The cryptocurrency market has recently witnessed an exciting development as a passionate group of LUNC holders, known as the Six Samurai, presented a joint governance proposal on liquid staking derivatives for Terra Luna Classic. The Six Samurai team, consisting of senior full-stack engineers, has put forth their Q3 spend proposal, promising to work towards a true revival of the Terra Luna Classic ecosystem.
As LUNC is set to close the week with a net gain of around 1.3%, recent trends indicate the potential for challenging long-standing resistance. This optimistic outlook is further bolstered by the Six Samurai’s dedication to the development of the technology behind Terra Luna Classic. Their proposal includes a roadmap for the third quarter of 2023, which entails a total expenditure of $116,000. Plans within the roadmap include migrating from Columbus-5 to Columbus-6 and updating to the Cosmos SDK.
Furthermore, the Six Samurai aims to pursue the listing of Terra Classic on tools such as Keplr’s Web Interface – an analytic visualizations web tool – and Mintscan, a Cosmos block explorer for crypto exchanges and customers. In their proposal, the Six Samurai highlights their commitment to the success of LUNC, stating, “To accomplish a true revival of the ecosystem, we are prepared to do the hard work. We will also coordinate and cooperate with any other teams that win a mandate to dev on LUNC.”
With this proposal, the LUNC community appears to be optimistic, as reactions so far lean towards a positive response, with many users voting “Yes” for the proposal. It’s essential to consider, however, that despite the enthusiasm surrounding the proposed project, the cryptocurrency market remains unpredictable, and it is important to conduct thorough research before investing.
In other news, Ripple is powering a top Indian bank’s digital rupee project, showcasing its capacity to influence the development of more established cryptocurrencies. With these rapid advancements in the cryptocurrency world, it is vital for investors to be aware of the inherent risks associated with digital investments.
In conclusion, while the Six Samurai’s proposal for Terra Luna Classic presents an opportunity for growth, and the LUNC community reacts positively, keep in mind that market conditions and personal opinions of the author are subject to change. Always do your due diligence before investing in cryptocurrencies, and understand that the author and the publication cannot be held accountable for any personal financial losses.
Source: Coingape
