Some LUNC token holders remain committed to reviving the Terra ecosystem.

Six engineers calling themselves “Six Samurai” are proposing a plan to revive the Terra Classic ecosystem for blockchain as some community members try their best to break free from the shackles of disgraced founders Do Kwon and Rebuild the project.

Terra Classic is the original network created by Terraform Labs. It has continued as an independent blockchain rather than Terra 2.0, which was the forked version created after Terra's demise. Its LUNC token was valued at $580 million on Monday.

The engineers, co-led by “Bilbo Baggins” and “Solid Snake,” proposed a three-month payout of $116,000 from the Terra Classic community in a governance proposal over the weekend, stating that they would part-time work on the project if approved .

“LUNC has limitless growth potential and we want to help make it happen by leveraging our skills to bring value to the blockchain and all investors to achieve a true revival ecosystem,” Samurai Six said. “We are here to provide value to the ecosystem on its path to revival, and we see ourselves as contributors to the Terra Classic blockchain, as developers and community members/investors. longtime investor,” the group added.

Some of the tasks listed by Samurai Six in the proposal are network upgrades to reduce synchronization time between nodes, terraUSD (USTC) testnet to test financial services, profit-generating applications for owners owns tokens and plans to reward developers for the user activity their apps generate.

These efforts are intended to ultimately drive value to the Terra Classic ecosystem and expect LUNC value to increase over time.

Samurai Six is ​​one of the few community members participating in the revival of Terra Classic to save the ecosystem that once existed.

In discussions that began in mid-April, community member “RedlineDrifter” described a new model for Terra Classic’s UST stablecoin based on token buybacks, one-way swaps, staking, and “ algorithm latch divergence fee” to resolve issues with the original design.

UST was the token at the center of Terra's downfall, leading to a 99.9% drop in the price of the LUNA token , a $28 billion hemorrhage in Terra-based DeFi applications, and an eventual spiral to bankruptcy crypto funds assets .