Terra Luna Classic (LUNC) And USTC Rally Continues As Key Proposal Passed

The Terra Luna Classic community has unanimously passed a crucial proposal amid efforts to revive LUNC and USTC. The proposal seeking community approval for the on-chain deployment of terrad client v2.3.1 is related to incorporating a dynamic validator commission module.

LUNC and USTC prices are skyrocketing after liquidity deployment and Binance Futures’ launching USTC perpetual contract. Binance launching new USTC trading pairs with FDUSD and TRY has further boosted traders’ sentiment.

Terra Luna Classic Proposal 11885 Passed By The Community

Proposal 11885 “Sequence Mismatch Issue Resolution” seeking community approval for the on-chain deployment of terrad client v2.3.1. Notably, this update fixes a critical issue of dyncomm ante decorator related to account sequence. The voting is still open, but the proposal has passed just in a day.

Last week, the community approved v2.3.0 to introduce dyncomm module, integrating protocol logic for determining minimum validator commissions based on voting power. However, L1TF lead Vinh Nguyen reported “a critical issue pertaining to sequence mismatch affecting some validators during commission edits. This sequence mismatch problem has led to some accounts being barred from further interaction with the chain.”

CoinGape Media earlier reported that Terra Luna Classic’s core developer L1TF officially approved dyncomm module for dynamic validator commissions.

The proposal received 99.96% votes in favor from the Terra Luna Classic community, with majority support from top validators. Among the 30 validators who currently voted, 30 voted “Yes”. This includes validators such as Allnodes, Interstellar Lounge, Orion, StakeBin, JESUSisLORD, and others.

Also Read: USTC Soars 137% After This Strategic Investment

Terra Ecosystem Tokens Sudden Rally

Meanwhile, the LUNC price jumped more than 27% in the past 24 hours, with the price currently trading at $0.00012. The 24-hour low and high are $0.0000915 and $0.0001256, respectively. Furthermore, the trading volume has increased by 20% in the last 24 hours, indicating interest among traders.

Meanwhile, the recent surge in the Terra Luna Classic price seems to be triggered by Mint Cash news and perpetual contract launch announced by Binance.

Notably, USTC price trades at $0.044, up 300% in a week. The 24-hour low and high are $0.027 and $0.052, respectively. The trading volume has also jumped massively by over 1188%.

Meanwhile, LUNA price also climbed 16% in the past 24 hours, with the price currently trading at $0.81. The 24-hour low and high are $0.69 and $0.81, respectively. However, the trading volume has decreased.

Also Read: Bitcoin (BTC) Price Volatility Ahead As Open Interest Moves in the “Danger Zone”