Terra Classic Community Transfers CoinMarketCap Dashboard Access to Allnodes Amid TFL Silence

CryptoNewsLand

2024-11-16 12:46:17

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Terra Classic transfers CoinMarketCap dashboard to Allnodes, signaling a move toward decentralized governance

LUNC and USTC gain momentum as Terra Classic community entrusts Allnodes with critical dashboard updates

Over 76% vote backs Allnodes to manage Terra Classic dashboard, boosting eco transparency and efficiency

The Terra Classic community has taken decisive steps to enhance eco transparency by transferring CoinMarketCap dashboard access to Allnodes. This follows repeated requests to Terraform Labs (TFL), which did not respond to the community’s call for action. In addition, the approval of Text Proposal 12145 marks a significant shift in control, empowering the community to manage its assets more directly.

With over 76% of voters supporting the proposal, the decision highlights strong confidence in Allnodes’ ability to act as a temporary custodian. Allnodes will now oversee updates to the dashboard, ensuring accurate representation of the Terra Classic eco.

Terra Classic Community Votes for Change

This decision comes after Terraform Labs (TFL) failed to respond to multiple requests for the transfer Allnodes abstained from voting to remain impartial, while only 0.20% of votes opposed the proposal. In addition, another 0.23% voted “No with veto,” indicating minimal resistance. The community’s choice highlights a shift toward decentralized governance, ensuring that updates reflect current eco developments.

Positive Impact on LUNC and USTC Prices

The transfer announcement has positively influenced its native tokens, LUNC and USTC. Both tokens experienced upward momentum, breaking through resistance levels. This price surge demonstrates market confidence in the community’s governance and its ability to make effective decisions. Moreover, Allnodes has pledged to implement updates and necessary changes while adhering to governance guidelines

This move enhances transparency and positions Terra Classic for better alignment with its stakeholders. In addition, by taking proactive steps, the community aims to ensure the dashboard remains a reliable resource for eco participants.

The post Terra Classic Community Transfers CoinMarketCap Dashboard Access to Allnodes Amid TFL Silence appeared first on Crypto News Land.

LUNC-2,37%

USTC-1,2%

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