.terra_money is preparing to launch a new blockchain LUNA
co-founder Billy Markus claims that the upcoming launch of Terra 2.0, the new iteration of the failed blockchain project, will show just how “dumb” cryptocurrency gamblers are.
A new Terra chain will be launched on May 27 with one notable difference: there will be no algorithmic stablecoin. According to the distribution model presented in the proposal, 35% of the tokens will be distributed to pre-attack LUNA tokens. Ten percent of the token’s supply will be allocated to pre-crash UST holders. Post-crash LUNA and UST owners will get a 25% of the tokens. Snapshots were taken on May 7 and May 27 .
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