Terra Classic Community Proposes Higher Deposit to Combat Spam

Terra Classic Community's Response to Spam

The Terra Classic community is addressing concerns over increasing spam and irrelevant proposals amid declining Luna Classic (LUNC) prices. This situation has prompted the introduction of new proposals aimed at enhancing the platform's governance and security.

Proposal to Increase Minimum Deposit

A significant proposal, labeled Proposal 11780, is under community consideration. It suggests raising the minimum deposit requirement from 1 million LUNC to 5 million LUNC. This change aims to create a more substantial barrier against spam and irrelevant proposals, ensuring only serious campaigns progress beyond the deposit phase.

Objectives of Raising Deposit Requirements

The primary objective of increasing the minimum deposit is to reduce the prevalence of scam proposals. By requiring a higher deposit, the Terra Classic community seeks to deter spammers and improve the overall quality of proposals submitted for voting. This initiative is expected to streamline the governance process and enhance decision-making within the community.

Anticipated Impact on LUNC Prices

The proposal's potential approval could influence LUNC prices. By establishing a more robust governance framework, the community anticipates a possible price increase. This expectation is based on the belief that improved governance mechanisms will attract more investors and contribute to the platform's long-term stability.

Conclusion

The Terra Classic community's proactive approach in tackling spam through Proposal 11780 highlights its commitment to maintaining a secure and efficient governance environment. By increasing the minimum deposit requirement, the community aims to ensure that only genuine and well-thought-out proposals are considered, fostering a healthier ecosystem.