In the midst of a wave of changes affecting the Terra Classic (LUNC) ecosystem, an ongoing concourse over two critical proposals continues to stir within its community’s conversations. One affecting LUNC’s future profoundly involves the correction of an unintentional 0% validators’ commission rate following a recent main-net upgrade, while the other centers around affirming recognition and financial support for top-tier infrastructure provider, Allnodes.
Firstly, a proposed v2.2.2 soft fork promises to revise the zero percentage commission rate that inadvertently resulted from a preceding upgrade. The urgency for these changes has been underscored by dedicated community members such as Till Ziegler, who previously worked with the LUNC Joint L1 Task Force. However, the preliminary opinion within the community seems divided with a huge tilt towards rejection, 76.49% votes against the fork versus 22.43%.
Simultaneously, Allnodes, the steadfast problem-solver of Terra Luna Classic, awaits its fate as its unwavering devotion and dedicated services rendered free is up for community review. A running proposal emphasizes the salience of recurring compensation for trustworthy endpoint providers like Allnodes, suggesting optional monthly installments of 150M LUNC. Unfortunately, the winds are against Allnodes as well, with 60.7% of constituents voting down the proposal compared to 38.89% in support.
Despite these challenges, Terra Classic persists in resistance, with an incremental 5% in LUNC price amidst the ongoing discourses. However, a technical examination of its recent price increment signposts a forthcoming retraction. While key support from the 20DMA positions LUNC for a break-out of the trading channel, the RSI points at an impending retraction process triggered by an overheated market.
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Source: Cryptonews
