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Terra’s Community To Vote On The Proposed Network Renaming

Twitter icon  •  Published 3 years ago on May 19, 2022  •  Hassan Maishera

Do Kwon, the CEO of Terraform Labs, announced via Twitter on Wednesday that Terra governance prop #1623 is now live.

Terra’s Community To Vote On The Proposed Network Renaming

Do Kwon, the CEO of Terraform Labs, announced via Twitter on Wednesday that Terra governance prop #1623 is now live. This proposal seeks to rename the existing network Terra Classic, LUNA Classic ($LUNC). If approved by the community, this will result in a new Terra blockchain and LUNA ($LUNA), Do Kwon informed his followers. 

Terra is an algorithmic stablecoin platform operating on a Proof of Stake (PoS) blockchain infrastructure built with Tendermint. LUNA, the native token of the Terra ecosystem, is down by more than 17% in the last 24 hours and is trading at $0.00015000 at press time. 

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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