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WebsCrypto—News—Altcoin News—Do Kwon Proposes to Rebuild the Terra Ecosystem and Issue a Total of 1 Billion New Luna Tokens
Altcoin News

Do Kwon Proposes to Rebuild the Terra Ecosystem and Issue a Total of 1 Billion New Luna Tokens

By WebsCryptoMay 14, 2022
Do Kwon Proposes to Rebuild the Terra Ecosystem and Issue a Total of 1 Billion New Luna Tokens
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Terra founder Do Kwon released a plan to rebuild the Terra ecosystem on the Terra forum, and proposed to issue 1 billion new LUNA coins.

Of the 1 billion coins, 400 million are allocated to LUNA holders immediately before UST de-anchored, 400 million to UST holders, 100 million to LUNA holders when the original Terra chain stopped, and 100 million reserved for future ecosystems Prepare for development.

With the exception of the third tranche of 100 million, the other three tranches will all be staked when the network restarts. The annual inflation rate for new LUNAs in the future can be set at 7%. The proposal is currently under community discussion.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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