A new Terra Luna Classic proposal is up for voting.
Juris Lunc Validator introduced the proposal, seeking to compensate developers for the current ecosystem work.
Dear $lunc community,
please comment & give your opinion on this our upcoming spend proposal on $lunc commonwealth:
common.xyz/terra-luna-cla…
Context:
we have supported the sub-dao proposal despite concerns with paid management positions within..
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The move underscores the ecosystem’s dedication to integrity, fairness, and transparency.
Terra Classic to compensate ecosystem developers
Notably, the latest proposal requests to reward developer Frag for his contributions to Proposal 12165 and 12166.
The Spend Proposal detailed:
The developer provided essential work that was initially understood to be part of the funding request but was later omitted without clear communication. This proposal seeks to compensate him for his contributions.
Notably, Proposal 12165 introduced the agenda for a subDAO scheme to bolster community participation in the platform’s governance.
Meanwhile, proposal 12166 facilitates vesting mechanisms for fund distribution.
The two initiatives demanded development contributions and audit work to guarantee security and integrity.
Frag joined to offer the requested services. However, the developer worked without a compensation plan.
Regardless of the intent, the result was that an essential contributor to the proposal’s success was left uncompensated, despite the principles of fairness and transparency that the community aims to uphold.
Juris Validator proposes 1,420 EUR (paid in LUNC tokens) to reward Frag – 520 EUR for smart contract development and 900 EUR for audit work.
The proposal sponsors believe fair developer compensation matches Terra Classic’s ethos of transparency and fairness.
Moreover, the move will boost development with incentives.
Also, fairness in dealing with contributors will elevate the Terra Luna ecosystem’s integrity.
LUNC’s current price actions
The alt remained relatively muted over the past day, gaining 0.46% to trade at $0.00006528.
Chart by Coinmarketcap
It gained 8% on its weekly chart as the latest Federal rate decision triggered optimism in risk assets.
However, LUNC exhibits significant volatility with indecisive directions.
The altcoin mirrors broad market sentiments, which signals bear dominance despite the latest relief rallies.
Bitcoin trades below $85K and needs to clear this resistance and the nearest obstacles to $90K.
Such a move would shift the market’s near-term outlook to bullish, translating to stable rallies in the altcoin space.
Popular analyst Ali Charts highlighted two scenarios for Bitcoin.
A solid break past $94K might propel the bellwether crypto to new ATHs of $112K.
Source – Ali on X
However, failure to hold the key support at $76K can trigger massive crashes toward the support barrier at $58K and $44K.
Meanwhile, the recent Fed decisions to keep rates unchanged triggered optimism in the financial space.
The improving economy could support crypto recoveries in the upcoming sessions.
The prevailing crypto landscape remains volatile, with hints of sentiment shift to bullishness.
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