Terra Luna Classic Community-Owned Wallet Proposal Passes with Overwhelming Support from Validators and Community

The Joint L1 Task Force for Terra Luna Classic has proposed the creation of a community-owned wallet, which will be managed through governance by the LUNC community. The proposal to prioritize building wallet infrastructure and prevent privatization has been officially passed by the Terra Luna Classic community, with almost 71% in favor and 27% abstaining. The community-owned wallet will be developed free of charge by the Joint L1 Task Force, with costs such as domain registration and hosting covered by their compute budget. The LUNC price has jumped 3% in the past 24 hours, currently trading at $0.000088, while USTC price has increased by 7% in the past 24 hours and 40% in a week.

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