- Concerns rise over potential spam surge following Luna Classic value decline.
- Terra Classic community considers increasing required deposit to deter spam.
- LUNC’s price decreases by 2.4%, trading volume surges by 208%.
Concerns have been raised about a potential surge in spam following the decline in Luna Classic
The consideration of Proposal 11780, which aims to increase the minimum deposit, is underway. The objective is to create a higher barrier for fraudulent proposals to surpass the deposit stage by augmenting the minimum deposit requirement. This modification is intended to decrease the prevalence of spam and irrelevant proposals within the Terra Classic community soliciting votes.
Unclear Outcome
Validators assert that the 1 million LUNC threshold cannot deter certain proposals. The Station community wallet has experienced a surge in spam suggestions, as the Hexxagon development team reported.
Currently, 34% support the plan, 64% oppose it, and 2% reject it with veto power. Among the nine validators, Hexxagon, Lunanauts, and Coinpayu are the three who have deemed the proposal authentic.
On September 12, at 9:57 a.m. UTC, there will be an upgrade to v2.2.1 for the core of Terra Classic. To reestablish the peg of USTC, the TerraUSD Classic (USTC) quant team has initiated communication with major centralized exchanges.
The latest trading volumes for LUNC and Terra LUNA have seen a substantial rise, propelled by major initiatives approved by the community. As per CMC data, LUNC’s price is $0.00005918, marking a 2.4% decrease in the past 24 hours. Furthermore, there has been a 208% surge in the trading volume.
