New Governance Model Underway for Terra Classic

• The Terra Classic community will soon welcome a new chief community officer (CCO)according to a new governance model.
• The governance structure would be bound by an established holacratic constitution.

The Terra Classic community is still in pursuit of its way back to the top. Their key objective, to return Terra classic’s once-lost glory is still ongoing with every onset. In order for the native coin(LUNC) to dine with the great, the community set out on a journey to revive LUNC’s price.

In order to focus on Terra’s road map to glory, with all probabilities, Terra Classic may be bringing in a new chief community officer (CCO) courtesy of a new governance model. The LUNC community won’t only be voting for a new chief community officer but several other positions will be filled in accordance with the first draft of the Terra Luna Classic Holacratic Governance model.

The positions will be given to individuals by members of the LUNC community through voting.

After the devastating occurrence that happened earlier this year, the Terra community has gone back to the drawing board bearing with it a new governance model. With great hope, the Terra community could adopt the new governance model. The governance structure would be bound by an established holacratic constitution.

According to the Terra Classic community;

“Holacracy is the governance structure of Luna Classic through the people for the purpose of driving mass adoption of blockchain technology. This is a radical shift in governance from the typical top-down hierarchy where power is vested to a few.”

The holacratic constitution will see LUNC groups that benefit from implementing decisions the right of self-government.“The constitution requires work groups to communicate with each other to discover the best outcome in the event the decision affects other work groups or circles, increasing transparency and information sharing.”

As Bitcoin and other altcoins are recording steady green bars, LUNC has not been left behind. At the time of writing, Terra Classic’s native coin is exchanging hands for $0.0002438, a 2.30% surge in the last 24 hours according to Coinmarketcap.