Terra Luna Classic Community Initiates Vote on Developer Payment Proposal
The Terra Luna Classic community has initiated a vote on a proposal to pay developer Frag 1,420 EUR in LUNC for technical audits and development efforts under Proposals 12165 and 12166. While discussions continue within the community, the proposal has been considered to promote transparent and fair ecosystem governance.
Discussions on the SubDAO System and Vade Mechanism
Proposals 12165 and 12166 aim to enhance governance and fund distribution mechanisms within the Terra Luna Classic ecosystem. Proposal 12165 includes establishing a SubDAO model to encourage greater community involvement in decision-making, supporting a more democratic governance structure.
Proposal 12166 plans to introduce a maturity mechanism for managing funds more securely and transparently. This mechanism aims to govern fund distribution according to established rules, ensuring resources are used for their intended purposes. The payment to the developer is requested due to technical support and security improvements provided by Frag for these proposals.
Community and Market Opinions
The Terra Luna Classic community is divided between those supporting a fair and transparent governance model and those criticizing payments to developers. Statements from popular validators like Vegas advocate for supporting payments to developers, clarifying that they have no professional ties to Frag.
Market movements of LUNC are being closely monitored, with LUNC gaining 1.2% in the last 24 hours, trading at $0.00006483. The community discusses the impact of developments on price production, with long-term goals including reaching the $0.01 level.
Following the collapse of the Terra protocol in May 2022, the LUNC ecosystem has entered a reconstruction phase, raising discussions on topics like developer payments to regain community trust.