[Proposal] 8 Steps to Save Luna Now - Economic Refactoring Proposal From Industry Professionals

Insist on whatever “LUNA Classic” plan there is to retain the “LUNA” brand and all exchange listings. Usually the fork of a project needs to select a new chain ID and new name and NOT the other way around. They can’t force you to rename the old chain, as that would be a fork on its own as well.

The exchange listings are a significant asset that are part of the key to the recovery. A listing is not trivial to secure.

Whereas if the project gets forked, there may be cannibalization between the two brands and exchanges may be more likely to stick with the original LUNA brand which, as far as I understood will be the new fork.

Considering the high probability for a fork to occur, I’d recomment:

  • Retain LUNA brand → insist on reaching out to the public and to the exchanges
  • Retain listings and trading infrastructure
  • Gain control on all strategic brand assets - website, CMC, CG listings etc
  • Elect a new executive board that represents the community
  • Dilute the people in charge who led to the disaster and restructure the token economy
  • Onboard institutional partners to back the project in place of above
  • Economic restructuring plan execution (crowdsourced best ideas from community)
  • Migration of all key applications and strong focus on development and engineering
7 Likes