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- Chosen from the Terra LUNC community, the “samurai six” team is intended to help the Terra blockchain achieve significant milestones in the coming quarters.
- The proposal highlights that the team of developers will focus on establishing a USTC Testnet that recently passed community governance.
The full-blown adoption of Terra Luna Classic (LUNC) is highly pegged to the underlying developments of smart contract-enabled blockchain. Terra Luna Classic, currently ranked 79 by market capitalization, is undeniably poised for more upside in the DeFi summer of 2023 based on the prior developments.
Furthermore, the $533 million valued network with a daily traded volume of approximately $30 million has an active global community with its social media platforms reaching millions.
Why Terra Luna Classic Needs the Samurai Six
According to a post by Bilbo Baggins and Solid Snake, the Terra Luna Classic community needs to approve a proposal to have a team of six senior engineering full-stack developers during the third quarter. Already, the Terra Luna Classic community has several proposals to analyze and approve for development purposes.
Chosen from the Terra LUNC community, the samurai six are intended to help the Terra blockchain achieve significant milestones in the coming quarters. the post noted.
We’ve assembled this team from experienced industry veterans, intending to bring value to the Terra Classic blockchain so that we can help push this chain where it deserves to go. The team is lean, experienced, and agile
If the proposal goes through, the Samurai Six team is expected to wholly commit to the Terra blockchain for the entire quarter. As a result, the Terra LUNC community will not have to worry about the developers leaving the projects before completion.
With the proposal, the team of developers will focus on migrating from Columbus-5 to Columbus-6, which reduces the synchronization time for archive nodes thus streamlining the network. Additionally, the Samurai Six will focus on updating the Cosmos SDK v0.46.x to Cosmos SDK v0.47.x.
The proposal also highlights that the team of developers will focus on establishing a USTC Testnet that recently passed community governance. In addition, the team will also enable the implementation of the Alliance module that on-boards Cosmos network chains to enable cross-chain staking for users.
As a result, the proposal highlights that Community Subpools are needed to better manage the funds and automatically allocate them in relation to the governance parameters.
Market Outlook
The crypto market is entering the second half of the year with a bullish outlook after institutional investors triggered higher demand. According to our latest crypto market data, Terra LUNC’s price has gained approximately 54 percent in the last year to trade around $0.00009093 on Monday during the early European market. The high network development puts the Terra LUNC market on a higher ground of rallying in the coming years.
