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<p><strong>Terra Luna Classic is considering a proposal to restore interblockchain communication (IBC) with the Osmosis protocol. This initiative aims to recover liquidity for LUNC and USTC tokens.</strong></p><h2 id="header-0">Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On <a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">www.ChikaMoji.lol</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/Chika-Moji-Airdrop.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /></p><p>If approved, transfers between Terra Luna Classic and Osmosis would resume under the Client ID 07-tendermint-12 on columbus-5, which references the expired Osmosis validator set.</p><h3 id="proposal-to-reactivate-osmosis-ibc-on-terra-luna-classic">Proposal to Reactivate Osmosis IBC on Terra Luna Classic</h3><p>Developer Fragwuerdig, a former core team member, has proposed “Reactivate Osmosis IBC” on the Station wallet. This proposal aims to restore interblockchain communication (IBC) between Osmosis and <a href="https://cryptosheadlines.com/lunc-price-surges-by-40-as-terra-luna-classic-l1tf-collaborates-with-ustc-repeg/" rel="noopener noreferrer nofollow">Terra Luna Classic</a>.</p><p>Vegas, a <a href="https://cryptosheadlines.com/terra-classics-validator-support-expansion/" rel="noopener noreferrer nofollow">Terra Classic member and validator</a>, highlighted that the Osmosis IBC client requires an upgrade for smooth IBC relay operations. Specifically, he recommended transitioning from version 07-tendermint-12 to 07-tendermint-250 to ensure seamless interchain transfers between LUNC and Osmosis.</p><p>As of now, the proposal has garnered over 96% of votes in favor. The voting <a href="https://cryptosheadlines.com/us-sec-declines-to-set-deadline-in-coinbase-crypto-clarity-case/" rel="noopener noreferrer nofollow">deadline is set</a> for May 25. In addition to the strong support, 3% of votes opposed the proposal with veto power. Notably, seven validators, including LuncGoblins and Moon Rabbit Validator, who participated in the voting, have voted “Yes,” emphasizing the importance of approving the proposal for the community’s benefit.</p><h2 id="header-1">Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On <a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">www.ChikaMoji.lol</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/Chika-Moji-Airdrop-1.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /></p><h3 id="terra-luna-classic-lunc-and-ustc-price-updates">Terra Luna Classic (LUNC) and USTC Price Updates</h3><p>The <a href="https://cryptosheadlines.com/terra-luna-classic-core-developer-updates-q3-proposal-anticipates-lunc-price-surge/" rel="noopener noreferrer nofollow">Terra Luna Classic</a> (LUNC) community anticipates a price increase to surpass $0.0002 soon, driven by ongoing development activities and staking. Currently, LUNC has been trading sideways following a modest 3% increase this week. The 24-hour trading range for LUNC shows a low of $0.0001072 and a high of $0.0001106. Despite a slight decrease in trading volume over the past day, investor interest remains strong.</p><p><a href="https://cryptosheadlines.com/dogecoin-whale-sells-30-86-million-of-doge/" rel="noopener noreferrer nofollow">Also Read:   Dogecoin Whale Sells $30.86 Million of DOGE</a></p><p>In contrast, USTC has experienced a notable 30% rally over the past month. However, trading volumes have significantly decreased in recent days, particularly this week. USTC is currently trading at $0.02233, with a 24-hour low and high of $0.02200 and $0.02314, respectively. Although trading volume has seen a slight uptick compared to the previous day, indicating sustained trader interest, the overall volume trend remains subdued.</p><p><strong>Important:</strong> 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.</p>

Terra Luna Classic Votes on IBC Reactivation: LUNC Price Rally?

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