Terra Classic

Terra

Billion

Raise

<img decoding="async" width="1200" height="675" src="https://coingape.com/wp-content/uploads/2024/03/Terra-e1712334726708.jpg" class="attachment-full size-full wp-post-image" alt="Terra Luna Classic To Raise Minimum Commission For Validators, LUNC Price to Recover?" style="float:right; margin:0 0 10px 10px;">
Terra Luna Classic has approved proposal to raise minimum commission to 2.5% as a benefit for small validators to increase the infrastructure validators run on. The proposal was also introduced to prevent <a href="https://coingape.com/terra-luna-classic-block-size-proposal-officially-passed-lunc-price-soars-10-ustc-20/" target="_blank" rel="noopener">spam attacks</a> on the chain. 
Terra Classic ecosystem tokens’ prices have been trading above support despite a decline in trading volumes, with LUNC price up 12% in a week. 
<h2 id="terra-luna-classic-community-supports-small-validators">Terra Luna Classic Community Supports Small Validators</h2> 
Proposal 12097 “Minimum Commission 2.5%” is currently under voting and the proposal is currently passing, with quorum and pass threshold reached. The aim of the proposal is to increase minimum commission for validator from 0% to 2.5% in an effort to help boost infrastructure validtors run on. 
The proposal has received over 35 “Yes” votes, along with 32% “No”, 0.5% “No with veto” and 32.50% “Abstain” votes. While most of the validators voted in favor of the proposal, top validator Allnodes said “Top 15 validators had 84.62% VP before the implementation of the dynamic commission. Now they have 69.48%. Numbers would be significantly less with a 2.5% minimum commission.” 7 validators such as Allnodes and JesusisLord voted “No” and 33 validators have voted in favor. 
“0% commission makes it difficult to allow this to happen while being competitive with other validators. A recent 5% prop was voted down due to decreasing the delta for DynComm too much, as such 2.5% is being proposed as a happy medium,” as per the proposal. 
Read More: <a href="https://coingape.com/terra-classic-community-turning-down-highly-debated-proposal/" target="_blank" rel="noopener">Terra Classic Community Officially Rejects Highly Debated 10x Gas Proposal</a> 
<h2 id="lunc-and-ustc-prices">LUNC and USTC Prices</h2> 
<a href="https://coingape.com/price/terra-luna-classic/" target="_blank" rel="noopener">LUNC price</a> fell 2% in the last 24 hours after 15% jump in a week, with the price currently trading at $0.000111. The 24-hour low and high are $0.000110 and $0.000114, respectively. Moreover, trading volume decreased by 39% in the last 24 hours, indicating a decline in interest among traders. 
Meanwhile,&nbsp;<a href="https://coingape.com/price/terraclassicusd" target="_blank" rel="noopener">USTC price</a> also fell over 1%, with the price changing hands at $0.01985. The price climbed 20% higher last week, but the trading volume dropped causing USTC to lose momentum. The 24-hour low and high are $0.01963 and $0.02039, respectively. 
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The post <a href="https://coingape.com/terra-luna-classic-to-raise-minimum-commission-for-validators-lunc-price-to-recover/">Terra Luna Classic To Raise Minimum Commission For Validators, LUNC Price to Recover?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Terra Luna Classic To Raise Minimum Commission For Validators, LUNC Price to Recover?

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