HomeNewsTerra Luna Classic Aims High: Could the Decentralized Debit Card Pave the...

Terra Luna Classic Aims High: Could the Decentralized Debit Card Pave the Way to $1?

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  • Terra Luna Classic (LUNC) community overwhelmingly votes in favor of a decentralized debit card, aimed at boosting utility and on-chain transactions.
  • L1 Terra Classic Task Force prepares for v2.2.0 core upgrade; LUNC and USTC prices both drop by 1% in the last 24 hours.

In a bold maneuver poised to revolutionize its ecosystem, the Terra Luna Classic (LUNC) community has almost unanimously voted to advance a decentralized debit card. This audacious decision signifies the community’s ongoing commitment to expanding LUNC’s real-world applicability, thereby enhancing its intrinsic utility.

A Vote for Utility and On-chain Transactions

The proposal, designated as “11750 LUNA Classic Decentralized Debit Card,” is currently accessible for review on the Station wallet. Originating from an undisclosed validator, the proposal aims to facilitate spending of LUNC in everyday places such as supermarkets and coffee shops. While the ambitious initiative has been well-received—garnering a whopping 96.33% of “Yes” votes against a meager 3.67% of “No” votes—the community remains somewhat in the dark regarding execution specifics, given the anonymous status of the proposing validator.

Unveiled under the banner of the “Secure LUNA Validator,” the proponent offers to utilize their own capital to bolster the project. A ‘Yes’ vote, according to the proposal, will directly translate into an investment geared toward elevating and onboarding more secure validators, thereby enriching the community’s engagement and security profile. It’s not merely an invitation to a new feature; it’s a strategic move to make LUNC indispensable by integrating it into daily financial activities. Consequently, this could act as a magnet for external investments and serve as an impetus for a spike in on-chain transactions.

Prepping for Core Upgrades

As the decentralized debit card proposal steals the limelight, the Terra Luna Classic developer team, known as the L1 Terra Classic Task Force (L1TF), is busy finalizing preparations for a significant v2.2.0 core upgrade. This new version is slated to update the cosmos SDK, migrate tendermint to CometBFT, and make several other foundational changes. Although details are yet to be disclosed, it is understood that this upgrade will also soon be subject to community voting.

Financial indicators for the LUNC ecosystem show a slight dip, with the token trading at $0.000064, marking a 1% drop in the past 24 hours. The price of its counterpart, USTC, also fell by 1%, now trading at $0.012. Despite these minor fluctuations, the overwhelming support for the decentralized debit card proposal showcases the community’s forward-looking mindset and eagerness to innovate.

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Godfrey Benjamin
Godfrey Benjamin
Godfrey Benjamin is an experienced crypto journalist whose primary goal is to educate everyone about the prospects of Web 3.0. His love for crypto was sparked during his time as a former banker when he recognized the clear advantages of decentralized money over traditional payments. Business Email: info@ethnews.com Phone: +49 160 92211628