Turkish cryptocurrency investors include in their baskets ‘Terra Classic’also (LUNC) important developments are taking place. To the altcoin ecosystem voluntary contribution one that provides group, now in their focus cosmos of (ATOM) heHe announced that he would. Meanwhile, The Terra community pool opposed a $130,000 spending proposal. Additionally, the community rejected another proposal to pay $45,000 per month to the Blockchain development team.
Is Hexxagon leaving Terra Classic?
cryptokoin.comAs you follow from , the Terra ecosystem witnessed a major collapse last year. Following this, Hexxagon, a group identified as Terra Rebels, announced its support for the ecosystem and claimed it. However, in a recent development, they have made a change in their strategy regarding the altcoin project. In this context, Hexxagon made the following statement:
To ensure the sustainable operation of Hexxagon, we have made a strategic decision to diversify our customer base by expanding our services to include the wider Cosmos ecosystem. As a result, we will rebrand Terra Classic Station as Galaxy Station, a cross-chain wallet focused on the Cosmos ecosystem. This transition will occur gradually over the next few weeks.
In order to ensure the sustainable operation of Hexxagon, we have made the strategic decision to diversify our customer base by expanding our services to encompass the broader Cosmos ecosystem. Ultimately, we will be rebranding Terra Classic Station as Galaxy Station, an…
— Hexxagon (@hexxagon_io) October 4, 2023
hexagon, As a result of this change, Terra announced the end of its collaboration with L1TF regarding Classic Station. He also stated that they transferred the current version of Terra Classic Station’s source code to L1TF because the right belongs to LUNCCOMMUNITY. He emphasized that if new developers become available to further develop and maintain this source code, this code will be in their possession.
The group announced that it will continue to support the altcoin project!
This development in the community Hexxagon’It was perceived that he had abandoned Terra. After this, the group made another statement and stated that this did not fully reflect the truth. In this direction hexagon, made the following statement:
To be clear, we are not leaving the Luna Classic community or withdrawing our services/wallet from that community, we are expanding our services and wallet to benefit the entire Cosmos Blockchain ecosystem, which includes Luna Classic.
Just to clarify, we are not leaving the Luna Classic community or pulling our services / wallet from this community, we are expanding our services and wallet to benefit the entire cosmos blockchain ecosystem which includes Luna Classic as well.
— Hexxagon (@hexxagon_io) October 4, 2023
LUNC community opposes spending proposal
Clay, host of the ClayBro YouTube channel, said in a recent video that a $130,000 spending proposal was largely rejected by the altcoin community. The proposal joins a growing list of other proposals agreed upon by the community this month. Specifically, the $130,000 spending proposal was to develop the Terra LUNC Blockchain for the next quarter. The funds would primarily go towards developing the blockchain’s infrastructure. Additionally, nodes would be paid $10,000 monthly from the fund.
Voting on the altcoin project team’s proposal will end today. However, more than 50% voted against the proposal. On the other hand, 22.5% supported it. Additionally, 26% abstained. Meanwhile, 0.06% vetoed the proposal. According to Clay, another 200 billion Terra LUNC votes are needed for the proposal to pass. Meanwhile, the Terra LUNC community is also voting on other proposals surrounding Blockchain. In particular, the proposal to whitelist cryptocurrency wallets for off-chain burning attracts attention. The proposal also includes a 0.5% surcharge on burned LUNC and USTC transactions based on the exchange volume they receive.
Similarly, the altcoin community also rejected a proposal for a $45,000 monthly salary for blockchain developers. Clay acknowledges the depth of the development team’s work on Blockchain. But he says the community can’t afford the $45,000 salary right now.
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