) community on Wednesday, more than 91% of votes at the time of publication were in favor of “rebirthing” the Terra network — roughly 85 million out of 93 million, with up to 284 million votes yet to be cast. The proposal needs roughly 188 million votes in favor to pass before the window closes on May 25.
At the time of publication, the biggest validator to come out in support of the proposal is Terra infrastructure provider Orbital Command, holding 1.39% of the voting power. Major validators with more than 2% of voting power have not yet made a decision, including cross-chain stablecoin bank Orion.Money with 8.63%.called for a new chain named Terra not linked to UST, using the token LUNA.
1/ Terra governance prop #1623 to rename the existing network Terra Classic, LUNA Classic , and rebirth a new Terra blockchain & LUNA is now live.
Manipulated and rigged vote clearly!
whoa, did they straight to launch mainnet and passing the use of testnet? did they passed pressure test like deep bearish or pump bullish scenarios for their own schemes and algorithm?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Citi Says Fallout From Terra Collapse Unlikely to Hit Wider Financial System.Citi says spillovers from crypto weakness to the broader economy seem unlikely given the market's size relative to traditional asset classes and the composition of household wealth. By willcanny99 Citi willcanny99 recession will do that, not to worry Citi willcanny99 I'd like to know how many people use crypto exchanges like BFX and others
Source: CoinDesk - 🏆 291. / 63 Read more »
South Korean politician calls for hearing on Terra crisisYun Chang-Hyun of South Korea's People Power Party has reportedly called for a hearing on the Terra incident after its sudden collapse. Yogita_Khatri5 Lock him up Yogita_Khatri5 well. what a surprise at vanished 40b. Yogita_Khatri5 Lol
Source: TheBlock__ - 🏆 464. / 53 Read more »
Do Kwon wants to fork the Terra blockchain as part of revival planThe fork, proposed today on a Terra discussion forum, would create a new Terra chain and the original would become 'Terra Classic.' Does anyone know how this works? Wait for Luna Gold, Luna Diamond, Luna Do Kwon's Vision Wass up...wass up...wass up...wass uuuuuuuuuuuupppp....
Source: TheBlock__ - 🏆 464. / 53 Read more »
Do Kwon proposes Terra hard fork to save ecosystemAfter a catastrophic week, stablekwon announced he will propose a plan to get the Terra community back from its ashes. If approved, a hard fork will sprout from the LUNA blockchain on May 27th. stablekwon Disastrous plan stablekwon Didn’t this happen with eth classic and the current ethereum? stablekwon Once bitten, twice moon 🚀🤣🤣
Source: Cointelegraph - 🏆 562. / 51 Read more »
Binance’s $1.6B LUNA Stash Now Worth $3000 — Do Kwon Finally Unveils Plan To Revive TerraTerra’s cataclysmic meltdown has left an unsightly mark on the portfolios of holders of its tokens. This includes the world’s largest cryptocurrency exchange by trading volume, Binance.
Source: CryptoPanicCom - 🏆 563. / 51 Read more »
Buterin: Terra should protect the smallholders, not the whalesDo $LUNA whales need a bailout? Vitalik Buterin has called on the smaller Terra investors to be reimbursed while the whales can take “personal responsibility” and cop the loss.
Source: Cointelegraph - 🏆 562. / 51 Read more »