You cant do this, people have buyed on exchanges. If you snapshot you go to jail.
Proposal:
Snapshot before the Attack
Give all Luna Holders the new LunaV2 in ratio 1:1
Only for Example:
Luna:
Snapshot:
10. May : Wallet Amount 1000 Luna
Supply Luna Eco: 100
Airdrob Ratio 1:1
Snapshot
11. May : Wallet Amount 1000 Luna
Supply Luna Eco: 200
Airdrob Ratio 1: 0,5
UST:
Snapshot:
10. May : Wallet Amount 1000 Luna
PEG USD: 1
Airdrob Ratio 1:1
Snapshot:
11. May : Wallet Amount 1000 Luna
PEG USD: 0,5
Airdrob Ratio 1:0,5
3 Likes
Hi, I move UST from anchor to Binance at 5/10(after snapshot time) for fear, but I didn’t sell it.
I hope it’s OK for me. I can move back.
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Or a other proposal
Make a IDO to offer 1 LunaV2 for 1 $
Luna:
Wallet Amount * LunaPrice by the snapshot = Total Amount
Total Amount / IDO Price : Amount LunaV2 with Lockups
UST:
Wallet Amount * PEG by the snapshot = Total Amount
Total Amount / IDO Price : Amount LunaV2 with Lockups
Example:
If you hold 1000 Luna on May 10, the Price was about 72USD/Luna:
1000 * 72: 72000USD
72000/IDO : 72000 LunaV2 with Lockups
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Yeah what happens to all ust holders that are on exchanges?
I never bought on on chain only off chain on exchanges?
Would it be like keep & Nu → Threshold token? Type?
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It’s dead guys. Just move on. The A-team has nothing and were more concerned about saving their asses. Bringing LUNA and UST prior to the attack will still result in total failure. Do Kwon should immediately resign, as all UST should be sold to someone else, perhaps even Elon Musk, who will work to make the code right and that’s it.
Do Kwon failed, for the second time by the way. He made plenty loads of money. He was warned of the vulnerability by some experts a while ago, and never really did anything about it.
Just move on, put your faith in someone who is more responsible. He has been absent this whole time watching others raping his community as they were burning UST and dumping LUNA at 3 times its value.
This is it.
You guys still discussing about a recovery plan ? Seriously ? And not to mention Kwon was “entertained” by the fact 95% of all coins dropped to zero.
GG fam. Peace out. I’m digesting my losses as I just lost 6 months worth of salary that I deployed to save UST. I suggest you all do the same and look for other opportunities in the market.
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If you ask for their permission before taking snapshot, there would be no legal issues.
Many airdrops happen by taking snapshots of exchanges. So not illegal.
Interesting point. Anyone else like to comment on this?
If Do Kwon plan to restore the snapshot before the attack actually comes to fruition, then I will implement the plan to restore the snapshot after the attack, including all CEX users and derivatives. And I will create another Terra Blockchain fork. More fair than TerraBitesPod. Details will be here: https://twitter.com/kvbfin
either here: https://twitter.com/cvl_fund
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I propose the name “Memento Mori” for the new future of france
Hello, I am 300,000 holding 300,000 ust, and I lost almost all of it this time. I wonder if this proposal can provide us with partial compensation, even if it is only 30%, and then the tokens will be unlocked linearly according to the snapshot short tokens.
Or you can use such epic popularity to do marketing and find capital to reinvest. For example, some Chinese capital likes such popular projects, you can try it out, or after you find a solution, find influential people to help build confidence.
2 Likes
Guys, respect the free market economics please.
Don’t create any new token or even redistribute. You will lose trust completely.
One thing you could do is re-dominate Luna 1:100. I get it there are new whales now but you need to also see that the old whales are out.
The community is still big and recovery can take place organically.
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Can someone please clarify what marginal luna holders refers to
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I wonder too , morover now on cryptocom binance and all exchange terraluna has bern limited or delisted you cannot sale swap or buy it , we may only wait that creators team Do Kwon solve the issue aa last statment of Do Kwon call us Lunatics not made for long term investment. Not able to see over the short speculation …let see now we really have to wait
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UST stakers at the time of the depeg attack or at least the ones staking bellow a certain depeg threshold should also be included in this. I think this is important to regain trust and faith. I hope this proposal including UST holders during the depeg goes through.
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I have a lot of luna on Binance, why i’m not in snap? Please use your brain, we have lost a lot
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Agreed, same as for aUST holders who kept believing in the network until the end
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Yes, unstaked Luna should definitely be re imbursed even if it is at a lesser rate than staked luna. I think that there is an argument that 1 Luna is 1 Luna no matter where it was held.
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hello katie. hope you are doing fine. Sorry for your losses.
While you make an excellent point, you are ignoring the fundamentals of Terra ecosystem. The main function of LUNA is to absorb volatility of the eco-system. It is clearly written in the white-paper that LUNA is the scapegoat in any such events.
You, while investing in LUNA knew about the risk and rewards. LUNA is a volatile coin. On the other hand, UST holders knew that the coin is stablecoin. UST is the hero coin of TERRA, and luna is just to absorb to volatility.
the main functioning of TERRA is to maintain the peg of UST. LUNA is there for just that.
2 Likes
That’s nonsense!
How do you justify “marginal buyers”? A lot of us use our REAL MONEY to buy the dip after the attack & also after the halt & TRUSTED luna will recover one day, but still are making a loss from the purchase! buying at $0.20 and now down to $0.000001, this is also a 99% loss, are we part of your distribution? Our money is not money? Our loss is not a loss? Our support is not support?
Please take a moment to think about this:
Those of your so-call “marginal buyers” choose to sell & took a loss after the halt, so they’d “transferred” the ownership of that holding to a new buyer, so the new buyer should be the one getting the distribution.
Not simply taking a snapshot of what’s holding between the attack and the halt or before the attack, that’s exactly what NYSE did & people lost all trust in them.
example: It’s like I sold an old house at a loss, then I get compensated with a “new” house. Then the land authority decided to demolish that previous old house without compensating the new owner. it’s so freaking unfair.
What are you going to do for those who bought after the attack or after the halt, for example, $2.00 $0.20 $0.02 $0.002… ? Especially those are in a loss right now, because the price now is just $0.000009 (as of this writing), this is about 99% loss too.
Please be fair to everyone who’s still holding luna, including those who bought after the attack & the halt.
4 Likes