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Following a joint proposal to manage liquid derivatives at Terra Luna Classic (LUNC), there is a new proposal for the next quarter proposing the formation of a dedicated team consisting of six senior full-stack engineers.
Terra Allies’ senior engineering team, known as Six Samurai, has submitted their third quarter spending proposal, highlighting their deep interest as LUNC holders. With a firm commitment to achieving “true ecosystem regeneration”, the team is committed to channeling its efforts and expertise towards this goal.
Terra is a blockchain protocol that uses fiat-pegged stablecoins to provide price stability to global payment systems. Terra combines the price stability and widespread adoption of fiat currencies with the censorship resistance of Bitcoin (BTC) and offers fast and affordable settlements.
In May 2022, the original block of a new network for conducting future transactions called Terra (LUNA) was launched, and the original Terra network was renamed Terra Classic.
Presenting a detailed plan for the third quarter of 2023, the team proposes a budget of $116,000. Their L1 roadmap includes important milestones such as moving from Columbus-5 to Columbus-6 and updating to the latest Cosmos SDK.
In addition, their roadmap includes bringing Terra Classic to the Keplr web interface, a web-based analytics visualization tool, as well as Mintscan, a Cosmos block explorer serving cryptocurrency exchanges and clients.
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In their proposal, the team expressed its willingness to make the necessary efforts to achieve a genuine revival of the ecosystem. They also stressed their willingness to cooperate and coordinate with other teams mandated to develop LUNC. As a result, the LUNC community has reacted positively so far, leaning towards voting in favor of the proposal.
Terra Classic is down 1.65% in the last 24 hours, according to data from CoinMarketCap. It is currently ranked 75th and has a real market capitalization of $537,523,209. The number of LUNC coins in circulation is 5,822,833,985,154, with no maximum number specified.