- The Terra Luna Classic community is close to approving Proposal 12141, which seeks access to dashboards managed by Terraform Labs for better control over their listings on CoinMarketCap and other platforms, with Allnodes acting as a temporary custodian.
- Following this positive development, both LUNC and USTC prices have seen significant gains, reflecting increased market interest and confidence in the project’s future.
The Terra Luna Classic (LUNC) community is buzzing with excitement as Proposal 12141, titled “Dealing with CoinMarketCap and other listings,” moves closer to approval. This proposal aims to secure access to the relevant dashboards maintained by Terraform Labs (TFL), a crucial step for the community’s autonomy in managing the LUNC and USTC listings on platforms like CoinMarketCap.
The move has significant implications for the future of Terra Luna Classic, especially given TFL’s current financial difficulties and their diminishing role in the project.
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Custodianship by Allnodes
With TFL unlikely to process any change requests after October 31, the urgency of this proposal has increased.
Allnodes, a well-known service provider in the crypto space, has stepped in to act as a temporary custodian of these access rights. This arrangement will allow the Terra Luna Classic community to make necessary updates to their listings on CoinMarketCap and other platforms, ensuring they can respond swiftly to any issues that may arise.
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This custodianship also signifies a commitment to transparency and governance, as Allnodes will execute changes based on the community’s decisions and relinquish control when appropriate.
The proposal has garnered overwhelming support from the Terra Luna Classic community, with a staggering 99.95% of votes cast in favor. Influential validators such as Interstellar Lounge, JESUSisLORD, LUNCLIVE, moonshot, and Community First LUNC have all voiced their support, demonstrating a unified front in favor of taking charge of their platform presence. This high level of consensus highlights the community’s desire for independence and a proactive approach to managing their project’s information.
Market Response
The positive developments have not gone unnoticed in the markets. In the past 24 hours, LUNC’s price has surged by 2%, currently trading at $0.00009136. The price has fluctuated between a low of $0.00008905 and a high of $0.00009181, indicating increased trading activity.
Additionally, the trading volume for LUNC has jumped by 15%, reflecting heightened interest from traders and investors alike. The surge in open interest on exchanges like Binance and Bybit further underscores the growing confidence in Terra Luna Classic as traders actively engage with its derivatives.
Meanwhile, USTC has also seen a significant price increase, climbing over 4% to trade at $0.02199, with trading volume rising by an impressive 32%. This momentum signals a broader market interest in Terra Luna Classic and its future potential.
With the approval of Proposal 12141, the Terra Luna Classic community is on the brink of a pivotal change. By gaining access to essential dashboards and securing custodianship through Allnodes, LUNC and USTC are positioned for a more autonomous and promising future.
As the community rallies behind this initiative, the positive market response suggests that Terra Luna Classic may well be poised for further growth and development.
