Terra Luna Classic Votes On Key Proposal, LUNC Rebound Happening?

Terra Luna Classic votes on a governance proposal to create an independent community website. The website would be modeled along Bitcoin.org, integrating design processes and concept workshops. Recently, the network has garnered positive news as the users intend to rebound after previous lows.

Terra Luna Classic Votes on Website

A new vote proposal is underway within the community to create a website that will be community, educational, decentralized, and able to compete with other websites from blockchains.

“This proposal aims to create an independent and dedicated Terra Classic website inspired by the Bitcoin.org model, using professional and proven design processes that start with concept workshops, Key visual design, building an MVP (minimum viable product) type of website, and ending with the design of the final website.”

At press time, 14.22% of the community voted in favor of the proposal while 28% voted in negative. 46% of the community are yet to vote. However, there are still five days remaining on the countdown as users access the benefits of this proposal in the wider ecosystem.  According to the release, the proposals were borne out of a lack of a comprehensive website since the Terra 2022 implosion leading to a loss of metrics. 

The community is without a website that offers comprehensive information on Terra Luna Classic and encourages developers to build on the network with links from third parties like CoinGecko and CoinMarketCap. The lack of these has led to the loss of trading to Terra Luna Classic.

Platform See Positives

In recent weeks, Terra Luna Classic has recorded positive news ranging from price upticks and a recent burn with huge support. Crypto exchange Binance is supporting the community by burning 62 billion LUNC tokens creating a frenzy as users eye a rebirth of USTC. LUNC staking ratio has also neared its all-time high of above 15%. At press time, USTC has soared 21.7% in the last 24 hours to trade at $0.02002. 

Also Read: Bitcoin Price Tops $65K, Here’s Why BTC Rally Is Poised To Continue