• The Terra Allies senior full stack engineering team, known as the Six Samurai, has presented their Q3 spend proposal in order to revive the Terra ecosystem.
• The team’s proposal includes a budget of $116,000 and aims to migrate from Columbus-5 to Columbus-6 and upgrade to the latest Cosmos SDK.
• The LUNC community has responded positively toward this proposal and is leaning towards voting in favor of it.
The Terra Allies senior full stack engineering team, known as the Six Samurai, has presented their Q3 spend proposal, emphasizing their deep passion as Luna Classic holders. With a firm commitment to achieving “a true revival of the ecosystem”, they are willing to dedicate their efforts and expertise towards achieving this goal.
Terra 2.0 & LUNA
Terra was originally an ecosystem with several moving parts but its TerraUSD (UST) stablecoin and LUNA asset faced catastrophe in 2022 leading to vast changes for the project. This caused a shift from the original chain which was rebranded as Terra Classic and now there is a new blockchain called Terra 2.0 with a new asset also called LUNA but mostly referred to by most as Terra (LUNA2). In May 2022, the genesis block of this new chain was launched to conduct future transactions.
Q3 Spend Proposal
Presenting a detailed plan for the third quarter of 2023, the team proposes a budget of $116,000. Their roadmap entails crucial milestones such as migrating from Columbus-5 to Columbus-6 and upgrading to Cosmos SDK version 0.32 – 033xluna (latest). Additionally, they are pursuing two listings; one on Keplr’s web interface – which is a web tool for analytic visualizations – and another on Mintscan – which is a Cosmos block explorer catering towards crypto exchanges and customers alike.
The LUNC community has shown positive response thus far towards this proposal and is leaning towards voting in favor of it according CoinMarketCap data where LUNC currently holds 75th position with live market capitalization at $537m USD with circulating supply at 5 billion coins currently available at time of writing..
The Six Samurai team have presented an ambitious plan aiming for “true revival of the ecosystem” while dedicating their expertise for free through this impressive Q3 spend proposal that comes with potential long term benefits for Luna Classic holders if successful in its implementation .