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90% of the Terra community doesn’t want Luna To Fork

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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 :

5/ There are multiple proposals on Agora on the best steps for the community to follow – after reading a lot of them, I wrote what I think are the best steps: https://t.co/ pJNXATzllz

— Do Kwon 🌕 (@stablekwon) May 13 2022

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.

10/ Call to Action: We encourage Terra developers to signal their support and commit to forking on public channels as soon as possible.

— Do Kwon 🌕 (@stablekwon) May 16 2022

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.

Poll regarding the support of the Luna coin range, collected about 2036+ votes and 90% of voters are not in favor of the range. Instead, the majority of members suggested introducing a burning proposal to make Luna a deflationary piece.

Source : Agora

Poll regarding the support of the Luna coin range, collected about 2036+ votes and 90% of voters are not in favor of the range. Instead, the majority of members suggested introducing a burning proposal to make Luna a deflationary piece

Personal opinion. NFA.

It will not work.
– the fork gives no value to the new fork. This is wishful thinking.
– you cannot cancel all transactions after an old snapshot, both on-chain and off-chain (exchanges).

Where are all the BTCs that were supposed to be used as reserves? https://t.co/9pvLOTlCYf

— CZ 🔶 Binance (@cz_binance) May 14 2022

 

Translated from source site

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