Summary
After contacting a few of the dev from the Terra team to understand the future of LUNC, they said there is no Classic team to maintain the LUNC. They have no answer to go forward. Additionally, they blocked the delegation at governing for the vote. The majority of current votes are in favor of whatever Do-Kwon said. That’s why the previous voting got rigged everyone knows that.
If there is no team to maintain the classic, Do Kown and his team MUST give full rights GitHub branch of the classic team who are going to work in the future in the core of LUNAC. Please hand it over to the new team to work on.
Problems of Ethics
- Validators are one important role in the blockchain. But if they are not in favor of decentralization and voting right, we will have corruption, that is what we had so far locking people to delegate and control the vote in their favor. It is not fair for the community in which you worked in previous years.
- Exchanges are part of our financial bloodline to survive our coins, but exchanges could have done better to halt if some of % falls back/up in order to protect the people’s assets.
- Developers must maintain honesty and deliver what the user needs, we will reward the team who works based favor of the community proposal
Validators
LUNC validators must come forward for the future of LUNC to stabilize the network. Rather than current validation rewards, I would like to propose for the validators to get well paid for maintaining the LUNC.
Developers
Developers must take leadership for the people. If bad players in involve, those players must be audited. Instead of sticking with a small group of players, I would like to propose crowdsourcing with open source.
The Current Problems in LUNC
The community wants to build back better, right now we have
6,906,653,820,272 Supply
6,540,163,470,048 Circulation
We could have burned a lot by designing fee structures. I would explain how fee structures can burn and be profitable to various dev and validators, as well as the benefit for the community.
Some people may think we got no money to pay and cover maintaining the LUNC, but we can do something better with the new governing plan.
Motivation
This proposal will come to form the LUNC Team to move on with new fee structures and governing roles. This comes with
- Proof of Token
- Proof of Security
- Proof of Vote
Proposal
We should have two teams, one is for LUNA and LUNC, we could co-exist, but however, the governing structure must change.
Thus, the Terra team must hand over to the LUNA team who are going to work for under the new governing system, we could hire the best and prove that we could move on without Do Kwon’s involvement.
Here, I would like to introduce a new governing contract to get the crypto community to vote.
The Crypto community has crypto cult followers, exchanges, validators, and dev. Without anyone of them, we wouldn’t be here. Thus, we will have Exchanges involved in voting too.
Transparency is important in building trust, we will not select just a few exchanges to vote, and devs to work on, we will have dev from around the world who can contribute and maintain community proposals. The validators will not need a license to run or permission to run from anyone to earn fair shares.
Now, the current situation in LUNC is getting oppressed by NOT getting the right to govern, so I would like to present new governing ideas to adopt to show how the community can build back if they are not going to work or explain who will be working on LUNC.
Here is the link to visit the new governing the contract idea - (first draft) https://www.figma.com/file/5g6GZeW0YfyZ9mIuIPjvbY/LUNC-Contract-Voting?node-id=0%3A1
If you would like to customize and add more, you can simply copy the file in Figma and update it.
