Terra CEO Do Kwon stated that the shutdown is non permanent and that he’ll discover a solution to revive LUNA. After just a few hours, he had his proposal.
Do Kwon formally spoke – Terra Ecosystem Restoration Plan
LUNA and UST have skilled essentially the most disastrous days within the crypto house. True to the saying “inbuilt 4 years, collapsed in 4 days“. Each LUNA and UST had been devalued and slid to zero as buyers offered off tokens resulting in the Terra blockchain shutting down and typical exchanges like Binance eradicating the LUNA and UST buying and selling pairs.
Learn extra: https://cryptowallcity.com/do-kwon-officially-spoke-terra-restoration-plan/