Forwarded from Newsmaker
#LUNA #fork
Terraform Labs will put this proposal up for a governance vote on 5/18 Asia time. If passed, it will coordinate the network fork pursuant to the “Timeline” below.
Special thanks to everyone that submitted great ideas on Agora and the “Rebuilding Terra” group.
Summary
• Fork the Terra chain into a new chain without the algorithmic stablecoin. The old chain to be called Terra Classic (token Luna Classic - LUNC), and the new chain to be called Terra (token Luna - LUNA)
• Luna to be airdropped across Luna Classic stakers, Luna Classic holders, residual UST holders, and essential app developers of Terra Classic.
• TFL’s wallet (terra1dp0taj85ruc299rkdvzp4z5pfg6z6swaed74e6) will be removed in the whitelist for the airdrop, making Terra a fully community owned chain
• Allocate a large portion of the token distribution in 1) providing emergency runway for existing Terra dapp developers 2) align interest of devs with the long term success of the ecosystem
• Network security to be incentivized with token inflation. Target staking rewards of 7% p.a.
https://agora.terra.money/t/terra-ecosystem-revival-plan-2/18498
||
#LUNA.Kwon
1/ Terra is more than $UST
https://twitter.com/stablekwon/status/1526258273820651520
——
🪆Перевод
Terraform Labs will put this proposal up for a governance vote on 5/18 Asia time. If passed, it will coordinate the network fork pursuant to the “Timeline” below.
Special thanks to everyone that submitted great ideas on Agora and the “Rebuilding Terra” group.
Summary
• Fork the Terra chain into a new chain without the algorithmic stablecoin. The old chain to be called Terra Classic (token Luna Classic - LUNC), and the new chain to be called Terra (token Luna - LUNA)
• Luna to be airdropped across Luna Classic stakers, Luna Classic holders, residual UST holders, and essential app developers of Terra Classic.
• TFL’s wallet (terra1dp0taj85ruc299rkdvzp4z5pfg6z6swaed74e6) will be removed in the whitelist for the airdrop, making Terra a fully community owned chain
• Allocate a large portion of the token distribution in 1) providing emergency runway for existing Terra dapp developers 2) align interest of devs with the long term success of the ecosystem
• Network security to be incentivized with token inflation. Target staking rewards of 7% p.a.
https://agora.terra.money/t/terra-ecosystem-revival-plan-2/18498
||
#LUNA.Kwon
1/ Terra is more than $UST
https://twitter.com/stablekwon/status/1526258273820651520
——
🪆Перевод
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