LUNC Price Jumps Following Governance Upgrade To Clean Up Ecosystem

• Terra Luna Classic has upgraded its minimum deposit requirement for new proposals.
• The Terra Luna Classic community’s minimum initial deposit is now set at 1M LUNC.
• LUNC rallied 10% following the new minimum initial deposit approval.

Terra Luna Classic has upgraded the minimum deposit requirement for new proposals in its ecosystem. At the end of a voting process, the Terra Luna community voted in favor of Proposal 12071, titled “Set the Minimum Initial Deposit to 1M LUNC.”

#LUNC Proposal 12071
Set the Minimum Initial Deposit to 1M LUNC

Luna Classic Labs votes – YES

Comment:
"Deposit" is a place in the Governance system that is full of spam. For that reason, I don't go there at all and I don't pay any attention to proposals in the deposit phase. I… pic.twitter.com/Z0ALyLPgpa

— LunaClassicLabs.com – 0% Fee LUNC Validator (@LunaClassicLabs) February 21, 2024

Following the proposal’s description, it aims to clean up the project’s governance system, targeting spam reduction and enhancing proposal quality. A Terra Luna community member commented that “Deposit” is a place in the governance system full of spam. Hence, he no longer goes there nor pays att…

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