Do Kwon Puts His Plan To Rescue Terra To Vote

Do Kwon put his plan to save Terra to a vote among LUNA owners.

Terraform Labs CEO Do Kwon launched a vote today on his plan to save Terra. As we reported earlier, the CEO’s plan included forking the Terra blockchain and allocating LUNA to previous owners according to a certain distribution.

Voting started today, with 23.6 million LUNA upvoted 11.3 million against one hour after it started. The amount of LUNA required for the vote to pass is 188 million. In a statement on the subject on Twitter, Kwon used the following statements:

“If the proposal is successful, a final image of the Terra Classic network (old network) will be taken at block 7790000 and a new network will be born.”

Despite the ongoing results, the community appears to be largely against the proposal, according to comments and votes in preliminary polls on the Terra forum.

If you are having problems with your exchange, you can click here and buy safely by registering! Plus, you pay a lower commission fee!

You May Be Interested

What is Deflation?

The topic of this article is What is Deflation? We will give you information about this subject.Deflation is the general decline in the price...

What is GameFi?

Related articles


Please enter your comment!
Please enter your name here