Do Kwon put his plan to save Terra to a vote among LUNA owners.
Terraform Labs CEO Do Kwon launched a vote today on his plan to save Terra. As we reported earlier, the CEO involved forking the Terra blockchain and allocating LUNA to previous owners according to a certain distribution.
Voting started today at 14:30 CEST, and an hour after it started, 23.6 million LUNA received 11.3 million votes against it. The amount of LUNA required for the vote to pass is 188 million. In a statement on the subject on Twitter, Kwon said:
“If the offer is successful, a final image of the Terra Classic network (old network) will be taken at block 7790000 and a new network will be born.”
Despite the ongoing results, the community appears to be largely against the proposal, according to comments and votes in preliminary polls on the Terra forum.
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