Luna Classic community gears up for DAO automation, here's what to expect

  • Terra’s no-code solution to management of DAOs is ready with its latest release, following a complete contract audit by AI firm FYEO. 
  • Luna Classic community can set up minimum staking requirements, distribute rewards to stakers and elect an emergency council using the tool. 
  • The launch of the DAO management tool on LUNC strengthens the bullish case for Luna Classic’s recovery.

Terra’s automated DAO (Decentralized Autonomous Organization) management tool is expected to push its newest release on March 30. The tool is likely to boost Luna Classic’s capabilities in terms of the management of minimum staking requirements, distribution of rewards to DAO’s stakers and the formation of an emergency council by members. 

The Luna Classic community expects the no-code solution to strengthen the bullish thesis for LUNC. 

Also read: Are whales slowing down the Bitcoin price rally: 73% of all BTC is profitable

Terra’s latest DAO automation tool, what it means for LUNC

Enterprise protocol, a project dedicated to building new standards for DAOs and Terra developed a no-code DAO management tool to boost LUNC’s capabilities. 

The newest release is expected to come out of beta on March 30 and it is complete with key features like setting up a minimum staking requirement, distributing rewards to the DAO’s stakers and electing an emergency council. 

The tool offers additional features that Luna Classic DAO can utilize, including and not limited to:

  • Sharing specific details with prospective DAO members through descriptions.
  • Viewing transaction hashes on executed governance proposals. 
  • Viewing transaction history of the DAO.

The Luna Classic community can benefit from setting up minimum staking requirements and automated reward distribution for DAO’s stakers. There have been instances of delay in distribution of staking rewards and a no-code DAO management tool could tackle this issue in the long-term. 

The no-code DAO management tool successfully completed an audit by FYEO, a decentralized cybersecurity firm powered by Artificial Intelligence (AI). 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Join Telegram

Recommended content

Recommended Content

Editors’ Picks

Worldcoin price could rally 20% if Nvidia earnings beat estimates

Worldcoin price could rally 20% if Nvidia earnings beat estimates

Worldcoin price is likely to rally 20% after a consolidation. Nvidia's earnings report on Wednesday could catalyze an upside move for WLD. A daily candlestick close below $4.20 would invalidate the bullish thesis.

More Worldcoin News

Shiba Inu whales accumulate SHIB, 25% upswing likely Premium

Shiba Inu whales accumulate SHIB, 25% upswing likely

Shiba Inu price has breached a two-month consolidation, indicating its readiness to move. Investors can expect SHIB to rally 25% and tag the $0.0000315 resistance level.

More Shiba Inu News

Ethereum continues to rally as five potential spot ETH ETF issuers have already submitted amended filings

Ethereum continues to rally as five potential spot ETH ETF issuers have already submitted amended filings

Ethereum (ETH) continued its rally on Tuesday following the submission of amended filings on the Securities & Exchange Commission's (SEC) website by five potential spot ETH ETF issuers.

More Ethereum News

zkSync is allegedly planning token generation event and airdrop

zkSync is allegedly planning token generation event and airdrop

zkSync is allegedly planning a token generation event (TGE) this week and an airdrop launch in June. Matter Labs, the developers behind zkSync, decided to go fully decentralized.

More Cryptocurrencies News

Bitcoin: Is BTC out of the woods? Premium

Bitcoin: Is BTC out of the woods?

Bitcoin price shows signs of continuing its uptrend, providing a buying opportunity between $64,580 to $63,095. On-chain metrics forecast a bullish outlook for BTC ahead. If BTC clears $70,000, the chances of resuming the uptrend would skyrocket.

Read full analysis