LUNA v2 - everyone is EQUAL!

[Yoda]

I’m reviewing all proposals and it’s a shame to say that all of them have a cheap manipulation and greediness by interested parties that seeking to abuse the situation!

Terra community is built from $B investors all day to individuals that hold one token, and each one of them bleeds and lost EQUALLY the same %. Some sold to cut the losses, and bought back at a lower price hoping to recover their losses, others bought the deep like any normal community member that believed that Terra is here to stay and price will bounced back, and probably maybe even a few true angels that enjoyed from better days, donate some funds based on pure Ideology to support save other people from losses. At the end, each one of those players have been there for Terra!!! each one of them and as one big community worked together to keep the light on while they bleeding as they do so.

So now when the trust is on balance, there is no room to leave ANYONE behind, regardless to the amount of losing, size of investors, or the reasons why each one of them bought their tokens and when. first, because it’s not the right thing to do to other people in general and certainly not to Terra’s community that right now needs more than everything to regain trust in the project decisions, and second, it will anyway not be going to hold discrimination claims in court when many class action law sue will filed.

Everyone is EQUAL!!! it doesn’t matter if they hold UST or LUNA, if it been hold of-chain or on-chain, with Terra network or other networks, if it was staking or liquid on a self-custodial wallet or on some CEX wallet, they are ALL EQUAL!!!

And if the final decision will be to re-launch UST, or re-lunch LUNA, it’s fine. and if the decision will be to set a $10, or $1, $0.1, or any baseline price for LUNA v2, it’s also fine. AS LONG that this baseline price and the ability to convert v1 to v2 will be open in a fair way for EVERYONE!

And if the decision will include special rules, like a staking period when converting v1 to v2, to prevent dumpers from hurting the v2 price, it’s fine as well, as long that those rules will apply to EVERYONE including the team and funders equally. even voting to reverse all transactions from any specific date can be welcome, as long that no one playing God, and cherry-picking what to accept and what not.

NO ONE will get better terms over others. we are ALL on the same boat, now it’s up to us if you want that boat to survive or die due to the wrong decisions

[HelloThere]

Well said

[MagicalTux]

Totally Agree

[thesilentkill93]

i hope so… lost over a million here

[Magelanas]

Agree with exception - all EQUAL before UST depeg.

[Hatchiko]

A fair distribution of new LunaV2 to all Lunatics. We must stop saving the old chain. We need to fundamentally build a new chain. We also need to be the true Luna supporters who support the ecosystem until the end.

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

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

[paul_si]

Will you burn the newly minted tokens, or any of them>?

[pashok75]

Well said…

[Neal]

They are going to give it a red hot go …

[imoc2]

All stakers are got short by the attacker and the value is ALREADY LOST/ROBBED. Any proposal that want to snapshot before attack is basically wants to MIGRATE ALL THEIR RISK/LOSS to the rest of the ecosystem that kind of BS. All their tokens got dilluted, and it’s nobody’s fault(attacker is malicious though), it’s how the system is designed, and yes, now it’s proven to be FLAWED. And now they want its value back, if that’s not INSIDIOUS AF I don’t know what is. Currently almost all % of LUNA is held by people who buys UST(basically saving it) and burnt it for LUNA. Hopefully you don’t want to hear that because you’re the one of them had invest way too much you can’t afford to lose without understand the RISK.

[Masqarade]

give the amount of moon v2 to the amount of money invested in moon v1
let’s say I transfer 1000 usdt to luna v1 regardless of the time. I have to get 1000 usdt luna v2

[Mocrypt]

I agree, its unfair!

[daljeet_singh]

I totally agree, Terra must set a base price and airdropped to all holders of Luna at specific base price like 0.1 USD or 1 USD, It will cover all Luna Holders.

The same is to be done for UST holders at 1 USD.( Condition is to hold till network launch, snapshots should be taken every day from announcement date to network launch.

For UST, It must provide UST to all Holders( If new UST is created) else community need to wait for UST price to peg to 1 Dollar

[RohitGold]

i think that will be appropriate

[paul_si]

but there’s the problem of newly bought tokens so that might not work straight out,. they have to fork it probably and snapshot before the attack, reward post attack buyers on ratio maybe, idk, but i do feel sure about one thing,. continual minting is just a waste of time and money,. it wont save ust peg, just destroy luna,. and then in turn Ust

[i_am_here]

Guys what will happen to user balances on binance? Will there be a snapshot prior to the attack so our balances can be reverted in time? If it forks to LUNA v2 what would be the rate of conversion of my LUNA tokens to LUNA v2? If I bought LUNA on binance at the time of the attack will I get my money back with this fork?

[i_am_here]

What would be the ratio?

Im not sure how you propose to reward the post attack buyers.

What happens to those having bought billions of LUNA?

I really do not need any gain on LUNA I bought yesterday.

I just want to get my account balance reverted to 05/10/2022. Would that be possible?

[Magelanas]

My 12k UST on binance just now become Zero worth. Couple minutes ago its still was 1500 USD
Binance just “switched” off UST.

[i_am_here]

Its worth is already irrelevant. Supply has run amok, they would need to hard fork it and then work with the exchanges to at least revert our account balances back to 05.09

[Fundraiser00345]

That’s a good solution. Terra needs a strong community and for that they need to include everyone. Exclusions will only make then weaker in this already bad situation.