Lets get to work guys, we have a vote to pass! Go into the proposal and email vaidators who have not voted yet.
3 Likes
3 days left things need to happen now or this doesnt go anywhere
1 Like
Any news article stating this?
Source?
I think most validators wouldn’t even vote because DK control them
Its good…that shows binances disapproval trying to get ppl to jump ship
They are trying to get Terra devs but it doesnt means to work in Luna. They want to work in BNB chain
1 Like
Burning Mechanism
Luna_buy_allowed = False
Luna_sell_allowed = False
if purchase_time_total_supply <= 400M:
countinue
elif purchase_time_total_supply <= 1B:
burn = Luna_bought_at_this_range_and_still_holding * 0.1
elif purchase_time_total_supply <= 3B:
burn = Luna_bought_at_this_range_and_still_holding * 0.2
elif purchase_time_total_supply <= 9B:
burn = Luna_bought_at_this_range_and_still_holding * 0.3
elif purchase_time_total_supply <= 27B:
burn = Luna_bought_at_this_range_and_still_holding * 0.4
elif purchase_time_total_supply <= 81B:
burn = Luna_bought_at_this_range_and_still_holding * 0.5
elif purchase_time_total_supply <= 343B:
burn = Luna_bought_at_this_range_and_still_holding * 0.6
elif purchase_time_total_supply <= 1T:
burn = Luna_bought_at_this_range_and_still_holding * 0.7
elif purchase_time_total_supply <= 3T:
burn = Luna_bought_at_this_range_and_still_holding * 0.8
else:
burn = Luna_bought_at_this_range_and_still_holding * 0.9
Need to adjust the price of Luna based on how much left.
adjusted_price_after_burns = 1/remaining_Luna_percentage * Luna_price_before_burning
This is exit Liquidity for ALL Luna holders
Luna_buy_allowed = False
Luna_sell_allowed = True
while Terra_has_money and Kwon_has money:
Kwon_buys_Luna = True
Terra_buys_Luna = True
At this point entire Terra reserve used to buy Luna
if Terra_has_Luna:
burn = Terras_entire_Luna_portfolio * 1
elif Kwon_has_Luna:
burn = Kwons_entire_Luna_portfolio * 1
else: continue
Luna transaction continues
Luna_buy_allowed = True
Luna_sell_allowed = True
#This is not literal code but explains steps clearly imo
#Numbers are for example
#Change each Luna with UST for UST solution
#Could be detailed more to make more fair
#Current form would immediately burn ~ 5.5 Trillion Luna, ~ %85 of current supply
#Kwon and other responsible people are punished
#Remaining damage is shared between Luna holders
#UST Luna relation fixed mean time and and no new minting is allowed.Ever.
While forking is a terrible idea only saving Kwon and his friends, burn tax has some issues as well. If there is a burning tax this means Luna price will only go up. This would discourage people to sell thus limiting burning capacity. Also people bought 1Bn Luna at 0.0001 would be extremely rich if price ever gets to $1, 0.1 or even 0.01. While i have nothing against people getting rich, this is at the expense of others. So my proposal is burning Luna at different levels. This way we can prevent new whales forming and Luna is hold evenlier and fairer by the people out there. Therefore creating more democratic place for community.
1 Like
please link source.
Not credible information
They don’t even have source
It could just be speculation. Don’t you have a citizen in Korea? explain the situation.
always better with source, so ppl dont spread fud or fomo
1 Like
We don’t want them to buy and burns. Reserve them will not even be enough, and it would be the same error in fact as buying it took everything as it was done and allowed the biggest to go out quietly.
The burn would be done in extrem on a tax that will decrease in time / number of token and above all to create values by the eco system.
Everyone let’s reach out validators
Can you post it on the PART II thread ?
i think is fake
Just someone trying to pump
1 Like