Terra Ecosystem Revival Plan 2 [PASSED GOV]

[marcos_vinicius]

Considering the large number of people who want LunC and UST to be saved. And considering that DK is not implementing everyone’s wish.

We have a proposal to save LunC and UST under the direction of a new governance. With a new manager with experience in the subject.

It’s a solid proposition, which Binance and other partners will participate. It will involve large initial token burn.

Please Lunatics read the proposal and offer support and suggestions.

New UST/LUNAC Revival plan & Leadership Bid

Updated May 21ST About me: Known as DeathStarDaddy Real Name Jonathan Fry I have had my hands in Crypto pretty much since the beginning. Over the last decade I have written blogs, ran forums, and been fairly accurately predicted Bitcoin’s movement ofer nearly a decade. Outside Crypto I have a background in Tech, Marketing, and finances. I have managed companies and helped implement new technology into the transportation industry. I also had a crash coarse in trading literally. after investi…

[seymour_skinner]

It’s a new chain with new allocations… the old chain will still exist, you will still have exactly 10k luna coins on the existing chain… what you will have on the new chain - who even knows.

[coin]

TRUST - Once this is broken, nobody will be investing in Crypto!

[CaptainJPA]

What is the action we ust holders must do to have some place in the new ecosistém?

[CellarDoor]

Because Terra is not really a de-decentralised blockchain. Do wanted this fork and this fork is going to do, the opinion of the community does not care at all.

[BasedDeptGeneral]

then vote no… NOT voting likely means it passes

[Cryptographur]

Have we received confirmation that Deposits in Pylon Gateway are included in pre-attack aUST holdings?

[rosanne89]

Yes, your new tokens will be automatically staked., so you will need to unbond/unstake those when they are unlocked. But again, this does not have anything to do with your current tokens.

[Peter1]

Where are we at currently with this proposal, is there any news? Is the plan still to only have one snapshot after hacking, not taking account the difference of supply or network halt? Thank you

[abc1]

@rosanne89 I have recently moved luna bought from Pancakeswap+trustwallet to my Exodus wallet via bridge. How and where will I receive my airdrop?

[busundi]

Yeah they are ignoring people who purchased Luna on May 12th and 13th were the marketcap was down to 3 orders of magnitude lower circulating supply and therefore these buyers should not be grouped into the category with the present 6.5 trillion marketcap. Otherwise they get recked.

This amendment

Terra Ecosystem Revival Plan 2 Amendment Proposal

Summary Redistribute Luna V2 to holders before halt on 5/12 based on circulating supply at the time to ensure they receive a fair share of tokens. Motivation The current Terra Ecosystem Revival Plan 2 needs a major amendment. The people who bought in 5/12 purchased the token when the market cap was a few billion. They did not make purchases in the sub-penny land, but still when when it was valued at $0.01 - $0.30. This is about 3 orders of magnitude higher price than the current price of $0.0…

is needed.

My present efforts to get feedback from DK have been completely ignored. Support this tweet by retweeting and liking:

busundi

busundi

busundi

Please support this amendment and implement. Void previous vote and restart the voting process with this amendment included.

Terra Ecosystem Revival Plan 2 Amendment Proposal

I agree we should stop the process and restart the voting procedure all over. This amendment MUST be added in.

[Crypto_Mugen]

Following terra proposals have been overwhelming to say the least. Can anyone tell me if my understanding is correct?

If I had aUST/UST in my Terra wallet on day of snapshot, 2022.05.07, but later moved to exchange, will I still be counted as Pre-attack aUST holder?

For Pre-attack LUNA, this counts even if they’re staked with validators correct?

Doesn’t seem to for Post-attack UST holders to be getting more than Pre-attack holders though.

Hope we’ll have the most equitable proposal move forward. I just want to get out of this nightmare.

[rknkr]

solves nothing… adds more speculation

[rosanne89]

Not sure on specifics yet… as long as it is native Luna (I see you used the bridge) you are set for now

[jay404]

Will I get the airdrop if I purchased all my tokens at Voyager exchange app?

[G96Capital]

There must be a transparent and full audit of LFG before any fork takes place. We need to see exactly where all the reserves went while trying to defend the peg. The majority of the community don’t want a fork, but it looks like it will happen anyway. Right now it seems as though Do Kwon is abandoning the LUNA Classic community and taking what is left of their money with him.

Why is LUNA Classic being kept alive? There hasn’t been a single word about what its purpose will be after the fork, or who will run it. Why allow it to be continually traded if it has no future? After wiping out literally billions of dollars is it really fair to allow people to lose even more money (old timer LUNA holders who have averaged down after the crash for example)

In summary:

- Where did the reserves go and when?

- What is the plan for LUNA Classic post fork?

- Who will have control over LUNA Classic post fork?

[AFB_MD]

Call me a cynic (because I am) or paranoic, but I don’t understand how pushing this “revival plan” now is anything but a confirmation for those (of us) who think this so-called “attack” was no such thing but rather a strategic move from big whales in the ecosystem to simply get richer. I think there’s some stuff that should be addressed before instead…

1. In relation to the attack: Who was the attacker? When exactly did it happen? Can the funds involved in the attack be traced to any wallets today? Will the attacker/s be profiting from the forking and airdrops?
2. In relation to security and trust: How will the new chain prevent a new attack or some other form of market manipulation? How is the strategy of pushing the entire mess under the carpet and hiding it with a new chain going to create trust in current and future investors?
3. In relation to TFL higher-ups and their role during the crash: Can you show us your account balances to see if you guys are o are not madly profiting from this entire thing? Why aren’t you making public EVERYTHING that’s been discussed right now and where did this revival plan come from? How come there’s so much perceived rejection for the new chain on social media and the Agora but the voting is still going strong in favor of the forking?
4. Miscellaneous: Why is the airdrop calculated that way and not in terms of % of the total LUNA and UST amounts owned before, during, and after the attack, adjusted for their value? That way you still get what you were willing to risk during and after the attack and if you owned anything before the collapse, you restore your value in the new system

[venusrose]

1. some info about that in my thread here
   Why not focus on the exploiters and lock the funds they stole?

2. in theory becuase there will not be any UST anymore and the badly designed algo, attack via hyperinflating the governance token through the swap algo will not be possible

3. i guess u know how blockchain works. official wallets can be empty, but no one can know who are real owners of annonymous wallets (well except exchanges who received deposits from them and have kyc the customer)

4. calculate how much $ cost each of the allocations in the airdrop is. best deal is finalsnapshot ust then final snapshot luna. i’m sure you can infer other things from that

[circlell]

i had over 30k UST staking in binance before depeg, but Binance told me that staking UST in binance cant receive any refund even LFG can refund to small holders. it is ridiculous.

[Noahclay82]

Bro can’t you see people are literally burning there own money to save this why can’t you just listen to us