Terra Classic

Terra

Samurai

Six engineers, dubbing themselves the “Six Samurai”, have formulated a revival plan for the beleaguered network. 
They are motivated by a desire to rebuild the <a href="https://crypto.ro/en/news/sec-sues-terraform-labs-and-do-kwon-for-alleged-cryptocurrency-fraud/">Terra Classic</a> ecosystem, independent from the shadow of its disgraced <a href="https://crypto.ro/en/news/suspected-terra-luna-co-founder-do-kwon-arrested-in-montenegro/">founder Do Kwon</a>, and the fractious fork of Terra 2.0​​. 
The “Six Samurai”, co-led by pseudonymous members “Bilbo Baggins” and “Solid Snake”, have submitted a governance <a href="https://commonwealth.im/terra-classic/discussion/11889-terra-allies-six-samurai-senior-engineering-team-l1-l2-q3-bid-proposal" rel="nofollow noopener" target="_blank">proposal</a> to the Terra Classic community, seeking $116,000 for a three-month commitment to part-time development work​. 
They bring to the table an optimistic outlook for the future of the <a href="https://crypto.ro/en/cryptocurrencies/terra-luna">LUNC</a> token, currently valued at $580 million. 
<figure id="attachment_22291" aria-describedby="caption-attachment-22291" style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class="wp-image-22291 size-full" src="https://crypto.ro/en/wp-content/uploads/2023/06/Lunc-price.jpg" alt="Lunc price" width="1858" height="792" srcset="https://crypto.ro/en/wp-content/uploads/2023/06/Lunc-price.jpg 1200w, https://crypto.ro/en/wp-content/uploads/2023/06/Lunc-price-300x128.jpg 300w, https://crypto.ro/en/wp-content/uploads/2023/06/Lunc-price-1024x436.jpg 1024w, https://crypto.ro/en/wp-content/uploads/2023/06/Lunc-price-768x327.jpg 768w, https://crypto.ro/en/wp-content/uploads/2023/06/Lunc-price-750x320.jpg 750w, https://crypto.ro/en/wp-content/uploads/2023/06/Lunc-price-1140x486.jpg 1140w" sizes="(max-width: 1858px) 100vw, 1858px" title="&quot;Six Samurai&quot; engineers seek to revitalize Terra Classic 1">
 <figcaption id="caption-attachment-22291" class="wp-caption-text">
 LUNC total market cap | CoinMarketCap
 </figcaption>
</figure> 
<blockquote>
 “LUNC has limitless upside potential. We want to help realize it by leveraging our skills to bring value to the blockchain and all its investors in order to accomplish a true revival of the ecosystem”​,&nbsp;the team declared.
</blockquote> 
Their proposal includes a series of strategic upgrades aimed at enhancing the Terra Classic network. Among these, the Samurai seek to optimize node synchronization, develop a <a href="https://coinmarketcap.com/currencies/terrausd/" rel="nofollow noopener" target="_blank">TerraUSD</a> (USTC) testnet for financial services testing, an application for generating yield for token holders, and a plan to incentivize developers based on user activity of their applications​​. 
However, as the team embarks on this bold quest to revive the once-thriving Terra Classic, the memory of the blockchain’s previous collapse looms large. 
The precipitous 99.9% drop in <a href="https://crypto.ro/en/cryptocurrencies/terra-luna-2">LUNA</a> token prices, which led to a staggering $28 billion loss in Terra-based DeFi applications, cannot be forgotten. It is a testament to the resilience of the crypto community that such efforts to resuscitate Terra Classic are underway​.

“Six Samurai” engineers seek to revitalize Terra Classic

crypto.ro global

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