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According to Clay, the host of the ClayBro YouTube investment channel, passing the Terra Classic Infrastructure Proposal could hurt the growth of the Terra Classic community. Clay believes the crypto industry’s current situation is not ideal for uncalculated spending. He thinks the Terra Classic community needs to budget and work with people willing to sacrifice for the project.
Clay highlighted LUNC’s newly-found bullish momentum amid a new proposal from the project’s community, the Terra Classic Infrastructure Proposal. According to Clay, this proposal, with the numerical identity 11820, is a community pool spending proposal by Allnodes, remarkable for its contributions to the growth of the Terra Classic community.
According to reports, the recent proposal is crucial and could shape the future of the Terra Classic ecosystem. The proposal revolves around the governance of validators’ commissions and the infrastructure support offered by Allnodes. If passed, the proposal would enable a v2.2.2 soft fork that could redefine the minimum commission validators receive.
The proposal 11820 also serves to rectify an unintentional setting of a 0% commission rate following a mainnet upgrade. Voting for the proposal is ongoing, and will continue until October 3, 2023.
Clay thinks passing this proposal could create a domino effect, with other community contributors demanding compensation for their efforts. That includes YouTube content creators, people who make regular posts on X (formerly Twitter) about Terra Classic, and all other participants contributing to the community’s growth.
The YouTube presenter explained that voting ‘YES’ means to support the funding of Allnodes with an optional monthly payment of 150 million LUNC, equivalent to about $10,000. Clay thinks passing this proposal could encourage other service providers to initiate similar proposals that would drain the community pool by the end of 2023.