Do Kwon Announces Recovery Plan for Terra's UST & Luna: Community Reactions & TIC Follow
The crypto world is reeling after the dramatic depegging of Terra's algorithmic stablecoin, UST, and the subsequent collapse of Luna. Following what may go down as the most dramatic crypto catastrophe of all time, Terra Labs founder Do Kwon has laid out the beginnings of a plan for the Terra ecosystem's revival.
Terraform Labs co-founder Do Kwon has tabled a proposal to preserve the Terra ecosystem. Terra founder Do Kwon has revealed that Terra will save Luna and algorithmic stablecoin UST via a community proposal. Kwon explained the new rescue plan in a series of tweets, outlining his vision for moving forward. Terraform Labs’ founder Do Kwon took Twitter to make an announcement of an announcement. The same, managed to provide some respite to people.
Do Kwon's Recovery Plan: Key Proposals
(Details of the specific proposals would go here. This section would delve into the specifics of what Do Kwon has proposed for the future of Luna and UST, citing specific elements of his plan. Examples include forking, burning tokens, or creating a new chain. Use strong keywords related to the proposed solutions.)
Community Reactions & TIC Follow (Token Investor Community)
The reaction to Do Kwon's recovery plan has been mixed, to say the least. The Token Investor Community (TIC) and wider crypto community are closely following developments. (This section details the specific reactions to Do Kwon's plans, including both positive and negative feedback. Use social media embeds or direct quotes from prominent crypto figures to illustrate the community response. Cover the TIC's (Token Investor Community) sentiment towards the recovery efforts.)
UST and Luna's Future: What's Next?
(Concluding paragraph summarizing the current situation and outlining the potential future for UST and Luna. Emphasize the uncertainty and the need for community support and further development. Add call-to-actions, like 'follow us for updates' or 'join the discussion on our forum'.)