Do Kwon, CEO of Terraform Labs, He had presented his plan of salvation to the community and had received quite a reaction from the community.
To Do Kwon, who aims to solve the problem by changing the old token to LUNA Classic and issuing a new token, by the community, burn or buyback was told it was necessary.
Do Kwon’s plan of salvation almost admitted but the community persistently He wants to be burned.
One Terra investor told CEO Do Kwon on Twitter, “Give us the LUNA cremation address and we’ll burn it for you.” said Do Kwon in response to LUNA’s He sent me the address.
Do Kwon, who shared the address again on Twitter 2 days after sharing the address, stated that reducing the circulating supply of Luna will not have an effect on the price.
Only people who send to the address in this way who said they would lose their tokens Kwon, nothing else will happen explained.
Also CEO:
I shared this address for information purposes and I am happy with it. However, you should not burn your tokens without knowing what you are doing.
made statements.