The Terra Classic (LUNC) community is at a crossroads. Proposal 12093, currently under vote, proposes the establishment of a dedicated development team funded directly by the community pool. This vote could significantly impact the future trajectory of the LUNC blockchain.
Filling the Development Void
The disbandment of the Joint L1 Task Force (JL1TF) earlier this year left a leadership gap in LUNC’s development. Proposal 12093 seeks to address this by creating a community-appointed team responsible for spearheading advancements on the Terra Classic chain. These developers and key contributors would receive a monthly salary.
The specifics of team structure, responsibilities, and salaries will be ironed out in future discussions and proposals via the Terra Luna Classic community platform, Commonwealth. If the initial proposal fails to pass, the parameters will be revised for another vote.
The proposal has garnered significant support, with 82% of votes in favor at the time of writing. However, there are concerns. Some community members fear this might lead to centralization and potential conflicts with project-based developer payments. Stricter developer KYC (Know Your Customer) requirements have also been proposed.
Price Bump Amidst Voting Frenzy
Interestingly, LUNC’s price has seen a 14% increase in the last day, currently trading at $0.0001035 (as of April 16th). Whether this is directly linked to the voting process remains to be seen.
Also Read: WEEX Embraces Terra Classic with New LUNC Burn Initiative and Dedicated Landing Page
A Momentous Decision
The outcome of this vote carries significant weight for the Terra Classic project. A dedicated development team could revitalize LUNC’s development, fostering renewed energy and focus. However, it’s crucial to address the community’s concerns and ensure transparency throughout the process. This vote will be a turning point for Terra Classic, potentially shaping its future success or failure.
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