LUNC News Live Updates Dec 20: Fear mounts in the Terra Classic community as core developers including Edward Kim and Zaradar quit volunteer developer group Terra Rebels. The move comes after the controversial Proposal 11030 was passed, providing $150,000 worth LUNC tokens from the community pool to work on Rebel Station developments.
Terra Classic price fell over 5% in the last 24 hours and 18% in a week due to FUD in the community, questioning the existence of LUNC. The LUNC price is currently trading at $0.000134.
LUNC Validator Classy’s Crypto Sphere Proposes To Burn Billions in LUNC
LUNC validator Classy’s Crypto Sphere proposes to burn billions in LUNC tokens in 2023 by burning 100% of commission earned through validator.
Total LUNC Burned Reaches 36 Billion
Total LUNC tokens burned by the Terra Classic community reaches over 36 billion. Crypto exchange MEXC Global burned 10,587,780 LUNC tokens in the latest burn on Sunday.
Terra Classic v23 Upgrade Delivered
Terra Classic v23 upgrade has already been delivered, said Terra Rebels. The v23 release started with v1.0.4 release to open IBC channels. Currently, Terra Rebels is working with Edward Kim for v2.0.3 LUNC parity.
Zaradar To Reportedly Work With Edward Kim
According to ClassyCrypto, Zaradar left Terra Rebels to work with another Terra Classic developer Edward Kim on a new LUNC development team.
Terra Classic Developer Zaradar To Keep Working on LUNC
Terra Classic developer Zaradar or Tobias Anderson will continue working on LUNC L1 developments.
Terra Classic Drops To August Levels
Terra Classic price dropped below $0.00013, the August level when the rally started.
Terra Classic price fell over 5% in the last 24 hours and 18% in a week. The 24-hour low and high are $0.0001288 and $0.0001412, respectively.
Terra Classic Developers Leave Terra Rebels
Terra Classic (LUNC) core developers Edward Kim and Tobias Anderson have left the Terra Rebels volunteer developer group.
Terra Rebels is now reducing to just 12 members. These include Raider70, ReXx, Vegas, ClanMudhorn, EchelOn, and others. Terra Rebels will pay these 12 “active” members and the rest “inactive” members will be paid a stipend for their contributions and contracted based on the project.