Terra's "Six Samurai" Forge Strategic Plan to Rejuvenate Ecosystem, Proposing $116,000 Budget

Terra, the blockchain platform, has unveiled a plan led by a dedicated team of full-stack engineers known as the "Six Samurai." Their strategic roadmap for the third quarter of 2023 aims to revitalize the Terra ecosystem and follows the challenges faced by the project in 2022.

The previous year saw setbacks for Terra's stablecoin, TerraUSD (UST), and asset LUNA. In response, the project introduced Terra 2.0, a new blockchain, and the asset Terra (LUNA2). The Six Samurai team is now focused on driving progress and has proposed a budget of $116,000 to support their initiatives.

Key milestones on their roadmap include transitions from Columbus-5 to Columbus-6 and an upgrade to the state-of-the-art Cosmos SDK. Additionally, the team aims to explore listing Terra Classic (Terra's original chain) on Keplr's web interface and utilize analytic visualization tools and Mintscan, a Cosmos block explorer.

Collaboration is a priority for the Six Samurai, and they are eager to work with other teams responsible for developing LUNC, Terra's liquid staking derivatives. The proposal has gained support from the LUNC community.

Although LUNC has experienced a 50% decline in market capitalization since September 2022, it currently ranks 75th on CoinMarketCap. The total supply and circulating supply of LUNC coins are not specified, but the project maintains a solid position within the cryptocurrency market.

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