menuIcon
$ 94,997.5
BTC
$ 94,997.5
-0.94 %
$ 1,816.94
ETH
$ 1,816.94
-0.93 %
$ 0.6766
ADA
$ 0.6766
-3.34 %
$ 587.48
BNB
$ 587.48
-2.04 %
$ 144.93
SOL
$ 144.93
-1.25 %
Jafrin Ahmed
Jul 9, 2022
by Jafrin Ahmed

Do Kwon Refutes Claims That TFL Has Special Privileges Over LUNC Governance

Do Kwon TFL LUNC
Do Kwon, the co-founder of Terraform Labs (TFL) has refuted claims that the company has any special privileges over the governance of Luna Classic (LUNC).

Proposal To Work With Validators

On July 8, a Twitter user posted on why a governance vote earlier passed to have the LUNC delegation re-enabled is yet to be executed. According to the user, the fact that governance on LUNC is yet to be resumed means Terraform Labs still has all the control over it. Responding to the user, Do Kwon explained that Terraform Labs has no absolute control over LUNC and that whoever came up with the proposal to resume delegation should coordinate with validators to forge the way forward and upgrade the network.

At the same time, another user wanted to know why Do Kwon and his company haven’t paid Pylon Gateway users. Pylon Gateway is a decentralized platform that facilitates the launching of utility tokens and governance systems.

Kwon responded, saying that indexing on Pylon Gateway is a public and not a private service. The tokens involved are from the community and Terra 2.0 doesn’t benefit TFL in any way. This echoes an earlier claim by Terraform Labs that Terra 2.0 would be under total control of the public.

Follow us on: News
Do Kwon LUNC Governance Do Kwon Terraform Labs
Do Kwon Refutes Claims That TFL Has Special Privileges Over LUNC Governance
Jafrin Ahmed
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Top Picks