1/ #LUNAtics, your votes are in and the Terra Phoenix Airdrop proposal has passed ✅
With the passing, 19,504,909 $LUNA will be requested from the Community Pool to execute an airdrop to wallets that did not receive the correct amount at Genesis.
2/ 🧵with the TLDR and how to claim your $LUNA if the proposal passes
3/ If passed, 19,504,909 $LUNA will be requested from the Community Pool to execute an airdrop to wallets that did not receive the correct amount at Genesis due to technical constraints or indexing issues.
3/ Your new go-to resource has some key features we know you’ll like:
✅Login with your Terra Station wallet
✅Token gating on topics to deter spam
✅Discussion post-polling
✅Intuitive & organized interface
✅Clear labeling of governance process stages (coming soon)
1/ Block 1 of the brand new Terra blockchain (with a chain_id of “Phoenix-1”) has officially been produced at 06:00 AM UTC on May 28th, 2022!
Congratulations to the #LUNAtic community on this expeditious feat of collaboration 🎉
2/ Those who were eligible for the $LUNA airdrop can view their wallet balances on the new chain by selecting the “Phoenix-1” network in their Terra Station browser extension.
3/ Users can do multiple things with their liquid $LUNA, including staking it on Terra Station to their preferred validator(s) to earn rewards & participate in governance decisions, using it on dApps upon launch, or trading it on an exchange.
1/ Yesterday, we said Terra 2.0 is coming. Tomorrow, it arrives.
The community has been working around the clock to coordinate the new chain’s launch. Subject to potential change, we expect Terra to go live on May 28th, 2022 at around 06:00 AM UTC.
2/ To reach this point so quickly speaks volumes about our incredible community of users, validators, developers, and exchange partners 🌎
We’d like to thank each and every one of you for making this possible 🤝
3/ Ahead of Genesis, here are the most important things to know 👇
1/ Terra 2.0 is coming.
With overwhelming support, the Terra ecosystem has voted to pass Proposal 1623, calling for the genesis of a new blockchain and the preservation of our community.
2/ The Terra Ecosystem Revival Plan – which has everything you need to know about our path forward – can be read in full here.
3/ It will effectively create a new Terra chain without the algorithmic stablecoin. The old chain will be called Terra Classic (token: $LUNC), and the new chain will be called Terra (token: $LUNA). The chain upgrade will commence a few hours after the Launch snapshot.
1/ Recently, a few community members (including some from TFL) have referred to the proposed new blockchain in Prop 1623 as a “fork” as opposed to a genesis chain.
Note: The revival plan is not proposing a “fork” of the existing chain, but rather the creation of a new one 🧵.
2/ What is a fork?
A (hard) fork refers to a change in a blockchain protocol that results in two blockchains - one that follows the previous protocol & one that follows the new version. The new chain shares all of its previous history with the original.
3/ The important distinction here is that a forked blockchain “shares all of its history with the original (chain)”, which Terra 2.0 will not.