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Terra Community 'Overwhelmingly' Passes Proposal 1623 to Revive Floundering Project

Terra backers have put in motion a plan to revive the venture after the spectacular collapse of the project’s TerraUSD stablecoin offering. So reports CNBC.

TerraUSDUnder the proposal, a new blockchain will be built to revive the luna token, the project’s other component. Terra will distribute new tokens to legacy holders of what will soon be renamed “luna classic” and the TerraUSD stablecoin for the “preservation of our community.”

Read the full article from CNBC.

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