Terra Luna Classic Community Rejects Bitcoin.org-Style Website Proposal
- LUNC surged 30% in the past 6 days.
- The LUNC community rejected a proposal to create an independent website.
- TFL announced positive developments in its Chapter 11 bankruptcy proceedings.
Terra Luna Classic surprised many crypto community members by surging about 30% in the past week. The crypto token rallied despite its community rejecting a proposal to create an independent website. However, users attributed the LUNC price surge to positive developments from Terraform Labs (TFL) amid its Chapter 11 bankruptcy proceedings.
Recently, the Terra Classic community overwhelmingly rejected a proposal to create a website modeled after Bitcoin.org. According to the community member who submitted the proposal, it was intended to integrate design processes and concept workshops to foster community cohesion.
Only 4% of Terra Classic community members voted in favor of the proposal, with 21% voting against it. An overwhelming 63% of the members vetoed the proposal, while 12% abstained.
Notably, the proposal’s rejection did not affect LUNC’s rally this week. The crypto token opened trading at $0.00007493 at the beginning of the week, reaching a high of $0.00009614…
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