🚀 Terra Luna Classic (LUNC) Community Advances with New Proposals

The Terra Luna Classic (LUNC) community is actively engaging in governance to enhance the ecosystem's stability and functionality. Here's an overview of recent and upcoming proposals:

🔐 $500 Pegged Proposal Submission Fee:

To ensure meaningful participation and reduce spam, BLV Labs has introduced a proposal pegging the cost of submitting a proposal to a consistent $500 USD value. This dynamic adjustment ensures that governance participation remains accessible while deterring spam submissions.

💰 Developer Compensation Proposal:

Juris Validator has submitted a proposal to compensate developer Frag for his contributions to Proposals 12165 and 12166, which introduced a subDAO scheme and a vesting mechanism, respectively. The proposal seeks to reward Frag with 1,420 EUR (paid in LUNC tokens) for his smart contract development and audit work.

🌉 Reactivation of Osmosis IBC:

Proposal 12104, "Reactivate Osmosis IBC," aims to restore the Inter-Blockchain Communication (IBC) channel with the Osmosis protocol. The proposal has received strong community support, with 85% of votes in favor, and is expected to facilitate smoother and more efficient transactions across chains.

🛡️ Combating Spam Proposals:

To address the influx of spam proposals, the community has passed a proposal to raise the minimum deposit requirement from 1 million LUNC to 5 million LUNC. This measure aims to reduce irrelevant submissions and ensure that only serious proposals advance through governance.

📈 Upcoming Proposals to Watch:

Proposal 11640: Aims to double the gas fees within the network to increase funding for the community pool and staking rewards.

thecurrencyanalytics.com

Proposal 11780: Proposes raising the minimum deposit requirement to 5 million LUNC to curb spam proposals. #TrumpVsMusk #MarketPullback #BinanceAlphaAlert #SaylorBTCPurchase #ETFWatch $LUNC