- LUNC community recently received funding for L1 upgrades.
- Today, the community is voting on a USTC repeg proposal.
- Terra Luna Classic (LUNC) is the top loser of the day.
The vast community behind the fallen altcoin Terra Luna Classic (LUNC) and its malfunctioned stablecoin Terra Classic USD (USTC) is trying to revive the network. Once a prominent blockchain that attempted to challenge the most popular altcoin Ethereum (ETH), the Terra downfall in May 2022 set off a domino effect on the industry, wiping $2 trillion in digital assets.
A year later, Terra (LUNA) is still represented by one of the largest crypto communities. LUNC community recently passed proposal #11462, which enabled the Joint L1 Task Force to receive $124,000 for Layer-1 development for the Q2 of 2023. While this proposal has been already passed with 55.53% members supporting the idea, there’s more important decision making for the embattled…
