Do Kwon’s Plan for New Terra Blockchain Becomes ‘Final’ - Aliens: AI Crypto News & Markets Updates
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Do Kwon’s Plan for New Terra Blockchain Becomes ‘Final’

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Cryptonews

Wed, May 18, 2022

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By creating a new blockchain with its own native token, Do Kwon’s revival plan would airdrop the new token to holders and stakers of LUNA on the old chain, as well as what he called “residual UST holders” and “essential app developers.” According to the plan, the old Terra blockchain would continue to exist as the “Classic” chain, with the current LUNA termed as luna classic (LUNC) token.

____ Learn more: - Do Kwon's New Terra Revival Plan Fights for Support as Trust Challenge Remains - Vitalik Buterin & Binance CEO Chime In as Do Kwon Proposes Another Terra 'Revival' Plan - After Terra's Collapse, Cryptoverse Reflects on ‘Ponzi-like Assets’, Role of VCs, and 'Ignorant' Crypto People - Luna Foundation Says Nearly Entire Bitcoin Stack Spent, Promises Compensation to UST Users - Terra's Do Kwon Liquidated the South Korean Arm of Terraform Before LUNA & UST Crisis - South Korean Financial Regulators Begin Terra Probes, Politician Calls for Kwon to Face Parliamentary Hearing

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