📌150 million #LUNA tokens will be destroyed, accounting for about 13% of the total supply (data: from the Terra community)
After losing the lawsuit to the SEC, the Terraform Labs team decided to disband operations and plan to destroy all unlocked LUNA in the TFL wallet, as well as the remaining LUNA held
A proposal for the destruction plan will be released soon, detailing the destruction details and decided by the community. After the destruction proposal is passed, LUNA is bound to usher in a new wave of trading opportunities!
At the same time, the governance of Terra Classic will be transferred to the community for leadership, and the Terra ecosystem may usher in major changes.
At present, the entire Terra community is like dry firewood, and the fire will ignite at a touch!
After being short for 2 months, I started to build LUNA positions on dips today, and mainly made LUNA band expectations in the second half of the year (without faith)🎢
As with the previous in-depth tracking of#FTT#VGX, I will share my trading ideas and tracking methods with you after the proposal is released!
In addition, regarding the bankruptcy process of TerraForm Labs, it is currently progressing smoothly and the results are good. I will describe it in detail in the next tweet!
