The Terra Classic community has been abuzz with Proposal #12149. Just three days after its launch, validators and delegates decisively voted NO, rejecting the proposal in its entirety. This swift response has sparked debates, with opinions ranging from support to skepticism.
Let’s break it down.
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The Proposal Debate
Abstaining Voices: Many community members, including validators, chose to abstain from the vote. The reason? It’s considered too soon to make major proposals, given that the v3.3.0 update was just released.
Timing Concerns: With the chain still adjusting to the update, some argue it’s better to observe its impact before introducing significant changes.
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Patience Is Key
The Terra Classic journey is more than just a price play. While the price of $LUNC remains a focal point for many, the long-term potential of the project shouldn’t be overlooked.
Supply Reduction: Every hour, the circulating supply of $LUNC decreases, which could have a meaningful impact on price dynamics in the future.
Market Observation: The LUNC/USDT pair currently shows less than 5 billion LUNC available for sale. With less than $1 million in investment, the price could theoretically rise by over 100%. However, this is speculative and should be approached cautiously.
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Current Market Overview
Price: $0.00011436 (+17.66%)
Sentiment: The market reflects cautious optimism, with holders keeping a close eye on future developments.
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Looking Ahead
This proposal’s rejection doesn’t signify the end—it’s a signal for the community to regroup, reassess, and prepare for what’s next. As the Terra Classic ecosystem evolves, the following factors will play a key role:
1. Community Response: Will the v3.3.0 update bring the expected improvements?
2. Future Proposals: What updates or initiatives will validators and developers prioritize next?
3. Patience Pays Off: The supply reduction mechanism is actively working, setting the stage for potential price movements in the long term.
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What You Can Do
1. Stay Informed: Follow Terra Classic updates to stay ahead of upcoming proposals and developments.
2. Monitor the Market: Keep an eye on $LUNC/USDT for any significant price shifts or volume changes.
3. Be Patient: The Terra Classic story is far from over, and patience could lead to substantial rewards.
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Final Thoughts
While Proposal #12149 may have been rejected, it’s clear that the Terra Classic ecosystem has a dedicated and passionate community. The road ahead requires patience, strategic planning, and consistent updates.
🚀 The wait might just be worth it!
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