Terra Classic Considers Crucial Proposal, Potential Reversal of LUNC and LUNA

Terra Classic Considers Crucial Proposal, Potential Reversal of LUNC and LUNA


Terra Luna Classic Community Takes Action Against Spam Proposals

A new proposal, known as Proposal 11780, has been put up for voting in the Terra Luna Classic community. This proposal aims to combat spam proposals by increasing the minimum deposit amount from 1 million LUNC to 5 million LUNC. The goal is to make it more difficult for scam proposals to pass the deposit stage and to prevent irrelevant proposals from being voted on. Validators have noticed an increase in spam proposals and agree that the current minimum deposit amount is no longer effective in discouraging them. However, there is some opposition to the proposal, with concerns that it may negatively impact regular community members. The voting results currently show 34% in favor, 64% against, and 2% with veto votes.

LUNC and LUNA Gain Strength Ahead of Core Upgrade

The Terra Luna Classic community has seen a significant increase in trading volumes for both LUNC and LUNA. This comes as the community passes key proposals and prepares for the v2.2.1 core upgrade. LUNA has gained over 5% in the past week, while LUNC has shown upside momentum leading up to the upgrade. The current price of LUNC is $0.000061, trading sideways over the past 24 hours. On the other hand, LUNA is priced at $0.41, experiencing a loss in earlier gains over the same time period.

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Hot Take: Terra Luna Classic Takes Steps to Combat Spam

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The Terra Luna Classic community’s initiative to combat spam proposals by increasing the minimum deposit amount is a proactive move to protect the integrity of the voting process. By making it more challenging for scam proposals to pass the deposit stage, the community aims to ensure that only relevant and legitimate proposals are considered. While there is opposition to the proposal, it demonstrates the community’s commitment to preventing spam and maintaining a fair decision-making process. The upcoming core upgrade and the recent strength in LUNC and LUNA prices further highlight the positive momentum and growth within the Terra Luna Classic ecosystem.

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