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Do Kwon proposes Terra revival, including token redistribution plan -Breaking


Breaking: Do Kwon proposes Terra renewal, with token redistribution plans

Do Kwon is the co-founder of Terraform Labs and has proposed a plan to protect the ecosystem in the wake of the historical depegging, UST. The resulting death spiral plunged Terra.LUNA(Tokens) to virtually zero

In a Friday post on Terra’s research forum, Kwon , “The Terra community must reconstitute the chain to preserve the community and the developer ecosystem.” His proposal, which was in response to validator groups discussing the possibility of forking the Terra chain, involves compensating UST and LUNA holders who were unable or unwilling to sell their holdings during this week’s price collapse.

LUNA’s price charts shows that crypto markets are constantly changing, with top-10 crypto trading being traded for as little as a pennies. Source: CoinMarketCap