{"id":19508,"date":"2023-06-25T09:16:23","date_gmt":"2023-06-25T09:16:23","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/terra-allies-six-samurai-team-aims-to-revive-the-ecosystem\/"},"modified":"2023-06-25T09:16:26","modified_gmt":"2023-06-25T09:16:26","slug":"terra-allies-six-samurai-team-aims-to-revive-the-ecosystem","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/terra-allies-six-samurai-team-aims-to-revive-the-ecosystem\/","title":{"rendered":"Terra Allies\u2019 Six Samurai team aims to revive the ecosystem"},"content":{"rendered":"
<\/p>\n
After a joint governance proposal on liquid staking derivatives in Terra Classic (LUNC), a new proposal emerged for the next quarter suggesting the formation of a dedicated team consisting of six senior full-stack engineers.<\/p>\n
The Terra Allies senior full stack engineering team \u2014 known as the \u201cSix Samurai\u201d \u2014 has presented their Q3 spend proposal, emphasizing their deep passion as LUNC holders. With a firm commitment to achieving \u201ca true revival of the ecosystem,\u201d the team pledges to dedicate their efforts and expertise toward this goal.<\/p>\n
Terra was originally an ecosystem with several moving parts. However, its TerraUSD (UST) stablecoin and LUNA asset faced catastrophe in 2022, causing vast changes to the project. Terra now has a new blockchain called Terra 2.0 with a new asset that is also called LUNA but referred to by most as Terra (LUNA2).<\/p>\n
In May 2022, the genesis block of the new chain was launched to conduct future transactions\u00a0and the original Terra chain was rebranded as Terra Classic.<\/p>\n
Presenting a detailed plan for the third quarter of 2023, the team proposes a budget of $116,000. The roadmap entails crucial milestones such as migrating from Columbus-5 to Columbus-6 and upgrading to the latest Cosmos SDK. <\/p>\n
Additionally, their roadmap includes pursuing the listing of Terra Classic on Keplr\u2019s web interface, a web tool for analytic visualizations, and Mintscan, a Cosmos block explorer catering to crypto exchanges and customers. <\/p>\n
Related: <\/em><\/strong>SEC argues against Dentons\u2019 motion to dismiss Terraform and Do Kwon\u2019s lawsuit<\/em><\/strong><\/p>\n In their proposal, the team expressed their readiness to undertake the necessary efforts to achieve a genuine revival of the ecosystem. They also emphasized their willingness to collaborate and coordinate with other teams that secure a mandate to develop LUNC. As a result, the LUNC community has shown a positive response thus far, leaning towards voting in favor of the proposal.<\/p>\n As per CoinMarketCap’s data, Terra Classic has experienced a decrease of 1.65% in the past 24 hours. It currently holds the 75th position and possesses a live market capitalization of $537,523,209 USD. The circulating supply of LUNC coins stands at 5,822,833,985,154, with the maximum supply not specified.<\/p>\n Magazine: <\/em><\/strong>\u2018Terra hit us incredibly hard\u2019: Sunny Aggarwal of Osmosis Labs<\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" After a joint governance proposal on liquid staking derivatives in Terra Classic (LUNC), a new proposal emerged for the next quarter suggesting the formation of a dedicated team consisting of six senior full-stack engineers. The Terra Allies senior full stack engineering team \u2014 known as the \u201cSix Samurai\u201d \u2014 has presented their Q3 spend proposal, […]<\/p>\n","protected":false},"author":1,"featured_media":19509,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-19508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"yoast_head":"\n