Terra Classic Community Votes to Cancel Grand Proposal
Luke News: The popular terra luna Classic validator is introducing a proposal to repeal the 11889 pay-per-work offer, which appears to be hindering developments on the chain. The stalemate among Terra Luna Classic validators blocked the L1TF core security upgrade bundle bid, as validators including Allnodes claimed it violated pay-per-bid.
Terra Classic’s Proposal to Eliminate Pay Per Job
Proposal 12013 “Revocation of 11889 PPJ” by validator LuncLive is up for a vote on the Station wallet, and the deadline for the proposal is February 5th. He aims to repeal pay-for-work and the government-run job offer, believing it leads to too much uncertainty. Confusion among the community, builders and validators.
According to the proposal, 11889 was interpreted in a binary way, which led to opposing viewpoints among validators and led to a halt in development and progress. It also recommends developing a revised pay-per-work version. In the meantime, it is essential that the proposal regarding the continuation of operations and decision-making processes be repealed.
“Due to recent events and uncertainties involving the LUNC military, pay-per-job and management-managed backlog proposal 11889, the Luncliveorg validator submitted proposal 12013 to repeal this support until a more appropriate and restructured alternative can be created.” Mr. Diamondhandz1 said Luncliveorg is the host.
In the first vote, the proposal received 25 percent “Yes”, 1 percent “No”, 46 percent “no with veto” and 28 percent “abstentions”. The high number of veto No votes indicates that the community does not want similar proposals in the future.
Read More: Terra Classic Burn Reaches 95 Billion Milestone, LUNC Price and USTC Hit $1?
LUNC price is down over 1% in the last 24 hours and the price is currently trading at $0.00009779. The 24-hour high and low are $0.0000983 and $0.0001017 respectively. Additionally, transaction volume decreased by 18% in the last 24 hours.
Meanwhile, USTC price is down 2% in the last 24 hours and the price is currently trading at $0.0257. The 24-hour low and high are $0.0256 and $0.0265 respectively.
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