"Do you think the price of LUNC will go up or stay the same after this new proposal is implemented?"
Immediately after proposing liquid staking derivatives (LSD)* in Terra Classic, the latest proposal is reported to be the formation of a dedicated team of six full-stack senior engineers**.
*allowing staking parties to earn revenue without losing the liquidity of their staking assets
**Senior-level computer programmer with skills in front-end and back-end system coding and project management experience with system administration skills
Terra Allies' full-stack senior engineering team or better known as Six Samurai has presented their third quarter spending proposal as part of its goal to redevelop the Terra Classic ecosystem.
It is already known that Terra now has a new blockchain called Terra 2.0 after the stablecoin TerraUSD (UST) suffered a drastic fall in 2022 thus affecting the project it was running at that time.
In context, the genesis block on the new chain was launched in May 2022 to conduct future transactions while Terra was rebranded as Terra Classic.
Returning to the description, Six Samurai who presented a detailed plan for the third quarter of 2023 has proposed a budget of $116,000, where their roadmap is like migrating from Columbus-5 to Columbus-6 and then upgrading to the latest Cosmos SDK.
Not only that, the roadmap will also continue listing Terra Classic on Keplr's web interface, a web tool for analytics visualization and Mintscan, which is a Cosmos block explorer that meets the needs of crypto exchanges and customers.
Six Samurai is also willing to collaborate and coordinate with other teams to develop Terra Classic or known as LUNC, therefore its community has shown a positive response when more inclined to vote in favor of the proposal.
However, LUNC price still recorded a decrease of 2.30% at the level of $0.0000090 in the last 24 hours with a market capital of $527 million but still saw a jump of 2.08% over the last week.
