The past few weeks have been extremely tumultuous for the Terra ecosystem after the price of its native LUNA token plummeted to $0.00 as a result of the UST algorithmic stablecoin losing its peg.
The departure of the three lawyers from the beleaguered company comes at a time when its co-founder, Do Kwon, has made several proposals in a bid to revive the fallen blockchain.with “Terra Ecosystem Revival Plan 2,” which involves forking LUNA. The old one will be called “LUNA Classic” , and a new version of the coin re-dubbed LUNA.
The Terra community has to decide by May 18, but many are yet to show sign of confidence in it. Binance CEO CZ asserted that the fork would not work for the ecosystem. Instead, the exec said that “reducing supply should be done via burn, not fork at an old date, and abandon everyone who tried to rescue the coin.”
Do Kwon, for one, has emerged as one of the most notorious individuals behind a crypto firm that witnessed such an abrupt fall. While the exec has
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