Terra Luna Classic is currently voting on a number of proposals, and there are concerns about an increase in “spam” proposals following the drop in LUNA prices. A new proposal seeks to increase the minimum deposit requirement from 1 million LUNA to 5 million LUNA, with prices expected to rise ahead of the upgrade.
Proposal 11780, Titled An “initiative to tackle spam proposals by increasing the minimum deposit to 5 million LUNC” is under consideration. The goal is to increase the minimum deposit requirement from 1 million LUNC to 5 million LUNC, creating a higher barrier for scam proposals to move beyond the deposit stage. This measure is intended to combat the influx of “spam” and irrelevant proposals submitted for voting within the Terra Luna Classic community.
Validators agree that the existing 1 million LUNC threshold is not enough to stop these bad proposals. Hexxagon, the development team responsible for the community-owned Station wallet, has observed an increase in spam proposals.
Fight spam offers by raising minimum deposit amount to 5 million LUNC
Currently, we are seeing an increase in “SPAM” proposals, and as the price of LUNC drops, 1M LUNC is no longer effective in combating such proposals, which will…
— Hexagon (@hexxagon_io) September 8, 2023
So far, the proposal has received 34% “yes” votes, 64% “no” votes and 2% “no” votes. Nine validators, including Hexxagon, Lunanauts, and Coinpayu, support the proposal.
Meanwhile, the L1 Terra Classic Task Force is transmission The v2.2.1 core upgrade is expected to take place on September 12th at 09:57 UTC, as indicated by the countdown.In addition, the large-scale quantization team of Zhongke also initiate Contact centralized exchanges to provide them with buyback reports and work to re-establish the link with USTC.
related: Prime Trust parent company loses $8 million on TerraUSD investment
LUNC and LUNA have seen significant growth in transaction volume recently, driven by important community-approved proposals. LUNA, led by TFL, has grown by more than 5% in the past week, while LUNC has also shown upward momentum in anticipation of the core upgrade by the L1TF development team.
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