LUNA
Despite the collapse of the digital currency Luna during the past few days and caused great losses for investors in this project, which was a pioneering project within the digital currency projects, which quickly collapsed with full force, and despite that there are some attempts by the founders of the project to prevent its collapse and revive it once more.
A few hours following the Terra blockchain was back in charge of the Luna cryptocurrency, Terra founder Dokwon proposed a new plan to try to fix what can be fixed, saying that protecting Terra’s ecosystem and as a first step to do is resettle ownership by redistributing cryptocurrencies and putting Maximum total width of them.
A post-mortem on everything that transpired the past week is in progress. It will be published asap.
These are tremendously difficult times for everyone affected. The feelings are still raw. Please be safe.
The strength of the #LUNAtics has been amazing. More to come.
— Terra (UST) ???? Powered by LUNA ???? (@terra_money) May 13, 2022
More specifically, the Terra founder said that the ownership of digital currencies on the network must be reprogrammed to 1 billion tokens, which will be distributed to the affected parties.
Dokwon added that keeping fair ownership of the network in the hands of the strongest believers and builders is paramount, and therefore, the new chain deserves to be community owned.
The founder of Terra added that the same percentage (40%) should also be given to UST holders, while 100 million (10%) should be given to Luna holders who kept it until the last minute of the network shutdown, and 100 million (10%) should be allocated to the Luna basin. Community pool to fund future developments.
Finally, he suggested providing reasonable incentives directed at network security, because fees would no longer suffice for security without swap fees, saying that with this system in place, Terra might be able to successfully redistribute its value in its ecosystem, simultaneously enhancing its value, and slowly contribute to The pursuit of a decentralized economy.
During Saturday’s trading, Luna’s digital currency rose by 1053 percent and recorded regarding $0.0003272, bringing its market value to $3,393,340,565, and the daily trading volume on Luna increased by $6,488,857,574 during the past twenty-four hours.
