNC. Many of the other wallets that are often linked to Binance, hold about half of what they used to.

So regardless of who actually owns the $LUNC, there is one fact that cannot be ignored. The holdings are decreasing.

🗣️Claim #2: Binance received 6 trillion $LUNC when the chain crashed.

❌ False: Around 3 trillion $LUNC moved through the Binance wallets. Of that 3 trillion, at least 12 of the now whitelisted wallets received 50B $LUNC, and then moved those 50B to many smaller wallets.

On the surface, it shows that almost 6 trillion moved through the wallet, but when you look deeper into the layers, you see that just under 3 trillion moved in, and just over 3 trillion moved out. Most of that began to move into a "loop" (that we now know is a safety measure used by Binance).

Shown in the image was the old deposit wallet, but it clearly shows the incoming and outgoing values.

To be clear, I only post this to show the reality of the situation, and why it is so important to support the builders on #TerraClassic. Yes, we have been gifted a wonderful opportunity when @Binance started to burn for us, but never did they say to "stop and wait".

They gave us a lifeline, and it is important that we are wise enough to use it.

[The Crypto Hub @TerraNewsEN]

The Terra Classic chain is reactivating its robust protocols. A vote has been opened to fix broken contracts. Cosmos connectivity is being restored with an SDK upgrade.

The features that brought Terra to the top are being reactivated. These improvements are welcome, but they are not impacting the prices of $LUNC and $USTC. LUNC and USTC should start to rise now...

#LUNC #USTC #TerraClassic #Cosmos #Bullish

[DO Chain 👑 @DoChainOfficial]

Ok #LUNC this is it. Your friendly neighborhood #Cookie has your solution 👇

📜 Proposal: Multi-Fiat Stablecoin Mint Protocol on Terra Classic

Objective

Replace fragile algorithmic designs (like old USTC) with a family of fully-collateralized fiat stablecoins (EUTC, GBTC, CNTC, JPTC, KRTC, etc.).
Each stable is minted against deposited collateral on-chain, fully backed, and stabilized through USTC + USDC trading pairs.
The peg is enforced by mint/redeem arbitrage plus oracle-fed global FX prices.

⸻

🔹 1. Fiat Stablecoin Family
•EUTC = Euro stable
•GBTC = British Pound stable
•CNTC = Canadian Dollar stable
•JPTC = Japanese Yen stable
•KRTC = Korean Won stable
(and others added by governance vote)

Each token = 1 unit of fiat equivalent at the oracle-reported exchange rate.
Example: 1 EUTC = 1.00 EUR worth in USD terms.

⸻

🔹 2. Mint / Redeem Mechanism
•Users deposit collateral (LUNC, COOKIE, or approved assets).
•Smart contract calculates required deposit based on oracle price feed + over-collateralization ratio (e.g. 150%).
•Stablecoin minted to user’s wallet.
•To redeem, user returns the stablecoin → collateral is unlocked minus fees.

Formula (example minting EUTC):
\text{Collateral required} = (\text{Stable Amount} \times \text{EUR/USD}) / \text{Collateral Price in USD} \times \text{CR}

⸻

🔹 3. Price Discovery & DEX Liquidity

Each stablecoin will have core trading pools for arbitrage and price alignment:
•[Fiat Stable] / USTC
•[Fiat Stable] / USDC

Why?
•USTC is the “legacy” stable on Terra Classic; pairing ensures alignment with ecosystem revival goals.
•USDC provides an external stable anchor, strengthening trust and giving traders an exit to widely recognized USD parity.
•Together, these pools create two-way arbitrage pressure to hold fiat stables near their oracle-defined value.

⸻

🔹 4. Oracle & FX Feeds
•Governance-approved oracles provide real-time fiat FX rates (EUR/USD, GBP/USD, etc.) and collateral prices (LUNC/USD, COOKIE/USD).
•Feeds updated every block/minute with medianized values from multiple providers.
•If oracle feed halts → minting is paused until price certainty restored.

⸻

🔹 5. Stability Through Arbitrage
•If a stable trades above peg:
→ Anyone can mint new supply at oracle value and sell on DEX → price pulled down.
•If a stable trades below peg:
→ Arbitrageurs buy cheap stable on DEX and redeem for collateral → price pulled up.
•This mechanism auto-regulates supply and keeps price within tight bands, without seigniorage debt or under-collateralized risk.

⸻

🔹 6. Governance Safeguards
•Over-Collateralization Ratio (CR): Initially 150% for volatile assets. Adjustable by governance.
•Debt ceilings: Limit per-stable supply until tested.
•Mint & redeem fees: Small % fee to deter abuse, fund protocol operations, and burn LUNC/COOKIE.
•Emergency pause: Governance can halt minting in oracle failures or extreme volatility.

⸻

🔹 7. Revenue Model
•Mint/Redeem fees (e.g. 0.2%–0.5%).
•Trading fees from DEX POL pools.
•Allocation of fees:
•% to Community Pool (fund development & chain ops).
•% to LUNC burn (direct supply reduction).
•% to DAO reserve (grow backing).

⸻

🔹 8. Benefits for Terra Classic
•Creates a suite of real, usable stablecoins on-chain, collateralized and safe.
•Brings organic volume to USTC via pairing with every fiat stable.
•Enables arbitrage loops between USTC, USDC, and new fiat stables → deep on-chain liquidity.
•Positions Terra Classic as a multi-currency stable hub, unique in the Cosmos ecosystem.

⸻

✅ Key Difference from USTC Past Failure:
No algorithmic mint/burn, no under-collateralization.
Every stable is minted only when fully backed by deposited collateral.

⸻

[Garuda DeFi @garuda_defi]

JUST IN : Cookie gangs brings #terraclassic stable coin back a live on Garuda DeFi.
🇪🇺 EUTC
🇰🇷 KRTC
and more will comes..
Check the pools on next post 👇
#LUNC #Euro #KRW

[BB5 🇵🇹 ✨ @BullBoss5]

USTC supply (5–6B) makes a repeg challenging. One possible path could be to repeg the smaller stables first ( $EUTC, $KRTC, $JPTC ... )

With a solid AMO (Auto Market Op), low supply makes them easy to repeg. Profits could fund collateral for a progressive $USTC repeg, fill the oracle pool and reduce $LUNC supply.

What’s your opinion on this ? 👇

[Nicolas Boulay @NicolasBoulay]

Discussions being had in the #LUNC Validator channel about over collateralizing and minting #EUTC and peg to 1€ and pooled with #USTC to offer a native stable coin onchain. We would also look to peg IDTC and possibly GBTC as we go and lets arbitrage traders make the market. 1/3

[Bandika @tera_bitz]

@LunaClassicHQ Team LUNC

[frag | Juris Army 🎖️ @frag_dude]

I created a terra-classic-vesting repository. Watch this:

https://t.co/HiI90jK7l1

It's heavily inspired by cw-vesting from @DA0_DA0

This contract can...

👇👇👇

[Bandika @tera_bitz]

@coin_inn @MarbitzGo I think I eligible for an airdrop, at least.

[🧌 luncgoblins 🧌 @luncgoblins]

Shit is gettin' hot in here 🔥

[Juris Protocol @JurisProtocol]

@frag_dude casually dropping a christmas present for us in the $juris founders chat 😳

Leaking some alpha for the impatient $lunc chads 👀

Merry Christmas y'all ❤️ 🎁🎄

[K_raucks @k_raucks]

Hey #TerraClassic projects. Please join testnet and assist in testing the new #burntax approach. 🛠️

#lunc #LUNCcommunity

[⚽️♥️♣️TerraCasino♦️♠️🔥 @TerraCasino_io]

Maybe we should support $USTC Repeg Initiatives, looks like you guys want us to add and burn $USTD on https://t.co/oIeVXKHzio ?!?

Drop a LIKE if you want to see us burn $USTD 👀❤️