After the JUNO asset seizure controversy, the development team sincerely hopes that the community can vote on the proposal.

The Juno network, an intelligent contract chain in the Cosmos ecosystem, recently initiated a governance proposal due to token airdrops and whale dumping issues. The main purpose of the proposal is to forcibly confiscate assets from whales. Such controversial actions have sparked significant discussions in the community. On the 15th, the development team also put forward the idea, hoping that users can reject the passage of this proposal. Updated proposal voting results on 3/16.

Development Team Core-1 Speaks Out

"As Core-1, we sincerely hope that the JUNO community will vote against Proposal Proposal #16. The proposal's content is too hasty, and some parts fail to reflect the core principles that JUNO holders value. After a period of information sharing and consultation with the community, we hope to create a new proposal, providing more content and alternative solutions to address the airdrop controversy.

While most people support this proposal, many do not agree with the radical approach of forcibly controlling others' addresses. We will continue to engage the community on this issue and seek constructive solutions," said the Juno network development team Core-1.

After the team expressed their views, the initial proposal's approval rate of nearly 70% has gradually declined to slightly over 50%, with the opposition increasing to 23.3%. The voting is expected to end on 3/16.

Handling of Whale Assets

In addition to urging the community to reject the proposal, the development team has raised another issue. According to the content of Proposal #16, the proposers hope to transfer the collected assets to the community fund pool. However, this approach would make the community fund pool no longer straightforward, and people will associate part of the funds with this event in the future, causing trouble for future fund disbursements.

Therefore, the team has temporarily proposed several alternative solutions, including:

1. Direct destruction
2. Freezing addresses through a locking mechanism, with no staking rewards
3. Freezing addresses – detailed method to be decided later

Currently, the community generally believes that "direct destruction" is the best and simplest method. Although the second option is feasible, it still does not rationalize the handling of whale assets. The future development remains to be seen pending the outcome of tomorrow's proposal.

Voting Results as of 3/16 Update

Despite official appeals for the community to temporarily oppose the proposal and solve the problem more comprehensively, the proposal ultimately passed. There was only a 7% difference between the approval and rejection rates.

To decide how to handle the whale assets, the development teams have also proposed a new governance proposal draft Prop #17, which includes:

1. Release all current delegations of the whale
2. Immediately unlock its funds, skipping the 28-day unlocking period
3. Destroy its funds as if they had never been staked
4. Reduce the balance in the whale's address to 0

Currently, the community has expressed mostly supportive opinions on this draft, and the day when the whale assets are forcibly collected seems imminent. Additionally, this event has brought considerable attention to the Juno network, with various community and user metrics on the rise.