Terra Founder Do Kwon Seeks A Way Out Of His Situation: Here’s His Last Move!

Do Kwon, old and new Terra Blockchains He said it was not difficult to form an alliance between them.

Terra’s founder, Do Kwon, recently LUNC DAO In a Whatsapp conversation shared by Terra Classic (LUNC) and Terra 2.0 It revealed the possibility of an alliance between their blockchains.

Do Kwon Hints at a Possible Alliance Between Terra 2.0 and Terra Classic

Kwon stated that it would not be difficult to form an alliance with Terra Classic. However, he said his main concern was getting the Terra Classic community to get a software update recommendation passed.

He announced this by suggesting possible interoperability between the old and new Terra Blockchains. During the chat, a LUNC core developer suggested several ways in which both Blockchains could evolve.

Some of the suggestions made by the developer were to raise LUNC to par, create a cross-chain alliance between LUNC and LUNA, reward LUNC owners after the collapse, and launch LUNA apps on the Terra Classic network.

Kwon said:

“Forging an alliance with LUNC is not difficult, as long as a software upgrade offer can get through.”

After the collapse of the Terra ecosystem, the team and community had differing views on how to bring investors back together.

While the community wanted a large portion of the token’s total supply to be burned, the team led by Do Kwon created a new chain entirely called Terra 2.0.

Following the release of Terra 2.0, the old Terra chain, now referred to as Terra Classic, was abandoned by the team, prompting the community to look for ways to revitalize the project.

Terra 2.0 is currently spearheaded by the Terra team, while Terra Classic is now a community-driven project. However, the latest proposals could lead to the collaboration of both chains to accelerate the revival of the Terra ecosystem.

*Not investment advice.