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
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
Tesla likely still owns $780M in Bitcoin despite recent shuffle: Arkham Tesla likely still owns $780M in Bitcoin despite recent shuffle: Arkham
Latest News More More
2 Days Ago Argentine prosecutor seeks to freeze $110 million in proceeds tied to Libra memecoin scandal: report
2 Days Ago Mt. Gox moves over $1 billion worth of bitcoin to unmarked address: Arkham
3 Days Ago Ethereum devs activate Pectra upgrade on Sepolia testnet in last phase before mainnet rollout
3 Days Ago Binance Records $3.97B Weekly Inflows
3 Days Ago MEXC Partners With Hacken to Increase Security Standards
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open