Do Kwon proposes to revival Plan on Earth Ecosystem
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Do Kwon proposes to revival Plan on Earth Ecosystem

Earth co-founder Do Kwon has uncovered a renovation plan for the Land Community, which involves leaving the UST stable. However, he recommends that the validators unravel the property’s safety net under the new chain and distribute it to the damaged parts.

UST failed, says Kwon

At a forum later on Friday, Kwon argued that Earth ( LUNA ) has been so diluted that the ecosystem combination with TerraUSD (UST) can no longer be rebuilt — even if UST has somehow recovered its stake in some way.

UST is the third-largest US dollar pegged currency, while LUNA was a token organization that provided UST spike support. Individual Euros have fallen by 84% and 99% this week, respectively.

The co-founder claims the collapse of trust in UST is so completely disappearing that it can no longer serve as “decentralized” than they hoped.

“With UST Earth’s basic story of growing up in the past year, it has the power to preserve the Earth’s ecosystem and its community,” wrote Kwon.

That’s why the creator proposes a chain of surprises, and a proper network storage, to just 1 billion units – out of over 6 trillion LUNA tokens that are now in circulation.

Compensating Land Community

In particular, 400 million disgruntled earth quagmires will be distributed among former LUNA holders during the time that UST de-pegged earlier this month. This does not include Terraform Labs, as Kwon aims to be a “community-owned” new chain.

Another four million tokens will be shared with UST holders at the time of the upgrade to repay the entire amount due to Terrain.

The nearest hundred million will go to the rear holders before the Earth chain is settled, with the final 10% pool dedicated to the community.

Kwon claims that the Earth community can find another way to find “central funds” for the UST in the future.

“I hope the community will be able to reach a speedy consensus on how the Earth’s ecosystem will revive,” he concluded. “I’ll always be here.”

The plans outlined include the highest conversion from Kwon to the original UST recovery plan, which involves increasing the UST user rate.

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