Terra Luna Classic Community Voting on USTC Proposal

Terra Luna Classic Community Voting Again On USTC Proposal

The Terra Luna Classic community is revoting on a proposal to fund the USTC Quant team after the initial proposal failed to receive enough votes. The proposal has been resubmitted due to issues with the Terra Station wallet, which caused a lack of proper turnout during the previous vote.

– Proposal 11730 “USTC / Stable Algo Quant Team” is up for voting again.
– The proposal is resubmitted to ensure proper validator voting turnout.
– The Terra Station wallet is now live and working.
– The author expects better results with the re-submission.
– The previous voting lacked proper turnout due to wallet issues.

Hexxagon Pays Remaining Balance for Proposal

Hexxagon has paid the remaining balance for the proposal to reach the governance voting stage on Station. The validator has also voted in favor of the proposal and is seeking support from the Terra Luna Classic community.

– Hexxagon paid the remaining balance for the proposal.
– The validator voted in favor of the proposal.
– Support from the community is requested.
– Initial voting showed 43% “Yes” votes, 28% “No” votes, and 29% “No with veto” votes.
– JESUSisLORD validator voted “No with veto” citing unprofessional and dangerous behavior.

LUNC and USTC Price Slightly Rebound

After the USTC proposal was resubmitted, the prices of LUNC and USTC tokens have seen a slight recovery. However, the overall momentum remains low.

– LUNC price is currently trading at $0.000063, up 1% in the last 24 hours.
– The 24-hour low and high for LUNC are $0.0000617 and $0.0000633, respectively.
– USTC price has increased by 0.5% in the past 24 hours.
– The trading volume for USTC has decreased by 50% in the last 24 hours.

Hot Take

The Terra Luna Classic community is actively participating in the revote for the USTC proposal, aiming to ensure proper turnout and accurate results. The resubmission and engagement from validators like Hexxagon demonstrate the community’s commitment to supporting the USTC Quant team. Although there has been a slight rebound in LUNC and USTC prices, the overall momentum remains low, indicating that further efforts may be needed to drive significant market growth.