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Can a terra rebirth” save investors?
New luna tokens are reported to the owners of Luna and VAT, the VC company Hashed is in a 3.5 billion dollar hole, but the new plan supports the recent 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 new terrace network can be formed on a dramatic reversal (the voters can change their opinion during the voting period). The amended “resuscitation plan” was posted by Do Kwon, the founder of Terraform Labs, in the Terra Governance Forum. It ...
Can a terra rebirth” save investors?
- New luna tokens are distributed to the owner of Luna and VAT According to reports, the VC company Hashed is in a 3.5 billion dollar hole, but is supported by the new plan
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