LUNC News: Terra Luna Classic Passes Key Proposal Ahead of Upgrade

Varinder Singh
December 13, 2024 Updated December 14, 2024
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LUNC News: Terra Luna Classic Passes Key Proposal Ahead of Upgrade

Highlights

  • Terra Luna Classic community to update LUNC and USTC board on CoinMarketCap.
  • The proposal was passed amid final voting, but low participation in governance voting raises concerns.
  • LUNC and USTC prices trading sideways ahead of the major v3.3.0 chain upgrade.

LUNC News: Terra Luna Classic has passed a major proposal to update the CoinMarketCap dashboard with valid details. This comes ahead of the major v3.3.0 upgrade related to simplifying tax handling and increasing utility.

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Terra Luna Classic CMC Dashboard Update Proposal Passed

Proposal 12147 to update Terra Classic dashboard on CoinMarketCap passed as it surpassed the pass threshold. Most Terra Luna Classic community members supported the proposal as it could increase the visibility and accessibility of the ecosystem for existing and new investors.

As per current voting details, nearly 217 delegators and 31 validators are in favor of the proposal. The overall voting indicates more than 52% “Yes” votes, with a significantly high “Abstain” votes of 37%. Some members of Terra Luna Classic community including validator HappyCattyCrypto believe the links on CMC are centralized, they do not include any of the key metrics or tools on LUNC.

The LUNC community approved proposal to transfer access to top validator Allnodes, it now has ability to implement changes to LUNC and USTC details on CoinMarketCap.

“The updated dashboard will highlight the most relevant and crucial technical resources to support growth, transparency, and community engagement,” as per the proposal.

The community aims to include links for Galaxy Finder, Galaxy Station, Terra Classic Documentation, GitHub Repository, and Commonwealth Forum.

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What’s Next for LUNC and USTC Prices?

Terra Luna Classic will carry out the major v3.3.0 upgrade on December 17. The upgrade introduces a new simplified tax handling. Also, it will help boost utility on the Terra Luna Classic, removing barriers for developers and dapps seeking to build on the chain.

Meanwhile, LUNC price is trading at $0.0001319, trading sideways in the last 24 hours. The price is trading between the $0.00012 support level and $0.00018 resistance level. As CoinGape reported earlier, a breakout above the resistance level will trigger an XRP-like rally.

Also, USTC price fell more than 1% on profit booking, with the price currently trading at $0.02413. The 24-hour low and high are $0.02408 and $0.02492, respectively.

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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.

About Author
About Author
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.
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.