New Developer Group Joins Terra Luna Classic
A developer group called Genuine Labs has offered assistance to the Terra Luna Classic community to address issues with the platform. They have submitted a development proposal for voting and plan to collaborate with the L1 teams on Terra Luna Classic.
Improving Terra Luna Classic Ecosystem
Genuine Labs aims to focus on integrating and enhancing features like IBC Hooks and Packet Forward Middleware (PFM), as well as improving testing mechanisms. The team consists of experienced developers who have worked on various projects in the crypto space.
Positive Community Response
The initial voting results show that 97% of the community members support the proposal. However, there are also some “No with veto” and “No” votes. Despite this, some validators have shown their approval.
LUNC and USTC Price Movement
The price of LUNC has increased by 3% in the last 24 hours, currently trading at $0.000161. Trading volume has also seen a 60% increase, indicating growing interest among traders. On the other hand, USTC price is up by 3% and trading volume has risen by 120% due to USTC burn proposals.
Hot Take: Genuine Labs Partnership Brings Hope for Terra Luna Classic Revival
The collaboration between Genuine Labs and the Terra Luna Classic community offers a promising opportunity for the revival of LUNC and USTC repeg. With a focus on improving key features and addressing issues, this partnership can bring valuable enhancements to the Terra Luna Classic ecosystem. The positive response from the community and increased trading activity indicate growing confidence in the project’s future. Keep an eye on these developments as they unfold in the coming weeks.
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