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- Approximately 71% of participants endorsed the initiative, while 2% opposed it and 27% remained neutral.
- The community-owned wallet will be created at no expense by the Joint L1 Task Force.
The Terra Luna Classic (LUNC) community will manage a wallet that is owned by the community and operated by the Joint L1 Task Force (L1TF). The Terra Luna Classic community has ratified LUNC validator Happy Catty Crypto’s revised proposal to prevent privatization and focus on developing wallet infrastructure.
As Proposal 11645 “L1 Team To Build Wallet Infrastructure” submitted by Happy Catty Crypto received sufficient votes for approval, it is now considered successfully passed. Approximately 71% of participants endorsed the initiative, while 2% opposed it and 27% remained neutral.
No Development Cost
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The proposal has garnered support from 20 validators to date. Following the L1TF framework, the development team aims to create a community-owned web version of Station for Terra Luna Classic, along with iOS and Android applications and a Chrome extension. The community-owned wallet will be created at no cost by the Joint L1 Task Force. The Joint L1 Task Force may allocate the computing budget for expenses such as domain registration and web hosting.
The strategy for endpoint infrastructure will be developed separately. It proposes that Professor Edward Kim, a respected figure within the community, oversees the domain and other infrastructure management. However, the community prioritizes the development of the wallet’s infrastructure and the establishment of an L2 team to manage the wallet’s operations comprehensively.
With a majority vote in favor, the Terra community has previously approved the on-chain request to upgrade to Phoenix v2.4. According to CMC, the price of LUNC is $0.00008891, reflecting a 0.25% increase over the past 24 hours.
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