'6 Samurai' Established To Develop LUNC! Can it?

<p>&nbsp;"Do you think the price of LUNC will go up or stay the same after this new proposal is implemented?"</p><p><br /></p><p>Immediately after proposing liquid staking derivatives (LSD)* in Terra Classic, the latest proposal is reported to be the formation of a dedicated team of six full-stack senior engineers**.</p><p><br /></p><p>*allowing staking parties to earn revenue without losing the liquidity of their staking assets</p><p><br /></p><p>**Senior-level computer programmer with skills in front-end and back-end system coding and project management experience with system administration skills</p><p><br /></p><p>Terra Allies' full-stack senior engineering team or better known as Six Samurai has presented their third quarter spending proposal as part of its goal to redevelop the Terra Classic ecosystem.</p><p><br /></p><p><br /></p><p>It is already known that Terra now has a new blockchain called Terra 2.0 after the stablecoin TerraUSD (UST) suffered a drastic fall in 2022 thus affecting the project it was running at that time.</p><p><br /></p><p>In context, the genesis block on the new chain was launched in May 2022 to conduct future transactions while Terra was rebranded as Terra Classic.</p><p><br /></p><p>Returning to the description, Six Samurai who presented a detailed plan for the third quarter of 2023 has proposed a budget of $116,000, where their roadmap is like migrating from Columbus-5 to Columbus-6 and then upgrading to the latest Cosmos SDK.</p><p><br /></p><p>Not only that, the roadmap will also continue listing Terra Classic on Keplr's web interface, a web tool for analytics visualization and Mintscan, which is a Cosmos block explorer that meets the needs of crypto exchanges and customers.</p><p><br /></p><p>Six Samurai is also willing to collaborate and coordinate with other teams to develop Terra Classic or known as LUNC, therefore its community has shown a positive response when more inclined to vote in favor of the proposal.</p><p><br /></p><p>However, LUNC price still recorded a decrease of 2.30% at the level of $0.0000090 in the last 24 hours with a market capital of $527 million but still saw a jump of 2.08% over the last week.</p>