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Terra Rebuild Proposal 1623 Gains Over 50% Support

The Terra Builder Alliance previously released Terra Rebuild Proposal 1623, which proposes to rename the existing Terra network to Terra Classic and rebuild the new chain Terra without an algorithmic stablecoin. The proposal has now received 65.78% approval, 21.49% abstentions and 0.35% opposition. The turnout passes the 50% voting threshold, meaning the vote has passed.
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