See full proposal here: https://commonwealth.im/terra-classic/discussion/13261-enabling-coininn-offchain-burns?tab=0 SUMMARY: This proposal aims to fulfil the on-chain end of the CoinInn Off-chain Burns deal by whitelisting CoinInn’s central exchange wallet as well as internal wallets (if applicable). This will ensure the facilition of tax-free transactions for on-chain wallets to CoinInn exchange and free movement of funds between CoinInn's exchange wallets. In return, CoinInn will implement the 0.5% off-chain burn tax on sell transactions on LUNC as well as USTC. This proposal, extending from the previously submitted Global LUNC Burn Initiative, is being presented with an initial focus on Coininn while remaining committed to the objectives outlined in the Global LUNC Burn Initiative: For more details about the Global LUNC Burn Initiative , see the link below: https://commonwealth.im/terra-classic/discussion/12489-global-lunc-burn-initiative NOTE: This proposal will not reduce, increase, nor add any additional taxes. We have opted for a phased approach in the implementation of the Global LUNC Burn Initiative, as we firmly believe that segmenting the adoption plan into distinct phases amplifies the probability of achieving widespread adoption, particularly once the positive impacts of its implementation have been demonstrated. Hence, we will focus on the adoption of this off-chain tax one exchange at a time, starting with CoinInn. Please read the full proposal on CW for more details if you are not yet familiar with this initiative. Thank you for your consideration.
Submitted
30 Sept 2023, 12:13:12 UTC
Vote closed
07 Oct 2023, 12:13:12 UTC
Delivery proof needed
The vote records approval, but manual deliverables still need independent evidence.
Current or final voting power, calculated from the on-chain tally.
Quorum
Reached
Objective network measurements at vote close plus 7, 30, and 90 days. Missing history is shown honestly, never backfilled with estimates.
Manual success criteria required
This proposal does not map cleanly to a chain-wide metric. Delivery evidence must come from its stated milestones.
/cosmos.gov.v1.MsgExecLegacyContent/cosmos.gov.v1beta1.TextProposal56.56% participating
Approval
Passing
99.98% decisive Yes
Veto
Below threshold
0.00% of participation
What this message can change—not a prediction of price.