If I have my UST on binance, will I have a new Luna?
I also bought Luna on binance and holding, couldnt understand any of this plan to revive âŠ
do i need to transfer my coins to a different wallet ?
can i keep holding the coins and hope that its price will change ?
or do they cancel those coins and make it a new coin ?
this is not a value driven mechanism for luna. the problem here how they manage the luna and ust⊠its not the network it self. forking is an exit plan
i think 5/21 system shutdown and never come back⊠
This is great! I hope and wish all success!!!
Letâs go!!!
So how about the âStupidâ people who bought at 30 dollar? what about 60 dollar?
Iâm among them.
Having defined * âPre-attackâ snapshot to (2022.05.07 23:00:04+08:00) pretty much ignores every one who payed still pretty high price.
And even of it takes a long time to get the inflation under control the logic behind it is valid. Or i have not seen anyone coming with a valid point why it cant be done.
I donât have much of an opinion on this proposal EXCEPT for the post attack snapshot time. 2nd snapshot should be taken before Luna dropped below $1. Perhaps when the price was between $20 and $10.
project! You are dishonest Person
Thank you for this proposal.
Would it be possible to confirm if aUST on Ethereum will be included in the snapshot?
DeversiFi customers were the second largest collective holders on Ethereum at the time of the de-peg (over 27m aUST)
We were hoping that you would be able to include the DeversiFi deposit contract address in your snapshot calculations, without the whale cap of $500k
Deposit contract address (Ethereum)
0x5d22045daceab03b158031ecb7d9d06fad24609b
This proposal is very unfair for UST holders. You should do a snapshot pre depeg only and forget about the current dates. Also, you should give more percentage to UST holders as we have lost all our savings on what was promised to us as a stable coin. Make UST holders pre depeg whole.
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Well. Seems they pretty much fuc.ked with every one who bought Luna after the attack and defended the price. Those who just tried to get their money back, those who believe in the project and tried to save it or those who tried to buy the dip. For Do and his team seems that they are all mere speculators.
Autoburn feature to restrict token supply to 1B is needed .
Ha! Theyâve fuckd with pretty much everyone! Regardless of the date of snapshoot.
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The TerraRescue team announces a project to solve three problems.
- Save Terra Network without forking & burning LUNA coins.
- Restore the LUNA value as of 5/6/2022 6:00 PM ($80.59)
- Restore 1:1 parity between UST & US dollar.
Intro.
The TerraRescue team understands the complexity of its goal. Below is a short action plan that will lead to success.
Stage 1. Reduce the market supply of LUNA coins.
The main task of this stage is to reduce the supply of LUNA coins on the market.
Decision.
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Create a DAO TerraFederalReserve and an address for it in the Terra network to create a Future Generations LUNA-Fund.
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Create an address in the bitcoin network to create a Loss Compensation BTC-Fund for DAO TerraFederalReserve.
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Each LUNA Coin holder must send as many LUNA as possible to the Future Generations LUNA-Fund address for freezing.
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LUNA coins on the Future Generations LUNA-Fund will be frozen until 12/31/2024.
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Once a year, LUNA will begin to be returned to the owners according to the stage 5 scenario.
Step 2: Spread the word about the ArtDonation project.
The main task of this stage is the viral dissemination of information about the ArtDonation project on the Internet to attract the attention of the Terra community and new members to the network.
Decision.
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It is necessary to create software for viral dissemination of information about the ArtDonation project. This software is proposed to be made in the form of a Telegram bot.
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Telegram bot will be able to issue Terra Rescue Token, TRT coins. To receive TRT coins, the participant will need to get a referral link from the bot and give this link to his/her friends. For each new visitor, the bot will accrue TRT coins according to the referral IT-engine algorithm.
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Terra Rescue Tokens are distributed free of charge as referral reward.
Stage 3. Generation of pure liquidity.
The main task of the stage is the generation of net liquidity through the ArtDonation mechanism. Net liquidity refers to the BTC provided to the Terra network for free.
The idea described below does not require material resources. It only takes intellectual effort and time to create the product below.
Decision.
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A well-known writer promises to create a product & donate to DAO TerraFederalReserve the income from the sale of the product to restore the Terra network, namely, to write a new book within 1 year from the date of acceptance of this proposal by the community.
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The book will be created in the real time. The frequency of publishing an e-book is 1 chapter per week.
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Access to the book will be paid, one time payment 10 dollars as of the day of the first chapter release. The subscription price will increase by $1 every 24 hours. Only BTC to a DAO TerraFederalReserve address on the bitcoin network will be accepted as payment.
Stage number 4. Compensation for losses.
The main task of the stage is to create a mechanism for compensating for losses.
In order to achieve the best possible development in the Future Generations LUNA-Fund, all LUNA coins that have formed in excess of the amount available on the market as of 5/6/2022 6:00: PM should be sent.
Participants advised not to send all currently available LUNA coins to Future Generations LUNA-Fund.
Participants have the right not to use access to Loss Compensation BTC-Fund assets and keep TRT tokens.
Decision.
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With the generation of every 10,000,000 Terra Rescue Token, TRT will open access to Loss Compensation BTC-Fund assets.
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Anyone who has more than 10,000 TRT on the date of generation of 10,000,000 TRT will have the opportunity to recover losses from the BTC that are on the Loss Compensation BTC-Fund balance.
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The logic of compensation for losses.
3.1. The value of one TRT token is strictly tied to the amount of BTC generated in Loss Compensation BTC-Fund on the date of generation of the next batch of 10,000,000 TRT.
3.2. All participants who donated LUNA coins to the Future Generations LUNA-Fund are divided into 50 groups based on the number of LUNA coins donated.
3.3. The first group gets access to the Loss Compensation BTC-Fund assets first and can compensate for all their losses by burning TRT tokens. The duration of access is 24 hours.
3.4. The second group gets access to the Loss Compensation BTC-Fund assets of the second and can compensate for all their losses by burning TRT tokens. The duration of access is 24 hours.
3.5. Scenario 3.2. â 3.3. will be repeated for all 50 groups for 50 days.
3.6. Loss Compensation BTC-Fund assets may run out faster than the queue reaches the 50th group. This will serve as a motivation for participants to contribute more LUNA to the Future Generations LUNA-Fund in order to be in the first group in the next round of generating 10,000,000 TRT.
3.7. The generation of Terra Rescue Token, TRT stops when the market price of LUNA returns to the desired level of $80.59 according to Coinmarketcap. Compensation ends. Access to Loss Compensation BTC-Fund is no longer provided for loss compensation.
Loss Compensation BTC-Fund will be managed by DAO TerraFederalReserve and will be used for community development purposes.
Stage number 5. Return of LUNA coins.
The main objective of the stage is to ensure the long-term successful future of the Terra network and create favorable conditions for attracting new members to the Terra network.
Decision.
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Future Generations LUNA-Fund assets will be returned to TRT token owners that are left with the participants after the loss compensation from the Loss Compensation BTC-Fund is completed.
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Every year, on January 1, starting from January 1, 2025, 2% of the fund will be returned from Future Generations LUNA-Fund for 50 years. The refund will be made in proportion to the amount of TRT tokens the participant has on January 1 of each year.
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The last return will be made on January 1, 2075.
An extraordinary event requires an extraordinary plan.
As a new member, I cannot continue discussing here because only 3 replies are available. Please join to the chat in the Telegram - @TerraRescueChat
We have talk with a writer, also have a Telegram bot for TRT tokens distribution.
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Can we switch to negative interest rates (the wallet before the chain disconnection is the benchmark, after that, the wallet will be reduced by 1% per month for every 10 million luna, and 10% per month for 100 million luna), and increase the transfer fee to prevent whales from being able to distribute to other accounts, and Cancel all trading pairs to keep only ust/luna
Someone would explain me please ? Did i need to manually unstake ?
Is UST still PEG when it reaches $1 dollar?
Dans vitrev article on lit que vous avez proposé pour les détenteurs de LUNA post-attaque : 10 %
Est ce que cela veut dire que celui qui détient actuellement 1000 000 de Luna, il aura lors de la distribution du jeton 100 000 Luna?
Sâil vous plait rĂ©pondez moi sur cette question. Car câest important pour moi. Bien que je nâaime pas pleurnicher mais je dois vous dire que jâai perdu 1000 $ que jâai investi dans Luna lorsque son prix est tombĂ© Ă 1 $ et pire encore jâai perdu Ă©galement 22k dans une trentaine dâaltcoins que je possĂšde dans divers wallets. En voyant le terrible accident survenu Ă Luna et en craignant que le marchĂ© sâeffondre complĂštement, jâai vendu dans la prĂ©cipitation tous mes altcoins qui ont considĂ©rablement chutĂ© : rĂ©sultat une perte sĂšche de 22k. Car il ne faut pas perdre de vue que ce nâest pas uniquement les dĂ©tenteurs de Luna qui sont affectĂ©s par ce terrible accident, mais câest tous les dĂ©tenteurs de crypto monnaies en gĂ©nĂ©ral qui sont touchĂ© par ce phĂ©nomĂšne. Il nây a quâavoir comment se comporte le marchĂ© actuellement pour se rendre compte de cette Ă©vidence. En dĂ©finitive, ce qui est arrivĂ© Ă Luna est un Ă©norme sĂ©isme qui a frappĂ© lourdement le monde de la cryptographie. Si on ajoute Ă cela lâinflation galopante qui sĂ©vit actuellement dans le monde, les consĂ©quences dĂ©sastreuses de lâinvasion de lâUkraine par la Russie et la situation catastrophique de lâĂ©conomie mondiale suite aux rĂ©percussions nĂ©fastes du COVID-19, il est fort Ă craindre que le marchĂ© des cryptos monnaies va sâeffondrer complĂštement dans les jours ou les semaines Ă venir faisant encore plus de mal aux dĂ©tenteurs des crypto monnaies.
JâespĂšre que le marchĂ© prendra le chemin de la croissance malgrĂ© lâimpact nĂ©gatif des facteurs que je viens de citer.
Je souhaite énormément de succÚs à votre équipe pour qui travaille jour et nuit pour que Luna surgisse à nouveau et revenir au top ten des cryptos monnaies, voire plus.
Bien Ă vous.
ćąèŁććŻčćć èżæŻèŠè”°etcçè·Żçșż
No one should settle for LUNA 2.0! I am against LUNA 2!!!
2 Likes