Terra Allies’ Six Samurai team is focusing on reviving the Terra Luna Classic (LUNC) ecosystem with their Q3 spend proposal, revealing their determination as LUNC holders. The six-member senior full-stack engineering team aims to achieve a “true revival of the ecosystem,” by dedicating their expertise to this goal.
Terra is a blockchain protocol that utilizes fiat-pegged stablecoins for powering price-stable global payment systems. Combining the price stability and adoption of fiat currencies with the censorship resistance of Bitcoin (BTC), Terra offers fast and affordable settlements. In May 2022, the new chain’s genesis block was launched as Terra (LUNA), and the original Terra Chain was rebranded as Terra Classic.
Presenting a detailed Q3 2023 plan, the team proposes a $116,000 budget with crucial milestones, such as migrating from Columbus-5 to Columbus-6 and upgrading to the latest Cosmos SDK. They also plan to pursue the listing of Terra Classic on Keplr’s Web Interface, a tool for analytic visualizations, and Mintscan, a Cosmos block explorer catering to crypto exchanges and customers.
The Six Samurai have expressed their readiness to undertake efforts to accomplish a genuine revival of the ecosystem and collaborate with other teams that secure a mandate to develop LUNC. The LUNC community thus far has shown a positive response, leaning towards voting in favor of the proposal.
As per CoinMarketCap’s data, Terra Classic’s market capitalization is currently at $537,523,209 USD, holding the 75th position. The circulating supply of LUNC coins stands at 5,822,833,985,154. In the past 24 hours, Terra Classic has experienced a 1.65% decrease.
In conclusion, the Terra Allies’ Six Samurai team’s ambition to revive the Terra Luna Classic ecosystem shows dedication and passion towards innovation in the blockchain space. With a comprehensive plan and roadmap, as well as collaborations with other teams, they aim to make noticeable improvements within the LUNC ecosystem and beyond.
Source: Cointelegraph
