Your exchange wallet address is on the Terra blockchain. So, that address will be included in any compensation. Work with your exchange if necessary to be able to access this.
Fork? lol. Just because the UI is good and there are dapps iād rather use other chain instead this. Do whatever you want, iāll take my airdrop and sell it right away as I really donāt wanna hear the names āTerraā and āDo Kwonā again in my life. I hope you leave crypto for good. You ruined many peopleās life.
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All my 100.000 subscribers against creation Luna 2.0 We will contradict this at any cost, we will spread the whole truth about you to all social networks, that no one else will invest a single cent in your project!!!
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Holy shit this new fork is going to get shorted to oblivion on launch lol
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This sounds like you getting away with the first rĆ¼g pull and trying to get your investors to fall for a second one. Read Fatmanās proposal, refund people who are still and have been staking UST on Anchor in USDC.
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Dear Do Kwon,
With your current plan few early well informed ressourcefull people / entity win double; many less informed, not so ressourcefull, not professional lose bad time. Cherry on the cake you do not pay a penny from your pocket.
How do you make it fair between these two (probably totally fictionnal and absolutely not plausible cases, I mean like at all, not possible at all):
Mister A owns above 1M LUNA token, above 1M UST prior to 2022.05.07 23:00:04, is well informed, probably can afford well designed bots to at least damage control in most situations.
This mister A sells his UST (or probably his advisors / bots) for an actual stable coin or even BTC on 2022.05.10 when it somehow get closer to peg (around 0.9$).
Mister A also sells his LUNA on the same date at 30$ (which is fine he is a well advised trador he already took his profits)
Same Mister A being the well informed person that he is, is fully aware of the over 6 trillions LUNA about to hit the market on 2022.05.13 and thus know price of LUNA will go to oblivion. Thus wait a bit and get huge bags of it once it hits the ground.
Just for the sake of it he also fill his bags with UST worth 20% of its price (probably his counsellors are not as smart as they think as it will tank even more).
With your plan on the new TERRA he will get back his bags prior to āattackā plus get a nice extra from the huge bags he got after crash thx to the money he got by selling all early enough not to get damaged.
Mister B owns around 10k$ worth divided in 8k$ of UST and 2k$ worth of LUNA prior to 2022.05.07 23:00:04.
Mister B is pretty confident such a blockchain can not fall into oblivion, LUNA is a speculative, but hey cmon such a jugernhaut can not fall to 0. Plus UST is meant to be stable, if LUNA price falls enough people will run on it (there probably even are well thought mechanism for it)
Not that smart Mister B think he could make a good move and sells his LUNA on the 2022.05.11 at around 17$ (hey it is a risky assets! lets try speculation too! i will buy it cheaper as this is what will keep the UST stable). Buys back at 0.015$ (whoooohhoooo he thinks there is no way it goes lower, as it guarantees the stability of UST, on one of the biggest blockchain there is, with backup plans, reserve and all).
Mister B trust the TERRA blockchain, UST will repeg there is no reason it will not this is a stable coin.
LUNA hit the bottom as 6Trillions flood the market. OMG, the LUNA are now worth nothing. Mister B needs to save something! Thus he sells his UST this is his last hope, so he is now left with 800$ USD, he learned his lesson he will not get into crypto any time soon, or maybe jsut BTC.
In your new TERRA he will get close to nothing, plus this close to nothing will be locked for quite a whileā¦
I wonder what in this world (of course fictionnal, of course in no way it could ever happen, there are no chances what so ever such a thing happend) you with all your human decency and money will do to make things fair.
I believe there are no chances you will find a get away that would make you and the well informed whole or even in a better situation, and little Mister B ruined. Even if it would cost you personnal assets you would find a maybe long and slow solution that would in the end make Mister B at least as well treated than Mister A.
I wish you a good day
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A lot of people are suggesting that forking is not a solution and burn the coins but they fail to suggest how is it possible when new Luna traders have bought millions of coins. They will not sell it so how the actual number can be brought back to a billion or less.
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Your proposal is great.
I have one question for you.
If you abandon the luna which you will call Luna classic by starting a new luna.
What makes you think that people will not think that you will not abandon the new luna in years ahead and start another one v3 luna?
Revive and correct what ever is the issue with the present one and continue with UST/luna.
if you start this new luna project, that is telling me that you canāt be trusted and i will not invest a cent of my money on your new project even if luna is selling for $1 million dollars because tomorrow history may repeat itself again and you will abandon it again as you are proposing to do now.
If you save this present one, you did not only teach the world that Luna can stand the toughest condition but also many people will believe, trust and invest in your project.
2 Likes
Asking same question. Seems to me that UST holders are being sacrifized here
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The truth is that, no matter what, in the face of all this, whatever comes out of DkWn will be frowned upon, unwelcome, insecure and historically prone to disaster. This is what weighs the most for the entire community, and the entire crypto universe.
We need an algostable. It wonāt be easy. Why give up after learning so much? Failure is part of the journey. Is this a solution:
-
A 5% tax on all Luna transactions: If 1 billion USD of Luna are traded daily (CMC has it currently at 3 billion USD/daily), that would generate 50,000,000 USD/day for burning and to re-establish the peg in a few weeks/months. Just mentioning a burn would create enough hype to drive volume up.
-
New governance structure and stability measures based on lessons learned from a detailed post mortem.
No need to divide the community. It could work!
4 Likes
So to get this right cause my brain is small ><
Out of the 1B LUNA (2.0) that will enter circulation at launch, 10% of it (100M) will go to LUNAC holders at launch snapshot, and 10% of each holders LUNAC total will be air-dopped as LUNA.
So if I understand this correctly:
The 10% of 6.9T circulation of LUNAC will be shrunk and distributed over 100M at genesis
Assuming that at the launch snapshot (27.05.2022) someone has 100,000 LUNAC they will be airdropped 1.447726 LUNA coins?
10% of LUNA total circulation = 6907376873283 * 0.1 = 690737687328.3
10% of 100,000 LUNAC = 100000 * 0.1 = 10000 = 10^4
100,000,000 = 10^8
Air-dopped LUNA = (10^4*10^8)/690737687328.3 = 1.44772757929
So 10000 LUNAC @ $0.0001933 as of 17.05.2022 2200GMT is valued $1.933 thus if LUNA is valued at $1 at launch their 10% air-dropped LUNA will be valued $1.4.
It is not bad but it heavily relies on LUNA being valued over 1USDT
Most of the people complaining about the revival plan 2/the fork are just people trying to make money out of the crash.
Why would LFG buy luna and burn? There is so much people who bought Luna when the price was so low and sitting on thousands of Luna now.
I held my Luna during the whole crisis around 300 Luna, worth of 28K usd before the de-peg.
300 Luna would be nothing in the future if LFG buys and burn.
Alot of people got out with their UST, thats why it crashed. They sold it and basicly crashed it.
3 Likes
reserve this place
all Terra station wallets that had LUNA and UST will be compensated and LUNC will go directly to the wallet?
I donāt think it is fair to ignore UST holders before the de-peg event. UST holders were the ones that put real dollars to generate a base for supporting the ecosystem. Mainly the ones holding in anchor, they were the faithful supporters and with this proposal, they are left behind.
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I support this direction.
Is there anything LUNA (or UST) holders need to do on our end to receive the new distribution of tokens? Specifically if we are holding on a platform like WealthSimpleCrypto where there is a custodian involved.
I want to thank you and your team for your continued hard work and dedication to this cause during a crisis like this. To me, investing in LUNA was always about believing in the ideas, vision and mission of the Terra team, along with all the amazing projects and developments being made. Terra has the potential to empower billions of people to participate in a global economy and vision, and I truly believe that the true #LUNAtics will rally together to build $LUNA back up from the ashes. I also am very pleased that we are focusing on upholding the integrity of decentralization, I feel for all those who sold during the de-peg but that is a fundamental rule of crypto and those who hold should be rewarded for their continued support.
We are all in this together! 
My understanding is as follows:
Let say you order now 100M of Luna
After fork supply be 1 000 000 000.(1B)
Current supply is 6500B, so I think it will be:
100 000 000/ 6500= 15384 Luna
Then you will get 10%which ia 153,84 but
10%of 153,84 now and rest after 2 years
This is bullshit.
1 Like
I agree with the first half of what you are saying, but I think a snapshot at the time of this post/announcement would be a good middle ground. There were a lot of people trying to help stabilize during and right after. They should be included imo. But yes, after this announcement you are pretty much only going to get a dilution of the airdrop.
Iāve been working professionaly in the arena of Token Engineering, assiting with some cutting edge tokenomics and DAO structures, please give this a read!
I think itās pretty clear very few people support your proposal, just looking at the likes and the replies. You need to stop trying to fire up a new network, nobody will trust your new endeavour after this.
Fix the existing network and bring the UST back to peg
I have outlined 3 steps to get back on track in this post
- Restore UST to Peg
- Decouple the Elastic Supply Mechanism
- Mint a reputation token for Heroes, those who support the Terra comeback!
Just give this proposal a look over, we can make this happen with some easy mechanics!
4 Likes