- The proposed change would demand a deposit of 5M LUNC instead of the current 1M LUNC.
- The goal is to make it more difficult for scam proposals to go beyond the deposit phase.
Worries have been made concerning an increase in spam after the drop in Luna Classic (LUNC) pricing, and the Terra Classic community is now voting on numerous suggestions. The proposed change would demand a deposit of 5 million LUNC instead of the current 1 million LUNC, which might lead to an increase in price before the upgrade is implemented.
Proposal 11780, to raise the minimum deposit is currently being considered. The goal is to make it more difficult for scam proposals to go beyond the deposit phase by increasing the minimum deposit. The goal of this change is to reduce the number of spam and pointless proposals floating around the Terra Classic community that seek votes.
No Clear Outcome
The current 1 million LUNC level is not enough to dissuade such suggestions, according to validators. The Station community wallet has seen an increase in spam suggestions, according to the development team Hexxagon.
There are now 34% in favor of the plan, 64% against, and 2% “No with veto.” Hexxagon, Lunanauts, and Coinpayu are only three of the nine validators who found the proposal to be genuine.
Meanwhile, on September 12 at 9:57 am UTC, the core of Terra Classic will be upgraded to v2.2.1. To help restore USTC’s peg, the TerraUSD Classic (USTC) quant team has reached out to major centralized exchanges.
Recent trade volumes on LUNC and Terra LUNA have increased significantly, driven by large community-approved initiatives. According to CMC, the price of LUNC is $0.00005918, down 2.4% in the last 24 hours. Moreover, the trading volume is up 208%.
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