Validator Allnodes favors the controversial 11479 proposal from the Terra Rebels developer group, while the Terra Classic community remains divided over providing funds for the Rebel Station. The community believes that Terra Rebels mismanaged funds previously provided for the Rebel Station and caused FUD that caused the LUNC price to plummet.
Terra Rebels’ LUNC proposal nearly passed
Last week, proposal 11459 from Terra Rebels nearly passed, but validator Allnodes, with 15% voting power, voted “No” on the proposal. Allnodes said it voted “No” on proposal 11459 due to a lack of transparency about the nodes deployed and the requests handled by Terra Rebels.
Terra Rebels has provided all the details, including nodes and servers that handle endpoint scalability and distributed storage. Terra Classic validator Allnodes also stress tested the Terra Rebels infrastructure by redirecting all volumes from the Allnodes public node to Terra Rebels. The test was successful and Allnodes support Rebel Station.
“Terra Classic blockchain requires at least two independent endpoints. While there is still plenty of room for growth, I think the Terra Rebels endpoint is currently a good choice as a backup endpoint for the Terra Classic blockchain.”
After Allnodes voted “Yes”, the proposal is almost passed with 2 days left. The 11479 proposal has received 47% in favour, with 41% voting “No” and 12% voting “No with veto”. Other 13 validators, including MAX, JESUSisLORD, Autism Staking and Crypto Genesis, support the proposal. While 13 validators such as TCB, Luna Station 88, HappyCattyCrypto and LUNC DAO rejected the proposal.
Terra Rebels is seeking $37,593 in LUNC tokens from the common pool, with $7,593 for running costs and $30,000 for wages. The funds will help with running costs and technical support of Rebel Station Infrastructure for 3 months.
Terra Classic (LUNC) price breaks below support level
The price of LUNC is down 2% in the last 24 hours with the price currently trading at $0.000113. The 24-hour low and high are $0.000112 and $0.000115, respectively. In addition, trading volume is down 11% in the past 24 hours, indicating a decline in interest among traders.
Terra Classic has fallen below the key support level of 0.00012 as the community faces a crisis as core developers Ed Kim and Tobias “Zaradar” Andersen left the Joint L1 Task Force’s development team.
Also Read: Nasdaq Listed Bitcoin Mining Company Buys Miners Worth Millions
Varinder is a technical writer and editor, technology enthusiast and analytical thinker. Fascinated by disruptive technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for quite some time and is currently covering all the latest updates and developments in the crypto industry.
The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication is not responsible for your personal financial loss.
This post Allnodes supports Terra Rebel’s controversial Terra Classic proposal
was published first on https://coingape.com/lunc-news-allnodes-supports-terra-rebels-controversial-terra-classic-proposal/