Binance Thailand Backs LUNC Revival with New Trading Events and Support to $1

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Binance Thailand has taken a notable step by announcing full support for LUNC and USTC, emphasizing its commitment to the LUNC community.
The cryptocurrency exchange has initiated efforts to promote LUNC and USTC trading on its platform, aiming to bolster their market performance.
Recent developments have caused LUNC and USTC prices to increase by 1%, a sign of growing investor confidence.

Discover how Binance Thailand is playing a pivotal role in revitalizing LUNC and USTC, and explore the potential impact on the market.

Binance Thailand Drives LUNC Revival

In an ambitious move, Binance Thailand has launched a special event tagged “LUNC from collapse to resurrection?” to engage the cryptocurrency community. This campaign seeks individuals who have been impacted by the Terra-Luna crisis and still believe in the potential recovery of LUNC and USTC. Binance Thailand CEO, Changpeng Zhao (CZ), has reiterated his support for LUNC, underscoring the exchange’s commitment to revitalizing these tokens post-crisis.

Building Community Engagement

As part of this campaign, Binance Thailand is reaching out to affected community members, inviting them to share their experiences and discuss their hopes for LUNC’s future during Binance TH Live sessions. Those selected for participation will receive exclusive Binance TH merchandise and additional incentives. This initiative aligns with CZ’s long-term vision to support the Terra Classic ecosystem through community and governance-driven efforts.

LUNC and USTC Aiming for $1

Alongside community-building efforts, LUNC’s development teams, validators, and supportive community members are working head-on to push the price of LUNC and USTC toward the $1 mark. A pivotal proposal on the table involves implementing Tax2Gas, streamlining tax deductions by integrating them into the gas fee calculations. This simplification, spearheaded by StrathCole and Genuine Labs, is anticipated to reduce operational complexities for decentralized application developers, potentially increasing the tokens’ utility and attractiveness.

Market Dynamics and Price Movements

Over the last 24 hours, LUNC prices have seen a modest uptick of 0.21%, currently hovering around $0.00097. The trading volume has, however, dipped by 12%, indicating cautious optimism among traders. Meanwhile, USTC has witnessed a 0.5% price increase, trading at $0.0183, with a notable 22% rise in trading volume suggesting heightened market activity as investors capitalize on the price dip.

Conclusion

Binance Thailand’s proactive measures to support LUNC and USTC highlight the exchange’s pivotal role in the potential resurgence of these tokens. Through community engagement, innovative proposals like Tax2Gas, and strategic promotions, Binance is laying groundwork that could restore lost confidence and drive significant price recoveries. As the crypto landscape continues to evolve, the actions taken by Binance and its leadership could serve as a blueprint for other exchanges aiming to support and revive distressed digital assets.