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Under Do Kwon’s proposal, users of the existing Terra blockchain who are holding or staking LUNA, residual UST holders and selected development teams would receive LUNA tokens on In an interesting turn of events, TerraForm Labs CEO Do Kwon has put forward another proposal suggesting a LUNA hard fork as a method to revive the Terra What’s new? 90% of the Terra community members opposed the proposal of Terraform Labs CEO Do Kwon to conduct a hard fork of the network in a preliminary vote. In a preliminary vote, the Terra community has opposed founder Do Kwon’s proposed revival plan to fork the Terra chain into a new chain without the algorithmic As of 6:45 a.m. ET on Tuesday, 90% of the more than 1,000 votes in the online poll reject a fork, which would create a new, parallel version of the Terra blockchain. Do Kwon, the CEO of Terraform Labs proposed a hard fork of the Terra blockchain in his most recent revival plan. The CEO’s updated, ‘Revival Plan V2’, featured the As per the data collected from a preliminary poll conducted on Agora's forum, the platform where Do Kwon had first posted his revival plan 1.90 per cent of the Terra validators are voting on whether to approve Do Kwon’s plan to revive the Terra blockchain. One validator with 1.49% of the vote claims the proposal is being pushed Do Kwon, CEO of Terraform Labs has put his plan to revive Terra to a vote following last week's collapse. The Terra community rejects Do Kwon's plan en masse

90% of Terra Community Rejects Do Kwon's Luna Fork Proposal

The Terra community has overwhelmingly rejected Terraform Labs CEO Do Kwon's proposal to hard fork the Luna blockchain in a preliminary vote. According to initial results from an online poll, a staggering 90% of participants are against Do Kwon's proposal to fork Luna and create a new, parallel version of the Terra blockchain.

What's happening? After the recent collapse of TerraUSD (UST) and LUNA, Do Kwon proposed a hard fork as a method to revive the Terra network. His updated 'Revival Plan V2' aimed to distribute LUNA tokens to users of the existing Terra blockchain (those holding or staking LUNA), residual UST holders, and selected development teams. However, the community's response has been resoundingly negative.

As of 6:45 a.m. ET on Tuesday, the poll showed strong opposition, with over 1,000 votes registered. The Agora forum, where Do Kwon initially presented his revival plan, hosted the preliminary poll revealing this widespread dissent.

Do Kwon, CEO of Terraform Labs, is attempting to put his plan to revive Terra to a formal vote following last week's dramatic collapse. However, this preliminary vote suggests an uphill battle. One validator, representing 1.49% of the vote, has voiced concerns that the proposal is being unduly pushed.

While approximately 90% of the Terra community is resisting the fork, the formal validator vote is still underway. Stay tuned for updates as the situation unfolds.

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