Revival Plan: New Proposal, Hard Fork Vote Happening Tomorrow
On my last post Do Kwon May Have A Revival Plan For LUNA But Vitalik Buterin and CZ Not Sure About It I wrote about how Do Kwon has a plan to save the Terra Luna and he believes all hope is not lost yet for the coin and I talked about even if he could save it, can he also restore the trust of crypto investors for the coin.
The proposal he first made was resetting the network ownership to 1 billion tokens and the plan was:
distributing the 1 billion tokens into 40 per cent to UST holders in equal portions, 40% to LUNA holders before the de-pegging began, 10 per cent to the community pool, and 10 per cent to the LUNA holders at the final moment before the chain got suspended.
However, he has updated the proposal and the new one and seems he’s going with forking the blockchain he likely suggested too. He said when the forking is done, the old Terra that experienced the tragedy will be known as Terra Classic with also its own LUNA Classic token and the new will bear or continue as the Terra LUNA. This kind of remind me of Ethereum when it had a similar experience and that’s why we have the Ethereum Classic and Ethereum itself.
Also, there’s a new way of distributing the 1 billion token not the initial way has he stated previously, it’s now 25% to UST holders during the launch, 35% to all bonded and unbounded LUNA not including TFL, 25% to the community pool, 10% to LUNA holders also during the launch, 4% to the essential developers that developed it and lastly 1% to the essential developers as emergency allocation.
This distribution according to the new proposal airdrop will only take place on the 27th of May and it’s according to the “Launch" snapshot. Many believe that the proposal changed after CZ the CEO of Binance criticised the initial proposal. The vote for hard forking the blockchain will, however, commence tomorrow May 18, 2022, in Asia and that’s when the future of LUNA will be decided. Now let’s anticipate to see what the outcome will be.
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5 years this has been happening to me, it started here, around people that are still here. Homeland security has done nothing at all, they are not here to protect us. Dont we pay them to stop shit like this? The NSA, CIA, FBI, Police and our Government has done nothing. Just like they did with the Havana Syndrome, nothing. Patriot Act my ass. The American government is completely incompetent. The NSA should be taken over by the military and contained Immediately for investigation. I bet we can get to the sources of V2K and RNM then. https://peakd.com/gangstalking/@acousticpulses/electronic-terrorism-and-gaslighting--if-you-downvote-this-post-you-are-part-of-the-problem