Breaking: Ticket Kwon proposes Terra revival, including token redistribution thought

Terraform Labs co-founder Ticket Kwon has tabled a proposal to preserve the Terra ecosystem following the historical depegging of its algorithmic stablecoin, UST, and the following death spiral that plunged Terra (LUNA) tokens to practically zero.

In a Friday post on Terra’s analysis discussion board, Kwon acknowledged, “The Terra community must reconstitute the chain to preserve the community and the developer ecosystem.” His proposal, which became as soon as essentially based fully on validator teams discussing the exchange of forking the Terra chain, entails compensating UST and LUNA holders who had been unable or unwilling to promote their holdings for the duration of this week’s brand give method.

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