Terra Luna Classic Community Rejects Tax2Gas Proposal
The Terra Luna Classic (LUNC) community has recently voted against implementing the Tax2Gas proposal. This proposal aimed to incorporate taxes into gas and eliminate the need for separate handling and calculations. However, the community members and validators were divided, citing concerns about earlier proposals related to pay-per-job (PPJ) and Know Your Customer (KYC) requirements. While some believed that passing the revised PPJ proposal would validate Tax2Gas, the majority rejected the proposal.
Details of the Proposal Rejection
The proposal, numbered 12067 “Tax2Gas Implementation,” sought to approve two new developers to collaborate with StrathCole and Genuine Labs for the live implementation of Tax2Gas on the chain. However, it failed to gain sufficient support due to its violation of KYC and PPJ proposals. Out of the 53 participating validators, only 23 voted in favor of the proposal.
- 48% voted “No”
- 23% voted “Yes”
- Some votes were “No” with veto or abstain
LUNC and USTC Hold Steady Amid Recent News
Despite the rejection of the Tax2Gas proposal, LUNC’s price has seen a 2% increase in the past 24 hours, reaching $0.000123. The trading volume has slightly decreased during this period. Holding above the support level is crucial for LUNC’s bullish momentum, with resistance at $0.00014 being a key level for further upside potential.
On the other hand, USTC’s price has surged by over 4% in the last 24 hours, currently trading at $0.031. The trading volume has decreased by 25% during this period.
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