While the Terra team works to resolve the ecosystem’s many problems, the VeChain Foundation has encouraged Terra developers to relocate to the VeChainThor blockchain, providing $30,000 each to help them start over.
Terra has been working on several ways to get the blockchain back on track after the debacle that crashed its two native coins, LUNA and UST.
Even Terra’s founder, Do Kwon, has suggested hard forking the Terra blockchain, which Binance CEO Changpeng Zhao (CZ) has denied as a realistic approach in such a situation.
The VeChain Foundation is donating $30,000 to Terra developers
The VeChain Foundation, the non-profit behind creating the VeChainThor blockchain, stated in a tweet on the 16th of May that Terra devs who are unhappy and looking to migrate should select VeChain without hesitation.
According to the tweet, the organisation is willing to assist moving developers with a grant of $30,000. VeChain also claims to run a blockchain network with zero carbon emissions and scalability.
VeChain, according to the foundation, is a major enterprise-grade public blockchain platform in Europe with 100 percent uptime, is sustainable, and is fast increasing.
VeChain Foundation tweeted, “Luna_Terra Developers if you’re looking to migrate Layer1, we’re offering up to $30k to help! VeChain is a leading enterprise-grade public blockchain, 100% uptime, Sustainable & rapidly growing in the EU. Join us & #buidl the future!”