Get access to our best features
Get Started
Subscribe
Israeli-Palestinian Conflict
Earth Day
US Politics
2024 US Election
Baseball
Donald Trump
Joe Biden
US Social Issues
US Economy
US Crime
NFL
Golf
Get access to our best features
Get Started
Published 2 years ago

Terra (LUNA) Proposes Revival Plan, Allocating $248M For 'Fixing Errors' - LUNA (LUNA/USD)

Summary by Ground News
Terra stablecoin developers proposed an expansion plan in which they would allocate 95 million LUNA ($248 million) to incentivize development and fix errors. LUNA is the native token built by the Terraform developers to counterweight the Terra stablecoin and absorb its volatility. The Terra Luna ecosystem lost around $40 billion in a week of intense selloffs earlier this year.

0 Articles

All
Left
Center
Right
BenzingaBenzinga

Terra (LUNA) Proposes Revival Plan, Allocating $248M For 'Fixing Errors' - LUNA (LUNA/USD)

Developers of the Terra stablecoin ecosystem, which includes Luna Classic (CRYPTO: LUNC), TerraUSD Classic (CRYPTO: USTC), and Luna 2.0 (CRYPTO: LUNA), proposed an expansion plan in which they would allocate 95 million LUNA ($248 million) to incentivize development and fix errors within the ecosystem. What Happened: According to the original proposal drafted in May, Terra planned to allocate around 10% of the LUNA supply to the ecosystem, with 8…

2 years ago·New York, United States
Read Full Article
CointelegraphCointelegraph

Terra developers propose revised 95M LUNA ecosystem funding program

Terra devs aim to grow the protoocl's TVL by 500% in the next four years.

2 years ago
Read Full Article
BITRSSBITRSS

Terra developers propose revised 95M LUNA ecosystem funding program

It is an update to the original 100M ecosystem funding proposal, which Terra developers say did not fit the community\'s needs.

2 years ago
Read Full Article
crypto-posts.comcrypto-posts.com

Terra designers propose modified 95M LUNA community financing program - CryptoPosts

On Monday, designers from the Terra community — including Luna Classic (LUNC) formerly known as LUNA, Terra USD Classic (USTC) and Luna 2.0 (LUNA) — presented a revised growth plan specifying 95 million LUNA ($248 million). As Terra informs, brand new propositions are created to stimulate progress in the Terra…

2 years ago
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe
Ground News Article Assistant
Not enough coverage to generate an Article Assistant.

Bias Distribution

  • 100% of the sources are Center
100% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)

Similar News Topics

FinanceFinance
LunaLuna
Trending Topics
Ground News logo
US
App Store IconPlay Store Icon
CompanyAboutHistoryMissionBlogTestimonialsGroup SubscriptionsSubscribeGiftFree TrialCareersAffiliates
HelpHelp CenterFAQContact UsFor Educators/LibrariesMedia Bias RatingsOwnership and Factuality RatingsReferral CodeNews SourcesTopics
ToolsAppBrowser ExtensionDaily NewsletterBlindspot Report NewsletterBurst Your Bubble Newsletter
DonatePrivacy PolicyManage CookiesTerms and Conditions
© 2024 Snapwise Inc.
News
For You
Search
BlindspotLocal