Do Kwon proposes Terra revival, including token redistribution plan
To preserve the Terra ecosystem, Terraform Labs co-founder Do Kwon proposed that validators should reset network ownership to 1 billion tokens distributed among LUNA and UST holders as well as a community pool to fund future development.
Specifically, 40% of the newly distributed tokens would go toward LUNA holders who held the asset before the depegging event; 40% would go towards UST holders on a pro-rata basis at the time of the new network upgrade; 10% would be allocated to LUNA holders just before the chain halted operations and the remaining 10% would go toward the development pool.