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Ed Kim Introduces Signal Proposals To Bring Back Binance LUNC Burns

In a tweet yesterday, Terra Classic core developer Edward Kim introduced three signal proposals to the community from the Joint L1 Task Force.

According to Kim, these proposals are for “optional” features that developers could include in the Terra Classic v1.1.0 release. As explained by the associate professor of computer science, a vote for these proposals does not mean they will automatically be included in the release, as there will be a final vote. The developer says a vote in favor means that the Joint L1 Taskforce should consider them for the upgrade that will, regardless, include security updates and a patch provided by Notional Labs founder Jacob Gadikian.

Notably, the first two proposals are in response to requests made by Binance last December. The leading crypto exchange made these requests as it announced it was halting its voluntary burns of fees obtained from Terra Luna Classic (LUNC) trading. It conditioned the resumption of its LUNC burns on the community excluding its burns from token re-mints and its wallets from the on-chain tax.

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