Do Kwon shares LUNA burn address but warns ‘LUNAtics’ against using it

do-kwon-shares-luna-burn-address-but-warns-‘lunatics’-against-using-it

Upon a persistent request from the Terra community, Kwon went against his initial plan and publicly shared a burn address for LUNA on May 21. The recent Terra revival plan announced by Do Kwon, the co-founder and CEO of Terraform Labs, received mixed reactions as many questioned the effectiveness of a hard fork in reviving … Read more

Vitalik: Terra should protect the smallholders, not the whales

vitalik:-terra-should-protect-the-smallholders,-not-the-whales

Vitalik Buterin has called for relief for the average UST smallholder who got lured in by promises of high stablecoin yields by crypto influencers. Ethereum co-founder Vitalik Buterin thinks that the beleaguered Terra (LUNA) project should prioritize small hodlers as part of any proposed reimbursement plan. As widely reported, the Terra eco-system suffered a death … Read more

Binance CEO CZ to support Terra community but expects more transparency

binance-ceo-cz-to-support-terra-community-but-expects-more-transparency

Pointing out the potential issues with forking Terra, CZ said that “Minting, forking, don’t create value.” Changpeng “CZ” Zhao, the CEO of crypto exchange Binance, recently questioned the idea of hard forking the Terra blockchain as a means to revive the once-thriving LUNA and UST ecosystems. Following up on the same, CZ revealed his perspective … Read more