Terra Developers Propose $250 Million Ecosystem Funding Program
Source: Terra The developers behind the remnants of the fallen Terra (LUNA) network have unveiled an ecosystem funding program worth some LUNA 95 million ($248 million), seeking to encourage developers, miners and users to develop the troubled ecosystem . “This program will be funded with the 9.5% of the total LUNA supply that was earmarked at the launch of the new Terra chain. This incentive program will run for 4 years and will be managed by a community-elected committee that will be evaluated every 12 months,” according to their proposal. Under the plan, the project will consist of four initiatives: a developer grants program of LUNA 20 million, a developer mining program comprising LUNA 20 million, a liquidity incentive mining programe covering LUNA 50 million over a four-year period, and a user incentive program of LUNA 5 million, the proposal states . It is noteworthy that Terra Luna Classic has established itself as one of t...