The Terra Luna Classic (LUNC) community is facing a pivotal moment. Following the disbandment of the Joint L1 Task Force (JL1TF), a proposal is on the table to establish a new core team responsible for the blockchain’s development and key decisions. This community-driven initiative marks a significant step towards the future of LUNC.

The proposed team will be funded through a monthly community pool, ensuring a direct connection between its work and the stakeholders. Details regarding specific roles, salaries, and team size will be determined in a subsequent proposal after receiving the community’s green light on this initial step.

This vote represents a critical juncture for LUNC. With 82% approval so far, the community seems to overwhelmingly support the establishment of a core team. However, some concerns have been raised.

A handful of community members worry about potential centralization and a conflict with the existing pay-per-job model. Additionally, the lack of developer KYC (Know Your Customer) requirements has sparked discussions. These concerns highlight the importance of the upcoming discussions on Commonwealth, where the community and validators will collaboratively define the team’s structure and responsibilities.

The proposal’s positive reception has also impacted the token’s price. LUNC experienced a slight increase despite a decrease in trading volume. This suggests a potential long-term play by some investors who believe a core team could revitalize the project.

Looking ahead, the establishment of a core team could significantly impact LUNC’s development. With a dedicated group overseeing the blockchain’s future, the community hopes to see renewed growth and stability for Terra Classic. However, addressing the concerns about centralization and developer vetting will be crucial for ensuring long-term community trust in the project’s leadership.

The future of LUNC remains uncertain but the community continues to make an effort to grow and keep innovating. For any project, this paints a bullish outlook that will ensure the success of the project, community and LUNC.

By Alex Wheeler

Alex is a lead writer at AltcoinsAnalysis, bringing the audience all leading developments in the blockchain industry and the latest trends in the cryptocurrency market.