Terra Luna Classic Community To Reform L1TF
The Terra Luna Classic community is currently focusing on reforming the Joint L1 Task Force (L1TF) core developer team. Two proposals have been put for voting on the Station platform to establish a transparent and effective governance structure within Terra Luna Classic. This move comes in response to a closed-door agreement between L1TF and Hexxagon, a new team consisting of former Terra Rebels members. The proposal aims to realign the current L1 team with governance.
Key Points:
- Proposal 11685, “Realignment Of The Current L1 Team With Governance (Revised Final) HCC,” has received support from the Terra Luna Classic members and validators.
- The proposal currently has 55% votes in favor and 42% votes against, with some voters abstaining.
- The L1TF is responsible for upgrades, maintenance, and other aspects of the Terra Luna Classic chain.
- Validators including HappyCattyCrypto, Classy’s Sphere, and Coinpayu support the proposal, while validators like JESUSisLORD, Mr. Diamondhandz1’s LUNCLIVE, and Fragwuerdig’s frag_node have voted against it.
- Closed-door negotiations between L1TF and Hexxagon for community-owned developments will be halted if the proposal is passed.
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$LUNC Has Been Plagued By Development Teams That Have Ignored The Voice Of The People
Today, I vote “Yes” on the Controversial proposal 11685. You must follow governance. To not abide by governance is to ignore the will of the people. Classy’s Sphere is the community.
Proposal 11700 and Potential Impact on Prices
Another proposal, Proposal 11700, aims to halt funding for the developer teams and find a new project manager for L1TF. It also requires L1TF to create a vision with a development roadmap for transparency and adoption. Currently, the LUNC price trades at $0.000077, showing a 0.5% increase in the past 24 hours. However, the trading volume has decreased. The USTC price has fallen 1% to $0.015 in the past 24 hours. If these proposals pass, prices are expected to fall unless the community supports an upside move.
Hot Take:
The Terra Luna Classic community’s focus on reforming the L1TF developer team through these proposals shows their commitment to transparent and effective governance. The support received for Proposal 11685 indicates a desire for realignment and community ownership. However, the opposing votes from key validators highlight potential divisions within the community. The outcome of these proposals will have a significant impact on the future of Terra Luna Classic and its associated projects.
