• The Terra Luna Classic community overwhelmingly endorsed Genuine Labs’ spending proposal, leading to a 20% surge in LUNC price.
• Genuine Labs’ transparency and commitment to progress resonated with validators, driving bullish sentiment and significant shorts liquidation in the LUNC market.

In a resounding show of support, the Terra Luna Classic community has given its seal of approval to Genuine Labs’ recent spending proposal. This endorsement, known as proposal 12019, has set off a chain reaction, propelling the LUNC token to new heights. But what exactly is behind this surge, and why has it captured the attention of investors?

Terra Classic Community Approves Genuine Labs Proposal

Genuine Labs, a prominent developer within the Terra Luna Classic ecosystem, put forth proposal 12019 to seek funding for their recent endeavors. The proposal, which aimed to compensate the developer team for their diligent work over the past few weeks, received overwhelming support from the community and validators alike.

With over 84% of the votes cast in favor of the proposal, it’s evident that the Terra Classic community stands firmly behind Genuine Labs. Notable validators, including Orion, Interstellar Lounge, and TerraCVita, lent their support, recognizing the value of the tasks completed by the developer group.

A Focus on Progress and Transparency

Genuine Labs’ proposal highlighted their commitment to progress and transparency. Through their diligent efforts, they implemented crucial tests, addressed technical issues, and provided regular updates on their progress. This dedication to transparency has undoubtedly contributed to the community’s trust and support.

LUNC and USTC Soar Higher

Following the endorsement of Genuine Labs’ proposal, the LUNC token experienced a remarkable surge in price. Massive shorts were liquidated as technical chart patterns signaled bullish momentum. With a 20% rally in recent days, LUNC has captured the attention of investors, trading at $0.0001091 at the time of writing.

Meanwhile, the USTC token has maintained a range-bound movement, with trading volume showing signs of stabilization. Despite this, the spotlight remains firmly on LUNC as it continues to ride the wave of bullish sentiment.

The recent endorsement of Genuine Labs’ proposal by the Terra Classic community has sent shockwaves through the ecosystem, sparking a significant surge in LUNC price. As investors eagerly await further developments, one thing remains clear: the collaborative efforts within the Terra Luna Classic community continue to drive growth and innovation.

Genuine Labs’ Vision for the Future

In the wake of their successful proposal, Genuine Labs sets its sights on further contributions to the Terra Luna Classic ecosystem, laying the groundwork for a future filled with promise and potential.