The majority of terra community members have shown their disagreement with the fork’s proposal to revive the Luna coin.
Luna is a native token of the Terra blockchain network and UST is a stablecoin on the Terra network. Terra and UST stablecoin are integrated only to keep the price of the UST coin at $1, but in the last 10 days, the UST coin has lost its indexed value by 90% and its Luna coin has touched down.
On May 14, TerraForm Labs founder Do Kwon took to Twitter to respond to the collapse of the Terra ecosystem and said there are many suggested proposals to revive the Terra ecosystem.
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Kwon said he would choose the best proposal after reading them all :
On May 16, the founder of Terra presented his final idea to bring a bifurcation into the Terra network as the best solution to revive Luna.
On May 17, the Watcher.Guru News Twitter page informed the crypto industry that 90% of the Terra community is against the Terra founder’s Fork proposal.