92% of the participants are against the two-coin plan to launch Fork Luna

The results of a preliminary poll on Terra’s recovery show that 92% of respondents oppose De Quann’s proposal to launch Fork Luna. Many of these people have suggested the token burning method to revive Luna.

To Report Voucher Guru, two Cowans, unveiled a new idea yesterday to restore the Terra ecosystem. He explained on Twitter how the team intends to revive Luna and what they are going to do.

According to him, the previous Terra chain will be forged into a new chain without Stable Quinn algorithm. The old chain will be known as the Terra Classic with the Luna token (LUNC) and the new chain will be known as the LUNA with the Luna token. However, the plan, called Revival Plan 2, was not well received.

At the time of writing, more than 5,665 people have taken part in the initial poll for the digital currency on Terra’s official website, and 92% of them do not support the plan.

92% of respondents think it is not a good idea to launch a fork that introduces a new version of the ChinaTra block. It is worth mentioning that anyone can register in your association and participate in this informal voting; It does not matter whether these people are Luna’s holder or not.

It all started when the UST crashed and lost its value against the US dollar. This affected the entire ecosystem of Tera and caused the supply of Luna tokens to increase significantly. Eventually, Luna’s price almost dropped to zero.

De Quann also suggested the idea of ​​launching the Luna chain fork to revive it. Following the publication of the survey related to this proposal, members of the Tera community expressed their suggestions and ideas in the comments section of the Terra site.

One of these people said:

We do not want a fork. The best option is to burn Luna and turn it into an anti-inflationary token.

Another person said:

I hope the idea of ​​forks is abandoned and they use the token burning method instead. In this case, more people will be happy. This method makes Luna return as one of the top ten tokens in the market, increase its market value and attract the attention of all digital currency market participants.

Although the poll does not have formal decision-making power, it reflects the views of members of your community. As mentioned, some of these people have suggested the token burning method to reduce supply.