The Terra Luna Classic Community Votes on Proposal 12149: Tax Rate Hike Incoming?
The Terra Luna Classic ($LUNC ) community is actively voting on Proposal 12149, titled “Set On-Chain Tax Rate to 1.5%,” via the Station wallet. This proposal seeks to raise the on-chain tax rate from 0.5% to 1.5%, keeping it unchanged until the total supply reaches 10 billion $LUNC.
Current LUNC Price:
LUNC: 0.00010906 (-1.13%)
The proposal follows the successful implementation of the v.3.3.0 LUNC network upgrade, which improved tax handling and made it easier for developers and dApps to work on the Terra Luna Classic network.
Key Points of Proposal 12149:
1. Current Tax Structure:
80% of the burn tax goes toward LUNC burns.
20% is split equally between the Community Pool (10%) and the Oracle Pool (10%).
2. Impact of 1.5% Tax Rate:
Increases the burn tax to 1.2% (up from 0.4%).
Boosts contributions to the Community Pool and Oracle Pool by threefold.
Community Voting Update:
Yes Votes: 43.24%
No Votes: 16.01%
No with Veto: 40.74%
The community remains divided. Some validators argue that this change could hinder builders and Layer 2 projects. One validator commented,
> “Please do not sabotage builders & L2 projects. Veto because the 30th attempt is one too much.”
How will this decision shape the future of Terra Luna Classic? Share your thoughts below!
