🚀 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
I’ve always believed in Do Kwon. He’s not a fraud — he’s a visionary who built a genius system and became the scapegoat of deeper conspiracies. I hope for his full exoneration and eventual return. The man deserves justice. #LUNC #TERRACLASSİC #DoKwon
$ALPACA We want investigation on today’s incident from Binance. The data speaks for itself. It’s impossible to have such price movement when the outflow from the token is this large.
Low liquidity? Okay. Then who placed rapid market orders to purchase this? A strong alarm ringing.
@Richard Teng @CZ Please consider an investigation on today’s incident. Many people were caught off guard with such manipulation. There has to be compensation involved. Take the responsibility #Binance, this is high time.
Total $LUNC burns on the Terra Classic chain have exceeded 400 billion. LUNC burns reached 403,268,564,370.
$USTC burns reached 3,407,880,986.
➖The #LUNC and #USTC burns that started in May 2022 continue uninterrupted. Binance, the world's largest cryptocurrency exchange; regularly burns LUNC every month and shares burn information on its official page.
Binance Square is pleased to introduce the launch of a new campaign on the Task Center on the Binance App. Users can complete simple tasks daily to unlock a share of $5,000 in USDC token rewards and earn Binance Points.
Activity Period: 2024-12-19 06:00 (UTC) to 2024-12-25 06:00 (UTC)
All eligible users can complete each of the following tasks once every day during the Activity Period.
Tasks: 1. Check in to Binance Square daily.* 2. Create a post with at least 100 characters using the limited-time hashtag (e.g., $BTC) OR selected trading pair. 3. For new Square users who have never posted on Square before the Activity Period, their first post will count as double (i.e., 2 participations).
Notes: Limited-time hashtag and selected trading pair will be refreshed daily at 06:00 (UTC) and will run for 24 hours.
Completion of check-in AND creation of post (either with the hashtag OR the trading pair) counts as 1 participation. Users will need to complete both tasks within the 24-hour window for it to be counted as a valid entry.
Reward per Eligible Participant = Number of Tasks Completed / Total Number of Tasks Completed by All Participants * Reward Pool, capped at $10 per participant.
Terms & Conditions This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for their entries to be counted as valid. Users will receive a share of the reward pool and Binance Points upon completion of tasks and will be able to redeem their voucher and Points via Profile > Rewards Hub. Token vouchers will be distributed within 21 working days after the campaign ends and expire 14 days after distribution. Points will expire on the last day of the same month a year later on a first-in, first-out basis. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards.