TechFlow news, the Terra Classic community has voted to approve proposals 11242 and 11243 to increase the LUNC burn rate. These two proposals aim to fund the community pool by setting seigniorage rewards to zero and increasing Gas fees fivefold, thereby preventing the re-minting of Terra Classic (LUNC) tokens.
Specifically, proposal 11242 sets the seigniorage reward policy to zero, effectively preventing LUNC from being re-minted through burning. The proposal received 95.98% approval from the community. Proposal 11243 increases Gas fees by five times, with 50% of transaction fees going into the community pool for developer funding. This proposal received 90% approval and 11% opposition. Source link
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