The Terra Luna Classic community has unanimously approved a proposal by Genuine Labs, allocating over 256 million LUNC tokens for recent development work. This initiative, supported by all 46 validators, includes significant upgrades such as the Terra Classic core to sdk47, preventing p2p storms, and updating dependencies.
Genuine Labs’ contributions also include security upgrades in the Terra Classic v3.0.1 and handling p2p storm attacks. The proposal received overwhelming support, with 99.93% of votes in favor. This funding leaves the community pool with 5.23 billion LUNC tokens remaining.
Despite the news, LUNC and USTC prices have faced volatility, with LUNC trading slightly down and USTC experiencing a 3% rise. The strategic importance of this approval highlights the community’s commitment to enhancing the Terra Luna Classic ecosystem and ensuring its security and efficiency.
