Terra Classic Community Approves Key CoinMarketCap Proposal

The Terra Classic community has endorsed the proposal to request that CoinMarketCap grant access to Allnodes.

The Terra Classic community has approved a proposal to directly transfer access to the CoinMarketCap dashboard account to the top validator, Allnodes. The decision was made in response to a recent request from the community for Terraform Labs to grant access to the validator. However, the company failed to transfer access. The most recent developments have resulted in the price of LUNC and USTC gaining upward momentum, enabling them to surpass resistance levels.

LUNC News: Terra Classic Approves Proposal to Transfer Access

The community has decided to transfer CoinMarketCap dashboard access to Allnodes, as indicated by Text Proposal 12145. The dashboard information of Terra Classic, which encompasses social media links, website details, and other critical data, will be managed and updated by the top validator.

TFL was requested to transfer CoinMarketCap dashboard access for Terra Classic ecosystem assets to Allnodes; however, action or response still needs to be received.

As previously stated, Allnodes consented to serve as a temporary custodian of these access rights and agreements to implement any pertinent modifications on CoinMarketCap after the governance voting.

It is important to note that the proposal received over 76% of the vote, which confirms the Terra Classic community’s support. Additionally, it received an abstention from Allnodes and 0.20% “No” votes, as well as 0.23% “No with veto” votes.

The prices of LUNC and USTC are on a positive trajectory

The price of LUNC has increased by 4% in the past 24 hours in response to the significant Terra Classic news, and it is currently trading at $0.0001016. The low and high hours of the 24 hours are $0.00009656 and $0.0001042, respectively. Additionally, an analyst anticipates that the Terra Luna Classic price could experience a 480% increase in the near term as the burn rate continues to increase.

Recent data from Coinglass indicates that the open interest in 1000LUNC on Binance and Bybit has increased by over 15% in the past 24 hours. This suggests that derivatives traders are actively purchasing LUNC futures.

In the interim, the price of USTC has increased by over 5%, and it is currently trading at $0.02269. Nevertheless, the trading volume experienced a 32% decrease in the past 24 hours. The price has declined by over 1% in the past week.