Altcoin News

Terra Luna Classic To Expedite Community-Owned Station Wallet Infrastructure, LUNC Jumps

Terra Luna Classic validators looks to prioritize building wallet infrastructure by Joint L1 Task Force and prevent privatization.
Published by
Terra Luna Classic To Expedite Community-Owned Station Wallet Infrastructure, LUNC Jumps

Terra Luna Classic core developer Joint L1 Task Force (L1TF) submitted a proposal to create a community-owned wallet, which will be managed by the Terra Luna Classic (LUNC) community through governance. LUNC validator Happy Catty Crypto has submitted a similar proposal for voting to prioritize building wallet infrastructure and prevent privatization.

Advertisement

Terra Luna Classic L1TF to Develop Community-Owned Wallet

Happy Catty Crypto’s Proposal 11630L1 Team To Build Wallet Infrastructure” submitted for voting has receiving support from the community. Until now, the proposal has almost 72% “Yes” and 28% “No” votes, with validators such as Happy Catty Crypto, T.MOM, and Classy’s Sphere favoring the proposal. The voting deadline is July 14.

The proposal recommends professor Edward Kim, a trusted figure in the community, to be responsible for the domain and other controls of infrastructure. The Joint L1 Task Force will develop the community-owned wallet free of charge. Costs such as domain registration and hosting can be used from Joint L1 Task Force’s compute budget.

As Happy Catty Crypto’s proposal is based on L1TF proposal, the developer team will create a Terra Luna Classic community-owned web version of Station, iOS & Android mobile apps, and Chrome browser extension. However, changes are prioritizing the development of the wallet and its infrastructure, as well as establishing an L2 team dedicated to managing all aspects of the wallet.

Similar to L1TF, validators and community believes privatization and reliance on TFL must reduce to improve reliability and uptime of Station. Many members argues the community should stop funding Terra Rebels’ for Rebel Station and infrastructure.

Also Read: Shiba Inu’s Shibarium Release Fuels BONE Price 35% Rally, Eyes $3 In Weeks

Advertisement

LUNC Price Jumps Above Support

LUNC price jumped 4% in the past 24 hours, with the price currently trading at $0.000083. The 24-hour low and high are $0.0000799 and $0.0000853, respectively. Terra Luna Classic fell below key support amid a recent pullback in the broader crypto market.

However, the US jobs data and developer Edward Kim launching AI app chain Block Entropy’s AI Playground resulted in a recovery. The next target price is $0.000090.

Also Read: Ripple (XRP), Cardano (ADA) Lead Crypto Community To Lambast Ex-SEC Chair Jay Clayton

Advertisement

Share
Varinder Singh

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.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and 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.
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.

Recent Posts

  • News

Senators Reaffirm Commitment to Market Structure Bill After Meeting with Coinbase, Ripple

Senate Democrats and Republican lawmakers have ended separate roundtable meetings focused on the Crypto Market…

October 23, 2025
  • News

How the Crypto Market Could React to the Next Fed Meeting on October 29?

The crypto market has, for a while now, been pricing a potential 25 basis points…

October 23, 2025
  • News

$1.68 Trillion T. Rowe Price Files for First Active Crypto ETF Holding BTC, ETH, SOL, and XRP

Rowe Price has filed for its first actively managed crypto exchange-traded fund (ETF). It is…

October 22, 2025
  • News

Standard Chartered Predicts Bitcoin Could Drop Below $100K Amid U.S.–China Trade Tensions

Standard Chartered analyst Geoff Kendrick has predicted that the Bitcoin price could suffer a significant…

October 22, 2025
  • News

Rising Demand for Verifiable Crypto Ownership Drives Launch of Trezor Safe 7

Crypto ownership is a topic that has been discussed across major forums globally in the…

October 22, 2025
  • News

Robinhood Lists Binance Coin as BNB Outperforms BTC, ETH, SOL YTD By Over 30%

Crypto exchange Robinhood has listed the Binance coin for spot trading for its U.S. customers.…

October 22, 2025