# Genuine Labs's Community Spend Proposal On behalf of Genuine Labs, I'm submitting this proposal for the work we have undertaken over the past four weeks. Our focus has been on implementing end-to-end (E2E) tests, interchain tests, and addressing issues related to the PacketForwardMiddleware (PFM) and IBC hooks. We have maintained transparency throughout the works by providing biweekly reports on our progress. You can find detailed updates work in the following links: - [Biweekly Report 1](https://hackmd.io/@I6jxy3DTTEeZcmtjEz1kLw/SJ-bxebtp) - [Biweekly Report 2](https://hackmd.io/@I6jxy3DTTEeZcmtjEz1kLw/By2vxd756) The cost of these works, as referred to in [11940](https://ping.pub/terra-luna/gov/11940), is $16,000 (to be paid in LUNC from the community pool at the current exchange rate: 160,000,000 LUNC) Current market price of LUNC at the time of this proposal: $0.0001/LUNC *Vote Options:* Vote **Yes** if you are satisfied with our efforts and agree to fund Genuine Labs. Vote **No** if you are not satisfied with our work and disagree with funding us on LUNC. Vote **No With Veto** if you see this proposal as spam or harmful to the chain. Vote **Abstain** if you simply want to contribute to the quorum.
Submitted
30 Jan 2024, 17:14:02 UTC
Vote closed
06 Feb 2024, 17:56:23 UTC
On-chain action accepted
The passed proposal contains a protocol-executable message rather than a text-only mandate.
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.
Community pool
Preferred signal: context
7 days
A close-enough baseline and endpoint sample were not both available.
30 days
A close-enough baseline and endpoint sample were not both available.
90 days
A close-enough baseline and endpoint sample were not both available.
/cosmos.gov.v1.MsgExecLegacyContent/cosmos.distribution.v1beta1.CommunityPoolSpendProposal81.91% participating
Approval
Passing
99.86% decisive Yes
Veto
Below threshold
0.01% of participation
What this message can change—not a prediction of price.
160,000,000 LUNC
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