The Terra Luna Classic (LUNC) community has overwhelmingly approved a proposal granting them access to control panels for LUNC and USTC listings on CoinMarketCap and potentially other platforms. This move comes as Terraform Labs (TFL), the bankrupt company behind the original Terra blockchain, is set to relinquish control of these dashboards by the end of October.
Proposal 12141, titled “Dealing with CoinMarketCap and other listings,” sought community approval to obtain the necessary access to ensure accurate and up-to-date information for LUNC and USTC. TFL, the only entity currently holding the keys to these dashboards, is unlikely to make further updates after October 31st. This could have resulted in outdated information displayed on CoinMarketCap and other platforms impacting user perception and potentially hindering the project’s future.
The proposal addressed this concern by proposing to gain access to CoinMarketCap dashboards, allowing the community to maintain control over crucial information such as website links, social media handles, and other relevant details displayed for LUNC and USTC.
The community overwhelmingly supported the proposal, with a staggering 99.95% voting in favor. Key validators within the Terra Luna Classic ecosystem, including Interstellar Lounge, JESUSisLORD, LUNCLIVE, moonshot, and Community First LUNC, all cast their votes in favor of the measure.
This development has been met with positive sentiment within the LUNC community. The price of LUNC experienced a 2% increase in the last 24 hours, currently trading at $0.0000929. Trading volume also surged by 15% over the same period, indicating renewed interest from traders.
Also Read: Terra Luna Classic Price Prediction: Could $60M AVAX Buyback Send LUNC Soaring?
However, it’s important to note that the community won’t have complete control over the entire Terra ecosystem. While they can now manage CoinMarketCap listings, TFL is unlikely to cede control of the terra.money domain or the official Terra Money X social media account.
The proposal outlines Allnodes as a temporary custodian of the access rights and agreements. Allnodes will be responsible for implementing any changes approved by the Terra Luna Classic governance and relinquishing control when instructed to do so in the future.
This move by the Terra Luna Classic community demonstrates their commitment to taking ownership of their project’s future. While challenges remain, gaining control of crucial information platforms is a significant step forward for a community determined to rebuild trust and revitalize the Terra Luna Classic ecosystem.
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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