Terra Community Moves to Appoint Allnodes as Official LUNC & USTC Data Source
The Terra community has proposed making Allnodes an official organization to manage the circulating supply data for Luna Classic (LUNC) and USTC tokens. The proposal aims to solidify how this supply data is calculated and ensure it’s not manipulated. Allnodes will update its FCD API to accurately reflect this data and prevent unauthorized changes. The community believes a named entity is essential to avoid discrepancies and unauthorized alterations. As of now, a preliminary vote shows 5.46% participation with mixed support, and the quorum for the proposal is 40%—voting ends on May 19.
Neutral
The news mainly focuses on a governance proposal within the Terra community concerning the management of circulating supply data for LUNC and USTC. While it aims to enhance data integrity and prevent unauthorized changes, it does not currently present significant market-moving information. The impact is more about internal governance and data accuracy, leading to a neutral stance in market implications.