Do Kwon Complements LFG's $BTC and $AVAX Reserve Uses in Rebuilding Terra Program

Terra founder Do Kwon adds to the Rebuild Terra program. Among other things, The LFG use $BTC and $AVAX reserves for the following: 20 % - distributed to $LUNA stakers at the time of de-peg. The heart and sole of the community that were trapped when the ship went down, suffered the most. 20% - Used to buy the new token ($LUNA 2.0) over a 1 year period, driving price action. These buys must be staked indefinitely and evenly to 20 different validators and proof of this must be shown. 20% - Used to buy Gold to back $UST. Gold is the most stable asset on earth, there is nothing better for backing. 20% - used to fund staking rewards for the revived network, creating high rewards for those that stay. 10% - To $UST, bLUNA and $LUNA holders at the time of de-peg (Separate to stakers). This will be evenly split among those holders. Condition: Users had to be holding $100worth or more in these tokens. Anyone holding a few dollars has not lost out on enough to deserve a cut. 10% - For the LFG to keep operating and for future development. This can be used to facilitate storage for the gold supply, pay developers etc.
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Do Kwon

Terra

Bitcoin

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