Six Samurai Engineers Propose LUNC Revival Plan

After a joint governance proposal on liquid staking derivatives in Terra Classic (LUNC), a new proposal recommending the formation of a dedicated team of six senior full-stack engineers arose for the next quarter.

The senior entire stack engineering team of Terra Allies—also known as the “Six Samurai—has presented their Q3 expenditure proposal, emphasizing their commitment as LUNC holders.

With a firm commitment to achieving “a true revival of the ecosystem,” the team pledges to devote their efforts and expertise to achieving this objective.

Terra was once a complex ecosystem with many moving elements. However, its TerraUSD (UST) stablecoin and Luna assets encountered calamity in 2022, resulting in significant project modifications.

Terra now has a new blockchain dubbed Terra 2.0, with further support also named Luna but commonly referred to as Terra (LUNA2).

The genesis block of the new chain was launched for future transactions in May 2022, and the original Terra chain was renamed Terra Classic.

The team presents a comprehensive plan for the third quarter of 2023 and proposes a budget of $116,000.

The roadmap includes significant milestones such as the migration from Columbus-5 to Columbus-6 and the upgrade to the most recent version of the Cosmos SDK.

In addition, their roadmap includes pursuing the listing of Terra Classic on Keplr’s web interface, a web application for analytic visualizations, and Mintscan.

This Cosmos block explorer caters to crypto exchanges and customers.

In their proposal, the team expressed their willingness to exert the necessary effort to accomplish a genuine ecosystem revitalization.

In addition, they emphasized their desire to collaborate and coordinate with other groups that secure a LUNC development mandate.

Consequently, the LUNC community has exhibited a positive response thus far and is inclined to vote in favor of the proposal.

According to CoinMarketCap data, LUNC has declined 1.65% in the last twenty-four hours.

It is currently ranked 75th and has a market capitalization of $537,523,099. The circulating supply of LUNC coins is 5,822,833,985,154, with no upper limit specified.