{"id":5938,"date":"2023-06-25T07:26:15","date_gmt":"2023-06-25T11:26:15","guid":{"rendered":"https:\/\/sikaoer.com\/terra-allies-six-samurai-team-aims-to-revive-the-ecosystem\/"},"modified":"2023-06-25T07:26:15","modified_gmt":"2023-06-25T11:26:15","slug":"terra-allies-six-samurai-team-aims-to-revive-the-ecosystem","status":"publish","type":"post","link":"https:\/\/sikaoer.com\/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":"


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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: <\/strong>SEC argues against Dentons\u2019 motion to dismiss Terraform and Do Kwon\u2019s lawsuit<\/strong><\/p>\n

In their proposal, the team expressed readiness to undertake the necessary efforts to achieve a genuine ecosystem revival. 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 toward voting in favor of the proposal.<\/p>\n

As per CoinMarketCap data, LUNC has dipped\u00a01.65% in the past 24 hours. It currently holds the 75th position and possesses a live market capitalization of $537,523,209. The circulating supply of LUNC coins is 5,822,833,985,154, with the maximum supply not specified.<\/p>\n

Magazine: <\/strong>\u2018Terra hit us incredibly hard\u2019: Sunny Aggarwal of Osmosis Labs<\/strong><\/p>\n<\/div>\n


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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":5939,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-5938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain"],"yoast_head":"\nTerra Allies\u2019 Six Samurai team aims to revive the ecosystem - Sikaoer - The Best Crypto News Site.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sikaoer.com\/terra-allies-six-samurai-team-aims-to-revive-the-ecosystem\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Terra Allies\u2019 Six Samurai team aims to revive the ecosystem\" \/>\n<meta property=\"og:description\" content=\"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. 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