As a long-term investor in Terra Luna Classic (LUNC), I have witnessed the excitement and anticipation surrounding the upcoming Tax2Gas upgrade. The recent review by StrathCole, a respected Terra Luna Classic developer, however, has cast some doubt on the readiness of this major implementation.
As a researcher studying the developments within the Terra Luna Classic ecosystem, I’ve come across concerns regarding the current implementation of Tax2Gas by Genuine Labs. A well-known developer in the community has raised alarms, cautioning against potential issues that may arise from this upgrade. Despite being an anticipated update aimed at enhancing the chain utility and boosting token prices, it’s essential to address these concerns to ensure a smooth transition for the community.
Terra Luna Classic Developer Tax2Gas Implementation Readiness
The team at Genuine Labs, responsible for developing Terra Luna Classic’s core, have asked for an evaluation of Tax2Gas code modifications on GitHub. Noted Terra Luna Classic developer StrathCole’s current assessment suggests potential hold-ups in the rollout of this highly anticipated blockchain update.
StrathCole cautions that the Tax2Gas project from the team is not yet ready for the final stage. He recommends that they first implement it on a test network prior to submitting any final pull requests. The current version may lead to various complications, including problems with contracts, reduced incentives, and community transaction disruptions.
As a researcher looking into this situation, I believe that engaging the community and developers earlier in the process could have saved them from having to redo considerable work on their “stealth” project. However, my observation is that the majority of the community seemed unperturbed by this LUNC development.
LUNC News: Response From the Community
StrathCole and other validators emphasized the importance of establishing clear lines of communication as a significant improvement for Terra Luna Classic. Meanwhile, Genuine Labs has successfully implemented the Tax2Gas module, made adjustments to the wasm handler plugin, and carried out an upgrade to this component.
The developer group has received backing from the community and validators, indicating confidence in the effective execution of the major update, notwithstanding any setbacks or delays.
LUNC and USTC Price Performance
After the implementation of Tax2Gas on the Terra Classic chain, there is optimism among the community that LUNC’s price could reach $1. This confidence stems from anticipated listings on crypto exchanges and the expected return of decentralized applications (dApps) to the network. Furthermore, other aspects such as LUNC burn are predicted to receive an additional boost as a result.
In the past 24 hours, LUNC’s price rose by 1%, yet it remains under the significant mark of $0.000090. The price reached a low of $0.00007761 and peaked at $0.0000841 during this timeframe. Additionally, there was a noticeable drop of 34% in the trading volume over the last day.
Currently, USTC’s price is at $0.0193, marking a 1.1% increase within the past 24 hours. However, the trading volume in the last 24 hours decreased by approximately 40%.
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2024-07-26 18:34