Do Kwon, the founder of Terra, said the blockchain is collecting data from key exchanges in preparation for the LUNA airdrop.
The procedure is taking “some time,” according to Kwon, due to the enormous volume of data to be collected. Terra is taking this step after a majority of LUNA holders voted in support of a hard fork and the creation of a new blockchain.
According to the current result, 61.7 percent of 230.9 million votes were cast in favour of the hard fork. The deadline for voting is May 25.
LUNA Airdrop plans:
The community pool of LUNA holders will receive 30% of the new LUNA supply under the hard fork proposal. Holders who purchased before the crash will earn 35%, while those who purchased after the crash would receive 10%.
Prior to the crash, UST holders on Anchor will receive 10% of the supply, while those who become holders after the crash will receive 15%.
The UST stablecoin will be completely removed from the new chain. Given that UST’s failure was the cause of the catastrophe, the majority of community members have backed this move.
Other blockchains hesitant over Terra’s future?
While Terra’s validators and community appear to support the plan, other blockchains with which Terra was once affiliated have expressed reservations about its future.
Exchange of stablecoins Curve just decided to drop their support for UST completely. Its citizens have also expressed opposition to the new Terra.
Lido will also hold a community vote on whether or not to support the new Terra. While Lido on the old Terra was a huge success, the crash cost Terra a lot of goodwill.
Do you think LUNA Airdrop will bring back the glory days of Terra? Comment below.
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