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

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


Terra (LUNA) Luna Classic Community Takes Action Against Spam Proposals

A new proposition, known as Proposition 11780, has been put up for voting in the Terra (LUNA) Luna Classic community. This proposition intends 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 present minimum deposit amount is no longer effective in discouraging them. Nonetheless, there is some opposition to the proposition, with concerns that it may negatively impact regular community members. The voting results as of now show 34% in favor, 64% against, and 2% with veto votes.

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LUNC and Terra (LUNA) Gain Strength Ahead of Core Upgrade

The Terra (LUNA) Luna Classic community has seen a whole lot of 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. Terra (LUNA) has gained over 5% in the last week, while LUNC has shown upside momentum leading up to the upgrade. The present price of LUNC is $0.000061, trading sideways in the previous 24 hours. On the other hand, Terra (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) Luna Classic Takes Steps to Combat Spam

The Terra (LUNA) 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 intends to secure that only relevant and legitimate proposals are considered. Although while there is opposition to the proposition, 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 Terra (LUNA) prices further highlight the positive momentum and growth within the Terra (LUNA) Luna Classic ecosystem.

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