Can a terra rebirth” save investors?

Can a terra rebirth” save investors?

The latest proposal to revive the unfortunate Terra ecosystem is on the way to being approved by the Terra community. Although the vote lasts five days, it has reached a passed threshold after just two days, so that a dramatic reversal (the voters can change their opinion during the voting period), a new terrace network will be formed on May 27th.

The changed "revival plan" was posted by Do Kwon, the founder of Terraform Labs, in the Terra Governance Forum. It calls for the renaming of the existing Terra network to Terra Classic (with its native token Luna Classic (Lunc). New Luna is to be released to Luna Classic-Stakers, Luna Classic owner, VAT holder and a squad of Terra ecosystem developers. Block explorer, payment apps, wallets, credit markets, bridges and stable coins concentrate-but not on the algorithmic VAT stable.

In addition to an assignment of 30 % to an "community pool", 35 % of Luna owners go to Luna owners before the Depegging of VAT on May 7, 2022-which is called "before attack"-and 10 % on "after the attack". Attack “Luna with a statement of May 27, 2022. Another 10 % will go to anchor-oste inlet at the time of the depegging, while 15 % will go to VAT holder from May 27th.

In particular, Terraform Labs will exclude its own luna and VAT stocks from the snapshot- the goal is that the new network is fully operated by the community. They also limit the exposure that qualifies for the new token to prefer a larger number of community participants instead of whales.

About half of the delegate Luna has so far participated in the vote, with 79 % voted.

Source: Terra.geld

investors examine the damage

Risk capital fund with great commitment in Terra have started to publicly discuss their own losses. These consist mainly of luna tokens, which are traded near 0.0001 dollars per token on Saturday, compared to a high of April 5, 2022 of $ 119.

Galaxy Digital has not disclosed its losses from luna stocks, but posted a realized net profit from digital assets of $ 356 million $ The first of which is attributed to a large part of which is attributed to a large part of which is attributed to Luna sales.

Galaxy CEO and founder Mike Novogratz, who had a luna tattoo stung on his arm in early January, wrote In a shareholder require ".

Delphi Digital was a frequent supporter of Terra and financed the development of DAPPs in the ecosystem. In a blog post with the title " Findings from last week, the team referred to his 10 million dollar Investification in the donation campaign of Luna Foundation Guard over the arm of Delphi Ventures as a "total loss".

"Delphi Ventures did not sell Luna during this event," says the post.
Crypto VC Hashed based in South Korea has developed far worse. The company has milled millions of from Luna token worth over 3 billion US dollars. Since the Terra network enforces an indomitable period of 21 days, it was impossible to sell these tokens, even when it became clear that a " death spiral was " inevitable.

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The Post can a terra “rebirth” save investors? is not a financial advice.