KEY POINTS

  • Binance's CZ assured investors it will help Terra regardless of his personal opinion
  • Polygon offered swift migration to Terra investors
  • Fantom said it's willing to "assist with a grant program, integration, marketing, and connections"

The Terra ecosystem totally untangled last week and took along with it much of the crypto market and with its investors left high and dry, several cryptocurrencies personalities offered help with Buterin recommending that Terra should make small investors whole.

Polygon Studios CEO Ryan Wyatt shared Monday that the team is "working closely with a variety of Terra projects to help them migrate over swiftly to Polygon." He added the team "will be putting capital and resources against these migrations to welcome the developers and their respective communities to our platform."

A delegate talks on his phone at the Delta Summit, Malta's official Blockchain and Digital Innovation event promoting cryptocurrency, in Ta' Qali, Malta October 3, 2019.
A delegate talks on his phone at the Delta Summit, Malta's official Blockchain and Digital Innovation event promoting cryptocurrency, in Ta' Qali, Malta October 3, 2019. Reuters / DARRIN ZAMMIT LUPI

Polygon founder Sandeep Nailwal detailed options suitable to Terra projects, suggesting that those looking for an app-specific blockchain, could go for SUPERNET. "No weird restrictions on Validators/Bridge, Future possibility to make your chain a rollup, Eth community love," Nailwal enumerated several benefits investors would enjoy when they migrate to the blockchain.

Binance CEO CZ also committed he would help and noted that "regardless of my personal views, or the solution chosen in the end, we will always be here to support the community in any way we can." He, however, was skeptical of Kwon's proposed revival plan saying, "Reducing supply should be done via burn, not fork at an old date, and abandon everyone who tried to rescue the coin. I don’t own any LUNA or UST either. Just commenting."

Ethereum co-founder Vitalik Buterin also offered his opinion on the issue recommending that any repayment plan Terra has should give special consideration to small investors. "Strongly support this. Coordinated sympathy and relief for the average UST smallholder who got told something dumb about "20 percent interest rates on the US dollar" by an influencer, personal responsibility and SFYL for the wealthy," Buterin tweeted Sunday.

Layer-1 platform Fantom Foundation also offered help to Terra saying that "Any Terra Luna projects out there looking for a new chain, please PM us." It noted that "Fantom’s uptime is 100%, fast, low-cost, and reliable, with a great community, expressing its willingness to "assist with a grant program, integration, marketing, and connections."

LUNA was trading down 20.42 percent at $0.0001904 with a 24-hour volume of $2,963,934,330 as of 5:04 a.m. ET Tuesday based on the latest data from CoinMarketCap.

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