The Terra team has taken a series of measures aimed at recovering from past crises and advancing the Luna coin and its ecosystem.
Luna's Revival Plan
Restarting a new blockchain:
After the collapse of the ecosystem, the Terra team decided to restart a new blockchain and improve the existing design flaws to operate in a more stable and secure manner.
Launching the 'Terra Expedition' program:
This is a four-year plan aimed at developing the Terra ecosystem through a series of initiatives. The main objectives of the plan include incentivizing developers to build on Terra, deepening Terra's liquidity, and allowing users to join Terra.
To this end, the Terra team allocated 20 million LUNA tokens for the incentive program and offered exclusive rewards, such as a $40,000 bonus for developers who successfully build projects with smart contracts on the LUNA network.
The Terra Expedition plan also includes an enhanced version of the mining and calibration program, which aims to incentivize more mining activities by distributing additional LUNA tokens, thereby enhancing the security of the network.
Market Demand and Technological Innovation:
Luna 2.0 needs to continue to lead or keep up with technological innovations in the blockchain field and meet the growing market demand for stablecoins. This requires the Luna team to continuously invest in research and development, driving technological innovation to meet market needs.
Investment Suggestions
For investors considering long-term investment in Luna coins, a thorough risk assessment and diversification of investments are necessary. Given Luna's historical volatility and current market conditions, investors should maintain rational expectations, avoid blindly pursuing short-term gains, and patiently wait for the value to manifest after the ecosystem gradually repairs and reshapes.
In summary, the revival plan for Luna is a comprehensive and long-term plan aimed at promoting the development of the Terra ecosystem through a series of initiatives. However, during the implementation process, Luna still faces many challenges and uncertainties. Therefore, investors should comprehensively consider the above factors and make prudent choices based on their personal risk tolerance.
