The Terra Luna Classic (LUNC) community is bracing for potential delays in the highly anticipated Tax2Gas upgrade after a prominent developer raised serious concerns about the current code implementation. The upgrade, designed to boost the blockchain’s utility and drive token prices, has been met with optimism but is now facing headwinds.
Genuine Labs, the core developer behind Terra Luna Classic, recently sought a code review for the Tax2Gas changes on GitHub. StrathCole, a respected developer in the LUNC community, has flagged significant issues with the current implementation, casting a shadow over the upgrade’s timeline.
According to StrathCole, the Tax2Gas development requires substantial refinement and further discussion before it’s ready for deployment. The developer has recommended a testnet deployment prior to the final pull request to identify and address potential problems. The current code, StrathCole warns, could adversely impact contracts, reduce rewards and burns, and hinder user transactions.
“They could have saved themselves a lot of rework by reaching out to the community and other developers earlier in the process,” StrathCole criticized. Despite this setback, the overall community sentiment remains cautiously optimistic. While the developer’s concerns are valid, many believe in Genuine Labs’ ability to overcome these challenges and deliver a successful upgrade.
The Tax2Gas implementation is seen as a pivotal moment for Terra Luna Classic. It’s expected to attract new dApps to the chain, increase LUNC burn rates, and potentially boost the token price significantly. Some community members are even predicting a LUNC price of $1 following the upgrade.
However, the current price of LUNC is trading below the key resistance level of $0.000090, indicating a challenging market environment. While the token saw a slight 1% increase in the past 24 hours, trading volume has dropped by 34%, suggesting waning investor interest.
As the Terra Luna Classic community navigates this period of uncertainty, all eyes are on Genuine Labs to address the identified issues and deliver a smooth Tax2Gas implementation. The success of this upgrade will be crucial for the project’s future and could significantly impact the price of LUNC and USTC.