Home ยป Terra Luna Classic community votes on significant LUNC and LUNA proposal.

Terra Luna Classic community votes on significant LUNC and LUNA proposal.

The Terra Luna Classic community is voting on a crucial proposal to raise the minimum deposit amount to 5 million in order to counteract scam proposals.

by V. Sinclair
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Terra Luna Classic Community Votes on Proposal to Combat Spam
The Terra Luna Classic community is currently voting on various proposals, with concerns rising about an increase in “spam” proposals following a decline in LUNC prices. To address this issue, a new proposal has been introduced to raise the minimum deposit amount from 1 million LUNC to 5 million LUNC. The aim is to make it more challenging for scam proposals to pass the deposit stage, effectively combating irrelevant and unwanted proposals.

Validators have expressed agreement that the current minimum deposit of 1 million LUNC is no longer sufficient to deter spam proposals. Hexxagon, the developer group responsible for the community-owned Station wallet, has observed a rise in such proposals.

As of now, the proposal has received 34% “Yes” votes, 64% “No” votes, and 2% “No with veto” votes. Notable supporters of the proposal include Hexxagon, Lunanauts, and Coinpayu. However, JESUSisLORD opposes the proposal, citing concerns about the negative impact on regular community members who may struggle with the 5x increase.

In parallel, the L1 Terra Classic Task Force is preparing for the v2.2.1 core upgrade, scheduled for September 12 at 9:57 UTC. Additionally, the USTC Quant team has engaged with centralized exchanges to share the Buy Back Report, progressing towards the goal of repegging USTC.

LUNC and LUNA tokens have shown strength, experiencing a significant surge in trading volumes following the approval of key community proposals. TFL-led LUNA has gained over 5% in the past week, while LUNC has displayed upward momentum ahead of the core upgrade by the L1TF developer team.

Currently, LUNC is trading sideways at $0.000061, while LUNA is priced at $0.41, retracing earlier gains within the last 24 hours.

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