Right now, the Terra Luna Classic group wants to make changes to the main team of developers who work on the Joint L1 Task Force (L1TF).
The Terra Luna Classic community thinks this is a good idea. They want to improve the team that’s in charge of the Joint L1 Task Force.
Right now, the Terra Luna Classic group wants to change the main team of developers for the Joint L1 Task Force (L1TF).
They have two ideas up for voting on the Station. This is to make the way they make decisions better and more open in the Terra Luna Classic group.
This happened because the L1TF team made a private deal with a new group called Hexxagon. This new group has people who used to be part of the Terra Rebels team.
Terra Luna Classic Community Aims to Revamp L1TF
After a few days of voting, Proposal 11685 called “Realignment Of The Current L1 Team With Governance (Revised Final) HCC” is getting support from Terra Luna Classic members and validators. They want to make changes to the L1TF developer team. Right now, 55% of the votes are for the proposal, while 42% are against it. Only a few people didn’t vote or said “No.”
The L1TF team takes care of upgrades and other important things for the Terra Luna Classic chain. So, this proposal is very important and will affect projects and Dapps on the chain.
Some validators like HappyCattyCrypto, Classy’s Sphere, and Coinpayu like the proposal. But important validators like JESUSisLORD, Mr. Diamondhandz1’s LUNCLIVE, and Fragwuerdig’s frag_node don’t like it. Even though most of the community is for the proposal, the top validators haven’t voted yet.
The L1TF and Hexxagon (which used to be Terra Rebels) talked in private. They want to work together to make things like the Station wallet, Finder, and other stuff that the community will own. If the proposal is approved, it will stop giving money to both the Terra Classic L1 Development team and Hexxagon. It will also end the private deal between L1TF and Hexxagon. Instead, the community will decide things.
$LUNC Has Been Plagued By Development Teams That Have Ignored The Voice Of The People
Today, I vote "Yes" on the Controversial proposal 11685
Reason?
You must follow governance.
To not abide by governance is to ignore the will of the people.
Classy's Sphere is the community. pic.twitter.com/MFiQaqsgnG— Jesus Martinez (@0xJesusMartinez) August 9, 2023
Another proposal, Proposal 11700, wants to stop giving money to the developer teams and get a new leader (called a “project manager”) for L1TF. It also wants L1TF to make a plan for the future that everyone can see and understand.
Right now, the price of LUNC is $0.000077. It went up by 0.5% in the last day. But the amount of trading has gone down. Also, the price of USTC is now $0.015, which went down by 1% in the last day. If these proposals become real, the prices could go down more, unless the community decides to make them go up.
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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