After a joint proposal to manage liquid staking derivatives in Terra Classic (LUNC), a new proposal has emerged for the next quarter that proposes the formation of a dedicated team made up of six senior full- stack engineers.
The Terra Allies senior full stack engineering team – known as the “Six Samurai” – presented their Q3 spending proposal, highlighting their deep passion as LUNC holders. With a firm commitment to achieving “a true revival of the ecosystem,” the team pledged to dedicate their efforts and expertise to this goal.
Terra was originally an ecosystem with many moving parts. However, the TerraUSD (UST) stablecoin and LUNA asset faced disaster in 2022, causing several changes to the project. Terra now has a new blockchain called Terra 2.0 with a new asset also called LUNA but commonly referred to as Terra (LUNA2).
In May 2022, the genesis block of the new chain was launched to facilitate future transactions and the original Terra chain was rebranded as Terra Classic.
Presenting a detailed plan for the third quarter of 2023, the team proposed a budget of $116,000. The roadmap includes key milestones such as migrating from Columbus-5 to Columbus-6 and upgrading to the latest Cosmos SDK.
Additionally, their roadmap includes maintaining the Terra Classic listing on Keplr’s web interface, a web tool for analytic visualizations, and Mintscan, a Cosmos block explorer catering to crypto exchanges and customers.
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In their proposal, the group expressed the willingness to make the necessary efforts to achieve a real revitalization of the ecosystem. They also emphasized their willingness to collaborate and coordinate with other groups that will get a mandate to develop LUNC. Consequently, the LUNC community has shown a positive response so far, counting on voting in favor of the proposal.
According to CoinMarketCap data, LUNC has decreased by 1.65% in the last 24 hours. It currently holds the 75th position and has a live market capitalization of $537,523,209. The circulating supply of LUNC coins is 5,822,833,985,154, with an undetermined maximum supply.
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