Six Samurai: Anonymous Developers Seek to Revive Terra Classic Ecosystem
While the co-founder of
Terraform Labs has been sentenced
to four months in jail in Montenegro, a team of six anonymous developers have been attempting to revive the Terra Classic ecosystem after its collapse in May 2022. The
six programmers, known as the “Six Samurai,” wholeheartedly believe that luna classic (LUNC) has
“limitless upside potential.”
A group of developers, self-identified as the
“Six Samurai,” now aims to
revive the struggling network and
infuse new life into the Terra Classic blockchain ecosystem.
This is not
the initial instance of developers discussing the revival of the Terra Classic ecosystem. In late April 2023, supporters of T
erra Classic deliberated on restoring terrausd classic (formerly UST) to its $1 parity. However, the plan
never fully materialized, although terrausd classic (USTC) experienced a slight increase during the week the idea was deliberated.
The Six Samurai proposal encompasses numerous ideas to revive the chain, such as
token burns, the establishment of a
USTC testnet, and the creation of a
feeshare module. The token burn concept entails
“burning all the LUNC reminted from Binance customers’ fees to date.”
