🌖 **Community Demands Strong Plans, Rejects Tax Proposal**
Recently, the #TerraLunaClassic community voted against Proposal 12105, which sought to increase the $LUNC burn tax. The proposal was criticized for lacking a concrete plan and rational implementation, being dismissed as a “lazy effort” for its lack of actionable measures. It received only 21.35% approval, with 32% in opposition and 38% voting “No with a veto,” signaling a strong desire to block its passage.
This rejection underscores the community’s demand for well-considered strategies over quick fixes. The community's approach to governance clearly favors proposals that provide clear, actionable solutions instead of temporary measures.
Following the vote, Terra Luna’s native token, $LUNA , experienced a price increase of 1.68%, trading at $0.6547. However, the 24-hour trading volume fell by 24.35%, hinting at a potential continuation of the current bearish trend. This change in market dynamics suggests that the community's decision positively influenced the token's price.