LUNC Price Jumps Following Governance Upgrade To Clean Up Ecosystem
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- Terra Luna Classic has upgraded its minimum deposit requirement for new proposals.
- The Terra Luna Classic community’s minimum initial deposit is now set at 1M LUNC.
- LUNC rallied 10% following the new minimum initial deposit approval.
Terra Luna Classic has upgraded the minimum deposit requirement for new proposals in its ecosystem. At the end of a voting process, the Terra Luna community voted in favor of Proposal 12071, titled “Set the Minimum Initial Deposit to 1M LUNC.”
#LUNC Proposal 12071
—
Set the Minimum Initial Deposit to 1M LUNC
Luna Classic Labs votes – YES
Comment:
"Deposit" is a place in the Governance system that is full of spam. For that reason, I don't go there at all and I don't pay any attention to proposals in the deposit phase. I… pic.twitter.com/Z0ALyLPgpaLunaClassicLabs.com – 0% Fee LUNC Validator (@LunaClassicLabs) February 21, 2024
Following the proposal’s description, it aims to clean up the project’s governance system, targeting spam reduction and enhancing proposal quality. A Terra Luna community member commented that “Deposit” is a place in the governance system full of spam. Hence, he no longer goes there nor pays att…
The post LUNC Price Jumps Following Governance Upgrade To Clean Up Ecosystem appeared first on Coin Edition.
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$ 0.0547
-3.69%Predictions Markets
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