{"id":80107,"date":"2024-06-03T17:03:28","date_gmt":"2024-06-03T21:03:28","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=80107"},"modified":"2024-06-03T17:04:30","modified_gmt":"2024-06-03T21:04:30","slug":"terra-luna-classic-votes-on-lunc-payout-proposal","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/terra-luna-classic-votes-on-lunc-payout-proposal\/","title":{"rendered":"Terra Luna Classic Votes On LUNC Payout Proposal"},"content":{"rendered":"\n


Terra Luna community <\/a>adopts a large LUNC fund request with a 99.98% vote, signifying strong support for future growth.\u00a0<\/p>\n\n\n\n

\"Terra
Terra Luna Classic Votes On LUNC Payout Proposal<\/figcaption><\/figure>\n\n\n\n

The Terra Luna Classic community has unanimously supported the Genuine Labs Community Spend Proposal. On June 3, 2024, the proposal obtained a 99.98% acceptance rate, with virtually no opposition. <\/p>\n\n\n\n

This vote is predicted to influence significantly the future course of the Terra Luna Classic network\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>. The community\u2019s approval of the plan to distribute 256,410,256 LUNC for development projects represents a key moment for Terra Luna Classic. <\/p>\n\n\n\n

This fund is meant to support innovation and sustainability within the ecosystem. The voter turnout was exceptionally high, with 84.2 billion ballots cast, constituting a considerable portion of the overall voting power<\/a>.\u00a0<\/p>\n\n\n\n

This substantial involvement demonstrates the community\u2019s great interest and confidence in Genuine Labs\u2019 strategic direction for the platform. Moreover, this near-unanimous vote demonstrates a common hope for expanding the network\u2019s potential. <\/p>\n\n\n\n

The community\u2019s endorsement is a hint to prospective development and a commitment to the platform\u2019s long-term viability. Such support is vital as it encourages developers to undertake projects that can provide new functionalities and improve the overall ecosystem. <\/p>\n\n\n\n

Contrastingly, the Terra Luna Classic community recently rejected Proposal 12105, which attempted to increase the LUNC burn tax. The proposal was criticized for needing a solid plan and reason for its implementation. <\/p>\n\n\n\n

Critics labeled it a \u201clazy effort\u201d because it was only a text proposal without the power to achieve rapid change. As a result, it only gained 21.35% approval, with 32% outright rejection and 38% voting \u201cNo with a veto,\u201d suggesting a significant desire to prevent its enactment.<\/p>\n\n\n\n

This rejection illustrates the community\u2019s demand for well-thought-out tactics rather than fast remedies. The community\u2019s critical attitude to governance is obvious as they seek initiatives that offer clear, concrete solutions rather than transitory fixes. <\/p>\n\n\n\n

Following the last community vote, LUNA, Terra Luna\u2019s native token, had a price increase of 1.68%, with its current trading price at $0.6547. However, the 24-hour trading volume <\/a>declined by 24.35%, signaling a likely continuation of the unfavorable market trend. This adjustment in market dynamics suggests that the community\u2019s decision has positively impacted the token\u2019s price.<\/p>\n","protected":false},"excerpt":{"rendered":"

Terra Luna community adopts a large LUNC fund request with a 99.98% vote, signifying strong support for future growth.\u00a0 The Terra Luna Classic community has unanimously supported the Genuine Labs Community Spend Proposal. On June 3, 2024, the proposal obtained a 99.98% acceptance rate, with virtually no opposition. This vote is predicted to influence significantly […]<\/p>\n","protected":false},"author":43,"featured_media":80108,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[9704,19807,17825],"class_list":["post-80107","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-lunc","tag-payout-proposal","tag-terra-luna-4"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/croc_1717446911198.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/80107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=80107"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/80107\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/80108"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=80107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=80107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=80107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}