An incredible proposal has come from Vegas, the second largest validator of the Terra Classic chain...

Proposal for Voting Power Limitation for Enhanced Decentralization on the Terra Classic chain...

According to the proposal; validators with more than 2.5% voting power will not be able to receive new delegations. This will ensure that the voting power and income of other validators will increase...

Most importantly; the decentralized structure of the Terra Classic chain will be strengthened. The Nakamoto Index, which is currently 5, could rise to 14 if this proposal is accepted. A Nakamoto Index of 5 indicates that only five validators have the potential to veto proposals or exert significant control over the chain.

If Vegas's proposal is accepted; the voting power of validators with more than 2.5% voting power will decrease over time and be distributed to other validators.

If this happens; it would create enormous momentum for $LUNC and $USTC. The Terra Classic blockchain will take on a fully decentralized structure...

The Terra Classic community is making moves that will leave a mark on WEB3 and Decentralized Finance. We take this proposal very seriously. Honestly, it excites us. It is very valuable that strong validators can make this decision...

We expect support from everyone for this proposal. #TerraClassic #LUNC #USTC @VegasMorph