Early polling from Terra vote indicates 91% are in favor of ‘rebirth’ By Cointelegraph


Early polling from Terra vote indicates 91% are in favor of ‘rebirth’

Terraform Labs CEO Do Kwon’s plan to create a new blockchain “without the algorithmic stablecoin” TerraUSD (UST) has the support of 85 million community votes.

In a proposal opened to the (LUNA) community on Wednesday, more than 91% of votes at the time of publication were in favor of “rebirthing” the Terra network — roughly 85 million out of 93 million, with up to 284 million votes yet to be cast. The proposal needs roughly 188 million votes in favor to pass before the window closes on May 25.