Statement from terra luna's official social media account
1/ Terra 2.0 is coming.
With overwhelming support, the Terra ecosystem has voted to pass Proposal 1623, calling for the genesis of a new blockchain and the preservation of our community.
2/ The Terra Ecosystem Revival Plan – which has everything you need to know about our path forward – can be read in full here.
3/ It will effectively create a new Terra chain without the algorithmic stablecoin. The old chain will be called Terra Classic (token: $LUNC), and the new chain will be called Terra (token: $LUNA). The chain upgrade will commence a few hours after the Launch snapshot.
4/ The final release of the new Terra Core has been released in preparation for the new chain launch on 27 May: github.com/terra-money/co…
The code has successfully passed an audit by @scv_security: terra.sc/coreaudit
5/ $LUNA will be airdropped across $LUNA Classic stakers, $LUNA Classic holders, residual $UST holders, and essential app developers of Terra Classic
6/ Token distribution details can be found in the governance proposal, but to summarize:
● Community pool: 30%
● Pre-attack $LUNA holders: 35%
● Pre-attack aUST holders: 10%
● Post-attack $LUNA holders: 10%
● Post-attack $UST holders: 15%
7/ As you can see, the proposal allocates a large portion of the token distribution to provide runway for existing Terra dApp developers and to align the interest of developers with the long-term success of the ecosystem.
8/ TFL’s wallet (terra1dp0taj85ruc299rkdvzp4z5pfg6z6swaed74e6), LFG’s wallet (terra1gr0xesnseevzt3h4nxr64sh5gk4dwrwgszx3nw) and the distribution module where the Community Pool lives (terra1jv65s3grqf6v6jl3dp4t6c9t9rk99cd8pm7utl) will be removed in the airdrop whitelist.
9/ The removal of these wallets from the airdrop whitelist will make Terra a fully community-owned chain. We believe this is an important step to empowering our ecosystem.
10/ We are proud to be working closely with CEX partners, such as @binance, @bybit_official and many others, to support the airdrop to our community members who held tokens on exchanges.
11/ To Terra Validators and dApp Developers, we can’t wait to see where you take this. Please make sure to check out our migration guides to your new home:
● For Validators: docs.terra.money/docs/migration…
● For dApp Developers: docs.terra.money/docs/migration…
12/ We’ve already seen an incredible groundswell of the world’s leading dApps committed to Terra 2.0, and we expect more in the coming days.
13/ Terra is powered by a passionate community and a deep pool of developer talent. Many of you shared thoughts and ideas on the proposal, and those contributions led to significant improvements. Thank you for your engagement
14/ Our strength will always be in our community, and today is the most resounding sign yet of our resilience. We can’t wait to resume our work together building the future of money.