Any update on this?
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Same here, I really think thatâs a great idea. Waiting on the update.
Talking about what you said about splitting the 10% to multiple percentages to be sent to CP, Burn, Validators I agree with that too. Though I think we should further discuss percentages of the split.
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I donât agree with this crap. I do not intend to stake even 1 Lunc.
It would be the highest commission in history to make a quick undelagation.
I prefer Near, Ada or in Marinade of solana.
They have a quick undelegation based on time or no time at all
I got hacked. The 21 day period gave me enough time me to reserch how to recover my coins. Without the 21 day period, my coins would have been stolen. I do not support this proposal plus I would rather wait 21 days and do not pay 10%.
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Not delegating is your choice. But, comparing with others like Cardano & Solana? Seriously?
You mightâve not been aware that we have +1T of total supply? And, this would seriously help lower the supply.
( there are other things that are more important than burning. But, burning should be done to reduce the supply )
Also, âcrapâ ? Itâs a great idea to utilize ( itâs a no brainer )
Could have some adjustments here and there
example:
- time could be changed instead of an instant release, for those to act if they were scammed âhackedâ
- percentage change/split etc.
If you donât agree, donât reply
Thank you 
I would only agree with a maximum of 0.3% fee
What should be done is to limit the amount of tokens that a wallet can sell per day or a mechanism that prevents what happened before, but nobody has in mind to do anything about it.
Hello, Iâm currently staying on the sidelines and watching the situation develop in the Luna Classic, which is serious. I think there is still a need to discuss this proposal. I know one thing for sure. The community is currently not sufficiently united and ready for this. So I have to wait for a lot more despair. We have serious problems that we donât want to see. I will wait for the time when the Community pool is at a critically low level, I will wait for the price to drop even deeper and cause even more depression. I will simply wait for the moment when the community finally realizes that there are serious issues that need to be addressed and we may find ourselves in a situation where we have nothing left to lose. In addition, we are currently in a situation where it is not clear which developer will continue to work on the L1 layer. There will come a time when people will say - OK, but we should really start saving the Community Pool and we should really start burning massive amounts of LUNC⌠This will be the time when my proposal will be more socially acceptable than ever before.
This thread will be closed soon. Subsequently, a second proposal will be created on the Agora forum, in which we will again discuss the modified proposal. Once the second discussion is successfully completed, I am ready to start private discussions with the developers. If it turns out that the proposal is feasible, then a final Agora contribution will be created and then an official proposal on Terra Station.
I want us to talk about this in the second discussion:
INSTANT UNDELEGATE WITH 20% TAX
Distribution:
10% Burn Wallet (massive and permanent reduction of total supply)
5% Community Pool (significant support for chain development)
3% Oracle Pool (sustainability of staking rewards)
2% Instant reward for validator (compensation for validators)
Example of use:
Instant undelegate amount: 1 000 000 000 LUNC / daily:
10% = 100 000 000 LUNC for Burn Wallet / daily
5% = 50 000 000 LUNC for Community Pool / daily
3% = 30 000 000 LUNC for Oracle Pool / daily
2% = 20 000 000 LUNC for Validators / daily
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Nobody is going to use that knowing that they will lose a large amount of tokens, this greatly affects those who invest a large amount of money. It is NOT acceptable and it will be a no with a veto
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Your assumption is not based on fact. In fact, there is a very high demand for such a feature and a high willingness to pay such a high tax in certain situations. However, if such a high tax is not acceptable for you, thatâs fine and you can easily use the standard way of canceling the delegation without tax and wait 21 days. Itâs okay if you choose not to use the instant undelegation feature.
At the same time, I do not consider it correct to use âNo with vetoâ for a proposal that will be discussed 3 times on the Agora forum for a long time, updated regularly.
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suppose you have 500 thousand euros in lunc, losing 20% is not acceptable
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**then what is the problem. If he does not want to lose, he waits until the end of the time. If this feature was active right now, I would withdraw the 70 milyon token without waiting.**I think itâs a good suggestion, after recent events, many people would act like me and get serious burns. I guess the community doesnât know what they want.
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That the system would not be the same for everyone since it would mostly affect large investors. Here what is being sought is not to implement a function, rather to obtain large income to supply the community pool and the burning (which I do not agree with either) with 0.3% it would be one more function that would generate a lot traffic and that would not require more absurd proposals in the future and benefits everyone. That 0.3% should be directed to the community pool or directly to those who do staking.
Itâs debatable. Itâs a good proposition when I think about whatâs happened lately. I think it needs to be worked on and made into an offer.
Why not? Who knows there will be people who need immediate money in immediate time or at that current price and is willing to pray the premium /fine. This is normal in deposits on the banks in my country, people can lock in deposits for a year or more and earn yields, but they can also immediately cash it out but have to pay a certain penalty.
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Why not? Who knows there will be people who need immediate money in immediate time or at that current price and is willing to pray the premium /fine. This is normal in deposits on the banks in my country, people can lock in deposits for a year or more and earn yields, but they can also immediately cash it out but have to pay a certain penalty. This will net benefit everyone, especially where the extra funds will go to.
wanted to do a check on our current stand on this why arenât we voting a signal gov on this or something? @LUNCPREDATOR
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@LUNCPREDATOR any updates on the proposal?
I propose lowering the undelegation time to 14 days to match the time of other networks in the ecosystem.
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