Terra Classic contemplates deposit hike to curb spam proposals By Cointelegraph

The Terra Classic community is voting on multiple proposals, with concerns raised about an uptick in spam following a decline in Luna Classic (LUNC) prices. A new proposal seeks to raise the minimum deposit requirement from 1 million LUNC to 5 million LUNC, with expectations of a potential price increase ahead of the upgrade.

Proposal 11780, called the “Initiative to Address Spam Proposals by Raising Minimum Deposit to 5M LUNC,” is under consideration. Its objective is to elevate the minimum deposit requirement from 1 million LUNC to 5 million LUNC, creating a higher barrier for scam proposals to advance beyond the deposit phase. This measure is intended to counteract the influx of spam and irrelevant proposals submitted for voting within the Terra Classic community.