The L1TF core developer and Terra Classic Coalition (TCC) are suggesting a revolutionary change for Terra Luna Classic (LUNC) with a new pay-per-job system. This proposal seeks to transform how users are rewarded for their contributions within the Terra Luna Classic network.
L1TF, the core developer, and Terra Classic Coalition (TCC) have proposed a concrete implementation plan for the approved pay-per-job model in Terra Luna Classic. This model shifts from a monthly payment system to compensating tasks like chain upgrades and maintenance on an individual job basis, representing a notable transformation in how contributions are rewarded in the Terra Luna Classic network.
Pay-Per-Job Model for Terra Luna Classic Sparks Debate
On December 15, the core developer L1TF and the Terra Classic Coalition (TCC) put forth a practical plan for Terra Luna Classic’s new pay-per-job model. However, concerns surfaced as Proposal 11889 lacked essential details, such as guidelines and review costs for job deployment.
Under the proposed method, the pay-per-job model will be managed on classic-terra Github, with any future adjustments subject to governance decisions. Job listings can be text proposals or direct negotiations with maintenance members, requiring bidders to submit valid KYC certification or KYC to the committee.
This process involves a committee reviewing and approving or denying requests, with validator participation being optional. Jobs are categorized into four tiers, with costs ranging from $10,000 to $50,000.
To enhance decentralized development on Terra Classic, TCC collaborated with GenuineLabs, establishing communication channels for effective synergy.
Despite these efforts, the proposal faced community opposition due to perceived risks of centralization, increased costs, deviation from open-source blockchain principles, and potential threats to security.
Recent Price Movements of LUNC and USTC Tokens
The price of Terra Luna Classic (LUNC) has experienced a marginal decline of over 1% in the last 24 hours, currently settling at $0.000173. The day’s trading activity has seen fluctuations within the range of $0.000171 to $0.000191. Although there is a slight uptick in trading volume during this period, the overall movement remains relatively subdued.
Concurrently, the USTC token is currently trading at $0.039, indicating a 1% decrease attributed to substantial profit booking. The token’s 24-hour trading range oscillates between $0.0391 and $0.0435. Despite the dip in price, the trading volume has only witnessed a modest 5% increase over the past 24 hours.
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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