In addition to the recently approved Proposal 12142, a majority of voters in the Terra ecosystem voted “YES” on another proposal called “Dealing with CoinMarketCap and Other Listings” or Proposal 12141. According to details provided by CNF, this decision will allow access to TerraForm Lab’s (TFL) listings on popular aggregators.
As revealed, the proposal seems necessary because TFL is the only entity with the “keys” to update this important system despite the bankruptcy. Meanwhile, these platforms are crucial in displaying price data, trading volumes, etc. In the context of these important developments, TFL is preparing to cease operations on October 30 after filing for Chapter 11 bankruptcy in Delaware. This implies that important services such as Alliance Hub, Mantlemint, FCD, and API services will cease to function without a third-party takeover.
Regardless, LUNC has effectively held its position against all odds as it is currently trading at $0.00009. At press time, the asset is up 3% over the past 24 hours.
