Terra Classic

Million

XRP Healthcare

Terra

<img decoding="async" width="1200" height="675" src="https://coingape.com/wp-content/uploads/2023/12/lunc-1-1-e1707935040949.jpg" class="attachment-full size-full wp-post-image" alt="Terra Luna Classic Community Approves 256 Million LUNC Community Pool Spend" style="float:right; margin:0 0 10px 10px;">
Terra Luna Classic community has passed a proposal by <a href="https://coingape.com/terra-luna-classic-core-developer-submits-major-proposal-lunc-to-1/" target="_blank" rel="noopener">Genuine Labs</a> developer group to disburse payment for development work in the last few months. The proposal represents tasks undertaken including upgrade Terra Classic core to sdk47, prevent p2p storms, and update relevant dependencies. 
<h2 id="terra-luna-classic-disburse-256-million-to-genuine-labs">Terra Luna Classic Disburse 256 Million to Genuine Labs</h2> 
Genuine Labs has successfully received more than 256 million LUNC worth $30,000. The Terra Luna Classic community passed proposal 12113 “Genuine Labs’s Community Spend Proposal” after checking and considering the latest tasks including upgrade Terra Classic core to sdk47, prevent p2p storms, and update relevant dependencies. 
Genuine Labs has successfully provided Security Upgrade Packages in the <a href="https://coingape.com/terra-classic-v3-0-1-upgrade-to-trigger-temporary-chain-halt-lunc-price-reacts/" target="_blank" rel="noopener">Terra Classic</a> v3.0.1 upgrade. It also offered improvements including fixing dyncomm decorator and handling p2p storm attacks on the Terra Luna Classic chain. 
The proposal received overwhelming support from the community. It recorded 99.93% votes in favor from the community members and validators. All 46 validators including Allnodes, Interstellar Lounge, Interstake One, and others who participated have voted in favor of the community pool spend proposal. 
<figure id="attachment_201544" aria-describedby="caption-attachment-201544" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="wp-image-201544 " src="https://coingape.com/wp-content/uploads/2024/06/screenshot-terraclassic.stakebin.io-2024.06.10-19_14_11.jpg" alt="terra classic " width="748" height="579" srcset="https://coingape.com/wp-content/uploads/2024/06/screenshot-terraclassic.stakebin.io-2024.06.10-19_14_11.jpg 1062w, https://coingape.com/wp-content/uploads/2024/06/screenshot-terraclassic.stakebin.io-2024.06.10-19_14_11-300x232.jpg 300w, https://coingape.com/wp-content/uploads/2024/06/screenshot-terraclassic.stakebin.io-2024.06.10-19_14_11-768x594.jpg 768w, https://coingape.com/wp-content/uploads/2024/06/screenshot-terraclassic.stakebin.io-2024.06.10-19_14_11-150x116.jpg 150w" sizes="(max-width: 748px) 100vw, 748px">
 <figcaption id="caption-attachment-201544" class="wp-caption-text">
 Source: StakeBin
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</figure> 
The Terra Luna Classic community currently has 5.23 billion LUNC after the disbursement of 256 million LUNC to Genuine Labs. 
Also Read: <a href="https://coingape.com/terra-luna-classic-set-to-implement-tax2gas-and-end-lunc-burn-tax/" target="_blank" rel="noopener">Terra Luna Classic Set To Implement Tax2Gas and End LUNC Burn Tax?</a> 
<h2 id="lunc-price-awaits-another-push">LUNC Price Awaits Another Push</h2> 
<a href="https://coingape.com/price/terra-luna-classic/" target="_blank" rel="noopener">LUNC price</a> trading 0.70% down in the last 24 hours despite an uptick, with the price at $0.0001068. The 24-hour low and high are $0.0001052 and $0.0001093, respectively. Moreover, trading volume decreased slightly in the last 24 hours. 
However, derivatives trading data indicates buying in the last few hours as traders analyze markets before the <a href="https://coingape.com/tag/fomc-meeting" target="_blank" rel="noopener">FOMC</a> meeting. 
Meanwhile,&nbsp;<a href="https://coingape.com/price/terraclassicusd" target="_blank" rel="noopener">USTC price</a> fell more than 1%, with the price changing hands at $0.02128. The 24-hour trading volume saw a 40% rise in the last 24 hours, indicating interest among traders. 
Also Read: 
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 <li><a title="XRP News Today: XRP Healthcare Makes Big Move In Mergers &amp; Acquisitions" href="https://coingape.com/xrp-news-today-xrp-healthcare-makes-big-move-in-mergers-acquisitions/" target="_blank" rel="bookmark noopener">XRP News Today: XRP Healthcare Makes Big Move In Mergers &amp; Acquisitions</a></li> 
 <li><a href="https://coingape.com/bitcoin-notes-2b-inflows-but-ethereum-steals-the-spotlight-heres-why/" target="_blank" rel="noopener">Bitcoin Notes $2B Inflows But Ethereum Steals The Spotlight, Here’s Why</a></li> 
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The post <a href="https://coingape.com/terra-luna-classic-community-approves-256-million-lunc-community-pool-spend/">Terra Luna Classic Community Approves 256 Million LUNC Community Pool Spend</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Terra Luna Classic Community Approves 256 Million LUNC Community Pool Spend

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