Do Kwon Indicates That Terra Classic Might Form an Alliance (LUNC)

Do Kwon, the founder of Terra, hinted at the prospect of a merger between Terra Classic (LUNC) and Terra 2.0 (LUNA) blockchains in a recent Whatsapp discussion disclosed by LUNC DAO.

Kwon remarked that forming an alliance with Terra Classic wouldn’t be challenging. However, his foremost priority is persuading the Terra Classic community to support a software update proposal.

Terra Chain Alignment Suggestions

He announced this by speculating on the possibility of the old and new Terra blockchains interacting. A LUNC core developer made various suggestions during the chat regarding how both blockchains could prosper.

“Quick thoughts [about] LUNC and LUNA. What if we envisioned a twin moon in the sky scenario where the whole was greater than the sum of the parts?” the LUNC core developer said.

The developer has proposed several ideas, such as bringing LUNC up to parity, establishing an interchain alliance between LUNC and LUNA, compensating holders of LUNC after a crash, and deploying LUNA apps on the Terra Classic network.

Furthermore, the key developer of LUNC also suggested developing an aligned incentive in which holders of both LUNA and LUNC engage in a head-to-head gaming competition.

“Down the road, I am imagining the possibilities for aligned incentives and stuff like games where the LUNC crowd could go head to head with LUNA, etc. But you guys will have more ideas,” the LUNC core developer said.

Kwon responded to the proposition by saying:

“Forming an alliance with LUNC isn’t hard – as long as a software upgrade proposal can pass from that side.”

Terra Crisis

The team and the community disagreed on restoring investor equity in the wake of the collapse of the Terra ecosystem. The team, led by Do Kwon, established a brand-new chain called Terra 2.0 while the community desired a significant amount of the token’s total supply to be burned.

Following the release of Terra 2.0, the team abandoned the previous Terra chain, now known as Terra Classic, allowing the community to look for ways to bring the project back from the ashes.

While Terra Classic is now a community-driven initiative, Terra 2.0 is currently being pioneered by the Terra team. However, the current ideas might encourage both chains to work together to speed up the recovery of the Terra ecosystem.

Olasunkanmi Abudu

Olasunkanmi Abudu is a Web3 content writer with over five years of experience covering blockchain, decentralized finance, and digital assets. He specializes in producing well-researched and accessible content that explains complex technologies and market trends to both general readers and industry professionals.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.