1/ Terra is more than $UST
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2/ It has been inspiring to partake in the dynamic discourse regarding the best next steps for Terra. Taking feedback from the community and thoughtful proposals, I would like to suggest the following for the path forward.
agora.terra.money/t/terra-ecosys
A thread on our reasoning:
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3/ Currently, these key precepts underpin most schools of thought:
- The #LUNAtic community is unparalleled in its passion
- The builder talent pool is broader and deeper on Terra than most ecosystems
- Terra’s blockchain is incredibly robust, as attested to by recent events
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4/ At the same time however, competing interests from varied stakeholders (e.g.,$LUNA holders, $UST holders, Terra builders, etc.) make it extremely difficult and unlikely to achieve consensus on a cohesive, congruent plan.
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5/ It would be devastating for broader crypto adoption and advancement if we remain in entropy amidst opposing views, and as such I propose the following to chart the path forward for our ecosystem.
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8/ We believe this token distribution, in addition to best efforts by LFG to make $UST holders whole, best solves for the varying interests and time preferences for each stakeholder group, and most important, creates the most viable path to revive the Terra ecosystem.
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9/ Terra 2.0 is focused on developers - developers will get an immediate emergency allocation of Luna tokens to fund runway, as well as a pool of tokens earmarked to align the interests of the base layer with its builders.
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10/ Call to action: we encourage Terra developers to signal support & commit to build on the fork on public channels ASAP.
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11/ TFL will be initiating a governance proposal for the network fork in the next few hours - if the proposal passes, then it will coordinate the fork with validators next Friday 05/27.
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12/ The Terra community is my family.
I will always be here, no matter how hard it gets.
Let's build it back up again - together.
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we need a massive burning plan, not another token, almost all wanna support and we are ready to send $luna to the moon again
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We need old token of luna to be up not new it will be unfair for Holders who tried to save luna
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A fork is a fork you take the coin like it is now to divide it by two coin, so luna like it is now and luna alt the new coin. Like any fork you find on the crypto road
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One bad idea will not fix another. You’re only addressing old holders and not the new holders. Solution.. Charge a buy and sale tax of 8% and use it to pay back old holders and a buy back and burn of supply. This is your opportunity to keep new and old investors.
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Is TFL a thing? Didn't you dissolve it's corporate structure just before one of the largest liquidation events in the history of modern finance?
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this is for korea they are st singapore
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Not best idea to have a new coin ! Reducing supply via burn and the community will stand by your side! #lunaterra #lunacoin #LUNAtics
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Come on, even said fork idea is stupid and dishonest. People lost their savings and committing suicide. No one will trust new coin. Do it right, buy and burn Luna & forget about UST but compensate holders. It’s only way to rescue the project and regain peoples trust.
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You lost 124k and want “a few nft’s” with a value of 5 or 10 bucks as a compensation? You think he has nothing better to do at this time ? 😅
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