• News
    • Bitcoin
    • Altcoins
  • NFT
  • Metaverse
  • Analysis
  • Regulation
  • Learn
  • Market Cap
What's Hot

Samsung Smart Glasses Set to Rival Apple in the XR Martket

2023-11-26

The Metaverse: A New Route for Porsche?

2023-11-24

Is Bitcoin Halal? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

2023-11-17
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook TikTok Instagram YouTube
CryptoNewsMetaverse
  • News
    • Bitcoin
    • Altcoins
  • NFT

    U.S. IRS Considers Taxing NFTs Like Other Collectibles

    2023-03-21

    Meta Shuts Down NFT Project to Focus on FinTech and Content

    2023-03-14

    Solana’s Solend V2 Release, Is SOL Price $50 Next?

    2023-03-06

    Amazon NFT Marketplace To Reportedly Launch Next Month

    2023-03-06

    Blur Coin Under Fire As Allegations Of Wash Trading Emerge

    2023-03-01
  • Metaverse

    Samsung Smart Glasses Set to Rival Apple in the XR Martket

    2023-11-26

    The Metaverse: A New Route for Porsche?

    2023-11-24

    Experience ‘Rebirth’ at the 2023 Decentraland Music Festival

    2023-11-16

    ZEP-Near Partnership: Boosting Metaverse Platform Development

    2023-11-13

    Gucci Unveils ‘Cosmos Land’ Experience in The Sandbox Metaverse

    2023-11-09
  • Analysis

    DOJ Officially Seizes Over $456,000,000 Worth of Robinhood Shares Tied to FTX Founder Sam Bankman-Fried

    2023-01-08

    Mark Cuban Makes Prediction on Next Crypto ‘Scandal,’ Warns of Potential Implosion if Exposed: Report

    2023-01-08

    Binance Listings Cause Crypto Assets To Spike an Average of 41%: New Research

    2023-01-08

    Bitcoin Whales Unloaded BTC As Market Reversed and Parked Their Profits in This Crypto Asset Class: Santiment

    2023-01-07

    Crypto Analyst Predicts Breakout for AI-Focused Altcoin, Updates Outlook on Ethereum and Lido DAO

    2023-01-07
  • Regulation

    Ripple files motion to block SEC appeal attempt

    2023-09-04

    JP Morgan believes SEC will be forced to approve ETFs after losing case against Grayscale

    2023-09-03

    Ripple Files Motion To Oppose SEC Appeal Over Landmark XRP Ruling

    2023-09-03

    U.S. SEC Punts on Bitcoin (BTC) Spot Exchange-Traded Fund Approvals, Delays Decisions Until October

    2023-09-02

    Navigating the significance of legal opinions in the crypto sphere

    2023-09-02
  • Learn

    Is Bitcoin Halal? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    2023-11-17

    Ordinals (ORDI) Price Prediction – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    2023-11-17

    Best GPUs for Mining Crypto in 2023. Overview of The Top Graphics Cards

    2023-11-17

    A Detailed Exploration – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    2023-11-07

    Market capitalization overview and explanation of its main factors

    2023-10-31
  • Market Cap
CryptoNewsMetaverse
Home»Altcoins»Terra Classic Core Developer Edward Kim Proposal Up For Voting
Altcoins

Terra Classic Core Developer Edward Kim Proposal Up For Voting

2022-12-27No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Terra Classic core developers Edward Kim and Tobias “Zaradar” Anderson’s Proposal 11168 is up for voting. Former Terra Rebels developers submitted a proposal to form the “Joint L1 Task Force” developers team that will look into the maintenance upgrades and L1 layer developments on the Terra Classic blockchain.

Terra Classic Community Votes on Edward Kim’s Proposal

Professor Edward Kim, one of the core developers of Terra Classic, in a tweet on December 27 announced that Proposal 11168 “Joint L1 Task Force” is up for voting. The discussion on the proposal is ongoing since Saturday. The current sentiment indicates that the community supports the proposal.

According to the proposal, Terraform Labs had a team of 6-8 senior L1 blockchain developers. Therefore, Edward Kim proposes to hire 3 full-time L1 blockchain developers to complete tasks in the next 4 to 6 months. The team will move to more innovative and long-term advancements after finishing the pending tasks.

The proposed team will have three members from the community such as Zaradar, Edward, and Till. The proposal noted that these contributed significantly to the revival of Terra Classic. It includes re-enabled staking, re-enabled delegation, and introduced burn tax. Additionally, a part-time assistant and two junior developers will be required.

The total budget for the first quarter of 2023 is $141.75k, about 0.991 billion LUNC tokens. Notably, the distribution of payments will happen monthly only after approval from the Oversight Committee and approval from Terra Grants Foundation signers of the multisig.

As per current voting details, 99% of voters support the proposal. Also, the proposal looks to reach the “pass threshold” before the set voting period. Among validators, 25 have voted in favor of the proposal and 1 has voted “abstain.”

Also Read: Terra Classic Community Passes Crucial Proposal, Is LUNC Price $0.0005 Next?

LUNC Price Rally Continues

Terra Classic price skyrocketed nearly 20% in the last 24 hours, with the current price trading above $0.00018. The 24-hour low and high for LUNC are $0.0001549 and $0.0001848, respectively.

A breakout above the 3-month descending channel led to a rally of 50% since December 24. Terra Classic has reclaimed the $1 billion market cap, supported by an over 150% increase in trading volume in the last 24 hours.

Also Read: Terra Classic (LUNC) Price Soars 20%, More Rally Ahead?

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a substantial period and is currently covering all the latest updates and developments in the crypto industry.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.



Source link

Classic Core developer Edward Kim Proposal Terra voting
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Terra Virtua, The Famous Metaverse Platform, Rebrands as Virtua

2023-10-05

Pro-XRP Lawyer Says Federal Judge in Terra Case Who Rejected Favorable Ripple Ruling ‘Got It Wrong’

2023-08-04

SEC adopts proposal for regulating use of AI in markets

2023-07-27

ECB expresses support for European Commission’s digital euro proposal

2023-06-29
Add A Comment

Leave A Reply Cancel Reply

Top Posts

ETH Testnet Kiln To Be Shutdown During Merge Week

2022-09-10

Low Bitcoin Prices Trigger Inflows, But Investor Sentiment Remains Weak

2022-06-23

Popular Analyst Predicts Bitcoin (BTC) Price Could Fall Below $15,000

2022-09-19

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Instagram YouTube TikTok
Top Insights

Samsung Smart Glasses Set to Rival Apple in the XR Martket

2023-11-26

The Metaverse: A New Route for Porsche?

2023-11-24

Is Bitcoin Halal? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

2023-11-17
Get Informed

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Cryptonewsmetaverse.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$33,871.002.60%
  • ethereumEthereum(ETH)$1,782.861.16%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$225.48-1.17%
  • rippleXRP(XRP)$0.562.46%
  • usd-coinUSDC(USDC)$1.00-0.08%
  • Lido Staked EtherLido Staked Ether(STETH)$1,777.130.83%
  • SolanaSolana(SOL)$30.17-5.84%
  • cardanoCardano(ADA)$0.278897-0.24%