Terra CEO Do Kwon stated that the shutdown is short-term and that he’ll discover a method to revive LUNA. After just a few hours, he had his proposal.
Do Kwon formally spoke – Terra Ecosystem Restoration Plan
LUNA and UST have skilled essentially the most disastrous days within the crypto house. True to the saying “inbuilt 4 years, collapsed in 4 days“. Each LUNA and UST have been devalued and slid to zero as traders offered off tokens resulting in the Terra blockchain shutting down and typical exchanges like Binance eradicating the LUNA and UST buying and selling pairs.
Learn extra: https://cryptowallcity.com/do-kwon-officially-spoke-terra-restoration-plan/