• The Terra Luna Classic community has finally passed Proposal 12073 on the second attempt.
• Proposal to “Burn 800M USTC Through Contract Migration” was introduced for the second time on February 19.
• USTC gained 25% shortly after the proposal surpassed the pass threshold.

The Terra Luna Classic community has finally passed Proposal 12073 on the second attempt. The Proposal to “Burn 800M USTC Through Contract Migration” was introduced for the second time on February 19, opening the voting window until February 26. 

Data from ATOMScan showing details of the voting pattern revealed only 40.90% of the validators voted in favor of the proposal. Further review showed 7.32% voted against it, while 43.96% of the validators chose to abstain, with 7.82% voting “No With Veto.”

Notably, Allnodes, a top validator of the Terra Luna Classic community, was among those who abstained from the voting exercise. A community member who spotted Allnodes’ abstinence seized the opportunity to encourage other members to vote in favor of the proposal.

The post Terra Luna Classic Passes Proposal 12073 At The Second Attempt appeared first on Coin Edition.

• The Terra Luna Classic community has finally passed Proposal 12073 on the second attempt.
• Proposal to “Burn 800M USTC Through Contract Migration” was introduced for the second time on February 19.
• USTC gained 25% shortly after the proposal surpassed the pass threshold.

The Terra Luna Classic community has finally passed Proposal 12073 on the second attempt. The Proposal to “Burn 800M USTC Through Contract Migration” was introduced for the second time on February 19, opening the voting window until February 26. 

Data from ATOMScan showing details of the voting pattern revealed only 40.90% of the validators voted in favor of the proposal. Further review showed 7.32% voted against it, while 43.96% of the validators chose to abstain, with 7.82% voting “No With Veto.”

Notably, Allnodes, a top validator of the Terra Luna Classic community, was among those who abstained from the voting exercise. A community member who spotted Allnodes’ abstinence seized the opportunity to encourage other members to vote in favor of the proposal.

The post Terra Luna Classic Passes Proposal 12073 At The Second Attempt appeared first on Coin Edition.