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. We have no control or any special privileges – the op of the gov proposal should coordinate with validators for a network upgrade — Do Kwon 🌕 (@stablekwon) July 9, 2022 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. Indexing is a public service – the tokens come from the community pool and tfl doesnt benefit from terra 2.0 – if you dont like the speed welcome to write code, get it audited and DIY — Do Kwon 🌕 (@stablekwon) July 9, 2022 Kwon responded, saying that indexing on Pylon Gateway is a public and not a private service. The tokens involved are from the communi...
$285 Million in Bitcoin Shorts Wiped Out
