Terra Classic Community: Should Terra wait before voting on crucial proposal 11030?


Terra Classic developer Terra Rebels’ Proposal 11030 has been put up for public vote by the community. Terra Rebels will be able to receive 937,500,000 LUNC tokens valued at $150,000 from the community pool for Rebel Station Development. It will allow LUNC to separate from Terraform Labs and Do Kwon. The community is now evaluating whether it would be beneficial to LUNC.
Proposal 11030 By Terra Classic Developer Terra Rebels
Terraform Labs announced plans for ending support for Terra Station wallet in order to concentrate on LUNA-specific crosschain “Station”, wallet as part of their latest developments. Terra Classic developer Terra Rebels was asked to make expensive L1 changes to blockchain before December 15.


Terra Rebels presented Proposal 11030 to be independent of Do Kwon and TFL, considering that it was impossible to complete in the given time. It was the final stage of the Terra Classic Revival Roadmap.
Terra Rebels announced that they would no longer support Terra Station. TerraCVita will now manage Terra Station with TFL support.
Some believe that the community should wait until they vote. Jared, TFL’s Jared, communicated with TerraCVita in order to share API.Terra.Dev data. This could allow TFL to continue supporting Terra Station with TerraCVita. It also prevents Terra Rebels from receiving $150,000 in LUNC for its Rebel Station infrastructure assets and assets.
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The voting will close in 6 days. The proposal has received 95% support from 12 validators, including StakeBin (Venezuela Validator), who have voted “Yes”. The proposal was also supported by “Crypto King Burn and Build” as well as “Classy’s Crypto Sphere”. It is important to note that Terra Classic developer Vegas signed the proposal as a lead signer. Other validators are yet not to vote.
What Impact could the proposal have on the LUNC price?
If the proposal is approved by the community, Terra Classic (LUNC), price could be affected. Experts suggest that the LUNC price could fall to $0.00010.


Yesterday’s rally in LUNC Price was over 6% but the price has not been able to capitalize on it, reversing previous gains. Currently, the LUNC Price is trading at $0.000171. The low and high for the 24-hour are $0.000168 (respectively) and $0.000176 (respectively).
Also read: Has The Terra Classic (LUNC), Revival Rally to $0.001 Been Started?

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