Terra Luna Classic community-supported core developer group Joint L1 Task Force (L1TF) proposed a bug bounty program inviting safety researchers, moral hackers, and builders to determine and report vulnerabilities within the Terra Luna Classic community. The bounty shall be supplied solely from funds LITF acquired from the group.
Terra Luna Classic Bug Bounty Program
Joint L1 Task Force undertaking supervisor LuncBurnArmy took to Twitter to announce that Proposal 11602 “Luna Classic Bug Bounty Incentive Program” is up for voting. As the developer group to focuses on reducing LUNC and USTC circulating supply in Q3, it goals to carry readability on bugs within the Terra Luna Classic community. Some members declare an increase in bugs after current upgrades.
Proposal 11602 is up for vote. This proposal would see the implementation of a bug bounty reward system applied in Q3, which might incentivize finish customers and builders to report / repair any bugs discovered. #LUNC
— ????LuncBurnArmy???? (@luncburnarmy) July 4, 2023
According to the proposal, a bug bounty program will improve safety and community stability, foster collaboration and performance, and reward contributors for figuring out and reporting vulnerabilities. The rewards shall be paid by L1TF and no separate group spend proposal is required for the bug bounty program. Initially, L1TF plans to allocate 50 million LUNC in Q3.
The bug bounty program is open to all group members, exterior builders, and safety consultants. It requires contributors to stick to accountable disclosure and authorized and moral requirements similar to avoiding public reporting of vulnerabilities and refraining from malicious actions.
The rewards deliberate below the proposal are as follows:
- Confirmed Station Bug: 150,000 LUNC
- Confirmed Station Bug with patch developed: 1M LUNC
- Verified L1 bug: 300,000 LUNC
- Confirmed safety vulnerability (Station): 300,000 LUNC
- Confirmed safety vulnerability with patch developed (Station): 1M LUNC
- ‘Day-zero’ important safety vulnerability reported: 5M LUNC
- ‘Day-zero’ important safety vulnerability patch developed, examined and authorised: 20M LUNC
Until now, the Terra Luna Classic group and validators have favored the proposal. It has acquired 100% “Yes” votes from members and validators similar to JESUSisLORD, Lunanauts, and DFLunc. The group agrees to the necessity for enhanced safety of the community amid numerous developments.
Terra Luna Classic group pool stability has additionally dropped considerably because the group handed three group pool spending proposals.
Read More: Terra Luna Classic (LUNC) Community Pool Balance Drops To Critical Level
LUNC Price to Recover?
LUNC price is buying and selling sideways, with the value at present buying and selling at $0.000087. The 24-hour high and low are $0.0000866 and $0.0000886, respectively. However, the buying and selling quantity has elevated barely within the final 24 hours.
As per CoinGape Markets, LUNC price continues to maneuver between the converging trendline of the triangle pattern. The triangle sample breakout would carry bullish momentum to recuperate LUNC value to $0.0001 within the brief time period and $0.001 in the long run.
Also Read: Elon Musk’s Twitter Restricting TweetDeck Access Causing Exodus Of Crypto Community
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