Crucial Proposal Approved: Terra Luna Classic Community Thrives as LUNC and USTC Prices Soar

Crypto News- In a resounding show of support, the Terra Luna Classic community has swiftly approved a pivotal proposal aimed at rejuvenating LUNC and USTC. The approved proposal revolves around the on-chain implementation of terrad client v2.3.1, specifically addressing the integration of a dynamic validator commission module. The positive outcome has ignited a substantial surge in LUNC and USTC prices following the liquidity deployment.

Crucial Proposal Approved: Terra Luna Classic Community Thrives as LUNC and USTC Prices Soar

Community Unites Behind Terra Luna Classic Proposal 11885

Proposal 11885, titled “Sequence Mismatch Issue Resolution,” has successfully garnered community approval for the on-chain deployment of terrad client v2.3.1. Noteworthy is the update’s critical fix for the dyncomm ante decorator, addressing a significant account sequence issue. Although voting is still ongoing, the proposal achieved passage within just a day.

Last week, the community greenlit v2.3.0, ushering in the dyncomm module and incorporating protocol logic to determine minimum validator commissions based on voting power. However, L1TF lead Vinh Nguyen raised concerns about “a critical issue regarding sequence mismatch affecting some validators during commission edits.” This problem has resulted in certain accounts being restricted from further interactions with the chain.

As previously reported by CoinGape Media, Terra Luna Classic’s core developer L1TF officially endorsed the dyncomm module for dynamic validator commissions.

Overwhelming Support and Token Rally

The proposal received an overwhelming 99.96% approval from the Terra Luna Classic community, with prominent backing from leading validators. All 30 current voters endorsed the proposal, including validators such as Allnodes, Interstellar Lounge, Orion, StakeBin, JESUSisLORD, and more.

Terra Ecosystem Tokens Surge

The positive community decision has triggered a notable rally in token prices. LUNC observed a remarkable 25% surge in the past 24 hours, currently trading at $0.000098, with a trading volume surge of 1120%. USTC, priced at $0.048, experienced a staggering 200% increase, with trading volume also spiking significantly.