Terra Luna Classic Core Dev L1TF Announces Terra Classic Coalition, LUNC To $1?

Terra Luna Classic core developer on Thursday announced the formation of Terra Classic Coalition group to contribute to the Terra Classic chain developments. The team will contribute their expertise and insights for most work on the Terra Classic chain without any funds. However, some tasks such as SDK upgrades will require funding from the community through a governance proposal.

Terra Classic Coalition

Vinh Nguyen, a developer in L1TF, shared a post on X revealing the Terra Classic Coalition. It is a group formed by key members of the community including Vinh, former L1TF developer Fragwuerdig, L1TF developer Gevik, developer StrathCole, and validator and creator Happy Catty Crypto.

The Terra Classic Coalition aims to work without restrictions of daily meetings or a fixed roadmap, committing fully to advancing the chain. The team will develop proposals for the chain’s developments and ensure a strategic approach for it.

The TCC is in support of the ‘pay per job’ payment model, recently approved by the Terra Luna Classic community. Further details on the implementation of the pay-per-job model will be proposed in the next weeks.

Each member will work independently and contribute their expertise to the Terra Luna Classic ecosystem. TCC will volunteer for most work, but requires funding for projects such as SDK upgrades. A separate proposal will be submitted when any project requires funding.

The details on L1TF continuing to exist or disbanded are not clear.

Read More: Terra Classic Community Passes Major Constructive Proposal, LUNC And USTC To $1?

LUNC and USTC Prices To Recover?

Terra Luna Classic tokens witness selloffs amid profit booking in the broader crypto market. However, LUNC and USTC remain 207% and 280% higher in a month, despite paring earlier gains.

LUNC price fell more than 3% in the last 24 hours, with the price currently trading at $0.000204. The 24-hour low and high are $0.000203 and $0.000245, respectively. Furthermore, the trading volume has decreased by 18% in the last 24 hours, indicating a decline in interest among traders.

Meanwhile, USTC price trades at $0.045, down 2% after massive profit booking. The 24-hour low and high are $0.0448 and $0.0502, respectively. Moreover, the trading volume fell 33% in the past 24 hours.

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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