CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino
CoinGape 2025-03-17 18:41:50

LUNC News: Top Validator Flags Controversial Terra Luna Classic Proposal

In recent developments, a major disagreement has been brewing in the Terra Luna Classic (LUNC) community after a popular validator, MrDiamondhandz, strongly opposed a new governance proposal. In an X post, MrDiamondhandz, who runs LuncLiveOrg, called the proposal one of the worst in recent times. He warned that it could have serious consequences for the network if approved. Terra Classic Proposal for Sub DAOs The governance proposal under criticism seeks to create a Terra Classic Sub-DAO. This proposal hinges on plans to decentralize decision-making processes within the LUNC ecosystem. It also suggests creating a special team to respond to emergencies without waiting for full governance approval. The goal is to make decision-making faster and more efficient. However, this proposal has spurred mixed reactions among community members. Critics claim it could grant excessive, unchecked power to a select group and undermine the blockchain’s decentralized ethos. Similarly, critics fear that bypassing traditional governance mechanisms could lead to decisions misaligned with the broader interests of the LUNC ecosystem. Notably, the proposal has garnered 39.41% approval, 7.95% opposition, and 25.47% votes marked as “No with veto.” The voter turnout is 28.95%, falling short of the 40% quorum required for passage. The Terra Luna Classic Proposal Pushback MrDiamondhandz has emerged as a vocal critic of the proposal. In an X post , he termed it a realistic effort to develop centralized legitimacy under the pretense of decentralization. Meanwhile, a LUNC Telegram group screenshot has added to the debate. In the chat, a community member said they might leave the blockchain if the proposal fails. Another user agreed, raising concerns that the issue could split the community. Speaking on the above, MrDiamondhandz pointed out that some supporters of the proposal have even threatened to leave if it does not pass. However, he firmly believes their departure would benefit the Terra Luna Classic network. Unfortunately, this dissension comes as the Terra Luna Classic (LUNC) community recently celebrated a major achievement. Reports show that the total number of LUNC tokens burned in the network has passed 400 billion. Market Reaction and LUNC Price Outlook It is worth mentioning that despite market volatility and controversy, LUNC’s price has stayed relatively stable, with no significant fluctuations observed. However, Investors closely monitor the situation, as substantial governance changes could influence market sentiment. As of this report, Terra Classic was trading at $0.00006361, increasing by 1.11% in the last 24 hours. In related news, CoinGape reported that the Terra Luna Classic community is considering reducing the 21-day waiting period for withdrawing staked LUNC . The post LUNC News: Top Validator Flags Controversial Terra Luna Classic Proposal appeared first on CoinGape .

면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.