Terra Luna news: How will LUNC price react to Terra L1TF reform proposal?

The Terra Luna Classic community is currently focusing on reforming the Joint L1 Task Force (L1TF) core developer team. Two proposals were put to the vote at the Station for a transparent and effective governance structure within Terra Luna Classic. The move comes in response to a behind-the-scenes deal between L1TF and Hexxagon, a new team made up of ex-Terra Rebels members.
Terra Luna Classic community to reform L1TF
After days of initial voting, proposal 11685 “Reorganization of Existing L1 Team with Governance (Revised Final) HCC” shows Terra Luna Classic members and validators support for the restructuring of the L1TF dev team.
So far, the proposal has received 55 percent of the votes in favour, while 42 percent of the "No with Veto" votes. Only a few voted “Abstain” and “No”. L1TF; It is the core developer team that takes care of upgrades, maintenance and other aspects of the Terra Luna Classic chain. The proposal is therefore very important and will impact projects and Dapps in the chain.
Validators like HappyCattyCrypto, Classy's Sphere, and Coinpayu support the proposal, while JESUSisLORD, Mr. Major validators like Diamondhandz1's LUNCLIVE and Fragwuerdig's frag_node voted against the proposal. The current voting indicates that the community is in favor of the proposal, while top validators have yet to vote on the proposal.
If the proposal is accepted, it will stop funding, the closed-door deal between L1TF and Hexxagon, and enforce community management for both the Terra Classic L1 Development team and Hexxagon.
Proposal 11700, meanwhile, aims to stop funding dev teams and find a new "project manager" for L1TF. He also tasked L1TF with creating a “Vision with Development Roadmap” to increase transparency and adoption.
The altcoin price is currently trading at $0.000077, up 0.5% in the last 24 hours. However, the trading volume has decreased in the last 24 hours. Meanwhile, the USTC price dropped 1 percent in the last 24 hours to $0.015. Unless the community supports an upward move, prices are expected to drop if these bids pass.
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