- Proposition 11947 receives 79% of votes in favor, with 35 validators supporting, indicating strong community support.
- The need for an official forum arises because of deficiencies in the third-party forum, including racism and harassment.
The Terra Luna Classic community has taken an important step in its evolution. They have approved the proposal for a community platform called Commonwealth, despite opposition from some members. This move seeks to move away from the current Commonwealth forum, managed by third parties, to ensure impartial moderation and guarantee consistency by creating an official forum.
Proposal 11947, entitled “Create Official Commonwealth Community Platform,” received overwhelming support from the community. It exceeded the threshold required for passage, garnering 79% of votes in favor. In addition, it registered an 11% “No” vote, 1% “No with veto” and 10% abstentions.
Of the 60 validators who participated in the governance vote, 35 voted in favor of the proposal. Four voted against and two exercised their right to veto. Leading validators such as Allnodes, Interstallar Lounge, HappyCattyCrypto, TerraCVita, StakeBin, among others, supported the proposal.
The proposal comes in response to numerous deficiencies observed on the third-party platform, including serious cases of racism, doxxing and harassment, as well as poor moderation. This is evidence of the urgent need to improve this aspect of the community.
However, the Terra Luna Classic ecosystem faces challenges
Tokens are under selling pressure, gradually losing the gains made after the Binance-driven rally in LUNC and USTC prices in early December. An upward push in the broader crypto market may be needed to recover LUNC and USTC prices.
The price of LUNC has fallen 4% in the last 24 hours, currently trading at $0.000148. Trading volume has increased 18% over the same period. On the other hand, the price of USTC is also down 4%, trading at $0.0335.
This situation demonstrates the volatility and challenges facing the Terra Luna Classic ecosystem. The approval of the Commonwealth platform is a step forward in strengthening community governance and transparency. However, the community remains in a challenging crypto market, where price recovery and stability are critical.
The Terra Luna Classic community is taking decisive steps to improve its internal structure and respond to moderation and governance issues. Meanwhile, the performance of its tokens in the market continues to be a topic of interest and concern.
The evolution of this ecosystem will be crucial in the coming months, especially in a crypto market that continues to show signs of uncertainty. We will be watching to see how these changes unfold and their impact on the value and perception of Terra Luna Classic in the cryptocurrency world.
