In a significant development for the LUNC community, Proposal #11766 for upgrade v2.2.1 has been presented by the L1 Team and is now open for voting. This proposal carries the promise of addressing past issues within the LUNC blockchain and steering it towards a more positive trajectory.
Proposal #11766 for upgrade v2.2.1 is up for voting & is submitted by L1 Team.#LUNCCcommunity don't forget to read this proposal details & cast your vote on it hopefully it will bring positivity & fix the chain which was broken in past upgrade.
RT#LuncBurn #LUNA #USTC #BTC pic.twitter.com/tJOCeeU9jz
— 🐂Saqlain Ali🐂💚🌙 (@SaqlainAli888) September 5, 2023
L1 Team Suggests Upgrade v2.2.1 for LUNC
The LUNC community is urged to thoroughly review the proposal’s details and actively participate in the voting process. This democratic approach to decision-making highlights the decentralized nature of blockchain networks, where community input plays a pivotal role in shaping the network’s future.
Ali Responds to Community Concerns
The proposal has garnered support from notable figures within the LUNC community, including Saqlain Ali, who took to Twitter to voice his endorsement. In response to community concerns about LUNC performance, Ali emphasized the increasing trend in LUNC burn rates.
#LuncBurn is increasing a bit & 36m got burned in last 24h & we need to reach 1b burn regularly target.#LUNCCcommunity to reach our target we have to support our #LUNC chain projects & those can generate volume for burns.
RT & FOLLOW.#LuncArmy #LUNA #USTC #LUNW #BTC $LUNC pic.twitter.com/pHn5efiQX7
— 🐂Saqlain Ali🐂💚🌙 (@SaqlainAli888) September 5, 2023
In the last 24 hours alone, a remarkable 36 million LUNC tokens were burned. The community’s ambitious target is to regularly achieve a burn rate of 1 billion LUNC tokens, a goal that underscores the community’s commitment to token utility and scarcity.
To reach this ambitious milestone, Ali stressed the importance of supporting LUNC chain projects that can generate substantial trading volume, subsequently contributing to the increased burn rate. This emphasis on ecosystem development highlights the community’s dedication to enhancing the LUNC blockchain’s overall health and sustainability.
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The ongoing Proposal #11766 for upgrade v2.2.1 is a pivotal moment for the LUNC community, signalling a concerted effort to address past challenges and propel the network towards a brighter future. Saqlain Ali’s endorsement and the emphasis on burn rate increase underscore the community’s determination to create a more robust and dynamic ecosystem.
As the community engages in the voting process and supports projects aimed at boosting trading volume, the LUNC blockchain stands poised to achieve its ambitious burn rate target. This cooperative effort not only strengthens the LUNC network but also showcases the power of decentralized decision-making and community-driven development in the world of blockchain technology. The outcome of this proposal and the ensuing actions of the LUNC community will be closely watched as they strive for increased network vitality and sustainability.