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Terra Luna Classic Proposal Gains Support From Top Validators Proposal 11738 “Dynamic Minimum Commission based on Voting Power” submitted earlier this week has gained support from top validators. The proposal submitted by StrathCole and HappyCattyCrypto pointed out the ongoing centralized voting issue within the Terra Luna Classic network. Currently, it has a Nakamoto index of 3-4. advertisement The community approved a 5% minimum commission proposal to increase validators on the chain and reward validators. Also, it makes the governance voting more decentralized. However, top validators have further consolidated their voting power leading to higher centralization than before. Until now, the proposal has received 77% “Yes” votes, but is still away from passing the quorum. Also, it has received 9% “Abstain” and 14% “No” votes. The deadline for the proposal is September 5. Validators have shown support for the propos...

Terra Luna Classic Community Voting Again On USTC Proposal Proposal 11730 “USTC / Stable Algo Quant Team” is up for voting from August 26-September 2. The proposal is submitted again for proper validator voting turnout as the Station wallet is live and working after being down for many days. advertisement “This proposal has been re-submitted on behalf of LUNC community. Quant Team is too nice and proud to re-submit it, so somebody has to do it. This time, since TS is working again, we can expect proper validator voting turnout and live with the final results.” $LUNC proposal 11730 to fund the $USTC Quant Team for the month of August is now live for voting. The author states due to Terra Station being down during the last vote proper validator turnout was not received and this will be the official decision. 💎🤲🏻 #Crypto #LUNC pic.twitter.com/FosK8ROK0C — Mr. Diamondhandz1💎 (@MrDiamondhandz1) August 26, ...

Terra Luna Classic To Get A Community-Owned Wallet Happy Catty Crypto’s Proposal 11645 “ L1 Team To Build Wallet Infrastructure ” submitted for voting has received support from the community and is now considered officially passed as it surpassed the pass threshold. The proposal has received almost 71% “Yes” and 2% “No” votes, with 27% choosing to vote “Abstain.” advertisement Until now, 20 validators such as Allnodes, HappyCattyCrypto, JESUSisLORD, Classy’s Sphere, and PFC have favored the proposal. Meanwhile, validators including Interstake One, Luna Station 88, and StakeBin voted “Abstain” and one validator rejected the proposal. The proposal is based on the L1TF proposal, the developer team will create a Terra Luna Classic community-owned web version of Station, iOS & Android mobile apps, and Chrome browser extension. The Joint L1 Task Force will develop the community-owned ...