{"id":217943,"date":"2023-12-23T16:39:18","date_gmt":"2023-12-23T11:09:18","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=217943"},"modified":"2023-12-23T16:39:18","modified_gmt":"2023-12-23T11:09:18","slug":"cosmos-stacks-developers-lend-helping-hand-for-terra-luna-classic-lunc-revival-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/cosmos-stacks-developers-lend-helping-hand-for-terra-luna-classic-lunc-revival-crypto-news\/","title":{"rendered":"Cosmos Stacks Developers Lend Helping Hand For Terra Luna Classic (LUNC) Revival – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

Genuine Labs<\/strong>, a group of developers experienced in Cosmos stacks, offered a lending hand to the Terra Luna Classic community, which will potentially help in the revival of LUNC and USTC repeg. The developer team discovered a number of issues with Terra Classic and submitted a proposal for voting to address these issues.<\/p>\n

New Developer Group On Terra Luna Classic<\/h2>\n

Proposal 11940 \u201cGenuine labs Terra Classic Development Proposal<\/strong>\u201d is up for governance voting on the Terra Luna Classic community-backed Station wallet. The team proposes to work in collaboration with the L1 teams on Terra Luna Classic.<\/p>\n

<\/p>\n

The developer group plans to initially focus on integrating and improving the IBC Hooks and Packet Forward Middleware (PFM) features, as well as enhancing the end-to-end testing and interchain testing for the fee tax charging mechanism. Former L1TF member Fragwuerdig noted that IBC-hooks and PFM have already been implemented on the following branch and Genuine labs may need to repost job proposal.<\/p>\n

It consists of senior developer Nguyen<\/strong>, senior developer Minh<\/strong>, and junior developer Dong<\/strong>. They contributed to Osmosis, Quicksilver, Stride, and Composable; worked on core repositories like Gravity-Bridge, IBC-Go, Cosmos-SDK; and developed fee abstraction module among other assignments.<\/p>\n

The team looks to bring valuable improvements to Terra Luna Classic ecosystem and seeks $16,000<\/strong> for a timeline of 6 weeks<\/strong>.<\/p>\n

<\/p>\n

The initial voting reveals that 97% of the community members are in favor. However, the proposal has also received 2%\u00a0 \u201cNo with veto\u201d and 1% \u201cNo\u201d votes. Some validators have also voted in favor of the proposal.<\/p>\n

<\/p>\n

Read More: Terra Luna Classic Community Counts On Tax2Gas for LUNC And USTC Revival To $1<\/a><\/strong><\/p>\n

LUNC price<\/a> jumped 3% in the past 24 hours, with the price currently trading at $0.000161. The 24-hour low and high are $0.000153 and $0.000170, respectively. Moreover, trading volume has increased by 60% in the last 24 hours, indicating a rise in interest among traders.<\/p>\n

Meanwhile,\u00a0USTC price<\/a> trades at $0.0361, up 3% in the last 24 hours. The trading volume has increased by 120% amid a number of USTC burn proposals.<\/p>\n

Also Read: Ethereum Ain\u2019t Dead: Here\u2019s Why Ethereum Can Outperform Bitcoin in Q1 2024<\/a><\/strong><\/p>\n

<\/p>\n

\n
\n

\u2713 Share:<\/p>\n

<\/a><\/p>\n

\n
\n \"coingape\"
\n<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n
\n
\n

<\/p>\n

\"\"\"\"<\/div>\n
Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n

\n
\n

<\/p>\n

\"\"\"\"<\/div>\n
Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p>\n

\n
\n
\n
\n
\n<!–<\/p>\n
<\/div>\n

–><\/p>\n

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. <\/p>\n<\/p><\/div>\n

\n \"\"\"\" <\/div>\n<\/p><\/div>\n<\/p><\/div>\n
\n

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.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n Crypto Stories<\/span><\/p>\n

View all<\/a>\n <\/div>\n

\n
\n
\n
\n <\/p>\n
\"Bitcoin\"\"Bitcoin\"<\/div>\n
Nigeria Lifts Crypto Ban: Banks Now Facilitate Bitcoin Transactions <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"Blog-72\"\"Blog-72\"<\/div>\n
Unveiling Solana\u2019s Hidden Gems: Low Cap Wonders <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"Crypto\"\"Crypto\"<\/div>\n
2024 Crypto Trends: Halving, Ethereum 2.0, Web3 And Much More <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Genuine Labs, a group of developers experienced in Cosmos stacks, offered a lending hand to the Terra Luna Classic community, which will potentially help in the revival of LUNC and USTC repeg. The developer team discovered a number of issues with Terra Classic and submitted a proposal for voting to address these issues. New Developer […]<\/p>\n","protected":false},"author":2,"featured_media":154435,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-217943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/217943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=217943"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/217943\/revisions"}],"predecessor-version":[{"id":217945,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/217943\/revisions\/217945"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/154435"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=217943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=217943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=217943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}