The Hong Kong Virtual Asset Consortium (HKVAC) is a prominent rating agency based in Hong Kong. announced We plan to evaluate the inclusion of Terra Luna Classic (LUNC) in our digital asset index.
Just recently, the HKVAC rating agency released its latest index incorporating popular digital assets such as Shiba Inu and XRP.
In addition to existing indices featuring assets such as Shiba Inu and XRP, the HKVAC rating agency has announced its intention to introduce further indices that include a wider range of cryptocurrencies in its supported list.
Terra Luna Classic (LUNC) Community Requests to Join HKVAC
Following a request from members of the Terra Luna Classic community, the Hong Kong Virtual Asset Consortium (HKVAC) has granted its appeal to include Terra Luna Classic (LUNC) in its digital currency index.
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In response, the HKVAC team expressed its recognition of Terra Luna Classic’s reputation, capabilities and ties to Binance, a prominent cryptocurrency exchange. Currently, HKVAC’s newly introduced Crypto Asset Index ranks the top 30 coins based on market capitalization.
The HKVAC Large Market Capitalization Index has been developed with a specific purpose in mind, and its constituents will be officially launched on the organization’s website on July 14th. The index is designed to meet the needs of investors and market participants seeking exposure to digital assets. It has a sizeable market capitalization.
The HKVAC team is actively exploring the possibility of introducing additional index types to meet the diverse needs of the market. In this regard, they plan to work with the Terra Luna Classic community to gain valuable insights and information.
By consulting the Terra Luna Classic community, HKVAC aims to gather input and feedback on potential index types to suit the preferences and requirements of community members.
HKVAC said:
Our index is currently for demonstration purposes only. However, we received a great deal of feedback, so we believe that some users may consider using the index in the future.
Better visibility and responsiveness expected from LUNC
The addition of Terra Luna Classic (LUNC) to HKVAC’s Digital Asset Index is expected to have a positive impact on community efforts to revitalize the project.
The inclusion of LUNC will likely increase its visibility and recognition, attracting attention and participation from the broader cryptocurrency ecosystem.
Additionally, the developers of Terra Luna Classic are actively working on a variety of initiatives to enhance the project’s functionality and value proposition.
These include re-pegging the USTC, efforts to align the stablecoin with its intended peg, and efforts to increase LUNC staking to encourage token burn and reduce circulating supply.
Another development is a major upgrade that brings the chain on par with Terra 2.0 and other Cosmos chains, further enhancing compatibility and interoperability.
According to information available on CoinGecko, LUNC is currently priced at $0.000088. It’s worth noting that LUNC’s market cap has decreased slightly.
Featured images from Medium and charts from TradingView.com
