No products in the cart.
- Latest
- Trending
ADVERTISEMENT
Terra Rebels is a volunteer developer group. 1.2% tax burn proposalreleases the official Terra Classic (LUNC) revival roadmap. Terra Rebels lead developers Edward Kim and Alex Foreshaw outline three goals:
Terra Rebel Tweet On September 29th, we announced the release of the official Terra Classic Revival Roadmap. Roadmaps and white papers are available on the official website. However, the roadmap is subject to change as development continues towards the recovery of Terra Classic.
We are very excited to release the official Terra Rebel roadmap to everyone. The roadmap can be easily viewed at: terrarebels.netPlease note that the roadmap is subject to change.
Additionally, Terra Rebels announced that it will accept donations through Open Collective and Terra Classic Wallet.Detail is Available in this tweet.
In an emergency phase, Terra Rebels will re-enable delegation and staking with the successfully implemented v22 upgrade on August 26th, officially kicking off the revival of the Terra Classic blockchain and LUNA tokens. Subsequently, Terra Rebels’ Governance Proposition 4661 was successfully passed with a 99.88% “yes” vote. Enable 1.2% tax burden on all on-chain transactions You have now completed six stages of the roadmap.
Currently in the rebuilding phase, Edward Kim and Alex Foreshaw have outlined three goals.
Terra Rebels aims to launch an Algorithmic Fungible Token (AFT). Developers will disable the old Terra swap mechanism and work on the new Terra swap mechanism to further reduce total supply. In fact, the reason behind LUNA hyperinflation and the UST algorithm was the old Terra swap mechanism. stablecoincollapse.
A debt-to-equity swap is required to re-peg the AFT to the USD. With a focus on decentralization, Terra Rebels plans to raise a certain percentage of dilution or community funding in exchange for backing from outside investors and entities.
On the other hand, large on-chain programmatic reserves are designed to obsolete USTC’s entire circulating supply. In the event of a systemic crisis, loss of Terra Classic (LUNC) holders cannot be prevented. However, it will not be the hyperinflationary scenario seen during the Terra-LUNA crisis. Most likely in 2022.
Terra Rebels working on reactivation Inter-block communication (IBC) Between Osmosis and Terra, Upgrades and utilities Chain cleanup and compatibility Cosmos v45.8 and Tendermint v0.34 for dApps Project support for Terra Classic blockchain.
Terra Rebels aims to make Terra Classic completely independent of TFL. The community has expressed concerns about the relationship between TFL, Do Kwon and Terra Classic. The community of developers, validators, LUNC holders, etc. has rights to Terra Classic. Terra Rebels is working on the Light Client Daemon (LCD), Terra Station Wallet, Community Pool, independent from TFL, DogwonAdditionally, TFL is focused on LUNA v2 and has already withdrawn support for Terra Classic blockchain and LUNC tokens.
According to CoinGecko, the price of Terra Classic (LUNC) has increased 37,000% since the Terra-LUNA crisis. moreover, Prices jumped nearly 500% After v22 upgrade. This includes burning, staking, project building, ecosystem education, and governance activities.
LUNC price is High of $0.00058 As of September 8, the price is trading at $0.00027. Arrest warrant issued against Terra founder Do Kwon by Korean authorities.
The content presented may contain the author’s personal opinions and is subject to market conditions. Do market research before investing in cryptocurrencies. The author or publication accepts no responsibility for your personal financial loss.
