The Terra Luna Classic community is currently voting on Proposal 11750, titled “LUNA Classic Decentralized Debit Card,” through the Station wallet. The proposal suggests introducing a decentralized debit card to the Terra Luna Classic ecosystem. While the debit card would enable users to spend LUNC in various establishments, the proposal lacks specific details on how the validator plans to develop the debit card.
The validator behind the proposal, known as the “Secure LUNA Validator,” aims to utilize its own funds to support and promote secure LUNA validators within the community. By voting in favor of the proposal, the community would invest in and promote additional validators, thereby enhancing the overall experience for users.
The introduction of a debit card has the potential to attract external investments and increase on-chain transactions, ultimately bringing more utility to the Terra Luna Classic chain.
Currently, the proposal has received a 96.33% “Yes” vote and a 3.67% “No” vote. Notable validators, such as Garuda Universe and Coinpayu, have expressed their support for the proposal. However, the community lacks detailed information about the anonymous validator behind the proposal.
In other news, the L1 Terra Classic Task Force (L1TF), the developer of Terra Luna Classic, is finalizing preparations for the v2.2.0 core upgrade. This upgrade includes updates to the cosmos SDK, migration to CometBFT for tendermint, and the adoption of IBC-go v6 and wasmd. The proposal for this upgrade will soon be up for governance voting.
As for the market, the price of LUNC is currently trading at $0.000064, experiencing a 1% decrease in the past 24 hours. Similarly, USTC has also fallen by 1% in the same timeframe, with its price currently at $0.012.