As a group of developers focused on reducing the circulating supply of LUNC and USTC in the third quarter, the purpose of this proposal is to address and provide clear information on any bugs present in the Terra Luna Classic network. Some members have expressed concerns about an increase in bugs following the recent upgrade.
The proposal highlighted the benefits of implementing the bug bounty program, including enhancing network security and stability, fostering collaboration and functionality, as well as providing rewards for identified contributors who report vulnerabilities.
According to the announcement, during the initial phase in Q3, the Terra Luna Classic community plans to allocate 50 million LUNC for this initiative.
It is known that the bug bounty program is open to all community members, external developers, and security experts. However, participants are required to adhere to responsible disclosure practices and maintain legal and ethical standards.
Upon its announcement, the proposal for the bug bounty program received strong support from the Terra Luna Classic community and verified individuals.
However, the price of LUNC has not shown significant improvement. Currently, LUNC is trading at $0.000086, representing a 1.25% decrease in the past 24 hours. According to CoinMarketCap, Terra Luna Classic has a circulating supply of over 5 trillion LUNC tokens.