Summary
A recent proposal within the Terra Classic community formally states that neither “LunaClassic LLC” nor “Luna Classic DAO” have any official connection to the Terra Classic blockchain. Full : https://common.xyz/terra-luna-classic-lunc/discussion/606461
The proposal aims to eliminate confusion caused by similar naming and reinforces that only community-approved governance decisions represent the blockchain.
Positive Impact
1. Reinforces Decentralized Governance
The proposal strengthens the role of community governance by ensuring that only approved proposals can authorize official representation or communication with exchanges and third parties.
2. Protects the Terra Classic Brand
By distancing the blockchain from similarly named entities, the community protects its reputation and reduces the risk of public misunderstanding.
3. Improves Transparency and Trust
Clear communication builds trust with users, developers, and external partners by confirming which entities are genuinely affiliated with the ecosystem.
4. Reduces Legal and Reputational Risk
The move helps the Terra Classic community avoid potential issues tied to the actions of unrelated groups using the brand name.
Negative Impact
1. Risk of Community Friction
Some members may view the clarification as a rejection of independent efforts, potentially leading to division or disengagement.
2. Potential Barrier to Builders
New projects might hesitate to participate or build on Terra Classic if they fear being misidentified or excluded based on naming concerns.
3. Limited Real-World Enforcement
While the clarification will be recorded on-chain, controlling name usage outside the blockchain, such as on social media or business registrations, remains difficult.
Conclusion
This proposal is a necessary step in maintaining Terra Classic’s credibility and decentralized structure. However, the community must also take care to communicate openly and support contributors who act in good faith, ensuring that growth and innovation are not unintentionally discouraged.