The Terra Luna Classic community has recently rejected a proposal submitted by BLV Labs, a development team working on the blockchain. The proposal, which sought funding for work on the Oracle module, was met with significant opposition from the community.
Why was the proposal rejected?
The primary reason for the rejection was the lack of tangible results, specifically the absence of testnet and mainnet deployments. While the team claimed to have worked on the code and pushed it to GitHub, the community was not convinced that the work had progressed to a sufficient level to warrant funding.
Impact on LUNC Price
Despite the rejection of the proposal, LUNC price has seen a significant surge in the past 24 hours, rising over 5%. This unexpected price increase can be attributed to several factors, including:
- Increased Investor Interest: The recent developments and increased community activity have attracted more investors to the Terra Luna Classic ecosystem.
- Potential for Future Upgrades: While the BLV Labs proposal was rejected, the community remains focused on improving the blockchain and exploring new opportunities.
- Market Sentiment: The broader cryptocurrency market has been experiencing a positive trend, which has also contributed to the rise in LUNC’s price.
Looking Ahead
While the rejection of the BLV Labs proposal may have disappointed some, it highlights the importance of transparency and accountability in the blockchain community. The community’s decision to prioritize quality over quantity is a positive sign for the long-term health of the Terra Luna Classic ecosystem.
As the project continues to evolve, it will be interesting to see how the community addresses future proposals and whether LUNC can sustain its recent price momentum.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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