Terra Luna Classic Votes On LUNC Payout Proposal
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Terra Luna community approves a major LUNC fund proposal with a 99.98% vote, signaling strong support for future growth.
HIGHLIGHTS
The Terra Luna Classic community voted with 99.98% approval to support the Genuine Labs Community Spend Proposal on June 3, 2024.
The approved proposal will allocate over 256 million LUNC to fund development projects that enhance the ecosystem's innovation and sustainability.
Following the voting outcomes, the price of Terra Luna's native token, LUNA, increased by 1.68%.
The Terra Luna Classic community has overwhelmingly supported the Genuine Labs Community Spend Proposal.
On June 3, 2024, the proposal achieved a 99.98% approval rate, with virtually no opposition. This vote is expected to significantly influence the future trajectory of the Terra Luna Classic network.
The community’s approval of the proposal to allocate 256,410,256 LUNC for development projects marks a pivotal moment for Terra Luna Classic.
This fund is designated to foster innovation and sustainability within the ecosystem.
The voter turnout was notably high, with 84.2 billion votes cast, representing a substantial portion of the total voting power.
This robust participation underscores the community’s strong interest and confidence in Genuine Labs’ strategic direction for the platform.
Moreover, this near-unanimous decision reflects a collective optimism toward enhancing the network’s capabilities.
The community’s backing is a nod to potential growth and a commitment to the platform’s long-term viability.
Such support is crucial as it empowers developers to undertake projects that can introduce new functionalities and improve the overall ecosystem.
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