Could Terra Classic Reach $1? Popular Name Announced

Terra Classic Tobias Andersen, a prominent member of the community and known by the alias Zaradar, recently said that Terra Classic (LUNC) and Terra (LUNA) can coexist. Zaradar described several ways of doing this. Zaradar’s comments come just three days after Terraform Labs official Jared stated that both blockchains cannot converge at the protocol level.

In a recent tweet, Zaradar He stated that both assets have their own strengths and weaknesses and therefore should be used for different purposes within the ecosystem. According to Zaradar’s suggestion, both assets can be used to complement each other with their strengths.

LUNC Regarding the transaction, Zaradar stated that the asset can be used in situations involving frequent and fast transactions. Some of these use cases are in-game currencies and machine-to-machine (M2M) payments for Metaverse games. He suggested using LUNC for remittances between businesses and individuals.

Zaradar stated that he would like to see LUNC used in transactions that need to be resolved quickly and efficiently. This is due to the asset’s increased supply and high liquid position.

LUNA Can Serve as a Store of Value

LUNA When it comes to it, Zaradar stated that he thinks it could act as a wealth store for the proposed ecosystem due to the lower supply of the asset than LUNC. As we reported, at the time of this writing, with a current circulating supply of 127 million tokens, LUNA owns 0.002% of LUNC’s current circulating supply of 5.9 trillion tokens. Given LUNC’s current supply, Zaradar stated that the asset cannot serve as a store of value.

When asked if he was in contact with Terraform Labs (TFL) regarding this proposal, he stated that he had not spoken directly to TFL personnel as his lawyers had requested. That said, others have been known to communicate with TFL personnel.

Zaradar’s negative view of LUNC’s claim to be a store of value raised concerns among several community members who asked him if he believed the community’s goal of making LUNC $1 was unattainable. In response, Zaradar has signaled that the asset could be worth over $1 in 20 years if the measures it proposes are implemented.

“I think LUNC will eventually be worth more than $1 USD. That’s why I personally continue to collect…”

Some supporters believe that the nature of the coexistence proposed by Zaradar is rather ambiguous, as in the initial calls for union. Jared had previously explained that both blockchains cannot be combined at the code level because that is impossible. That said, if “merger” refers to collaboration between the teams behind both networks, it is possible because it is already in the works.

Source : The Crypto Basic

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