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<h2 id="header-0">The Terra Classic community votes on Edward Kim and Zaradar&#39;s Proposal 11168. LUNC Price increases 20% in a day.</h2><p>Proposal 11168 by Terra Classic core creators <a href="https://www.coingabbar.com/en/crypto-currency-news/terra-classic-dev-zaradar-edward-kim-leave-terra-rebels" rel="noopener noreferrer nofollow">Edward Kim</a> and Tobias &#34;Zaradar&#34; Anderson is up for vote. The &#34;Joint L1 Task Force&#34; developers team, which will look into the maintenance updates and L1 layer developments on the Terra Classic blockchain, was proposed by former Terra Rebels developers.</p><h3 id="community-vote-on-edward-kim-39-s-proposal-in-terra-classic">Community vote on Edward Kim&#39;s proposal in Terra Classic</h3><p>The vote on Proposal 11168 &#34;Joint L1 Task Force&#34; has begun, according to a tweet posted on December 27 by Professor Edward Kim, one of Terra Classic&#39;s main developers. The plan has been the subject of continuing discussion since Saturday. The consensus at the moment suggests that the community is in favour of the initiative.</p><p>The proposal said that Terraform Labs had a group of 6 to 8 senior L1 blockchain developers. As a result, Edward Kim suggests hiring three full-time L1 blockchain developers to finish projects within the next four to six months. Once the team has completed the outstanding tasks, they will move on to more creative and long-term improvements.</p><p>Zaradar, Edward, and Till are three of the community members that will make up the suggested team. The proposal underlined how important these were to Terra Classic&#39;s comeback. It also reinstated delegation, enabled staking, and added a burn tax. Two young developers and a part-time assistant will also be needed.</p><p>For the first quarter of 2023, there will be a total budget of $141.75k, or 0.991 billion LUNC tokens. Notably, the Oversight Committee&#39;s and Terra Grants Foundation&#39;s signatories&#39; agreement is required before payments will be distributed each month.</p><p>According to voting results so far, the plan has 99% of the vote. Additionally, the initiative aims to pass before the designated voting period. 25 validators have voted in favour of the proposal, and one has cast a &#34;refuse to vote&#34; vote.</p><h4>Continued Price Rally for LUNC</h4><p>In the past day, the price of Terra Classic has increased by than 20%, and it now trades at more than $0.0001733. <a href="https://www.coingabbar.com/en/crypto-currency/terra-luna-lunc-prices-usd" rel="noopener noreferrer nofollow">LUNC</a> 24-hour low and high are, respectively, $0.00015645 and $0.00018682.</p><p>Since December 24, there has been a 50% rise as a result of a breakout above the 3-month falling channel. The $1 billion market cap has been regained by Terra Classic, helped along by an over 150% rise in trading volume over the previous day.</p>

Edward Kim's Terra Classic Core Developer Proposal Voted On

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