Terra Luna Classic Devs TCC And L1TF Releases Pay Per Job Implementation Plan
Core developer L1TF and the new developer group Terra Classic Coalition (TCC) have proposed a practical implementation of the pay-per-job model that the Terra Luna Classic community passed through governance voting. Terra Luna Classic switched from a monthly pay model to a pay-per-job model for tasks including chain upgrades, maintenance, infrastructure management, and others.
L1TF and TCC On Terra Luna Classic Pay-Per-Job Implementation
L1TF and Terra Classic Coalition (TCC) on December 15 came up with a practical implementation of the new pay-per-job model of Terra Luna Classic. The developer groups believe Proposal 11889 lacks many details for a practicable implementation plan including guidelines and costs for review and deployment of a job.
As per the recommendation, developers want the pay-per-job model to be maintained on classic-terra Github, with future changes through governance. The job listings can be either text proposals or direct talks with the maintenance party members. The bidders are required to provide valid KYC certification or KYC to the committee.
This will again need a committee to approve or deny the requests, with validator participation made voluntary. The job tiers are divided into four with costs from $10,000 to $50,000.
“In order to coordinate decentralized development efforts on Terra Classic, TCC has made contact with GenuineLabs and established common communication channels to ensure all synergies can be used as efficient as possible.”
The proposal is opposed by the community as it risks centralization, increases costs, contradicts open-source blockchain purpose, and threatens security.
Read More: Terra Classic Validator Proposes Legally Absolved Route To Burn 800 Million USTC
LUNC price fell more than 1% in the last 24 hours, with the price currently trading at $0.000173. The 24-hour low and high are $0.000171 and $0.000191, respectively. Furthermore, the trading volume has increased slightly in the last 24 hours.
Meanwhile, USTC price trades at $0.039, down 1% after massive profit booking. The 24-hour low and high are $0.0391 and $0.0435, respectively. Moreover, the trading volume increased merely 5% in the past 24 hours.
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