The Terra Luna Classic community’s proposal to gain access to the pertinent accounts and dashboards maintained by Terraform Labs (TFL) was approved.
The Terra Luna Classic proposal to gain access to the pertinent accounts and dashboard maintained by Terraform Labs (TFL) is nearly approved by the community. Consequently, the most recent developments have resulted in the price of LUNC and USTC gaining upward momentum, enabling them to surpass resistance levels.
Terra Luna Classic Community has approved the proposal
The Terra Luna Classic community is considering passing Proposal 12141, “Dealing with CoinMarketCap and other listings.” The proposal seeks the community’s consent to gain access to Terra Classic, which is listed on CoinMarketCap and other aggregators.
The sole entity that possesses the keys to access the pertinent dashboards to modify links to the website, social media, and other information for LUNC and USTC is the insolvent company.
It is improbable that TFL will submit modification requests to CoinMarketCap and other crypto exchanges associated with LUNC and USTC after October 31.
The community is attempting to resolve any unwanted issues by gaining access to CoinMarketCap dashboards and other chain information management dashboards, as it is doubtful that TFL will provide access to the Terra money domain or the official Terra Money X account.
Allnodes has already consented to serve as a temporary custodian of these access rights and agreements, implement any necessary modifications per Terra Classic governance decisions, and abdicate ownership of these listings at the Terra Classic governance’s discretion.
The proposal has garnered 99.95% support, with validators Interstellar Lounge, JESUSisLORD, LUNCLIVE, moonshot, and Community First LUNC voting “Yes.”
Price Increases for LUNC and USTC
The price of LUNC has increased by 2% in the past 24 hours in response to the significant news, and it is currently trading at $0.00009136. The 24-hour low and high are $0.00008905 and $0.00009181, respectively. Additionally, the trading volume has increased by 15% over the past 24 hours, suggesting that traders are becoming more interested.
Recent data from Coinglass indicates that the open interest in 1000LUNC on Binance and Bybit has increased by over 3% in the past 24 hours. This suggests that derivatives traders are actively purchasing Terra Luna Classic.
In the interim, the price of USTC has increased by over 4%, and it is currently trading at $0.02199. Additionally, there was a 32% increase in the trading volume over the past 24 hours.
