David Gokhshtein, founder of Gokhshtein Media, if the community finds a way to establish a valid use case Terra Classic’s (LUNC) He believes he can drop his “lottery ticket” status and make a comeback.
A Return Might Be Possible If The LUNC Community Finds A Use
Gokhshtein treated the Terra Classic token as purely gambling and defined it as a lottery ticket.
Terra Classic (LUNC), which has started to gain popularity recently, is used as a gamble, especially by people who are eager to make quick money.
In a recent tweet, Gokhshtein states that LUNC is owned by the community, with half of the members engaged to gamble, while the other half are those who suffered from the crash.
$LUNC is led by a community and not by Kwon.
Half of them have jumped into the shit just to gamble. The other half are those who collapsed from the collapse.
If they can find a way to build a legitimate use-case, it would be an impressive comeback.
— David Gokhshtein (@davidgokhshtein) September 17, 2022
Gokhshtein, if cryptocurrency He believes that if his community can find a way to establish a valid use case, it will have an impressive backlash.
Following the collapse of the Terra ecosystem in May, the original Terra Chain was renamed Terra Classic, and on May 28, 2022, the new chain’s genesis block was launched to handle future transactions under the name Terra (LUNA). The original native token was likewise renamed LUNC.
Terra Classic now claims to be entirely community-run and independent of Terra founder Do Kwon.
But Will Chen, a former developer at Terra, listed his questions about Terra Classic as follows: “Who are the LUNC whales? Who controls the network?”
Chen also stated that “it can be difficult to attract projects that will be developed on Terra Classic until the Rebels understand who they are working for.” In addition, he underlined that incentives need to be clarified as the 1.2% transaction fee plan will come into effect on September 21.
*Not investment advice.
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