Terra Classic Game-Changing Proposal: What’s In Store For LUNC’s Future?
Terra Classic (LUNC) has taken a decisive action in a bid to tackle the rising tide of spam proposals flooding its blockchain.
The project recently submitted a groundbreaking proposal aimed at altering some fundamental aspects of its ecosystem to mitigate the incessant spam proposals that have been plaguing it.
The Terra Classic community hopes that this move will help restore order and efficiency to its blockchain.
Related Reading: Boosting Optimism Protocol: Can Incentives Drive OP Prices Higher? One of the most significant changes proposed is the substantial increase in the minimum deposit required for submitting proposals.
In response to the dwindling effectiveness of a 1 million LUNC deposit due to the cryptocurrency’s recent price drop, the proposal suggests elevating the minimum deposit to 5 million LUNC. This move is expected to serve as a deterrent against frivolous and spammy proposals that have been inundating the platform.
Initiative to combat spam proposals by increasing minimum deposit amount to 5M LUNC We currently have seen an increase in “SPAM” proposals going up, since the price of LUNC has dropped, 1M LUNC is no longer effective in combatting these types of proposals, this proposal will…