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The cryptocurrency LUNC, one of the most speculative altcoins garnering attention from risk-loving investors, is in the spotlight again with new developments. Last year, investors were excited about burn announcements, but the price has been on a steady decline since then. A new proposal has now been announced for the struggling LUNC, an endeavor spearheaded by Terra Rebels.
Latest Developments on LUNC
Following the co-management proposal for liquid staking derivatives by Terra Luna Classic, a separate team is now suggesting a six-member senior engineering team for the upcoming quarter. The team, self-proclaimed passionate LUNC holders, known also as the “Six Samurai,” presented their Q3 expenditure proposal. The six-member team promises to work for the “true revitalization of the ecosystem.”
With a total spend of $116,000 for the third quarter of 2023, the team proposes an L1 roadmap including the transition from Columbus-5 to Columbus-6 and an update to the Cosmos SDK. Part of the proposed roadmap also includes Kepler’s Web Interface, an analytical visualization web tool.
We are ready to do the hard work to truly revitalize the ecosystem. We will also coordinate and collaborate with other teams who gain the authority to develop LUNC.
LUNC Price Future
While Terra Rebels and the Six Samurai focus on LUNC‘s genuine decentralization goal, last year’s forked network LUNC was abandoned to its fate by Do Kwon and left to zero in his hands. Nevertheless, steps were taken with the organization of victims who invested here via Discord. Despite Terra Rebels being out of sight, teams wanting to revive the network are still in place. Of course, it’s hard to know how well-intentioned all these are.
However, the idea of employing six full-stack developers for network development isn’t all that bad. If they really focus on this job with good intentions, LUNC may be able to stand up again with the power of decentralization. While it’s a slim chance, it seems like the only hope for the LUNC price.
On the other hand, LUNA, because of Do Kwon and the management team’s apparent end of the road, seems likely to continue its losses in the long run.
