~Have you been smoking something this is a shocking proposal
6 Likes
Glad this proposal takes into account pre-depeg Luna holders, other proposals have actively ignored this group, which has been disappointing. I for one will be voting in favour of this proposal.
1 Like
This is a step in the right direction and a better plan than the previous one which was a shot from the hip.
Still needs more consideration for the current UST holders imo, because these are people who signed up for a stablecoin and are about to receive a very unstable coin in return, theyll be taking on risk that they did not bargain for.
If I were you, Iād listen to the common idea what Fatman, Vitalik and CZ have said and proposed. Save the small holder, the believers in crypto, the ones using their life savings to see if crypto can save them from the harsh realities of today. Rewarding the people still buying LUNA and the people who bought after the UST depeg crisis are truly the only ones who can restore back confidence, not the community. Because thats what crypto is and what makes crypto an exit towards freedom. Bro, if you do end up reading my comment do remember karma is a bad vibe, save the people and your past will be history and you will be the savior of crypto and its future!
7 Likes
Does this include current ERC-20 wrapped UST holders with their holdings of wrapped UST on the Ethereum side of the bridge?
1 Like
What will happen with people that held luna-bluna LPs on autocompounders like spectrum protocol? Will they also be airdropped? And also will bluna will included or will only half of the value of LP before the crash (luna value) be used? So a question about lp, bluna and autocompounding.
Thanks
New tokens will not have any value, because fully community driven project is not interesting for investors. Who will buy new Luna after everything, what happened with old one? And second, how you willing to distribute Luna for UST holders, if someone right now can buy UST for 0,1$, but most of holders bought UST for 1$? For example, someone buying 10 000 UST for 1000$ right now and will get the same amount of Luna as those one, who bought 10 000 UST for 10 000$. All that doesnāt have any sense.
6 Likes
This is not acceptable since you ignore USTs in other chains. I had a lot of UST in Polygon chain.
3 Likes
YOU SHOULD GIVE BACK TO PEOPLE THAT HELD UST ON MAY 7 AND DAYS BEFORE. please
3 Likes
hes still ignoring the community is INSANE we dont WANT NO FORK !
7 Likes
Donāt. Fork. The. Chainā¦.
Burn. Current. Tokens!
Seriously nobody wants the fork.
6 Likes
Did you saw something like āprotect your depositā in Anchora in the Earn section?
Last ā25% UST holdersā one should be changed to "FatManās plan"
- 10% - Luna holders (staking derivatives included) at the āLaunchā snapshot - 10% unlocked at genesis, 90% vested over 2 years thereafter
- 25% - UST holders at the āLaunchā snapshot - 10% unlocked at genesis, rest vested over 2 years thereafter
4 Likes
Luna has extremely strong foundations with so many exciting and innovative developments. Forking the project is not the solution, itās possible to save luna via minting cap and a burn of supply (many ideas of how to do this exist), this project can continue to be great. Imagine the power in taking this failure and not only fixing the fundamentals, ensuring this can never happen again. This is the future of Terra, save Luna, ensure this event can never happen again and watch how this project continues to grow. We have a great opportunity here, huge trading volume, widespread news coverage and the most passionate community. Save Luna.
1 Like
I vote against the creation of a new currency. have to solve the current currency problem. which will guarantee that luna 2.0 will go up and everyone who has been harmed will not simply take their profit and then withdraw their funds and luna 2.0 will end up zero again. another point is the brokers she will want to list luna 2. 
3 Likes
if you decouple Luna from UST, burn the supply, remove minting and make it public domain as a community coin then Luna can become Bitcoins Queen
6 Likes
- UST holders who are holding previous to attack and did not still sell yet are the only ones who should be given any preferential treatment / compensation. They are true supporters and truly impacted by what happened
- UST holders who dumped the coin in panic also contributed to downward spiral so they do not deserve any preferential treatment / compensation. It was their choice and they did what they thought to be the right at that time
- Unfortunately, Luna holders invested in risky asset and need to accept profit/loss so they do not deserve any preferential treatment / compensation either
Given above I would strongly propose below instead of new fork and unfair distribution in your proposal,
- Publicly provide account of 80000 BTC so trust is regained
- De-link UST from Luna. Let go UST.
- UST holders who are holding previous to attack and did not still sell yet, they should be airdropped equivalent Lunas at current price and assuming full UST value to make them whole. Essentially they get Luna instead of UST for full $value (e.g. 100 UST = 100 USD worth of Luna at current price)
- Other UST holders who bought back after the attack, they should be airdropped equivalent Lunas at current price and latest trading price of UST. Essentially they will also get Luna instead of UST for their current $value (e.g. 100 UST = 10 USD worth of Luna at current price assuming UST value is 0.1)
- Luna holders who are holding previous to attack and did not still sell yet, they should be airdropped additional Luna as courtesy gesture
- Implement deflationary mechanism for Luna to reduce the supply over time and let the market decide how it moves going forward
13 Likes
Iām agree.
Given the circumstances, I think itās a fair deal for everyone.
2 Likes
100% agree, they act like they didnt even know how the system they built works, and now this new chain, fishy as fk, looks like all of this was planned
1 Like
Wouldnt it make sense to cap total supply at 1B this time?