We WILL still be alive after the fork. Old LUNA or LUNA classic will really be our only way to make back any of our investment. I am trying to build the BEST team to lead LUNA classic forward and not only fix the issues and make us whole bit build this chain for the future and make this ecosystem a viable money building system for all of us.
It takes more than just developing a great coin, it takes great leadership and that is what I want to have in place. A leader for the community.
Let me tell you guys something …nothing will be with luna classic …
Why ?
Because Kwon and Co will focus on the new chain.
So instead asking them (who are no leaders) what is going to happen
better demand your voting/staking rights
and start deciding yourself what is going to happen with luna classic or do you consider the actual voting positive for luna classic ?
Important to keep the community or those left interested, updated with any developments of what you guys are proposing.
Build the interest.
Reddit thread or start a twitter handle so it can easily be followed pls.
Would Do Kwon consider handing it over to a new management team ?
I’m based in the U.K. as long as there are no legal liabilities attached to it. I would consider being part of an international team
Mission
1: To help everyone who lost money recoup their losses
2: For anyone who has remained loyal they get to be part of the revival and If they are rewarded with the price going back to $1 that’s the least they deserve for the psychological trauma they suffered
3: We burn the tokens to get to 1 billion token (fixed)
4: Decouple UST we don’t want to be it’s side kick, it has much to answer as a flawed product. Don’t want any association with it
5: We have a community led project aimed at altruistic causes
6: Anyone here clever enough to work out how much it would cost to purchase all the coins in circulation to burn them to get to 1 billion coins?
Exactly, I don’t understand why the team is not taking advantage of this huge interest in old Luna. It is world famous now and if you just put the damn taxes at an appropriate level without frightening investors it will be beneficial for everyone (holders, victims, reputation of Terra). It is also good for them against accusations because it is a solid act of rescuing financial victims.
It all depends on Terra Classic team. Who will be in charge of that team? Will that be a side project of Terra? Or are they thinking about selling rights of Terra Classic to a third party? I think team must answer these questions and reveal their plans…
I support your proposal. We need to keep in mind that Buyback and Burn may not be feasible with a new management… at current price it would cost about $784 million.
We can start with alternative ways to burn and get the ball rolling…
Then there’s no need for $ donation. If people can just give back 5-10 percent of their Luna to the devs then there will be no worry for buyback but instead focus on the burning.and yes that won’t be enough but atleast the supply count will be reduced. And tbh at this point theres no way Luna will hit 1$ soon or in the next few years until the management gets the fund to start buy back again and they will probably focus on the new token now
Sorry to tell you this people…but the devs are leaving and going to Binance and Polygon…there is headhunting going on all around. Do KON still has the keys and its likely that Terra is gonna get buried in legal issues…get out while you can…it will be years before this goes to court and by then everyone who was working on this will have moved on…they gotta eat too…
Yeah, Do will compensate UST victims via direct funding. That’s very thoughtful. But there are still Luna victims and infamous reputation of Terra. This must be solved by taxation burning. Although Do said that cex don’t accept taxes, there is an extreme situation right now and CZ stated that he is willing to help in anyway. I think Do should talk to CZ and ask for that taxation proposal. He must give it a try, it is already Luna Classic now. Nothing to loose.