Source from:

• https://validator.info/terra-classic/governance/12173
• https://common.xyz/terra-luna-classic-lunc/discussion/606461-clarification-on-entities-with-terra-classic-branding

Summary

This proposal officially clarifies that neither “LunaClassic LLC” nor its founding entity, “Luna Classic DAO,” represent or hold any official affiliation with the Terra Classic blockchain. This clarification explicitly extends to all entities whose names are likely to cause confusion with the name of the blockchain (Terra Classic), its native tokens (USTC, LUNC – Luna Classic), or its former organizational entity (Terraform Labs – TFL). The intent is to ensure transparency, prevent misunderstandings, and safeguard the decentralized governance structure of Terra Classic.

Background

The recent establishment of “LunaClassic LLC” by the entity “Luna Classic DAO” has raised concerns within the community due to potential confusion stemming from the similarity of its name to the Terra Classic blockchain’s governance token (LUNC – Luna Classic). Such naming similarities carry the risk that external parties may mistakenly interpret these entities as official representatives or affiliates of the Terra Classic blockchain, causing potential reputational and governance concerns.

Proposal Details

Official Acknowledgment:

• The Terra Classic blockchain officially clarifies that neither “LunaClassic LLC” nor its founding entity, “Luna Classic DAO,” officially represent or possess any authoritative affiliation with the Terra Classic blockchain.
• This clarification explicitly extends to all entities whose names may cause confusion or misleading associations with:  – The Terra Classic blockchain.  – Its native tokens (USTC, LUNC – Luna Classic, and other native tokens).  – The former chain owner Terraform Labs (TFL).

Clarification:

• Only community-approved governance proposals can authorize official representation, communication, or interactions with centralized exchanges (CEXs), aggregator platforms, or external entities. Any communication not explicitly approved by the community should not be considered official.
• This statement will be formally recorded in the Terra Classic blockchain state to ensure transparency and clarity.

Impact

Adopting this clarification will:

• Mitigate potential confusion and misrepresentation related to the Terra Classic blockchain and its associated assets.
• Reinforce the decentralized governance structure of Terra Classic.
• Clearly define and preserve official communication channels, safeguarding community trust and autonomy.

Voting Options

• YES: Officially acknowledges the non-representative status of “LunaClassic LLC,” “Luna Classic DAO,” and explicitly includes entities using names similar to Terra Classic, USTC, LUNC (Luna Classic), or Terraform Labs (TFL), unless approved by community governance.
• NO: Rejects this clarification.
• ABSTAIN: Abstain from voting.
• NO WITH VETO: Strong opposition due to fundamental disagreements with this clarification.