- On May 27, 2022, Terra 2 will be launched as a new blockchain.
- The airdrop is open to investors holding shares in one of the seven eligible UST and LUNA baskets.
- This is likely too little too late as crypto markets are in full bear mode.
The Terra network is still being worked on behind the scenes in the hopes of reviving it. Meanwhile, the second iteration of the blockchain, as reported by CoinQuora, is set to go live on mainnet this week.
The Terra proposal to restore the collapsed ecosystem by forking the blockchain and starting again with new tokenomics has a lot of momentum and support, especially from people who lost a lot of money in UST and LUNA’s failure.
According to Terra Station data, the proposal received 65% of the vote, or roughly 200 million votes, with around 2% or 54 million abstaining and about 13% or 41 million voting nay. The votes are …