A divisive governance proposal on the Terra Luna Classic blockchain is nearing approval, revealing a split in the project’s community.
Proposal #12033 would require verified identities for developers working on LUNC, aiming to limit risks like anonymous developers shorting the token. Supporters argue it reduces hazards, but critics say it could deter talented developers and hurt decentralization.
Major validators are divided, with some offering payments for ‘yes’ voters to switch their votes before the February 8 deadline. Despite the backlash, the proposal is close to reaching the threshold for approval.
The intense debate has increased engagement, with LUNC prices spiking 2.5% ahead of the vote. Though the verification proposal aims to protect LUNC, the community split shows core disagreements on the blockchain’s direction remain. The final vote could be a game-changer for the embattled project.
