A group of former Terra Luna Classic developers has come together with a bold mission—to revive the struggling LUNC and USTC tokens and restore their value to $1.
Terra Rebels and Hexxagon Aim to Address Concerns and Foster Terra Luna Classic Community
Terra Rebels, a developer group, and its spinoff Hexxagon are focused on rebuilding trust and unity within the Terra Luna Classic community. Recent events, including the Joint L1 Task Force’s (L1TF) collaboration with Hexxagon for a community-owned wallet, triggered fresh fears and doubts within the community.
Clearing Misunderstandings
Hexxagon took to social media on August 3 to dispel doubts surrounding the involvement of Terra Rebels’ members and the collapse of Terra Rebels. It clarified that the $150k proposal approved for Terra Rebels was a fixed-rate project cost, accommodating the intricate nature and time constraints of the undertaking.
Furthermore, payments were made to non-technical contributors and Discord moderators, aligning with completed services and application delivery within stipulated timelines.
Rebuilding Trust and Moving Forward
Hexxagon highlighted that a mere three individuals returned funds, with one channeling it directly to the community pool. Others, such as ReXx, transferred funds back to developer “echel0n.” Similarly, K_raucks allocated funds between echel0n and another team member, while Yogabba directed funds to the community pool.
Regaining community trust remains a top priority, particularly after the departure of core developers Edward Kim and Tobias “Zaradar” Anderson from Terra Rebels. This exit significantly impacted the Terra Classic Revival Roadmap. In response, professor Edward Kim and the community formed the Joint L1 Task Force, with Zaradar at the helm.
This ongoing effort demonstrates a commitment to transparency, collaboration, and reviving Terra Luna Classic despite prior setbacks, underscoring the community’s resilience and determination.
Terra Luna Classic’s Struggle and Developer Intervention
Terra Luna Classic, a once-promising blockchain project, has experienced a decline in recent times, and its native tokens, LUNC and USTC, have seen a significant loss in value. This downturn has led to concerns among the community and investors who had high hopes for the platform’s potential.
In response to the challenges faced by Terra Luna Classic, a group of developers who were instrumental in the project’s early success have stepped forward to take matters into their own hands. Driven by a strong belief in the platform’s underlying technology and its potential impact on the decentralized finance (DeFi) landscape, these developers have united to lead a revival campaign.
Moreover, the former Terra Luna Classic developers have outlined their strategic approach to breathe new life into LUNC and USTC and pave the way for a resurgence in value.
Reviving LUNC and USTC to $1 – A Roadmap
One of the primary focuses of the developer-led initiative is to strengthen the core infrastructure of Terra Luna Classic by conducting a thorough assessment of the platform’s code and smart contracts. The developers aim to identify and address any vulnerabilities that may have contributed to the recent downturn.
However, recognizing the importance of a supportive community, the developers are actively engaging with LUNC and USTC token holders. They are soliciting feedback, answering questions, and providing regular updates to keep the community informed about their progress.
In addition, by fostering a transparent and collaborative environment, they hope to reignite enthusiasm among investors and stakeholders.
Consequently, the developers are also laying the groundwork for new features and upgrades. This will enhance the functionality and utility of the tokens. Leveraging their expertise and insights, they plan to introduce innovative use cases and functionalities to attract new users and investors to the Terra Luna Classic ecosystem.
Read More:
Binance Expands Collateral Options: Shiba Inu Added as Approved Asset
Coinbase Announces Base Mainnet Launch Date and Clarifies Token Speculations