🌖 Community Demands Strong Plans, Rejects Tax Proposal

Contrastingly, the #TerraLunaClassic community recently rejected Proposal 12105, which aimed to increase the $LUNC burn tax. The proposal was criticized for needing a concrete plan and rationality in its implementation. Critics deemed it a “lazy effort” because it was merely a text proposal without the means to effect immediate change. As a result, it only garnered 21.35% approval, with 32% outright opposition and 38% voting “No with a veto,” indicating a strong desire to prevent its passage.

This rejection highlights the community’s demand for well-thought-out strategies rather than quick fixes. The community’s discerning approach to governance is evident as they seek proposals that offer clear, actionable solutions rather than temporary measures.

Following the recent community vote, $LUNA , Terra Luna’s native token, saw a price increase of 1.68%, with its current trading price at $0.6547. However, the 24-hour #tradingvolume decreased by 24.35%, suggesting a potential continuation of the current #BEARISH📉 market trend. This shift in market dynamics indicates that the community’s decision has positively impacted the token’s price.

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