The Terra Luna Classic community has recently taken a significant step to address the rising issue of “spam” proposals, which surged following a decline in LUNC prices in recent months. The community has approved a crucial proposal aimed at minimizing these unwanted submissions.
This proposal seeks to raise the minimum deposit amount required for proposal submission, effectively making it more challenging for scam proposals to progress further in the voting process.
Terra Luna Classic’s Move to Combat Spam Proposals
Proposal 11780, titled “Initiative to combat spam proposals by increasing minimum deposit amount to 5M LUNC,” has successfully passed the community’s approval threshold.
The proposal’s primary objective is to raise the minimum deposit requirement from 1 million LUNC to 5 million LUNC, a significant adjustment designed to deter scam proposals from advancing and cluttering the voting process within the Terra Luna Classic community.
Further, the proposal garnered substantial support from the community, with an impressive 94.30% of “Yes” votes, demonstrating widespread agreement among members. Additionally, there were 5.43% votes in opposition, including No with veto and Abstain votes.
Of the 40 validators who participated in the voting process, 37 voted in favor of the proposal. Notable validators supporting the proposal included Allnodes, Interstellar Lounge, Orion HappyCattyCrypto, and TCB.
Conversely, JESUSisLORD and StellarDrift rejected the proposal, while Vegas Node voted “Abstain.” Validators collectively acknowledge that the existing 1 million LUNC minimum deposit is no longer sufficient to discourage spam and irrelevant proposals.
Additional Updates
In parallel with this development, the L1 Terra Classic Task Force has successfully completed the v2.2.1 core upgrade, while some validators remain offline, Terra Classic Station and Finder have resumed normal operations.
However, despite the recent upgrade and the passing of key proposals, the LUNC price continues to face downward pressure. Currently trading at $0.000057, it experienced a 24-hour low and high of $0.0000570 and $0.0000584, respectively.
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