The Terra Classic Community Is Still Split Over A Crucial Proposal; Will LUNC Prices Drop?
The Terra Classic community experienced a drama during the voting process for Terra Rebels developer group's Proposal 11459. The proposal from the well-known developer group was almost approved, but validator Allnodes, who had 15% of the vote, cast the deciding "No" vote and swung the tide in favor of Terra Rebels.
Some people think that the current conflict between Terra Rebels and Allnodes is to blame for this. Having only gotten 30% of the vote in favor and receiving more than 60% "No" and "Abstain" votes, the proposal will not succeed.
In a tweet on April 15, Allnodes stated that it had voted "No" on Proposal 11459 because Terra Rebels had not been transparent about the nodes it had deployed or the requests it was handling. The developer community exchanged information regarding servers and nodes managing scalability and distributed storage. Allnodes retorted that they would embrace the idea if the "TFL team tests and confirms endpoint scalability."
I appreciate the prompt response. After the TFL team tests and verifies endpoint scalability, we will support the idea. Community is paramount.
15 April 2023 — Allnodes (@Allnodes)
Terra Rebels is requesting $37,593 in LUNC tokens from the public pool, with $7,593 going toward operating expenses and $30,000 going toward salaries. For three months, the money will aid with Rebel Station Infrastructure's operating expenses and technical support.
The proposal received "No" votes from a number of validators, including Allnodes, StakeBin, LUNC DAO, TerraCVita, and Luna Station 88. In the meantime, the plan was supported by Orion, NITAWA, JESUSisLORD, MAX, and Stakley.io.
Price of Terra Classic (LUNC) Lacking Momentum
As core developers Ed Kim and Tobias "Zaradar" Andersen quit the Joint L1 Task Force developer team, the Terra Luna Classic community is experiencing a mild crisis. The Terra Grants Foundation (TGF) and the development group are disintegrating.
The most recent Proposal 11463, "Expanded & Finalized L1 Task Force [v3] (Q2 2023)," which sought financing to continue Terra Classic blockchain development, updates, and maintenance with a different team, was rejected by the community.
The price of LUNC dropped 2% in the previous day and is now $0.000127. The low and high values over the past 24 hours are $0.000126 and $0.000130, respectively. In addition, the trading volume has dropped by 25% during the past 24 hours, suggesting that traders are becoming less interested.