LUNC News: Proposal To Remove Core Dev “Zaradar”; 50B Terra Luna Classic Burn

LUNC News: Terra Luna Classic community's total LUNC burn reaches near 50 billion; voting on proposal to remove core developer Zaradar.
By Varinder Singh
Updated September 17, 2024
Terra Luna Classic LUNC Price

LUNC News: The Terra Luna Classic community currently votes on a proposal to remove developer Tobias “Zaradar” Anderson from the Joint L1 Task Force developer group.

Meanwhile, validators and projects continue to burn large amounts of LUNC tokens to push total burn towards the 50 billion mark.

Advertisement
Advertisement

Proposal To Remove Zaradar

Proposal 11383 “Remove Zaradar from L1 in Q2” has been submitted for voting recently. The proposal aims to remove one of the core developers Tobias “Zaradar” Anderson from the Joint L1 Task Force.

The proposal claims Zaradar on the Joint L1 Task Force doesn’t benefit the Terra Luna Classic chain and should be replaced with another entity in Q2. It also alleges that working on the chain requires professionalism, not just coding skills.

Alex Forshaw, one of the key people behind the Terra Classic Revival Roadmap, said:

“Zaradar values his personality cult over everything else, especially educating the community, and isn’t fit to lead the community Ed is on a temporary sabbatical and won’t be around for that much longer (9 months or so).”

Tobias Anderson responded by rejecting the statements in the proposal and will continue working on the LUNC developments. Classy Crypto calls the proposal “immature” and LUNC DAO says “it is the most pathetic approach of all.”

Until now, the proposal has received 56.74% “No” and 42.88% “No with Veto” votes. It indicates the Terra Luna Classic community support Zaradar. Validators including LUNC DAO, TCB @THORmaximalist, Classy’s Sphere, CryptoKing Burn And Build, lunc_nymph, and others have voted against the proposal.

Advertisement
Advertisement

LUNC News: 54 Million Terra Classic LUNA Burn

Meanwhile, the Terra Luna Classic community’s total LUNC burn reaches nearly 50 billion. Cremation Coin burned 52 million LUNC tokens, with the total burn reaching over 93 million. Binance recently burned 8.85 LUNC tokens, bringing back its LUNC burn mechanism.

Moreover, LUNC DAO also continues to burn LUNC tokens weekly by sending 1.68 million LUNc tokens to the burn address.

LUNC price is trading at $0.0001428, down 2% in the last 24 hours and 14% in a week. LUNC faces a 14% downside risk.

Advertisement
Varinder Singh
Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.