Terra Alleys’ Six Samurai team aims to revive the ecosystem

Following 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.

Terra Elise’s senior full stack engineering team – known as the “Six Samurai” – has Presented Their Q3 spending proposal emphasizes their deep passion as LUNC holders. With a firm commitment to achieving a “true revival of the ecosystem”, the team pledges to dedicate their efforts and expertise to this goal.

Terra was originally an ecosystem with many moving parts. However, its TeraUSD (UST) stablecoin and Luna asset suffered a halving in 2022, prompting major changes to the project. Terra now has a new blockchain called Terra 2.0 with a new asset also called LUNA but most people refer to it as Terra (LUNA2).

In May 2022, the genesis block of the new chain was launched to conduct future transactions, and the original Terra chain was rebranded as Terra Classic.

Presenting a detailed plan for the third quarter of 2023, the team proposed a budget of $116,000. The roadmap includes important milestones such as migrating from Columbus-5 to Columbus-6 and upgrading to the latest Cosmos SDK.

Additionally, their roadmap includes the listing of Terra Classic on Kepler’s web interface, a web tool for analytical visualization, and the inclusion of Cosmos block explorer MintScan, which serves crypto exchanges and clients.

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In its proposal, the team expressed its readiness to make necessary efforts to achieve genuine ecosystem revival. He also emphasized his willingness to collaborate and coordinate with other teams securing the mandate to develop LUNC. As a result, the LUNC community has so far shown a positive response, leaning toward voting in favor of the proposal.

According to CoinMarketCap data, LUNC has drowned 1.65% in the last 24 hours. It is currently ranked 75th and has a live market capitalization of $537,523,209. The circulating supply of LUNC coins is 5,822,833,985,154, with a maximum supply not specified.

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