Almost all of us know that Founder Do kwon shared with us a new plan out of yesterday's plan.
Photo source:
https://chaindebrief.com/terras-founder-do-kwon-bets-millions-on-luna/
I am giving some information in a very short form. If something is wrong or misrepresented, look at it with an apologetic look.
They are moving forward with plans for a new token in the new blockchain without leaving Luna extinct.
1.This new token will be named Luna.
2.The old one whose name is now Luna will become Luna Classic.
3.Old token holders will receive new token airdrops at a proportional rate.
4.One billion new Luna will come to the new blockchain.
5.UST holders will not be excluded from this airdrobe.
6.Everyone from the developer team will get this airdrobe at a proportional rate as per the plan.
7.New tokens will be added to the market gradually over a period of 1 year and in some cases up to 4 years.
8.The design of the new blockchain will not be the same as the current Luna algorithmic linkup with their stable coins in the current blockchain (responsible for the catastrophe).
9.They have said that the Luna held by themselves or in their wallet will be removed. As a result (Lunc) Luna Classic will become 100% Community Owned Chain. This means that this (Lunc) Luna Classic will no longer be owned by the Luna Foundation.
10."Luna is more than & UST" is stated in today's new proposal. Yesterday's tune was a little different.
I am presenting to you in the form of paragraphs that the subsequent events are no longer numbered.
It is mentioned here that according to their roadmap they have proposed to give 4% to someone and 35% to someone else. In this way, they have announced to give 1% for emergency fund only in one place and the rest will be given to almost all airdrobe providers for 1 year. For Cliff and some teams have been talking about Vsating for 2 years and some teams have been talking about Vasting for 4 years.
Let's try to understand what is meant by this Cliff and Vasting here.
Cliff for 1 year means that those who get airdrobe will be allocated for 1 year but, that is, you will know how many you got as but it will be Cliff. This means it will be tied up, you will only get information, it will not come in your wallet. And Vasting for 2/3 or 4 years means that after this token cliff time has passed, some people will get 2 years time step by step, some people will get token allocation step by step for 4 years time.
It is still in the form of a proposal, after the vote, they have said they will finalize it step by step this month.
There is a lot to be said here. What will be the role of big exchanges is a matter of concern.
Funds are almost empty, and it is difficult to accelerate without new funding.
All in all the situation is certainly complicated. And so everyone should wait until they are a little more stable.
