Terra Classic Community Divided On Key Proposal, LUNC Price to Fall?

The Terra Classic community witnessed a drama in voting related to Proposal 11459 by the Terra Rebels developer group. The proposal by the prominent developer group was almost passed, but validator Allnodes, with 15% voting power, voted “No” on the proposal and turned the tables for Terra Rebels.

Some believe this happened due to a recent feud between Allnodes and Terra Rebels. The proposal will fail to pass as it received just 30% votes in favor and over 60% voting “No” and “Abstain”.

Allnodes in a tweet on April 15 revealed that it voted “No” on Proposal 11459 due to a lack of transparency on nodes deployed and requests being handled by Terra Rebels. The developer group shared details on nodes and servers handling scalability and distributed storage. However, Allnodes replied it will support the proposal after “TFL team tests and confirms endpoint scalability.”

Thanks for the quick reply. We’ll back the proposal after TFL team tests & confirms endpoint scalability. Community comes first.

— Allnodes (@Allnodes) April 15, 2023

Terra Rebels is seeking $37,593 worth of LUNC tokens from the community pool, with $7,593 for running costs and $30,000 for wages. The funds will help with running costs and technical support of Rebel Station Infrastructure for 3 months.

Several validators including Allnodes, StakeBin, LUNC DAO, TerraCVita, and Luna Station 88 voted “No” on the proposal. Meanwhile, Orion, NITAWA, JESUSisLORD, MAX, and Stakley.io voted in favor of the proposal.

Terra Classic (LUNC) Price Missing Momentum

Terra Luna Classic community facing a minor crisis as core developers Ed Kim and Tobias “Zaradar” Andersen left the Joint L1 Task Force developer team. The developer group and Terra Grants Foundation (TGF) are falling apart.

The community has voted against the latest Proposal 11463 “Expanded & Finalized L1 Task Force [v3] (Q2 2023)” seeking funding to continue development, updates, and maintenance of the Terra Classic blockchain with a different team.

LUNC price fell 2% in the last 24 hours, with the price currently trading at $0.000127. The 24-hour low and high are $0.000126 and $0.000130, respectively. Furthermore, the trading volume has decreased by 25% in the last 24 hours, indicating a decline in interest among traders.

Also Read: Cardano (ADA) Price Is Breaking Above Key Levels, Will It Hit $1 In 2023?

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a substantial period and is currently covering all the latest updates and developments in the crypto industry.

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