.stablekwon has acknowledged the collapse of Terra is a recent blog post
published on a Terra-related forum, Do Kwon has laid out his plan to revive the embattled blockchain.
Kwon wants to give the embattled blockchain another go by distributing network ownership to the holders of LUNA and UST. Forty percent of the new tokens will be distributed to Luna holders before the de-pegging event . An equal share of tokens will be distributed to UST holders pro-rata at the time of the network upgrade to make them “whole as much as possible.”
The remaining 20% will be allocated to Luna holders at the final moment of the chain halt and the community pool, which will be funding future development. Community stakeholders will be able to receive a total of one billion newly issued tokens. In such a way, Kwon wants to incentivize existing members not to completely abandon the project after the collapse.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Do Kwon pitches revival plan for Terra blockchain, with distributions to LUNA and UST holdersDo Kwon, the co-founder and CEO of Terraform Labs, pitched a revival plan proposal on Friday following the collapse of the algorithmic stablecoin UST and its related Terra-based asset, Luna.
Lire la suite »
Breaking: Do Kwon proposes Terra revival, including token redistribution planAfter two days of silence, the Terra founder has issued a new governance proposal keep the community alive and compensate token holders.
Lire la suite »
After Terra’s stablecoin implosion, battered investors ask ‘where is Do Kwon?’After Terra’s stablecoin implosion, battered investors ask ‘where is Do Kwon?’ By Quinnishvili
Lire la suite »
Do Kwon Wants Protection as Unidentified Person Visits His House: ReportDo Kwon's wife has requested the police to designate 'emergency personal protection' after an unidentified person visits their apartment.
Lire la suite »
Terra's Do Kwon 8 Days Ago: There's Entertainment in Watching Companies DieExactly eight days ago, Do Kwon said that there's entertainment in watching companies die.
Lire la suite »
LUNA hits new lows as Kwon pursues plan to restore UST pegThe price of LUNA, the native token of the Terra blockchain, has hit new lows this morning.
Lire la suite »