Terra Classic (LUNC) votes on Terra Rebels' Proposal 11030 to divide the Rebel Station from TFL.
Terra Rebels announced Proposal 11030 to leave TFL and Do Kwon because they thought it was hard to achieve in time. It completed the Terra Classic Revival Roadmap.
The community can now vote on Terra Classic creator Terra Rebels' official Proposal 11030. The plan will allow Terra Rebels to obtain from the community pool 937,500,000 LUNC tokens worth $150,000 for the development of Rebel Station. It will make it possible for the LUNC community to cut ties with Do Kwon and Terraform Labs (TFL). The neighborhood is currently debating whether it would help LUNC, though.
As part of the most recent advancements, Terraform Labs announced plans to stop supporting the Terra Station wallet in order to concentrate on the cross-chain "Station" wallet that is unique to LUNA. Before December 15, Terra Classic's Terra Rebels were required to perform pricey L1 alterations to the blockchain.
Terra Rebels announced Proposal 11030 to break away from TFL and Do Kwon because they believed it was impossible to achieve in the allotted time. Actually, it was the final step of the Terra Classic Revival Roadmap.
Terra Rebels also made the decision to stop providing support for Terra Station, leaving TerraCVita to take over with help from TFL.
Some people feel that the community should hold off on voting until TFL's Jared talks to TerraCVita about sharing API.Terra.Dev data that might allow TFL to keep supporting Terra Station with TerraCVita. Additionally, it halts Terra Rebels' request for $150,000 in LUNC for the assets and infrastructure of Rebel Station.
The vote is scheduled to end in six days. As of right now, 12 validators, including StakeBin and Vegas Validator, have voted "Yes" in favour of the proposal, giving it a 95% support rating. The plan has received support from "Crypto King Burn And Build" and "Classy's Crypto Sphere." Vegas, the creator of Terra Classic, is not only a main signer of the proposal; additional validators have not yet cast their votes.
If the suggestion is approved by the community, the price of Terra Classic (LUNC) might change somewhat. According to experts, the price of LUNC could fall to $0.00010.
LUNC Price increased by more than 6% yesterday, but it was unable to take advantage of the increase, reverting earlier gains. The price of LUNC is currently $0.00017088. The low and high values over the past 24 hours are $0.00017052 and $0.0001780, respectively.
