New proposal for the New Terra Luna Classic Project Fund – Seeking $68K in funding

**Title: Long-Term Value Proposal for Terra Luna Classic – Grants Program for Community Development**

### Description:

**Disclaimer**: The content presented in this video is for entertainment purposes only and should not be taken as legal, tax, or investment advice. Always conduct your research and consult with professionals before making any financial decisions.

🌐 **Important Links:**

– Terra Lunar Classic Proposal Status – [PROPOSAL_STATUS_PASSED](https://station.terra.money/gov#PROPOSAL_STATUS_PASSED)
– Latest Updates on Twitter – [LunaBurn_13](https://twitter.com/LunaBurn_13/status/1561901795995164672/photo/1)
– LUNC Projects List – [tc.smartstake.io](https://tc.smartstake.io/apps)
– Validators Information – [tpa.smartstake.io](https://tpa.smartstake.io/)

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Are you interested in the long-term growth and development of the Terra Luna Classic blockchain? In this video, we explore an intriguing proposal from EK826 that aims to build long-term value for this massive blockchain asset.

**Who is Edward Kim (EK826)?**
Edward Kim, one of the lead co-founders of Terra, has presented a new proposal that complements the existing Proposal 5234. If you’re unfamiliar with Proposal 5234, I covered it in detail in a previous video. To summarize, this proposal involves reducing the burn tax from 1.2 to 0.2 and allocating 10% to the community pool alongside the burn.

**Introducing the Grants Program:**
EK826’s proposal focuses on implementing a grants program to support the creation of new projects and foster long-term value for the Terra Luna Classic ecosystem. Here’s how it works: if someone wants to start an NFT project, for example, they would submit a request for proposal (RFP) to the governing body. The proposal would then be reviewed for its alignment with community interests and potential benefits. If approved, the project would receive funding from the community pool, allowing them to bring their vision to life.

**Ensuring Transparency and Accountability:**
The key objective of this proposal is to establish a transparent and accountable process for allocating funds from the community pool. Unlike previous procedures, this new approach emphasizes clear guidelines, independent reviews, and measurable metrics for assessing grant proposals. Additionally, there will be a feedback mechanism to ensure community participation and engagement in the decision-making process.

**EK826’s Request for Funding:**
To kickstart this grants program, EK826 is requesting 1.45 million USTC and 50 million LUNk (equivalent to approximately 68,000 USD). These funds will be allocated towards building a grants website, hiring a project manager, establishing evaluation criteria, and facilitating independent reviews. This comprehensive proposal aims to create utility on-chain and provide a solid foundation for project development within the Terra Luna Classic ecosystem.

**The Importance of Long-Term Value:**
By implementing an effective grants program, Terra Luna Classic can attract talented developers and entrepreneurs, fostering innovation and long-term growth. Many successful blockchains have thrived thanks to similar funding mechanisms. When considering the relative value of the Terra Luna Classic ecosystem, this investment holds immense potential for creating sustainable value and ensuring the blockchain’s future success.

**A Trusted Proposal and Future Updates:**
EK826 is a highly qualified individual with a deep understanding of the Terra space. As a Terra Rebels member, he pledges to maintain transparency and announce any potential conflicts of interest that may arise during the grants program implementation. Trust and accountability are crucial aspects of this proposal, ensuring the community’s best interests are met.

✨ In conclusion, EK826’s grants program proposal presents an exciting opportunity for the Terra Luna Classic ecosystem’s long-term development. By investing in community-driven projects, we can nurture innovation, foster growth, and build lasting value. Please remember to like, comment, and subscribe to stay updated on the latest news and developments. Share this video with others who may find it helpful, and feel free to join the discussion in the comments section.

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🔔 **UPCOMING EVENT:**
Stay tuned for Binance’s upcoming burn update on Monday! How much do you think Binance will burn? Let us know your predictions in the comments below. Don’t forget to like, comment, and subscribe for more engaging content!

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**References:**
– [Source 1](https://authoritylink1.com)
– [Source 2](https://authoritylink2.com)

Nothing I say is meant to be taken as legal, tax or investing advice. For entertainment purposes only.
https://station.terra.money/gov#PROPOSAL_STATUS_PASSED

https://twitter.com/LunaBurn_13/status/1561901795995164672/photo/1

LUNC PROJECTS LIST
https://tc.smartstake.io/apps

VALIDATORS INFO
https://tpa.smartstake.io/

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