Terra Luna Classic community proposes a debit card to increase the utility of LUNC tokens.
The Terra Luna Classic (LUNC) community is proposing a debit card that would allow people to use their LUNC tokens to make everyday purchases. The proposal has received a lot of support, with over 96% of voters in favor.
If the proposal is approved, the debit card could be launched in the near future. This would be a major step forward for the LUNC community, as it would make it easier for people to use their LUNC tokens and increase the utility of the token.
Terra Luna Classic community votes on a new proposal to introduce a decentralized debit card to the Terra Luna Classic (LUNC) ecosystem
— BTC (@btc1crypto) August 31, 2023
LUNC price continues to trade sideways amid mixed signals from the broader crypto market.
The price of LUNC has been trading sideways in recent days, as the broader crypto market has given back some of its recent gains. LUNC is currently trading at $0.00006391, down 1.34% in the past 24 hours.
Terra’s developer L1 Terra Classic Task Force is preparing to upgrade the network to v2.2.o.
The L1 Terra Classic Task Force has completed the preparation work for the v2.2.o upgrade of the Terra Luna Classic network. The upgrade is expected to be implemented after the community approves the governance proposal.
Terra Classic core upgrade v2.2.0 announcement:https://t.co/pjdXB5vt7d
It will include new cosmos-sdk, migration to cometbft, ibc v6 and many governance – approved logic.
We are immensely grateful for community continued support and enthusiasm.#LUNC
— 🇻🇳⚛️The Vinh Nguyen⚛️🇻🇳 (@TheVinhNguyen4) August 29, 2023
Terra Luna Classic is also proposing two other important changes to the network:
- Increasing gas fees by 2x.
- Reducing the staking undelegation period from three weeks to two weeks.
These changes are designed to improve the security and efficiency of the Terra Luna Classic network.
Overall, the Terra Luna Classic community is continuing to build and improve the network, with a focus on increasing the utility of LUNC tokens and improving the user experience.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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