Proposal: This proposal aims to secure an official organization to be in charge of hosting the endpoint providing the correct circulating supply data for Luna Classic. In addition, it aims to get a consensus about the method of calculating the circulating supply. We propose that Allnodes is appointed to the role providing the endpoint through a governance vote. Problem: Luna Classic does not have a named individual or organization to operate as an provider of circulating supply data for the chain. This leaves open the possibility of individuals making changes to the calculation (e.g. removing wallets from the calculation) that could be harmful to the chain, without any discussion with developers, validators, or community members. Solution: We propose that Luna Classic appoint an official source for the circulating supply as voted on by governance. We believe this to be Allnodes. To accomplish this, we would ask that Allnodes updates to the latest FCD version that implements the following calculation of circulating supply: Circulating Supply = Total Supply – unvested Tokens – Community Pool Holdings – Staked and bonded tokens This will mean that any third party website could use Allnodes FCD API as the official information source for Terra Classic circulating supply of LUNC, USTC and other native tokens. The calculation of the circulating supply inside the FCD must not be changed without a governance vote. An approval of an official source via governance ensures that all data comes from an agreed upon and trusted source. It also reduces the risk of individuals changing the reported circulating supply or total supply, without appropriate discussion and input. This proposal identified the official circulating supply source as Allnodes. • Allnodes has agreed to this task, provided they are appointed to the role via a governance vote. • Should this proposal pass, the adjusted FDC for the Luna Classic chain will be run by Allnodes, ensuring the correct circulating supply of LUNC and USTC. Historical situation: For completeness, we want to provide the historical calculation done in the FCD until now. This calculation has handled LUNC different from all other native tokens. Former calculation for LUNC: Circulating Supply = Total Supply – unvested tokens – Community Pool Holdings – configured bank accounts Former calculation for USTC and other native tokens: Circulating Supply = Total Supply – unvested tokens The proposed calculation will deduct staked tokens (bonded only) from the circulating supply as well as unifying the handling of Community Pool funds. If Allnodes want to reject this then I kindly ask them to vote NO on this proposal. I (DNC) believe that this is of a nature that the community would want the proposal put up for vote straight away, again if this is not the case then please vote No. Cast Your Vote: • Yes, I agree • Abstain • No • No With Veto Signed By @Lunanauts @DNCLunc @PinkUnicorn @NuengHandsome
Submitted
12 May 2024, 22:05:13 UTC
Vote closed
19 May 2024, 22:07:42 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.TextProposal62.55% participating
Approval
Passing
79.55% decisive Yes
Veto
Below threshold
11.99% of participation
What this message can change—not a prediction of price.