State of the Chain Report (2022–2026)
Truth Dashboard
Improvement Ideas

What should Terra Classic fix next?

After reading the report, propose changes Terra Classic should prioritize—protocol, governance, incentives, UX, marketing, tooling, or anything else. Vote to surface the highest-impact items.

Does the blockchain need a DAO method + legal wrapper (LLC/Foundation)?

Key Lessons from the Terra Collapse The “algorithmic stablecoin + DAO voting” model failed to withstand market stress. The DAO cannot respond quickly to a financial crisis if all decisions depend on the vote of token holders. A fully on-chain governance model without offline legal and financial support is risky for systems that handle large sums of money and critical assets. .. Key Lesson from LUNC A DAO without a legal structure has no property rights and cannot legally intervene in a crisis. DAO + LLC / Foundation → a secure model for owning and managing assets. .. Clarification / Limitations A legal shell is always needed - without it, a DAO cannot legally own assets. The DAO sets the rules for governance, but the legal responsibility lies with the LLC or Foundation. Regulatory restrictions vary by jurisdiction - for example, buying shares or real estate may require local registration or licenses. .. Conclusion DAO + LLC/Foundation is a safe model for owning any assets, but: You need to choose the right jurisdiction to comply with the laws. You need a technical audit of smart contracts and risk control of crypto assets. You need to clearly prescribe the rules of interaction between the DAO and the law firm to avoid conflicts.

LuncGold about 1 month ago

Decentralization and centralization

..Lately the Lunc project has not moved anywhere, there is nothing on the blockchain except for burning transactions and temporary traders. ..road to nowhere. There is no real use, to create value you need to give this value, #1 creation of tokens on the network, #2 creation of nft, #3 temporary CEO with a team of developers for a period of 1 year. #4 development of network security tools. #5 official network wallet, supported wallets of indie developers this is great, but but. .. in fact the coin is at such a stage now that no one wants to buy pizza or anything else with it … Before launching token creation on the network for everyone, it is worth providing limited access, holding a competition for the first 100 tokens on the LUNC network, which are viable businesses with capital of 1 million or more; adding an updated .wasm database by default to ensure network reserve and locking LUNC coins in the contract, or burning them upon creation, for example, 10,000 Lunc = 1 token created, build this into the contract. … the network problem is not in the stablecoin and not in the volume of the blockchain coins themselves, but in getting funds interested in spending capital through the lunc network, and for this we need to check the security of the network first, and announce such readiness, they will certainly appear, thanks to the low network fee, lunc will be in demand, the throughput through the network will burn the lunc circulation. ..as for the volume of holders, this is an integral part of the hills, they cannot be avoided, and this is correct, they should be sold when it is profitable for them. The network should have a reserve for the redemption of tokens more expensive than the current average price, replenishment from fees, redemption, burning, this should be, if there is a redemption at a lower price, it is great, but remember, to get value, you need to give value .. Regarding validators, the competition for a node should be stopped, all those who wanted to support the network have been passed over these years, now we need to leave the most stable ones, close the non-functioning ones, do not increase or decrease the places, and provide the freed node places to development teams in the network.

LuncGold about 1 month ago