Terra Classic proposition making KYC mandatory for all L1 engineers has been officially approved by the community after inconsistent voting by individuals and validators. Those who primarily favor the proposition call it a pivotal occasion, with an enormous voting turnout of 90.5%. As the Terra Classic community pushes to increment improvement on the chain with […]
The proposition by the Terra Classic community to make KYC a necessary requirement for all L1 engineers is supported by the community, with an astounding vote. As the community pushes to increment development on the chain with third-party developers, it became important to acquaint some safety measures to tackle any harm to the chain. Read […]
In a decisive move to breathe new life into Terra Classic (LUNC) and its stablecoin USTC, the community has rallied behind and unanimously approved a pivotal proposal. The proposal, named “Sequence Mismatch Issue Resolution” or Proposal 11885, focuses on deploying terrad client v2.3.1 on-chain, specifically addressing critical concerns related to the dyncomm ante decorator and […]
In a decisive move, the LUNC community has given resounding approval to the Terra Luna Classic v2.3.0 upgrade proposal through governance voting. This upgrade, which integrates Terrad client v2.3.0, introduces a dynamic validator commission system known as the dyncomm module. The community embraced the proposal with a 93% “Yes” vote, signalling strong support for the […]
In the world of blockchain, upgrades are common occurrences, often executed with meticulous planning and minimal disruption. However, the recent upgrade event on the Lunc blockchain, which transitioned from SDK 45 to SDK 46, proved to be a challenging ordeal for validators and the community alike. The upgrade process began as scheduled, with block 14,514,000 […]
 In response to a growing concern over the increasing volume of spam proposals on the Terra Classic blockchain, the Terra Classic community has put forward a proposal to raise the minimum deposit required for proposal eligibility. The current minimum deposit stands at one million Terra Luna Classic (LUNC), equivalent to approximately $57.23. However, Parameter Change […]
In a recent development within the Terra Luna Classic (TerraLC) ecosystem, a highly debated proposal aimed at reviving the LUNC token and pegging USTC back to $1 through the reintroduction of the market swap function with a limiter has been rejected by the community. Despite garnering support from a significant portion of validators, the proposal […]
In a resounding display of unity and conviction, the Terra Luna Classic community has achieved a pivotal milestone by passing Proposal 11710, signalling the official approval for the direct burning of a staggering 800 million USTC tokens. The proposal, spearheaded by Vegas and propelled by strong community support, carries profound implications for the Terra Luna […]
In a significant development, the Terra Classic community has shown overwhelming support for the v2.1.0 Parity upgrade proposal put forth by the Joint L1 Task Force (L1TF). This approval marks a crucial milestone for the Terra Classic ecosystem, as it sets the stage for major modifications and improvements, making it the most significant upgrade since […]
The recent analysis revealed that the Terra Classic (LUNC) community has finally crossed the 50 billion token burn threshold. Though this amount represents only a fraction of Terra Classic’s supply, it underscores the community’s efforts toward rejuvenating the asset. Notably, As of last Wednesday, total burns sat at 49.7 billion tokens; this means the community […]