Terra Classic Community Advocates for Binance CEO’s Leadership for LUNC Revival

17 views 11:31 am 0 Comments July 6, 2023

Terra Classic Community Advocates for Central Authority

  • Members of the Terra Classic (LUNC) community have expressed their desire for a central authority to mitigate internal discrepancies and rejuvenate the ecosystem.
  • Nomination of Binance CEO for Leadership Role
  • To lead this revival, they have nominated Changpeng Zhao, CEO of Binance, based on his wide-ranging expertise, backing, and substantial resources.
  • Community Vote on Supply Reduction and Developer Team Proposals

A proposal to decrease LUNC and USTC supply gained community support. However, a separate proposition for a developer team was declined due to financial constraints.

Expectations from CZ’s Leadership

The community is hopeful that CZ’s stewardship will propel them towards their objective of achieving a $1 valuation per LUNC.

The Terra Classic community has boldly proposed the establishment of a central authority to oversee the Terra Classic ecosystem. This authority would be led by Binance CEO Changpeng Zhao, a nomination made in recognition of his cryptocurrency expertise and the resources he can command.

This unique proposition, coded as number 11614, was tabled on June 29. It signifies the community’s urgency to resolve persistent discord within the Terra Classic ecosystem. The community advocates for a central authority to help streamline the allocation of blockchain resources, coordinate development endeavors, and make decisive moves in favor of Terra Classic’s revival.

The community believes that CZ’s guidance could pave the way for significant infrastructure developments within Terra. They anticipate his role in the governance of LUNC and in steering the development of L1 and L2 layers, all with the intent of propelling LUNC’s value towards their desired target of $1.

In a promising move, the community supported a proposal made by the core developer group, Joint L1 Task Force (L1TF), on June 30th. This group aims to expedite the reduction of LUNC and USTC supply via the market module, focusing primarily on Q3 chain developments and maintenance.

On the flip side, the Terra Luna Classic community faced a challenge when they dismissed a proposal for the ‘Six Samurai’ Terra Allies developer team, citing a lack of adequate funds. Despite this hiccup, the community remains resolute in its efforts to rejuvenate the Terra Classic ecosystem.

The LUNC community’s recent leadership proposal for CZ reflects their pragmatic approach to resolving internal issues and their unwavering dedication to the revitalization of the Terra Classic ecosystem.

The implications of this proposal could mark a significant milestone for Terra Classic. The community continues to confront challenges and unlock the ecosystem’s full potential under the potential stewardship of a central authority helmed by Binance CEO CZ.