The Terra Classic Foundation announced on X that it has delegated an additional 30 million LUNC to Hexxagon, bringing their total delegation to 930 million LUNC. This move aims to reinforce the Terra Luna Classic ecosystem, specifically enhancing platforms like Galaxy Station and Galaxy Finder.
Hexxagon, despite its links to the controversial Terra Rebels, is focused on building a secure, community-owned wallet funded through Proposal 11645. This partnership has mixed reactions but aims to strengthen network infrastructure.
Increased delegation could signal confidence in the network and potentially impact the price of LUNC positively by attracting more investors. However, this depends on Hexxagon and L1TF’s transparency and management effectiveness.
Currently, the Terra Classic price is $0.00008063, with a market cap of $441.41 million. Binance has also contributed to the ecosystem by burning almost 62 billion LUNC tokens, supporting the community’s revival efforts.
This strategic delegation highlights a long-term commitment to enhancing the Terra Luna Classic network’s reliability and security.
