Terra Luna Classic Proposal for Forum Upgrade Gets Green Light
The community within Terra Luna Classic has approved Proposal 11947, marking the consensus for a self-governed commonwealth platform.
Despite resistance from certain members, the proposal aimed to transition away from the current third-party Commonwealth forum. Its objective was to introduce impartial moderation and consistency by establishing an official forum.
This proposal gained the community’s approval by surpassing the required threshold, receiving 79% “Yes” votes in support. Notably, 60 validators engaged in the governance vote, with 35 voting in favor, while 4 opposed and 2 vetoed. Key validators such as Allnodes, Interstallar Lounge, HappyCattyCrypto, TerraCVita, and StakeBin supported the proposal.
The rationale behind this move stemmed from the inadequacies observed within the existing third-party platform. Instances of racism, doxxing, and harassment often remained poorly moderated or ignored, necessitating urgent improvements, as outlined in the proposal.
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In another development, Terra Luna Classic tokens face downward pressure after the earlier surge in LUNC and USTC prices, led by Binance, during December. A potential uptrend in the broader crypto market might aid in the recovery of LUNC and USTC prices.
LUNC is currently trading at $0.000148, marking a 4% decline in the last 24 hours, with increased trading volume by 18%. Meanwhile, USTC trades at $0.0335, also down 4% in the last 24 hours, with a recorded low and high of $0.032 and $0.035, respectively.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
