Do Kwon’s Terra revival plan is highly ambitious but difficult to execute after the crypto crash
Disaster struck the CEO of Terraform Labs, Do Kwon, when the Terra blockchain (LUNA) witnessed a crash that was unforeseen by him. It resulted in pushing down the UST, Terra’s stablecoin to the lowest depth. But he seems to be a man with an ambition to recover soon, at least if his recent interview with The Wall Street Journal is to be followed. Where does he gain confidence to launch Terra 2.0? It is basically the peer process, as a survival strategy, of constant redevelopment and restructuring of the existing blockchain technology. One of his goals is to make the blockchain wholly community-owned in the stablecoin.
Do Kwon’s confidence is really striking in the sense that he has always maintained that he has lost almost all of his money due to the stablecoin crash. While one may respect his conviction about the recovery the fact is however confident he might be in his ability to come...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...