Terra developer mentioned the most important problem LUNC could face.
Interest in LUNC, the token of the Terra blockchain, has increased recently. LUNC-related keywords are trending, according to data from analytics firm Santiment.
Terra Developer Explains LUNC’s Challenge
LUNC is on the rise again with a 1.2% burn plan. However, within a few days, this situation quickly reversed.
The price of LUNA and LUNC fell as South Korean authorities issued an arrest warrant for Terra founder Do Kwon and five others. Kwon also faced further frustrations with a request for his passport to be revoked.
Both LUNC and LUNA have managed to recover some of their losses in the last 24 hours.
Will Chen, who played a role as a developer in Terra in the past, believes that there will be a bigger problem for Terra Classic in the future. According to Chen, LUNC is completely owned by the community and is in a completely separate structure from Do Kwon.
The biggest challenge $LUNC will have to face in the following months is clarifying the incentives.
Who are the $LUNC whales? Who controls the network?
I would imagine it hard to attract projects to build on Terra Classic until the rebels figure out who they're working for.
— Will Chen (@stablechen) September 16, 2022
Chen asked some important questions about LUNC:
“The biggest challenge in the coming months is the clarification of LUNC incentives.
Who are the LUNC whales? Who controls the network?
I believe it will be difficult to attract projects that can be built on Terra Classic until people understand who they are working for.”
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