As a researcher with extensive experience in the crypto industry, I find the recent development within the Terra Luna Classic community quite intriguing. The successful proposal to disburse over 256 million LUNC ($30,000) to Genuine Labs for their contributions to the network’s security and upgrades is a testament to the community’s commitment to its growth.
The Terra Luna Classic community has approved a payment plan proposed by Genuine Labs for development projects completed over the past few months. This plan covers several key tasks such as:
Terra Luna Classic Disburse 256 Million to Genuine Labs
Genuine Labs has been approved by the Terra Luna Classic community for over $30,000 worth of LUNC, equivalent to more than 256 million tokens. Proposal 12113, titled “Genuine Labs’s Community Spend Proposal,” was endorsed following rigorous evaluation. The latest projects under consideration include upgrading the Terra Classic core to sdk47, mitigating potential p2p storms, and updating related dependencies.
At the Terra Classic v3.0.1 upgrade, Genuine Labs effectively delivered Enhanced Security Packages. These packages not only fortified security but also addressed issues such as the dyncomm decorator and defended against p2p storm attacks on the Terra Luna Classic blockchain.
The proposal gained an impressive level of approval from the community, with a staggering 99.93% of votes cast by members and validators in its favor. Notably, all 46 validators, among them Allnodes, Interstellar Lounge, Interstake One, and more, endorsed this community pool spend proposition.
After distributing 256 million LUNC to Genuine Labs, the Terra Luna Classic community now holds approximately 5.49 billion LUNC in total.
LUNC Price Awaits Another Push
Despite a recent uptick, the price of LUNC has dropped by 0.70% over the past 24 hours, now sitting at $0.0001068. The lowest and highest prices within this timeframe were $0.0001052 and $0.0001093 respectively. Additionally, there was a slight decrease in trading volume during the same period.
The latest data from derivatives trading reveals that investors have been purchasing assets in recent hours as they assess market conditions ahead of the upcoming Federal Open Market Committee (FOMC) meeting.
Over the past hour, USTC experienced a decline of over 1%, reaching a value of $0.02128. Furthermore, there was a significant increase of approximately 40% in trading volume during the previous 24-hour period, suggesting heightened activity among investors.
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2024-06-10 17:16