LUNC News: Terra Luna Classic Initiates Spend Proposal To Reward Developers

The Terra Luna Classic (LUNC) ecosystem is about to vote for another proposal. This time, the proposal made known on X by Juris Lunc Validator will seek to reward developers for ongoing work in the ecosystem. The new voting request hinges on ‘Frag’ ‘s direct contributions to Proposals 12165 and 12166 for providing essential audit work.

The Latest Terra Luna Classic Proposal

Beyond the audit tasks conducted by Frag, the developer also reportedly made development contributions to promote LUNC. Per the background offered, Proposal 12165 will introduce a model for a SubDAO system to boost the community’s say in the protocol’s governance.

Proposal 12166 will help create a vesting mechanism for actual fund disbursement. The work done by Frag came in to ensure the security and integrity of the proposals upon implementation.

The current proposal seeks to pay the developer 1,420 EUR, which will be paid in LUNC. To justify the move, the proposal’s sponsors noted that the Terra Luna Classic community thrives on fairness. In addition, the ecosystem needs to maintain its trust and integrity overall. 

As noted, the Proposal is up for voting with the community’s support solicited.

Terra Classic Community and Proposals

Historically, the Terra Classic Community has not been as united as expected. Earlier this month, the SubDAO proposal was put to a vote to boost the ecosystem’s decentralization. Despite the intentions behind this move, a top validator flagged the LUNC proposal, noting it can cause the opposite of what is intended.

The SubDAO Proposal was later vetoed, coming off as one of the demands passed via this route. This proposal has also drawn criticism from some community members, especially against top validator Vegas.

Regarding the proposal, Vegas noted that he supports paying anyone who worked to advance the chain. He denied having any professional ties to Frag, the potential beneficiary of the proposal.

LUNC Price Outlook

Beyond the general market outlook, updates from the Terra Luna Classic ecosystem are known to impact the price of LUNC generally. At the time of writing, the coin was changing hands for $0.00006483, up by 1.2% in 24 hours.

In an earlier LUNC burn update, the prospect of a price breakout came as the community crossed the 405 billion milestone. Terra Classic remains a very fragile project with a defined growth pathway.

Since the collapse of the Terra protocol in May 2022, the attempt to restore LUNC and USTC has faced many strains overall. Despite this outlook, proponents believe LUNC to $0.01 in the long term is possible.