Terra CEO Do Kwon Puts Rescue Plan To Vote
Terra, which caused a collapse in the cryptocurrency market, shared its recovery plan. Do Kwon put the recovery plan to a vote for LUNA owners.
Terra CEO Do Kwon Puts Rescue Plan To Vote. Do Know shared the recovery plan it talked about earlier today with the Luna owners.
Voting on the plan, which includes forking the Terra blockchain and allocating LUNA to previous owners according to a certain distribution, started today at 14:30.
Shortly after the voting began, 23.6 million LUNA approved while 11.3 million disapproved.
The amount of LUNA required for the voting to pass was recorded as 188 million.
Do Kwon said on Twitter,
“If the proposal is approved, a final image of the Terra Classic network (old network) will be taken at block 7790000 and a new network will be born.”
According to experts, the community appeared to be largely opposed to the proposal at the time.
Source: Coinkolik