Do Kwon pitches revival plan for Terra blockchain, with distributions to LUNA and UST holders

Do Kwon, the co-founder and CEO of Terraform Labs, pitched a revival plan proposal on Friday following the collapse of the algorithmic stablecoin UST and its related Terra-based asset, Luna.

The proposal, included in a post on a forum for Terra discussion, amounted to a restart of the Terra blockchain. "The Terra community must reconstitute the chain to preserve the community and the developer ecosystem," Kwon wrote. 

Such a