Despite the fact that the minimum deposit amount was increased from 1 million LUNC to 5 million LUNC in September last year, Terra Classic The community voted on another proposal regarding changing the minimum deposit as spam offers continue.
Terra Classic Sets Minimum Initial Deposit to 1 million LUNC
Proposition 12071 was put up for a vote on the Station wallet under the title “Set Minimum Initial Deposit Amount at 1M LUNC.” The recent increase in spam offers and low-quality recommendations emphasizes the need for this change. Its purpose is to prevent such offers from appearing even at the deposit stage.
This change will increase the minimum initial deposit rate for management offers to 20%. The minimum deposit amount, currently 5 million LUNC, will now equal 1 million LUNC. So, for a proposal to advance to the governance voting stage, the initial deposit required will be 1 million LUNC, and the proposal will need to receive a total deposit of 5 million LUNC to be accepted.
So far, the proposal has received over 98% “Yes” votes and 1% “No” votes. Additionally, some participants abstained. The community of 18 validators has fully supported the proposal so far. However, some Terra Luna Classic members are of the opinion that this amount is still insufficient.
LUNC price is up 1% in the last 24 hours, following a 15% increase last week. It is currently trading around $0.000129. The lowest and highest prices were recorded as $0.000127 and $0.000135 respectively. However, trading volume has decreased by 24% in the last 24 hours. According to CoinGape analysis, there are five reasons why LUNC price could reach $0.0002 soon.
On the other hand, USTC price is trading at $0.0329, up more than 5% in the last 24 hours. The highest and lowest prices were set at $0.0313 and $0.0351 respectively. Transaction volume increased by 130% in the last 24 hours. Koinfinans.com As we reported, USTC is up 28% in a week.
