The community is currently participating in a vote on an intriguing proposal aimed at enhancing utility and burns within the Terra Luna Classic (LUNC) ecosystem.
The proposal, titled “LUNA Classic Decentralized Debit Card,” aims to introduce a decentralized debit card to the Terra Luna Classic ecosystem. Spearheaded by a new validator, this idea holds the potential to revolutionize the ecosystem’s dynamics.
Details of Proposal 11750
The proposal, designated as Proposal 11750, is now under scrutiny through voting on the Station wallet platform. The core concept revolves around the introduction of a decentralized debit card within the Terra Luna Classic ecosystem. The proposed debit card would empower users to make transactions at various establishments, including supermarkets and coffee shops.
However, it’s important to note that the proposal currently lacks comprehensive details about how the validator plans to execute the implementation of the LUNC-focused debit card. Despite the conceptual gaps, the notion of a debit card introduces the potential for external investment and an increase in on-chain transactions, both of which could significantly contribute to the ecosystem’s growth.
Community Response and Voting Status On Terra Luna Debit Cards
At present, the proposal has garnered a substantial majority of support from the community, with 96.33% of votes in favor and 3.67% against. Among the notable backers of the proposal in the initial governance voting are validators such as Garuda Universe and Coinpayu. It’s worth noting that the proposal’s details are somewhat limited, as the identity of the validator remains anonymous.
Meanwhile, alongside the ongoing proposal discussions, the L1 Terra Classic Task Force (L1TF) is in final stages of preparation for v2.2.0 core upgrade. This upgrade encompasses significant updates, including the cosmos SDK upgrade, tendermint migration to CometBFT, and advancements in IBC-go to v6 and wasmd.
Market Update for Terra Luna LUNC and USTC
Moreover, in the realm of market dynamics, the LUNC price has experienced a minor decline of 1% over the past 24 hours, with the current trading price standing at $0.000064. Correspondingly, USTC has also seen a 1% decrease in the same time frame, with the price currently hovering around $0.012.
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