<div class="coingape"> 
 <h2 id="proposal-for-terra-luna-classic-revival">Proposal For Terra Luna Classic Revival</h2> 
 <p>Terra Luna Classic validator Happy Catty Crypto in a post on August 18 announced “<a rel="noopener noreferrer nofollow" title="Terra Classic" href="https://thebittimes.com/tag/terra-classic.html">Terra Classic</a> Expedition: A united vision.” It outlines a vision and highlights key developmental milestones, not Level 1 work, such as routine updates, mandatory security patches, and feature implementations.</p>  
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 <p>According to the vision paper, it aims to enhance development work, lower costs, increase transparency, and replace the on-chain tax with a better alternative.</p> 
 <p>It proposes “paid-per-milestone” weekly payments for developers through smart contracts to increase transparency and incentivize project completion. Also, implementing a dynamic commission module for validators, integrating a native discussion platform into the official <a rel="noopener noreferrer nofollow" title="Terra Classic" href="https://thebittimes.com/tag/terra-classic.html">Terra Classic</a> Wallet, and facilitating user onboarding with Station on-ramps.</p>  
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 <p>In addition, it aims to increase security and trust by mandating developers to undergo a voluntary KYC process, with a verification process done via Github assets and pull requests. In order to prevent funding for both Allnodes and Hexxagon endpoint infrastructure, it recommends separating Hexxagon’s spend proposals.</p>  
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 <p>Furthermore, the paper proposes to replace the current 0.5% on-chain tax with a better dynamic approach that makes it easier for entities and dApps to convert projects between Terra Luna Classic and non-tax chains like LUNA. It also suggests the integration of a text field within the voting section of the Station for voting reasons.</p> 
 <p>LUNC price currently trades at $0.000062, down 6% in the past 24 hours. The 24-hour low and high are $0.0000571 and $0.0000667, respectively. Meanwhile, USTC price is trading at $0.012, down 8% in the past 24 hours.</p> 
 <p><strong>Also Read:</strong></p> 
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  <li>Traders Eye Grayscale Vs US SEC Ruling As Bitcoin Crash Takes Down Crypto Market</li> 
  <li>Judge Rakoff Approves US SEC’s Motion To Investigate Terra Co-Founder</li> 
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LUNC News: Terra Luna Classic's Vision For Revival

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TheBitTimes

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