NewsletterLUNC DAO CEO Accuses Do Kwon Of Creating LUNC DAO
LUNC Coach Bruce Wrangler accuses Terra founder Do Kwon of creating community validator LUNC DAO. He believes Do Kwon created the LUNC DAO as a way to repair his reputation. However, Terra Rebels’ lead developer Edward Kim and other members have supported LUNC DAO.
Is LUNC DAO Created by Do Kwon?
LUNC DAO in a tweet on November 8 revealed that LUNC DAO member Coach Bruce Wrangler alleges Do Kwon of creating the community validator LUNC DAO. Bruce Wrangler believes it is a campaign to repair Do Kwon’s reputation. Terraform Labs (TFL) spinoff into multiple groups with the intent to re-establish trust and control of both LUNC and LUNA blockchains.
LUNC DAO member Coach Bruce Wrangler recommends people to undelegate from LUNC DAO and unstake Terra Classic (LUNC) with the validator. He said the allegations are based on his research on the money trail between TFL, LFG, and LUNC DAO. Moreover, he tracked LUNC DAO and Do Kwon’s Twitter activity and found several similarities.
However, Edward Kim and members of Terra Rebels have spoken in support of LUNC DAO. Moreover, Edward Kim said validators LUNC DAO and PFC played a crucial and significant role in updating the chain for staking and helping with the ‘dragon berry’ patch.
Meanwhile, LUNC DAO has rejected these false allegations. LUNC DAO said the team has stood against Bruce Wrangler and his inappropriate humor for the past 6 months. LUNC DAO believes it’s important for the LUNA and LUNC communities to come together and bring back utility. Recently, LUNC DAO shared messages with Do Kwon to come back and work together on Cosmos and other developments.
Terra Classic Price Struggles to Rise
Terra Classic (LUNC) price continues to fall amid market pressure and happenings in the community. The LUNC price struggles to rise about the $0.00025 level. At the time of writing, LUNC price is trading at $0.00022, down over 5% in the last 24 hours.
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