Terra Community Proposed to Re-Launch Terra and Issue New $LUNA

Terra Builders Alliance raised a new proposal called "LUNA Go Forward" in Terra community today, suggesting a re-launch of Terra and a new $LUNA token, which will be distributed in the following methods: 40% to $LUNA stakers at the time of the $UST depeg attack initiation (May 9th, 15:00 UTC), 40% to $UST holders at the time of the new network launch, 10% to marginal $LUNA holders between the attack and the halt, and 10% to ecosystem developers. Previously, the Terra blockchain was halted at block height 7607789.
Source

Terra

DeFi

In This Article

Related News
Term Finance recovers $1 million of $1.6 million loss to oracle configuration error Term Finance recovers $1 million of $1.6 million loss to oracle configuration error
Wildcat, the decentralized credit platform built by Crypto Twitter mainstay Laurence Day, launches new version on Ethereum Wildcat, the decentralized credit platform built by Crypto Twitter mainstay Laurence Day, launches new version on Ethereum
Bernstein names Robinhood as top 'crypto deregulation trade,' raises price target to $51 Bernstein names Robinhood as top 'crypto deregulation trade,' raises price target to $51
Avalanche buys back $53M of AVAX tokens from Terra’s LFG Avalanche buys back $53M of AVAX tokens from Terra’s LFG
Radiant Capital hacker moves $52M in stolen funds Radiant Capital hacker moves $52M in stolen funds
Latest News More More
Daily Market Wrap | Aug. 20
22 Hours Ago Daily Market Wrap | Aug. 19
1 Day Ago Daily Market Wrap | Aug. 18
4 Days Ago Daily Market Wrap | Aug. 15
5 Days Ago Daily Market Wrap | Aug. 14
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open