MEXCLUNC 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.
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.
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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