After an uncertain last week and with LUNA’s price dropping below 1 cent, Do Kwon, the founder of Terra Luna, announced a new revival plan on Twitter. A new governance proposal #1623 suggests renaming the existing network to Terra Classic, renaming LUNA to LUNA Classic, and birthing a new blockchain. The full proposal can be viewed on Terra’s official Agora forums titled Terra Ecosystem Revival Plan 2. What Is Terra Ecosystem Revival Plan 2? Published on May 16th by Do Kwon himself, the new revival plan suggests creating a new Terra chain without the algorithmic stablecoin. The old chain will
The post Terra Luna Revival Plan 2 – Renaming the Network to Terra Classic and LUNA Classic appeared first on The Merkle News.
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