The Joint L1 Task Force (L1TF), the community-supported core developer group behind Terra Luna Classic, has announced the introduction of a bug bounty program. The program aims to foster active participation from security researchers, ethical hackers, and developers in identifying and reporting vulnerabilities found within the Terra Luna Classic network.
The funding for the bug bounty program is sourced solely from community contributions received by L1TF. LuncBurnArmy, the project manager of the Joint L1 Task Force, shared an announcement on Twitter regarding Proposal 11602, titled ‘Luna Classic Bug Bounty Incentive Program,’ which is now open for voting.
As a developer group focusing on reducing the circulating supply of LUNC and USTC in Q3, the proposal aims to address and clarify any bugs present in the Terra Luna Classic network, addressing concerns raised by some community members regarding an increase in bugs following recent upgrades.
The proposal highlights the benefits of implementing a bug bounty program, including enhanced security and network stability, promotion of collaboration and functionality, and provision of rewards to contributors who identify and report vulnerabilities. The responsibility for funding these rewards lies with L1TF, eliminating the need for a separate community spending proposal. In the initial phase during Q3, L1TF plans to allocate 50 million LUNC for this purpose.
The bug bounty program is open to all members of the Terra Luna Classic community, external developers, and security experts. However, participants are expected to adhere to responsible disclosure practices and maintain legal and ethical standards.
The proposal for the bug bounty program has received overwhelming support from both the Terra Luna Classic community and validators. Notable members and validators, including Lunanauts and DFLunc, have all cast their votes with a unanimous ‘Yes.’ This endorsement signifies the collective recognition of the importance of bolstering network security in the face of ongoing developments.
In addition to the resounding support, the Terra Luna Classic community pool balance has significantly decreased due to the approval and execution of three community pool spending proposals. The community’s active engagement in allocating funds for various initiatives demonstrates their commitment to progressing and strengthening the ecosystem.
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