Hi Luna Community,
Looking at the proposal vote, I guess it is safe to say that Luna 2.0 will be launched. Whether the votes are rigged, we will never know. Same reason that we will never know what really happened to LUNA / UST.
But over the last week, I have been gathering information from many sources. This is what I know.
One of the reasons why many people have voted for Luna 2.0 is because they lost alot of money. So voting YES, is the only hope of getting “Some money” back.
However, luna buyers have to be realistic when reading the proposal. You will only be able to get a small fraction of the money you lost. There is no way you can recover the money you have lost if you purchased Luna at a high price.
3.Many people will be disappointed. Although you voted yes, many users will not qualify for the airdrop. Example, Luna coins not in the wallet, they sold the coins away etc .
4.There is a reason why the proposal does not contain any technical specifics or calculator. A tool that you can gauge how much new luna coin you will be getting. Right now, everything is all very vague. High level % are mentioned but the main question is, do you qualify to be inside the %?
The idea from the team is to push the proposal out as soon as possible. If they were to inform you the exact coins you will be getting, everyone will be rejecting the proposal. This is why they even had to made revisions along the way. "Embracing “agile project management”
Once users are aware of the coins they will be getting (Maybe on the day itself), there will be a backlash. However, there is nothing you can do then because the community has voted. This is why Terra team is pushing for this proposal to go through.
These are my predictions:
Luna 2.0 will not be smooth sailing. New investors will be risk adverse to LUNA and the team creating it. After this incident, see how the luna team communicates to the public? It was a PR disaster. Everyone was kept unaware except for a few tweets here and there. It has been 1 week already. Surely, an organisation that used to hold billions of dollars can hire a PR team to effectively communicate to the respective stakeholders?
Many users will feel cheated that they have voted for Luna 2.0 and not receive the amount of coins (if any) they had hoped for. Prices will not go up fast because 1) Luna team has gained bad reputation for managing this crisis. 2) No one is going to put their life savings into luna 2.0 anymore. 2) Your Luna foundation is as good as bankrupt.
In the near future, luna classic will fall and slowly rise up , just like how a meme coin trends. However, I do believe that the trend will be upwards but it will be slowly. Perhaps end of year or early next year, we can hit 0.0005. However, do not expect it to hit 0.01 or 0.1 unless burning of luna coins are done. Burning is also not possible unless there are investors who are willing to pool in funds to save Luna.
These are my predictions and thoughts. Do share yours