16 May 2022 20:55, UTC.
Reading time: ~2 m
The Polygon and Fantom teams have rolled out a support program for Terra developers, promising money and direct assistance.
Polygon Studios CEO Ryan Wyatt tweeted that his company is already working with several Terra projects to help them move to the Polygon network. According to Wyatt, the blockchain community is ready to embrace Terra developers and help their projects recover. The CEO assured that Polygon will provide the capital and all the necessary resources to help make the migration a success.
Polygon founder Sandeep Nailwal clarified that a Proof-of-Stake (PoS) chain would be most appropriate for Terra projects. The businessman noted that the ZK Rollups solution will soon be available on the PoS network.
When the Tier 1 blockchain project Fantom joined Polygon, the project team said it was ready to help any Terra developer who wanted to move into their network. Later, the team published a grant program that could help developers with marketing, connections, and integration.
Changpeng Zhao, CEO of the cryptocurrency exchange Binance, also stated his willingness to help:
“Regardless of my personal views or the decisions made by Terra developers, we are always ready to help the affected community in any way we can.”
Earlier, Binance announced the delisting of the cryptocurrency LUNA and the UST Stablecoin. The company warned users about it in advance.
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