Following a joint governance proposal on staking liquid derivatives at Terra Luna Classic (LUNC), a new proposal emerged for the next quarter, proposing the formation of a dedicated team of six integrated senior engineers.
The full stack team of top engineers at Terra Allies, better known as the Six Samurai, has it foot Third-quarter spending proposal, emphasizing their deep passion as LUNC holders. With a firm commitment to achieving a “true ecosystem revival”, the team pledges to dedicate their efforts and expertise towards this goal.
Terra is a blockchain protocol that uses stablecoins pegged to fiat currencies to power global stable-price payment systems. Terra combines the price stability and widespread adoption of fiat currencies with the censorship resistance of Bitcoin (BTC) and offers fast and affordable settlements.
In May 2022, the formation block of the new chain for futures trading was launched under the name Terra (LUNA), and the original Terra Chain was renamed Terra Classic.
Providing a detailed plan for the third quarter of 2023, the team proposes a budget of $116,000. Their L1 roadmap entails important milestones such as migrating from Columbus-5 to Columbus-6 and upgrading to the latest version of the Cosmos SDK.
In addition, their roadmap includes pursuing the listing of Terra Classic on the web interface of Keplr, a web tool for analytical visualizations, as well as Mintscan, a Cosmos block explorer that caters to cryptocurrency exchanges and clients.
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In their proposal, the team expressed their willingness to make the necessary efforts to achieve a real revival of the ecosystem. They also confirmed their willingness to cooperate and coordinate with other teams that secure a mandate to develop LUNC. As a result, the LUNC community has shown a positive response so far, leaning towards voting in favor of the proposal.
According to CoinMarketCap data, Terra Classic owns experienced Decreased by 1.65% over the last 24 hours. It currently occupies the 75th position and has a live market capitalization of $537,523,209. The circulating supply of LUNC coins is 5,822,833,985,154, with no maximum supply specified.
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