Terra Luna Classic Debit Card Proposal

Terra Luna Classic Debit Card Proposal


The Terra Luna Classic Community Votes on Decentralized Debit Card Proposal

The Terra Luna Classic community is currently voting on Proposal 11750, which aims to introduce a decentralized debit card to the ecosystem. The proposal lacks details on how the debit card will be developed, but it has the potential to increase utility and burns.

Main Key Points:

  • A new validator has proposed the idea for a decentralized debit card focused on LUNC.
  • The proposal is currently up for voting on the Station wallet.
  • The debit card would allow users to spend money in various establishments, but specific details are lacking.
  • Investing in and promoting new validators through the debit card could enhance the community’s experience.
  • Current voting shows a majority of 96.33% in favor of the proposal.

Terra Luna Classic Developers Prepare for Core Upgrade

The L1 Terra Classic Task Force (L1TF) is finalizing preparations for the v2.2.0 core upgrade. This upgrade includes various updates, such as cosmos SDK upgrade, tendermint migration to CometBFT, and IBC-go to v6. The proposal will soon be up for governance voting.

Hot Take

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The introduction of a decentralized debit card to the Terra Luna Classic ecosystem has the potential to bring back utility and increase on-chain transactions. However, more details are needed to fully understand how this proposal will be implemented. The community’s overwhelming support for the proposal shows a strong desire for new solutions and enhancements within the ecosystem.

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