LUNC News: Terra Classic Community Votes To Repeal Major Proposal
Lunc News: Popular Terra Luna Classic validator brings a proposal to repeal 11889 pay-per-job proposal as it turns out to be hindering developments on the chain. A stalemate between Terra Luna Classic validators blocked a proposal for the L1TF core security upgrade package as validators including Allnodes claimed it violates the pay-per-proposal.
Terra Classic Proposal To Repeal Pay-Per-Job
Proposal 12013 “Repeal Proposal 11889 PPJ” by validator LuncLive is up for voting on Station wallet and the deadline for the proposal is February 5. It aims to repeal pay-per-job and governance-ruled job proposal believing that it caused much uncertainty and confusion amongst the community, builders, and validators.
As per the proposal, 11889 has been interpreted in a binary manner, leading to contrasting perspectives among validators and halted development and progress. It also recommends coming up with a revised pay-per-job version. Meanwhile, it is essential to repeal the proposal for continuing operations and decision-making processes.
“LUNC army due to recent events and uncertainties involving proposal #11889 Pay-per-job and governance- ruled job list, the Luncliveorg validator has submitted proposal #12013 to repeal this prop until a more suitable, and restructured alternative has been created,” Mr Diamondhandz1 said host of Luncliveorg.
During the initial voting, the proposal received 25% “Yes”, 1% “No”, 46% “No with veto”, and 28% “Abstain” votes. The high number of No with veto votes indicates the community doesn’t want similar proposals in the future.
Read More: Terra Classic Burn Hits 95 Billion Milestone, LUNC Price And USTC To $1?
LUNC price fell over 1% in the last 24 hours, with the price currently trading at $0.00009779. The 24-hour high and low are $0.0000983 and $0.0001017, respectively. Moreover, trading volume has decreased by 18% in the last 24 hours.
Meanwhile, USTC price dropped 2% in the last 24 hours, with the price currently trading at $0.0257. The 24-hour low and high of $0.0256 and $0.0265, respectively.
Also Read:
- Bitcoin Price: Analyst Who Predicted $38K Drop Says Rally To $50,000 Next
- Spot XRP ETF: Futures ETF Is Not Required For Approval Says Bloomberg Analysts
- Solana DEX Jupiter Unveils More JUP Airdrops, Amid WEN Meme Coin Hype
- Pi Network Set for Massive Growth as App Studio Upgrade Expands Pi Coin Utility
- US Shutdown Beyond 40 Days To Delay Crypto ETF Approval, But Demand Spikes
- OpenSea Set to Reward Investors With Massive SEA Token Airdrop Ahead of Q1 2026 Launch
- Cardano’s Charles Hoskinson Addresses Allegations of Diverting Treasury Funds
- BlackRock Dumps Bitcoin and Adds Ethereum Amid Crypto Market Crash
- Ethereum Price Eyes $7,000 by Q4 as Bitmine Accumulates $281M ETH — Will History Repeat Itself?
- HYPE Price Teeters Amid Weak Technicals and Soaring Liquidations
- XRP Price Prediction As Ripple Announces $1B Treasury Plans – Is a Rebound Imminent?
- Bitcoin Price Prediction Amid Gold’s Parabolic Rally to Second-Largest Reserve Asset
- 3 Altcoins Defying the Market Momentum In October 2025
- Ethereum Price Prediction: Analyst Identifies MACD Bearish Pattern Despite $417M BitMine Buy
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
