ICYMI: only 8% of $LUNA users somewhat agree with Do Kwon's Terra revival plan LUNA $UST
According to the voting page, 92% of all voters stated they are not willing to see another network being launched by the same team. In total, 6,031 votes were submitted at press time with only 8% of voters somewhat agreeing with the newly presentedDo Kwon shared all the details with the community previously. The plan included a creation of a new Terra chain without the algorithmic stablecoin.
While the community vote shows that the majority of investors are not in favor of such a fundamental change, the official governance voting may have completely different results as a larger pool of voters would be included. At press time, Luna is trading at around $0.0001 while having more than $1 billion in market capitalization. Stablecoin UST sits at around $0.1 and most likely will not recover to $1 if no backing is planned from either LFG or other sources.
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