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Terra Classic Community Considers 5x Imcrease In Gas Fees

The proposal aims to increase funds sent to the community pool to fund development.

The Terra Classic community has begun voting on Proposal 11243, which seeks to increase LUNC gas fees by up to five times. The proposal is the second part of a more significant proposition created three days ago, which suggested that the community deprecate the Seigniorage Reward Policy, thereby stopping the reminting of 10% of already-burned tokens.

(By Ammara)

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