The Terra Luna Classic Community Implements Dynamic Minimum Commissions for Validators
The Terra Luna Classic community has successfully passed a key proposal to implement dynamic minimum commissions for validators based on their voting power. This proposal aims to improve decentralization and protect the Terra Luna Classic network against potential vulnerabilities. Here are the key points:
– Proposal 11738 “Dynamic Minimum Commission based on Voting Power” has officially passed with 84% of votes in favor.
– 36 out of 44 validators voted “Yes” for the proposal.
– Allnodes, HappyCattyCrypto, Interstake One, T.MOM, TerraCVita, and others supported the proposal.
– The proposal will prevent centralized voting issues and allow validators with less voting power to charge a more appealing commission.
Terra Luna Classic Tokens Experience Price Pressure
The recent market selloffs have resulted in significant drops in the prices of Terra Luna Classic ecosystem tokens. Here are the details:
– LUNC token fell 22% and USTC token dropped 16%.
– LUNC price is currently trading at $0.000060, with a 24-hour low and high of $0.0000584 and $0.0000608, respectively.
– USTC price decreased by 1% in the past 24 hours, trading at $0.011.
– The trading volume for USTC has decreased by 45% in the past 24 hours.
Hot Take
The implementation of dynamic minimum commissions for validators in the Terra Luna Classic community is a positive step towards decentralization and network security. It allows validators with less voting power to have a fair chance at earning commissions. However, the price pressure on LUNC and USTC tokens highlights the volatility and market conditions impacting the crypto space as a whole. It will be interesting to see how the Terra Luna Classic ecosystem adapts and navigates these challenges in the future.
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