An incredible proposal came from Vegas, the 2nd largest validator on the Terra Classic chain...

Voting Power Limitation proposal for Advanced 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. In this way; 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 5, can increase to 14 with the acceptance of this proposal. The Nakamoto Index being 5 indicates that only five validators can potentially veto proposals or exert significant control over the chain.

If this proposal from Vegas is accepted; The voting power of validators with more than 2.5% voting power will decrease over time and spread to other validators.

If this happens; There will be tremendous momentum for $LUNC and $USTC . Terra Classic blockchain becomes fully decentralized...

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

We expect everyone to support this proposal. #TerraClassic #LUNC #USTC

@VegasMorph