GenuineLabs
178,067 προβολές
9 Δημοσιεύσεις
Δημοφιλές
Πιο πρόσφατα
Terra LUNA & LUNC:
🌖 Terra Luna Classic Community Approves Major LUNC Fund Proposal
The Terra Luna Classic community has spoken, and its message is clear: strategic, well-planned proposals are the path forward. On June 3, 2024, the community voted for the #GenuineLabs Community Spend Proposal, and the results were favoring the proposal with 99.98% of the vote. This is quite the opposite of their previous rejection of Proposal 12105, which aimed to raise the #LUNC✅ burn tax with no strategy.
Community Invests in Innovation
The recent proposal made by Genuine Labs to allocate 256,410,256 $LUNC
towards development projects is a new frontier for Terra Luna Classic. This fund will encourage innovation and sustainability in the ecosystem. The community’s near-unanimous approval reflects a collective optimism about enhancing the network’s capabilities.
The voter turnout was relatively high, with 84. 2 billion votes tallied. This high turnout shows that the community is very interested in Genuine Labs’ direction. With large investments, they allow developers to add new features and improve the system in general.
The community’s backing is a powerful endorsement of potential growth and long-term viability. It signals to developers and investors that #TerraLunaClassic is actively shaping its future, not just clinging to its past. This support could bring about more talents and resources to fast-track the platform’s development.
#IOprediction #BTC
🌖 Terra Luna Classic Community Approves Major LUNC Fund Proposal
The Terra Luna Classic community has spoken, and its message is clear: strategic, well-planned proposals are the path forward. On June 3, 2024, the community voted for the #GenuineLabs Community Spend Proposal, and the results were favoring the proposal with 99.98% of the vote. This is quite the opposite of their previous rejection of Proposal 12105, which aimed to raise the #LUNC✅ burn tax with no strategy.
Community Invests in Innovation
The recent proposal made by Genuine Labs to allocate 256,410,256 $LUNC
towards development projects is a new frontier for Terra Luna Classic. This fund will encourage innovation and sustainability in the ecosystem. The community’s near-unanimous approval reflects a collective optimism about enhancing the network’s capabilities.
The voter turnout was relatively high, with 84. 2 billion votes tallied. This high turnout shows that the community is very interested in Genuine Labs’ direction. With large investments, they allow developers to add new features and improve the system in general.
The community’s backing is a powerful endorsement of potential growth and long-term viability. It signals to developers and investors that #TerraLunaClassic is actively shaping its future, not just clinging to its past. This support could bring about more talents and resources to fast-track the platform’s development.
#IOprediction #BTC
Terra Luna Classic Set To Implement Tax2Gas and End $LUNC Burn Tax?
#TerraLunaClassic developer group #GenuineLabs proposes to go ahead with the Tax2Gas implementation, removing the need for separate handling and calculation of tax. The move comes in response to the Tax2Gas approach for #TerraClassic chain suggested earlier by popular developer StrathCole and Genuine Labs.
Tax2Gas will incorporate the tax into the gas and remove the need for separate handling and calculation. The proposal aimed to increase the on-chain tax rate to 1.5%, which brings back to the original 1.2% burn tax, with 0.3% to fund the chain by the current on-chain 80/20% tax split.
#TopCoinsJune2024 #BTC
#TerraLunaClassic developer group #GenuineLabs proposes to go ahead with the Tax2Gas implementation, removing the need for separate handling and calculation of tax. The move comes in response to the Tax2Gas approach for #TerraClassic chain suggested earlier by popular developer StrathCole and Genuine Labs.
Tax2Gas will incorporate the tax into the gas and remove the need for separate handling and calculation. The proposal aimed to increase the on-chain tax rate to 1.5%, which brings back to the original 1.2% burn tax, with 0.3% to fund the chain by the current on-chain 80/20% tax split.
#TopCoinsJune2024 #BTC
🌖 Terra Luna Classic Votes On LUNC Payout Proposal
The #TerraLunaClassic community has overwhelmingly supported the #GenuineLabs 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.
High Voter Turnout Boosts Terra Luna Projects
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.
#BNBCrossing660 #StartInvestingInCrypto
The #TerraLunaClassic community has overwhelmingly supported the #GenuineLabs 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.
High Voter Turnout Boosts Terra Luna Projects
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.
#BNBCrossing660 #StartInvestingInCrypto
$LUNC
🚀 Exciting News for the Terra Luna Classic Community! 🚀
We're thrilled to announce that Genuine Labs' proposal for significant core updates has been officially approved by the Terra Luna Classic community. These updates are set to bolster security, functionality, and interoperability within our ecosystem.
With enhancements and optimizations to Wasmd, IBC Go, and Cosmos SDK, Proposal 12088, "Genuine Labs' security upgrade packages," has received an overwhelming 99.95% "Yes" vote, showcasing tremendous support from validators such as Allnodes, Orion, Interstellar Lounge, Stakely, and JesusIsLord.
Genuine Labs aims to implement these crucial upgrades over an 8-week period, with an estimated budget of $30,000. The upgrades, starting with Cosmos SDK 0.47 and followed by Cosmos SDK 0.50.1, promise enhanced security, improved interoperability, and developer-friendly enhancements for applications within our beloved Cosmos network.
In addition to these exciting developments, we've observed a notable increase in the LUNC burn rate, with an average daily burn of 200 million tokens and a total of 1.3 billion LUNC tokens burned this week alone. This decline in supply has contributed to a more than 2% rise in futures open interest on major derivatives exchanges.
On the price front, LUNC has seen a 1% increase over the past 24 hours and an impressive 12% surge over the week, currently trading at $0.000193. With analysts speculating a potential breakout above $0.0005, anticipation is high for what lies ahead in our Terra Luna Classic journey!
Stay tuned for more updates as we continue to innovate and grow together.
#TerraLunaClassic #GenuineLabs
🚀 Exciting News for the Terra Luna Classic Community! 🚀
We're thrilled to announce that Genuine Labs' proposal for significant core updates has been officially approved by the Terra Luna Classic community. These updates are set to bolster security, functionality, and interoperability within our ecosystem.
With enhancements and optimizations to Wasmd, IBC Go, and Cosmos SDK, Proposal 12088, "Genuine Labs' security upgrade packages," has received an overwhelming 99.95% "Yes" vote, showcasing tremendous support from validators such as Allnodes, Orion, Interstellar Lounge, Stakely, and JesusIsLord.
Genuine Labs aims to implement these crucial upgrades over an 8-week period, with an estimated budget of $30,000. The upgrades, starting with Cosmos SDK 0.47 and followed by Cosmos SDK 0.50.1, promise enhanced security, improved interoperability, and developer-friendly enhancements for applications within our beloved Cosmos network.
In addition to these exciting developments, we've observed a notable increase in the LUNC burn rate, with an average daily burn of 200 million tokens and a total of 1.3 billion LUNC tokens burned this week alone. This decline in supply has contributed to a more than 2% rise in futures open interest on major derivatives exchanges.
On the price front, LUNC has seen a 1% increase over the past 24 hours and an impressive 12% surge over the week, currently trading at $0.000193. With analysts speculating a potential breakout above $0.0005, anticipation is high for what lies ahead in our Terra Luna Classic journey!
Stay tuned for more updates as we continue to innovate and grow together.
#TerraLunaClassic #GenuineLabs
🌖 More on the Terra Luna Classic (LUNC) Proposals
According to an explanation in regards to this proposal,
“increasing the minimum commission is meant to increase the income especially for small validators to motivate them to invest in better infrastructure and increase resistance against attack.”
Interestingly, the same can be said of Proposal 12094 “Proposal to decrease MaxBlockSize”. This has been approved officially by the Terra Luna Classic community after surpassing the threshold. The developer team #GenuineLabs was the chief architect of this proposal and is meant to decrease the MaxBlockSize from 5 MB to 2 MB to mitigate peer-to-peer spam.
With all of these approved to serve the best interest of the ecosystem, Proposal 12095 – 10x Gas Fees which Crypto News Flash extensively covered was voted against because it could severely damage DApps and threaten the existence of an auto-compound module.
In addition to these developments, the #TerraLunaClassic community pool balance has also reached a new milestone at an all-time high of 5 billion LUNC. As of April 21, the community pool held 5,005,468,596 $LUNC and 11,803,526 #USTC . This implies that developers and contributors have access to more funds. However, it has not been utilized to the maximum capacity.
Contrary to the ongoing activities within the community, #LUNC✅ has failed to hold its ground as it breaks major support levels to fall by 9% in the last 24 hours, extending its 30-day decline to 39%. At press time, the asset was trading at $0.0001018 with a 5% decline in its 24-hour trading volume.
However, analyst Javon Marks believes that the asset could stage a bullish reversal to surge by 270% amid the bull market. His prediction was based on the formation of a massive bull pennant pattern in the long timeline.
#bitcoin
According to an explanation in regards to this proposal,
“increasing the minimum commission is meant to increase the income especially for small validators to motivate them to invest in better infrastructure and increase resistance against attack.”
Interestingly, the same can be said of Proposal 12094 “Proposal to decrease MaxBlockSize”. This has been approved officially by the Terra Luna Classic community after surpassing the threshold. The developer team #GenuineLabs was the chief architect of this proposal and is meant to decrease the MaxBlockSize from 5 MB to 2 MB to mitigate peer-to-peer spam.
With all of these approved to serve the best interest of the ecosystem, Proposal 12095 – 10x Gas Fees which Crypto News Flash extensively covered was voted against because it could severely damage DApps and threaten the existence of an auto-compound module.
In addition to these developments, the #TerraLunaClassic community pool balance has also reached a new milestone at an all-time high of 5 billion LUNC. As of April 21, the community pool held 5,005,468,596 $LUNC and 11,803,526 #USTC . This implies that developers and contributors have access to more funds. However, it has not been utilized to the maximum capacity.
Contrary to the ongoing activities within the community, #LUNC✅ has failed to hold its ground as it breaks major support levels to fall by 9% in the last 24 hours, extending its 30-day decline to 39%. At press time, the asset was trading at $0.0001018 with a 5% decline in its 24-hour trading volume.
However, analyst Javon Marks believes that the asset could stage a bullish reversal to surge by 270% amid the bull market. His prediction was based on the formation of a massive bull pennant pattern in the long timeline.
#bitcoin
