The community behind the collapsed Terra ecosystem, which has since rebranded to Terra Classic ($LUNC), has created a petition asking Nasdaq-listed cryptocurrency exchange Coinbase to list its token.
The petition, which at the time of writing has slightly less than 3,00 0signatures, calls for Coinbase to list LUNC as it is “quickly regaining its position in the Crypto universe.” The petition states that given LUNC’s “new found stability following reenabling of governance and implementation of deflationary measures alongside development and upgrades to the blockchain the Terra Classic ecosystem revival is in full flow” it should be listed on the exchange.
On social media, calls for Coinbase to list Terra Classic have surged as the community aims to get the topic trending on the microblogging platform Twitter. At the time of writing, Coinbase is trending over a reports Google will use Coinbase Commerce to accept cryptocurrency payments for cloud services.
Community petitions to get cryptoassets listed on exchanges aren’t new. In November 2021, the community behind the meme-inspired cryptocurrency Floki Inu ($FLOKI) created a petition to get listed on Coinbase as well, while the community behind rival meme coin Shiba Inu ($SHIB) had a petition with over 500,000 signatures to get listed on Robinhood.
Terra Classic is the rebranded version of the original Terra ecosystem, which collapsed earlier this year. When Terra’s ecosystem collapsed, its circulating supply jumped from 340 million tokens to 6.9 trillion, and to combat the inflation $LUNC supporters have added a 1.2% tax burn on all transactions conducted on the network.
Terra Classic’s price surged earlier this month after leading exchange Binance announced it will implement the burn mechanism to burn all trading fees on $LUNC spot and margin trading pairs. As reported, Binance CEO Changpeng Zhao noted the exchange burned around 5.6 billion LUNC tokens, at the time worth over $1.8 million.
The crypto community is notably bullish on $LUNC, expecting its price to surge over 570% by the end of the year, presumably over the network’s tax burn.
This article was originally published on cryptoglobe.com