June 27th Weekly Terracoin Update — Rights

Clock Universe
Jun 28 · 3 min read

Rights

I thought I would talk about decentralized governance voting rights and how all that works, since I haven’t talked about it in a long time.

First off to put in a proposal for funds to the decentralized governance network all you need is 10 TRC. You can put in a proposal with either the TerracoinCore wallet or on our Services site. This 10 TRC is sent back to the blockchain and not burnt like most other masternode coins.

Once your proposal is in, anyone who has a masternode on the masternode list can vote on your proposal.

If you read that sentence carefully you will notice that even if you shut down your masternode but still have your collateral intact and your masternode still shows on the masternode list, you can vote.

This is set up this way because we understand that if someone can’t afford hosting a masternode but is still holding onto their masternode collateral then they shouldn’t get their voting rights taken away.

So, get out there and put in some discoveries, proposals and vote!

Your vote matters!

Now on to some new news!

Sneak Peak

Everyone should check out our Sneak Peek channel on our Mattermost because we often post hidden glimpses of things we are working on.

Mattermost is also the easiest way to get ahold of a member of the team!

TheSin recently posted some screenshots of his Terracoin Masternode Tool which will work with hardware wallets such as Ledger.

As I mentioned last week the Ledger pull requests are in and we are just waiting for the Ledger team to review and approve them.

If anyone has an inside guy on the Ledger team feel free to point out the Terracoin PRs to them!

Final

There is a ton of stuff going on in the cryptocurrency world right now, but it looks like I am almost at a page so I will have to talk about it next week, for example, Bitcoin is over 10K USD and India said they would put cryptotraders in prison for trading.

We are in for a wild exciting ride as we guide the future.

Discoveries

Exchange Dependent on Terracoin for Voting for Coins

Proposals

TRC Foundation Pay Proposal 2nd Year

Last Superblock Proposals

Russian and Lithuanian translation of the Terracoin website — PASSED

Numbers!

One month ago, we were at 0.00000249 BTC (.0218 USD) and today we are at 0.0000133 BTC (.0152 USD).

A year ago, we were at 0.00001381 BTC (.0847 USD).

*With the state of dead Cryptopia our volume is low, so our rank doesn’t show correctly. Once a new primary exchange is decided upon, we will see a recovery of volume.

We are ranked 1388 on coinmarketcap with a market cap of $350,252 USD. Last week our rank was 1401 and our market cap was $243,676 USD.

Source: https://coinmarketcap.com/currencies/terracoin/#charts

Terracoin Foundation Masternode Donations

1EGkZmxsUwczFen93WcrMvxAc3c5DWNGvg

Mattermost (This is The Terracoin Foundation’s primary forum)

https://mattermost.terracoin.io/signup_user_complete/?id=ohowtejzq3br7kp66qe466b8my

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https://t.me/terracoin

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Last Terracoin Video Update

https://youtu.be/sjzgObb5ZG0

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Link List

https://wiki.terracoin.io/view/Links