- The Terra Luna Classic community is voting to establish a new website for LUNC.
- Taking Bitcoin.Org as the prototype, the author estimates a loss of 3.25M visitors.
- Prominent LUNC members protest the proposal as Terra Luna Classic rebounds.
The community behind Terra Luna Classic (LUNC) is making huge strides towards reviving the network. This was revealed in a new governance proposal, where the author Dawid Skinder explains that the network is losing popularity and a wave of potential investors.
Why Is the Official LUNC Website Needed Now?
Terra Luna Classicโs official website has been absent since the UST de-pegging in May 2022, causing Terra (LUNA) and UST tokens to crumble in a matter of days. Later that year, after rebranding from LUNA to LUNC, the blockchainโs revival efforts were put into the communityโs hands.
In Skinderโs estimation, LUNC lost visits due to a lack of a website. Skinder also suggested an investor shortage that could have been anywhere from 4,000 to 162,500.
Terra Luna Classic to Model Site After Bitcoin.org
As the governance proposal raises eyebrows among Terra Luna Classic community members, the idea behind proposal #12117 is to have an all-encompassing site like Bitcoin.org. Inspired by the leading digital assetโs homesite, the author seeks to build a website for LUNC.
To do this, Skinder proposes working on a website concept first. After the website concept is created via UX and branding workshops, key visual design and a copywriting service will create unique content. Afterward, a minimum viable product (MVP) will be created ahead of the final website design and launch.
Currently up for voting on the Galaxy Station, this governance proposal has received 14.22% โYesโ votes, while 38.06% of community members opposed the proposition so far. Another 47.37% of Terra Luna Classic members voted โNo with veto.โ
With over four days remaining, 230.24B out of 1.04T votes have been cast. The developments reflected LUNC’s price well, as the altcoin surged past a $500 million market capitalization on Wednesday.ย
According to CoinGecko, LUNC is trading at $0.00009234 and is on a 15.9% daily upswing as of press time.
On the Flipside
- The proposal to set up an all-in-one website has received immense backlash from multiple Terra Luna Classic network validators, who assert that a private project should not be funded with community reserves.
- For instance, LVS Node claims that the proposal has previously been refused due to high costs, and the amended proposal #12117 attempts to shift the work off to Terra Luna Classicโs community.
Why This Matters
Popular portals like Bitcoin.Org or Solana.Com garner up to 2 million unique visitors a month, heavily contributing to the associated crypto currencyโs success.
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