The Terra Luna Classic community accepted the proposal to move from a monthly pricing model to a pay-per-work model. This development could be a catalyst for the recently booming ecosystem tokens LUNC and USTC. Meanwhile, the founder of the altcoin project, Do Kwon, appealed the extradition decision of the Montenegrin Court. The Terra community is closely following which extradition of Do Kwon will be made and to which country he will be extradited.
Terra Luna Classic community accepts critical offer
The altcoin community has accepted another important proposal as it prepares for the revival of Terra Luna Classic (LUNC) and the reregulation of the USTC stablecoin to $1. The proposal aims to have a guideline for the pay-for-work approach on the Terra Classic Blockchain, with core developer L1TF entering maintenance mode for Q4. Proposal 11889 “Backlog managed by pay per job and governance” passed successfully. The proposal finds the monthly roadmap and payment planning model inadequate. So, it plans to move to a pay-per-work model.
The proposal received 91.99% “Yes” votes. Others mostly voted “Abstain”. The community believes this will optimize the compensation structure and provide flexibility and transparency. He also expects it to increase community engagement and reduce risks. Of the 56 validators who participated, 49 voted in favor of the proposal, while 7 voted “Abstained.” Leading validators such as Allnodes, Orion, Interstellar Lounge, Stakely and StakeBin have approved the proposal.
The altcoin project has taken an important step, but…
As the L1TF moves into “maintenance mode” for Q4, Terra Classic has many tasks awaiting attention. Introducing a pay-per-job approach will handle tasks more efficiently. New job listings can be proposed through management text quotes with details including the job title, a detailed description, a budget, and an estimated duration. The team includes the following statement in the proposal:
The monthly pricing model gives developers a consistent sense of financial security. However, it is based on a broad roadmap that may change as the quarter progresses. Given certain upcoming tasks, a more efficient model may be necessary.
Expectations are that the proposal will bring potential positive changes to Terra Classic. However, initial hurdles still remain for the altcoin community. Additionally, this system does not account for ongoing maintenance tasks such as bug fixes, release preparations, and deployment that are handled by L1TF or volunteer contributors.
Will the court hear Do Kwon’s objection to extradition?
Do Kwon, founder of Terraform Labs (TFL), filed an appeal against the extradition decision made by the Supreme Court of Podgorica in Montenegro. The Montenegrin Court of Appeals confirmed on December 6 that Do Kwon had appealed the decision. Terra founder said, “I do not accept the court’s decision to extradite me. Therefore, I do not comply with the court’s decision.” said. With this appeal, the Montenegrin Court of Appeals will re-evaluate the extradition decision. As a result, the Montenegrin Ministry of Justice is having difficulty reaching a definitive decision on the extradition of the founder of altcoin Terra by the December 15 deadline.
This legal development follows the initial decision of the Montenegrin court on June 15, which set a six-month detention period until December 15 for Do Kwon’s extradition, as you follow on Kriptokoin.com. Following the latest developments, Podgorica Supreme Court Press Officer Marija Rakovic made a statement on December 1. Rakovic stated that people involved in extradition cases, such as Do Kwon, have the right to appeal court decisions. Rakovic also said, “After the appeal is filed, the Montenegrin Court of Appeals will decide again.” said. Meanwhile, according to experts, the probability of the court overturning the extradition decision is quite low. However, the legal process continues.
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