Terra Luna Classic (LUNC), the original chain behind the infamous 2022 collapse, is undergoing a community vote on a crucial proposal – the creation of an independent website. This initiative aims to attract lost users and revitalize the network’s image.
A Website to Rebuild Trust
The proposal envisions a website modeled after Bitcoin.org, a community-driven hub for information and education. It outlines a professional design process, including workshops and development of a minimum viable product (MVP). Proponents argue that a dedicated website will serve several purposes:
- Centralized Information Source: Currently, users rely on third-party platforms like CoinGecko or CoinMarketCap for information about LUNC. A dedicated website would offer comprehensive details about the network, its functionalities, and its roadmap.
- Attracting Developers and Users: A well-designed website can act as a magnet, attracting developers to build on the Terra Luna Classic network and users seeking reliable information.
- Independent Identity: The lack of a central website has hampered LUNC’s ability to compete with other blockchains. An independent platform strengthens LUNC’s brand and establishes a clear online presence.
Community Divided, But Hopeful
As of press time, the voting results are mixed. While 14.22% of the community supports the proposal, a significant portion (28%) oppose it. With five days remaining in the voting period, a sizable portion (46%) remains undecided.
Despite the divided vote, recent developments offer a glimmer of hope for LUNC. The network has seen positive news in recent weeks, including:
- Price Uptrends: LUNC has experienced price increases, suggesting renewed investor confidence.
- USTC Burn and Staking: The recent burning of 62 billion LUNC tokens by cryptocurrency exchange Binance, coupled with a rise in LUNC staking near its all-time high, indicates community support for revitalization efforts.
- USTC Price Surge: TerraUSD Classic (USTC), the algorithmic stablecoin that experienced a dramatic de-pegging in 2022, has shown surprising growth, rising 21.7% in the last 24 hours.
Uncertain Future, But Signs of Progress
The outcome of the website proposal vote remains to be seen. However, the ongoing discussion and recent positive developments suggest that the Terra Luna Classic community is actively seeking to rebuild trust and restore the network’s former glory. Whether a dedicated website will be the key to success is yet to be determined, but it represents a significant step in the ongoing recovery process.
