- The Terra Luna Classic community is voting to create a new website for LUNC.
- The author estimated that Bitcoin.Org would see a loss of 3.25 million visitors.
- When the Terra Luna Classic was restored, prominent LUNC members protested the proposal.
The community of Terra Luna Classic (LUNC) is making great strides in reviving the network, as revealed in a new governance proposal, which author Dawid Skinder explains is causing the network to lose popularity and attract potential investors.
Why do we need an official LUNC website now?
The official website for Terra Luna Classic has been non-existent since UST was unpegged in May 2022, causing Terra (LUNA) and the UST token to crash within days. Later that year, after LUNA rebranded to LUNC, the blockchain’s revival efforts were left to the community.
According to Skinder’s estimates, LUNC is losing traffic because it doesn’t have a website. Skinder also suggested that it could be missing anywhere from 4,000 to 162,500 investors.
After Bitcoin.org, Terra Luna Classic emerges as a site model
While the governance proposal has raised eyebrows among Terra Luna Classic community members, the idea behind proposal #12117 is to create a comprehensive site like Bitcoin.org. Inspired by the home sites of leading digital assets, the authors want to build a website for LUNC.
To do this, Skinder suggests working on a website concept first. Create a website concept through a UX and branding workshop, then create unique content through key visual design and copywriting services. Then, create a minimum viable product (MVP) before final website design and launch.
This governance proposal, currently up for voting on Galaxy Station, has received 14.22% of ‘yes’ votes, with 38.06% of community members voting against the proposal so far. 47.37% of Terra Luna Classic members voted ‘no with veto’.
With over 4 days remaining, 230.24B of the 1.04T votes have been cast. This development is well reflected in the price of LUNC, which surpassed the $500 million market cap on Wednesday.
According to CoinGecko, LUNC is trading at $0.00009234 and is up 15.9% daily at the time of writing.
On the other side
- The proposal to build an all-in-one website has received a huge backlash from Terra Luna Classic network validators. Claim Private businesses should not be funded from community reserves.
- For example, LVS nodes claim that the proposal was previously rejected for being too costly, and the revised proposal #12117 attempts to transfer that work to the Terra Luna Classic community.
Why this matters
Popular portals like Bitcoin.Org and Solana.Com attract up to 2 million unique visitors per month, contributing significantly to the success of related cryptocurrencies.
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