In a quest for full recovery, the Terra Classic (LUNC) community has unanimously approved Proposal 12005. This proposal aims to activate the important ICA Controller parameter and has received overwhelming support with a staggering 99.97% approval rate.
This united decision, backed by validators and community members, signifies a notable step towards potential future upgrades for the Terra Classic ecosystem.
Prop 12005 Voting Opens
投票開始
Proposer：@frag_dude一貫性のある
「ICA コントローラーパラメータ」の設定"undefined" から "false" に設定することで、現在進行中のジェネシスエクスポート問題を修正#TerraClassic #LUNC pic.twitter.com/9DEnTLgD1J
— 弁Ｊ民 🔶 Benjamin gg™ (@bybenjamin81) January 22, 2024
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The activation of the ICA Controller parameter is a crucial development for developers. It allows them to export Terra Classic’s state to a special file called genesis.json, enabling the creation and testing of upgrades on dedicated testnets.
This breakthrough opens doors to improved network stability, enhanced security features, and the potential for exciting functionalities within the Terra Classic (LUNC) ecosystem.
While the approval of the proposal brings positive news, it is important to approach the situation with a realistic outlook. The recent increase in LUNC and USTC prices following the L1TF security upgrade package vote has been followed by a dip. The current market correction adds uncertainty to the immediate price trajectory.
Despite price fluctuations, the unwavering support from the Terra Classic community for the ICA Controller proposal demonstrates their long-term dedication to the project. This steadfast commitment, combined with the potential for future upgrades, provides a glimmer of hope for the future of LUNC, even if immediate price recovery cannot be guaranteed.
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Looking Beyond the Proposal
The latest in the Terra Classic ecosystem extends beyond this approval. The decision by Crypto.com to delist LUNC from its platform raises concerns about future listings and its possible impact on trading volume and widespread availability.
The overall performance of the cryptocurrency market plays a crucial role in determining LUNC’s price. Continued market fluctuations may pose challenges to sustained recovery.
Read Also: Terra Classic Burns 700 Million LUNC and 230,000 USTC. Here’s the Impact On Bulls
The success of Terra Classic depends on active project development and community adoption. The introduction of new use cases, partnerships, and innovative applications will be instrumental in driving the long-term value and sustainability of LUNC.
The Terra Classic community has taken a significant step towards potential future upgrades with the approval of Proposal 12005. While immediate price recovery remains uncertain, the dedicated community efforts and planned development offer hope for the future of LUNC and its imploded algorithmic stablecoin USTC.
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