Terra LUNA Revival Plan

The Terra LUNA has fallen nearly 100% in a few days as UST, the stable coin-back, slipped from a $1 Peg. The millions of dollars swipe out in a few days. But the founder of Terra LUNA is planning to revive the token, which is a piece of good news for Terra holders or investors. The Terra co-creator Do Kwon emerged on social media platforms to propose an Ecosystem Revival plan for the network. He says that UST is not coming back- and terra blockchain must redistribute tokens to move forward.

The holder of LUNA has been liquidated and diluted so that we lack the ecos6 to build back up from the ashes, written Kwon, on the Terra research forum.
While a decentralized economy needed decentralized money, UST has lost too much trust with users and investors. Then instead of building back with UST, Kwon proposed revitalizing the netw5 around the Terra blockchain network.

Terra Token Redistribution

Terra has planned to preserve the community and the developer ecosystem, Kwon proposed resetting the distribution of the network LUNA governance token to 1 billion, 40% of which would be distributed to holders before Terra UST stable coin became degged from the US dollar over the weekend.
Another 40% will go to those who hold UST at the time of the upgrade, A further 10% would go to LUNA holders when the blockchain was halted for the second time in 24 hrs after the crash. The remaining 10% would be used to pay for the future development of the network.

This is the Terra LUNA Ecosystem Revival Plan and more updates related to the plan get on the official website and social media platforms.