- The Terra Classic community has approved a proposal to transfer CoinMarketCap dashboard access to the top validator Allnodes, bypassing Terraform Labs after repeated inaction.
- This move has sparked bullish momentum for LUNC and USTC prices, reflecting renewed investor confidence and community-driven progress.
The Terra Classic community has once again demonstrated its commitment to the ecosystem’s growth by passing a crucial proposal regarding its CoinMarketCap dashboard management. This strategic decision, aimed at improving transparency and functionality, highlights the community’s proactive approach to revitalizing the Terra Classic ecosystem.
The Proposal: Shifting Control to Allnodes
Text Proposal 12145, titled “Request for CoinMarketCap Dashboard Access to be Transferred to Allnodes,” received overwhelming support from the Terra Classic community. Over 76% of voters approved the motion, showcasing strong consensus among stakeholders.
The proposal requests that CoinMarketCap dashboard account access, which includes updating essential information such as social media links and website details, be handed over to Allnodes, a top validator in the Terra Classic network. This decision comes after repeated appeals to Terraform Labs (TFL) went unanswered, leaving the community to chart its own course.
Allnodes has agreed to act as a temporary custodian for these access rights, ensuring that any necessary changes to the CoinMarketCap dashboard are implemented efficiently. This move is seen as a stepping stone toward greater independence and operational agility for the Terra Classic ecosystem.
Price Momentum: LUNC and USTC Gain Ground
The news of the proposal’s success has sparked bullish momentum in the Terra Classic market. LUNC, the native token, experienced a 4% price surge in the past 24 hours, trading between $0.00009656 and $0.0001042. Analysts predict even greater potential, with expectations of a 480% surge in the near term as the burn rate accelerates.
Similarly, USTC saw a 5% price increase, reaching $0.02269, despite a 32% drop in trading volume. The uptick in prices reflects renewed investor confidence, further fueled by a sharp rise in LUNC futures activity on platforms like Binance and Bybit.
A Turning Point for Terra Classic
The community’s decision to transfer dashboard access to Allnodes marks a pivotal moment for Terra Classic. By taking matters into their own hands, members are not only addressing governance inefficiencies but also paving the way for future advancements.
As the Terra Classic ecosystem continues to evolve, its ability to adapt and make strategic decisions like this demonstrates its resilience. With rising token prices and an engaged community, Terra Classic is proving it can overcome past setbacks and create a robust, thriving ecosystem.
