LUNC News: The Terra Classic community has approved a proposal to request CoinMarketCap to provide Allnodes access.
LUNC News: The Terra Classic community has approved a proposal to transfer CoinMarketCap dashboard account access directly to top validator Allnodes. The move comes after the community recently asked Terraform Labs to grant validator access, but the troubled company failed to transfer access. In the latest development, LUNC and USTC prices gained upside momentum and broke through resistance levels.
LUNC News: Terra Classic agrees to proposal to transfer access rights
Text proposal 12145 “Request to transfer CoinMarketCap dashboard access to Allnodes” has passed as the community has decided to transfer CoinMarketCap dashboard access to Allnodes. Top validators will manage and update Terra Classic’s dashboard information, including social media links, website details, and other important data.
TFL was asked to transfer CoinMarketCap dashboard access for Terra Classic ecosystem assets to Allnodes, but received no action or response from anyone.
As previously stated, Allnodes agreed to act as the temporary custodian of these access rights and agreements to make any relevant changes to CoinMarketCap following the governance vote.
Notably, the proposal received more than 76% of votes in favor, confirming the support of the Terra Classic community. In addition, the proposal received 0.20% of "no" votes and 0.23% of "no" votes, as well as abstentions from Allnodes.
LUNC and USTC prices rise
In key Terra Classic news, the price of LUNC has surged 4% in the past 24 hours and is currently trading at $0.0001016. The 24-hour minimum and maximum prices were $0.00009656 and $0.0001042, respectively. In addition, one analyst expects that the price of Terra Luna Classic could surge 480% in the short term as the burn rate continues to rise.
Coinglass data shows that open interest in 1,000 LUNC contracts on Binance and Bybit has surged by more than 15% in the past 24 hours. This indicates that derivatives traders are actively buying LUNC futures.
Meanwhile, USTC price is up more than 5% and is currently trading at $0.02269. However, trading volume has dropped by 32% in the past 24 hours. The price is still down more than 1% on a week-to-week basis.
