Conversation

Do Kwon

@stablekwon

May 16

1/ Terra is more than $UST

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Do Kwon

@stablekwon

May 16

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:

agora.terra.money

Commonwealth

Discuss, organize, and grow decentralized communities

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Do Kwon

@stablekwon

May 16

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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Do Kwon

@stablekwon

May 16

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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Do Kwon

@stablekwon

May 16

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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Do Kwon

@stablekwon

May 16

6/ The Terra chain as it currently exists should be forked into a new chain without algorithmic stablecoins called “Terra” (token Luna - $LUNA), and the old chain be called “Terra Classic” (token Luna Classic - $LUNC). Both chains will coexist.

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Do Kwon

@stablekwon

May 16

7/ New $LUNA will be airdropped to $LUNC stakers, holders, residual UST holders, and essential app developers. Also, TFL’s wallet will be removed from the airdrop, making Terra a fully community-owned chain.

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Asta

@Astaboy1919

May 16

What will be the amount of new luna tokens in the Airdrop? and will everyone get it? also how will you track the people who still holding them in exchange?

Do Kwon

@stablekwon

Replying to

@Astaboy1919

We're coordinating with the major exchanges to have the airdrop supported.

6:19 PM · May 16, 2022Twitter Web App

Replying to

48 hrs ago a major exchange was suggesting quite the opposite of what you are proposing now. Are you sure that you are in coordination? To me it seems like you're dumping $Luna together with its holders. An airdrop move won't heal anything. Maybe you should read this 👇🏻 again?

CZ (

) suggested it many times while they were busy doing the opposite and minting crazy amount of #LUNA in silence. Maybe Terra officials didn't have a role at the start of this chaos but they digged the hole deeper for sure. And their best idea is an airdrop? C'mon!

Replying to

I bought wrapped UST (0xa47c8bf37f92aBed4A126BDA807A7b7498661acD) from my Ethereum wallet before the depeg and didn’t have time to bridge it to terra. Will I get the airdrop? If so, do I have to bridge it now?

Show replies

Replying to

- I Have UST in your platform, will you support this airdrop?

Animo

Replying to

que onda?

Replying to

one of the major exchanges you’re working with get air dropped in wallet?

Replying to

If you hold Terra in Trust Wallet will you receive the airdrop?

Replying to

Can you confirm and list which major CEXs are they? I'm also inquiring my CEX about the support; what if by May 27, it turns out that my CEX does not support, what will happen to the LUNA 2.0 i entitled?