The proposal achieved an outstanding approval rate of 99.98% on June 3, 2024, reflecting strong backing from the Terra Luna Classic community. A significant vote count of 84.2 billion votes was cast, emphasizing the community's endorsement of the proposal. This widespread approval signifies a pivotal moment for Terra Luna Classic, signaling the assignment of 256,410,256 LUNC for development initiatives aimed at fostering ecosystem innovation and sustainability.

Community Support and Impact

The substantial voter turnout, represented by 84.2 billion votes, illustrates the community's deep interest and confidence in Genuine Labs' strategic roadmap for the platform. The consensus on the proposal indicates optimism about the network's potential for advancement. Community support reflects a belief in the platform's future growth and openness to exploring avenues for development through enriching the ecosystem with new features.

In contrast, the rejection of Proposal 12105, which sought to raise the LUNC burn tax, by the Terra Luna Classic community reveals divergent views within the community. Concerns were raised about the proposal's coherence and practicality, accentuating the need for a well-defined implementation plan.

The proposal failed to secure approval, with a mere 21.35% in favor, while 32% opposed it, and 38% voted 'No with a veto' to prevent its progression.

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