Revival Plan V2 Preliminary Vote

This whole ideas is astonished :muscle:

My personal preference is burn not forking.

It is difficult to establish a new Terra Community if the current Luna Community had been abandoned.

However there is only so much that LGF could burn.

My suggestion would be to crowdfund the burning, Each member of the community can decide how many Luna to contribute.

However having to say that, LGF must also try to match the contribution in a ratio that they are comfortable in.

Also finally limit the number of Luna supply that is floating around. The supply need to be reduced by at least 50% or more.

14 Likes

Burn, no fork, listen !

15 Likes

Burn is obligatory.

Fork should be optional for those who wan’t to be part of the new ecosystem.

5 Likes

No fork, yes burn!

13 Likes

Burn to reduce supply. Absolutely NO FORK. Listen to the community and heed CZ’s advice.

21 Likes

No!

The community clearly does not want a fork.

Proposal:
A Luna Recovery Token (LRT) token is airdropped to all luna holders at the time of the depeg, tokens are minted over 1000 blocks and distributed first to wallets up to largest.

A five percent transaction fee is added to every luna transaction, the fee goes to a repayment contract.

The contract pays 40% of fees to holders of LRT $81 (the price of luna at the time of depeg) repayment is prioritized by the block number token was minted in, earliest blocks to smallest holders. Once redeemed those luna plus LRT tokens are burned.

30% of fees go to buyback of UST at 1:1. UST is burned on buy back.

10% goes to a development fund for builders on Luna to be distributed by the community.

20% goes to buy back and burn Luna at lowest market prices until luna is back at 90 million market cap (same as time of depeg)

After above is accomplished, fee is dropped or redistributed as voting community decides.

18 Likes

No fork!!!

6 Likes

We absolutely agree that a fork would be severely damaging. We can save the current luna token if they would just listen to what the masses want. burn the token!!!

9 Likes

Have you had software that needed a bug fix yet they charge 99$ for a v 2.0 that includes the bug fix you need? That’s what a fork feels like :joy: :joy:

2 Likes

Please NO FORK!

6 Likes

Okay bro how do you propose to burn 90% of the tokens?

The thing is he is incetivising validators with % allocation and their votes matter a lot so doent matter what community wabts he will do as he pleases

Do not escape from your responsibilities DK.
the only thing you have to do is that restore LUNA and UST.
At this moment, you are just conman and we do not want such a scam token which is made by conman.

Poll is rigged. No way out of 420 votes 91% voted YES.

1 Like

check posts on whole forum lol, check twitter comments/posts, community doesn’t want fork

1 Like

Dropping a comment for visibility

No Fork!!!

3 Likes

No fork… Only way terra stay alive is by burning. If shiba planning to burn such a huge supply then why not terra. Donot ignore community. You destroyed so many lives already. Here is an opportunity for do to learn from mistake and make things right for all investor.

6 Likes

So if they pass the revival plan tomorrow.There will be no doubt that they betray the community.

3 Likes