Terra Luna Classic community-supported core developer group Joint L1 Task F orce proposed a bug bounty program inviting security researchers, ethical hackers, and developers to identify and report vulnerabilities in the Terra Luna Classic network. The bounty will be provided solely from funds LITF received from the community.
As the developer group to focuses on reducing LUNC and USTC circulating supply in Q3, it aims to bring clarity on bugs in the Terra Luna Classic network. Some members claim a rise in bugs after recent upgrades.
A bug bounty program will enhance security and network stability, foster collaboration and functionality, and reward contributors for identifying and reporting vulnerabilities. The rewards will be paid by L1TF and no separate community spending 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 community members, external developers, and security experts. It requires participants to adhere to responsible disclosure and legal and ethical standards such as avoiding public reporting of vulnerabilities and refraining from malicious activities.
Until now, the Terra Luna Classic community and validators have favored the proposal. It has received 100% “Yes” votes from members and validators such as JESUSisLORD, Lunanauts, and DFLunc. The community agrees to the need for enhanced security of the network amid various developments.
LUNC price is trading sideways, with the price currently trading at $0.000087. The 24-hour low and high are $0.0000866 and $0.0000886, respectively. However, the trading volume has increased slightly in the last 24 hours.
LUNC price continues to move between the converging trendline of the triangle pattern. The triangle pattern breakout would bring bullish momentum to recover the LUNC price to $0.0001 in the short term and $0.001 in the long term.