What about for people who had no idea what was going on and bought Luna at $1? I know some that got completely reked from that and didn’t even get to deposit to station before the network halted. Are they screwed out of this?
Can’t for the marginal holders that just be made an airdrop to anyone who can show proof of ownership of luna? I think that would make more sense that just people with marginal positions and sit better with the community overall.
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I think it’s really hard to tread everyone equally. I was holding over 100 Luna on-chain for over a year, which were worth 12000 USD at the top and few thousand USD until a few days ago. I’d like to think this is pretty different from someone who for example just bought 100000 Luna for 30 USD today before it got delisted…
I don’t know what your exact motives were when you bought your Luna in the last days, but I would say 95% of all people who bought Luna or UST on CEX were speculating for a rebound. It’s a risky gamble, which I did myself, but here the risk played out unfortunately… I do believe those who really tried to help, did it on-chain.
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Speculator or not, anyone who bought is entitled for a compensation. Someone has to buy up those trillions of Luna. Or was it to be stared at as it crashes and burn?
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The Bailout Protocol.
You need to understand the problem and the flawed tokenomics of terra and luna. Any currency plays three roles transaction liquidity and speculation. Both UST and LUNA have unlimited supply which means inflation can pop up any time due to market conditions due to market crash or attacks anything you all know what has led us here. Any stable coin must be backed with stable assets which means should be limited in supply what needs to be done is luna needs to staked with a asset that is limited in supply or the asset backing it should have stability . In traditional markets in a crash or a meltdown you get bailed out by external sources. No one cares about terra or the community and no one is going to bail us out. Through external funding unless some one wants to do charity. Luna needs to be staked to another asset token which will be both limited and revenue generating. So both the value of the asset and staked luna goes up in value.
After seeing LUNA trending and reading up more about it, I found Do Kwan on Twitter. He said 'we will rebuild our way out of this… Together". This made me think that Terra will eventually be making a comeback, much as it might take years. So I bought LUNA on Voyager. And kept adding at each dip. Now my value is 0.
So why do you think you can say “Who stripped whom” and “is this a joke”. This is not a joke. Not in the slightest. You can claim that it’s the “funds” that have robbed us but bottom line is I’ve been doing a little more research and found out that the ego of Do Kwan has put everyone in this position.
Not a fucking joke.
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Great idea. But please include bLUNA holders! Since they are borrowing UST and paying APR.
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Not sure if that was mentioned earlier, but kUST as well please… we locked drop our money for the cause.
Also please note last night kUST claiming didn’t work and the money was stuck in the phaser…
There were some heroes but you are definitely not included among them. You were most likely doing it for selfish reasons, the arbitrage, just to make money so do not come here pretending you are one of them
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Probably not. It all really depends if, for example, binance holds a terra address and stakes your tokens on-chain for you - technically they would be awarded the tokens for everyone on binance. Then binance would have to distribute it all
damn, socialist
I F*CKING TOLD YOU to stop your plan since Monday…
It was so fcking obvious that this will happen (LUNA to the fcking ground and without any chance to save UST due to the insane difference in both Mcaps and hyperinflation that it’s insulting even for the intelligence of a f*cking monkey).
I was supporting you guys during the attack by injecting a lot of money un Sunday and Monday until I realised about my huge mistake after Do made pubic Terra’s genius plan, that totally worth a Nobel prize in economy.
Have fun in court and always remember how many families you just have destroyed, by losing everything, or even for committing suicide. (Not due to the attack, but for you completely incompetent and criminal reaction to that event)
F*ck you.
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Only thing I have to say is please don’t choose your arbitrary block number you chose to halt the chain the second time again
After it was unlocked the first time I moved all of my funds to FTX. Not because the chain was halted by because it was halted without any warning. Then again. What the fuck are you doing.
You write that it will be halted with a pre-warning at least, then you halt it. How is it even possible for you to do that.
Fuck this shit
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Does this also cover mirror assets.
I ended up holding mirror assets on the terra chain.
Can those be swapped for the new token?
I moved all my ust to binance and left it there . Didn’t sell because i believed they would recover. How dumb was I.
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me too
Remove ust. Focus on $Luna.
Compensation for those who hold $Luna and $UST: 15%. At the same time must participate in staking into terra to enjoy 10% interest. A total of 25% will be paid gradually in 1 to 3 years. Get new tokens when projects launch IDO/launchpad on Terra.
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It appears that akismet hid the proposal until an admin reviews It, hopefully an admin can be reached to address the visibility of the post
You said it yourself, Dokwon said “we will rebuild our path together”. it can’t be done in 1 day, let them work, what happens is unfortunate but we have to stick together and learn from it rather than shoot the ambulance
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40% to UST holders at the time of the new network launch
UST holders are critical components of the old network, just hold ust and wait
I bought Luna for $33 on Binance on May 10th. I knew that Luna has a reserve in BTC. I took a risk and lost $300k. I don’t care if anyone thinks I’m a speculator. I know that everyone in the community wanted to make money, not just believed in a big idea. Everyone wanted money, and those who kept Luna until May 9th. Therefore, I think that everyone should be taken into account in Luna 2.0
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