Terra Luna Classic community is voting on a new proposal to introduce a decentralized bank card to the Terra Luna Classic (LUNC) ecosystem. A validator has come up with an idea to work on a LUNC-focused bank card to increase utility and burns.
Is a Terra Luna Bank Card Coming?
Proposal 11750 “LUNA Classic Decentralized Bank Card” has been submitted for voting in the Station wallet. According to the proposal, a validator wants to introduce a decentralized bank card to the Terra Luna Classic ecosystem.
While a bank card would allow users to spend money at supermarkets, cafes, and more, the proposal does not provide details on how the validator’s bank card would work with LUNC.
The proposal from this new validator is to use their own funds to introduce and assist the most secure LUNA validators to the LUNA Classic community. By voting YES, we will invest in and encourage more new validators, thus improving the community’s experience.
Will the Bank Card Receive Approval?
The bank card idea could attract external investment and help increase on-chain transactions. The community will be looking for a product that brings value back to the chain. So far, the proposal has received 96.33% “Yes” and 3.67% “No” votes. In the initial vote, validators like Garuda Universe and Coinpayu supported the proposal. Due to the anonymity of the validator, there are not many details available about the proposal.
Meanwhile, the Terra Luna Classic developer, L1 Terra Classic Task Force (L1TF), has completed preparations for the v2.2.0 core upgrade. The Cosmos SDK upgrade updates tendermint to CometBFT, IBC-go to v6, and wasmd. The proposal will soon be presented for governance voting. LUNC price has seen a 3.5% decrease in the last 24 hours, trading at $0.00006178. Meanwhile, USTC price has also dropped by 1% in the last 24 hours and is currently trading at $0.012.
