Terra Luna Classic Proposal To Directly Burn 800 Mln USTC Officially Passed, LUNC Jumps
The Terra Luna Classic community passes a proposal to burn 800 million USTC tokens, resulting in a rebound of LUNC and USTC prices after a market selloff.
Topics
Posted 8/21/2023, 9:13:43 AM
coingape.com
Relevant topic timeline:
The Terra Luna Classic community is revoting on a proposal to fund the USTC Quant team after the initial vote failed to meet the required votes, with the resubmission attributed to the Terra Station wallet issues.
A proposal is being considered in the Terra Classic community to raise the minimum deposit requirement from 1 million LUNC to 5 million LUNC in order to combat the increase in spam and irrelevant proposals, with 34% in favor and 64% against the proposal.