🛑🛑 Emergency News: Terra Luna Recovery Update 🚀🚀🚀

🚨 Terra Sets Preliminary Date for LUNA, LUNC, USTC Recovery 🚨

Terraform Labs has announced a preliminary date for the recovery of LUNA, LUNC, and USTC. Here are the key details:

- Preliminary Crypto Loss Claims Bar Date: August 21, 5:00 pm ET

- Purpose: For filing crypto loss claims in the Chapter 11 bankruptcy case of Terraform Labs Pte Ltd (TFL) and Terraform Labs Limited (TLL)

- Eligibility: Individuals and entities seeking claims from TFL and TLL can file crypto loss claims for voting

- Consequences of Late Filing: Holders who fail to file crypto loss claims on time will not be treated as creditors for voting purposes

Additional Information:

- Terraform Labs has announced important updates for the Terra community regarding crypto loss claims.

- The Terra ecosystem tokens are bracing for crypto market pressure.

- Terraform Labs has implemented a 0.5% tax on all LUNC token transactions to reduce the supply of LUNC.

- The Terra Classic community has been actively involved in promoting the coin on social media platforms.

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