Orbit Labs Proposes to Remove Forked Modules in the Terra Luna Classic (LUNC) Network

Orbit Labs has submitted a new proposal to the Terra Luna Classic (LUNC) ecosystem, pushing to remove forked modules in the network's standard upstream modules.

Terra Luna Classic (LUNC) development company Orbit Labs has proposed removing forked modules from the network’s standard upstream modules. It also announced support for another proposal on Terra Classic, which aims to introduce a reserve charge tax.

Orbit Labs announced the proposals via Twitter on Oct. 16, adding that the first proposal aims to remove forked modules from the standard upstream modules. The second proposal will see the company supporting the "Reverse Charge" tax handling on Terra Classic.

“OrbitLabs has two major announcements. – First, we will be releasing our first proposal on Luna Classic, aiming to remove forked modules to the standard upstream modules. – Second, we are aiming to support the "Reverse Charge" tax handling on Terra Classic,” Orbit Labs tweeted.

According to the proposal by Orbit Labs, the Terra Classic codebase currently relies on several Cosmos modules that have been forked to accommodate some of the network’s unique features. However, the company claims that these forks have caused the codebase to increasingly diverge from the upstream modules, which has kept maintenance costs high.

The forks have also made the network vulnerable to potential security attacks due to delayed updates and massively reduced Terra Classic’s interoperability with other networks based on the Cosmos codebase, Orbit Labs added in its proposal. It proposes to remove the forked modules and integrate the standard upstream modules.

Orbit Labs also pledged support for reverse charge tax in Terra Classic, a proposal that was first submitted by two other developers. According to the proposal, the tax is deducted from the recipient, rather than the sender, “hence eliminate the need for the sender to attach tax as an additional fee.”

The company added that it has offered to “conduct a review under the terms of PPJ in case the proposed tax implementation passes governance.” After assessing the code, the company will ensure it’s secure and efficient and also aligns with the goals of the Terra Classic ecosystem. It says this process could cost as much as $2,500, pledging to accept LUNC payment at the prevailing rates as of when the community approves the proposal.

“By reviewing and assisting with the implementation of the simplified tax handling mechanism, OrbitLabs aims to help Terra Classic overcome the current challenges with tax handling and move towards a more efficient, user-friendly and Dapp-friendly blockchain,” the company added.

“We believe this approach balances the need for improvement with careful risk management and community involvement.”

At the time of writing, LUNC trades at $0.00008929, showing a 2.4% decrease in the past day as trading volume surged 39%. Its market cap stands at $510 million.

One of the biggest criticisms of the project has been its outsized supply, which stands at 6.79 trillion. This, analysts believe, limits its ability to make massive gains. To counter this, token burning has become one of the factors that LUNC holders rely on in the long term.

These burns could get better for the network. As revealed on X, an upcoming burn of the Terraform Labs shuttle bridge could burn as much as 254 billion LUNC coins and over 176 million USTC coins by the end of this month.