MEXCLUNC News: Terra Classic Developers Edward Kim, Zaradar Submit New Proposal
Terra Classic core developers Edward Kim and Tobias “Zaradar” Anderson have formed a new developers team called “Joint L1 Task Force”. Also, former Terra Rebels developers Edward Kim and Zaradar have released their first proposal, shared by Edward Kim on the classic agora on Saturday.
Terra Classic Developers Form New Team, Submits Proposal
Terra Classic core developers Edward Kim and Tobias “Zaradar” Anderson quit the developer group Terra Rebels after a dispute with recent funding. In fact, Terra Rebels group which had over 25 members was reduced to just 12 members.
Tobias Anderson earlier hinted that he will be working in a new group with Edward Kim and the formation of the Oversight Committee. Core developer Edward Kim in a tweet on December 24 announced the new proposal, asking the community to share comments and suggestions on the L1 task force proposal.
According to the proposal, Terraform Labs had a team of 6-8 senior L1 blockchain developers. Therefore, he proposes to hire 3 full-time L1 blockchain developers to complete tasks in the next 4 to 6 months. The team will move to more innovative and long-term advancements after finishing the pending tasks.
The proposed team will have three members from the community such as Zaradar, Edward, and Till. The proposal noted that these contributed significantly to the revival of Terra Classic. It includes re-enabled staking, re-enabled delegation, and introduced burn tax. Additionally, a part-time assistant and two junior developers will be required.
The total budget for the first quarter of 2023 is $141.75k. This would be about 0.991 billion LUNC tokens. Notably, the distribution of payments will happen monthly after approval from the Oversight Committee, and approval from Terra Grants Foundation signers of the multisig.
The detailed proposal was supported by Terra Classic influencers such as ClassyCrypto, Crypto King, and Cryptifer. Moreover, the Terra Classic community appreciates the proposal.
LUNC price is also increasing in the last 24 hours as fear subdues in the community. The LUNC price is currently trading at $0.0001459, up nearly 6% in the last 24 hours.
Also Read: What’s Pumping Terra Classic (LUNC) Price?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal 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.
Related Articles
- Strategy Raises $715M to Buy More Bitcoin Through New Preferred Stock
- JPMorgan Reveals $340M BlackRock Bitcoin ETF Bet Amid Crypto Treasury Decline
- Arthur Hayes Bets Big on Zcash as It Tops $10B and Surpasses Hyperliquid
- Kalshi Sees Nearly 50-Day Shutdown As Bitcoin Now Mirrors Nasdaq
- Breaking: Crypto Market Structure Bill Faces Delay Amid U.S Senate Drafting Issues
- NEAR Protocol Price Surges 37% as Open Interest Jumps 59% — Is $5 the Next Target?
- Can Ethereum Price Break Below $3k as Exchange Reserves Hit Record Lows?
- Avalanche Price Nears 60% Jump Ahead of Granite Upgrade as AVAX Burn Rate Jumps
- Bitcoin Price Crashes Below $100K: What’s Driving the Drop?
- Zcash Price Surges 24% as November 2025 Halving Hype Grows – Is $1,000 Next?
- Shiba Inu Price Soars 5%: Is SHIB About to Erase Another Zero?
