I look at LUNA and UST prices in the hour after Do Kwon made his Twitter Tweet, and now (17 May 2022 3:27pm Singapore Time).
LUNA and UST prices actually fell immediately after his tweet.
They have not risen.
LUNA is $0.00018192
UST is $0.0987
The real market has spoken.
There was time for anyone who believes in Terra Ecosystem Revivial Plan 2 to buy those tokens. The Plan 2 was based on holdings at Launch. However, there was no significant buy activity. On the contrary, the token prices fell. There is no support from the real market.
Speculators can only buy or sell. They are not buying. The new LUNA token does not exist yet. They cannot sell. There is real risk it will be sold down on release.
I think this is a bad joke.
35% to all LUNA holders before the depeg and only 25% to ALL UST holders at the launch? (So, there is no difference between people who bought UST at 1$ and staked them on Anchor and people who bought UST at 0.1 or 0.05 dollars just for speculation.
Letās think what caused the depeg:
When UST started to Depeg, if nobody would have sell their UST, the depeg could have been been controlled.
In my opinion, the highest priority would be to give more to people who did not touched the UST/LUNA during these events.
But, you say something like: fuck those who were stupid and poor and did not sold their UST when they saw that depegging was started. We will airdrop to everyone who is holding UST, even if some of them invested 5000 for 5000 coins, and some of them invested 500 dollars for 5000 coins.
Are you fucking kidding?
At least you should have a separate category like for LUNA. the holders which did not move any UST during the event should receive 20% and 5% should be received by all others UST holders. Because the holders with UST invested before the depeg invested 10x more than the others.
i think UST holders shoud have a bigger weight in this proposal.
They had a least risk position compared to luna holders and so they deserve a bigger compensation.
I think that the immutability of blockchain should be preserved and so the snapshot should be taken only in the future for both Luna and UST holders.
This could give to all a chance to sell their bags at market prices.
I bought it for 24 dollars. I bought it for 12 cents from 7 dollars to 1 dollar to reduce the cost, now that what I bought was not before May 7, it will be garbage, isnāt it ridiculous???
Hello, Iām new, and yes another one
I would have a question.
I own 500k luna on the ftx platform that I have accrued all the way down since 5/11 (luna was still $1-2).
Should I transfer them to my terra station wallet for the snapshot? Thank you in advance for your answers.
Imho, this plan is going in the right direction but needs some adjustments.
As we (almost all) agree that #TerraIsMoreThanUST, I will talk about a subject that matters to me: NFTs. Please read these few lines as a cry from the heart
NFT platforms will receive dev funds, which is relevant, but letās not forget the NFT projects that try to go beyond simple jpgs (which I like a lot too, but thatās not the point) and which require development funds.
Iām thinking of 2 projects in particular:
Defenders (dystopai io): Defenders follows dystopAI, created by a talented team that puts AI at the service of art and always pushes the subject further. Metaverse, augmented reality, AI, etc. take a look at their Medium to understand the huge potential
Orne (orne io): The CEO, Luc, had a great idea: tokenize forests. By buying NFTs from Orne, you allow the team to buy sustainably managed forests, then you benefit from their ecological exploitation in proportion to the number of NFTs (NFTrees ;)) you hold. Finally an NFT project rooted in reality that makes sense!
Iām probably forgetting qualitative NFT projects. Feel free to complete, dear Terrans, but the point is that NFT platforms without great projects wonāt be very usefull.
Some original NFT projects have it in their pants, have not announced they want to migrate and are therefore worth supporting!
I didnt knew there is an attack or any such thing. I bought luna at 30 USD on 10th may. Why wouldnt i be compensated and i bought through exchange. The solution is not fair. Even if you want to create a new chain decide the price point based on market value and fork it from there.
Exactly well said.
I lost $20000, not millions but still an amount of money.
When Luna collapsed, I tried to trade at the bottom, trying to get at least something back from my loss.
I sold and I bought a couple of times and I manage to get back 2000$
Now what? Iām out of Luna Classic story because I tried to save my assā¦ While was no communication from Lunaās side?
There is no need to create a new chain from my point of view!
Make changes to the current chain!
Create a new token and connect to the Luna and UST chains!
In the first step, airdrop a significant amount of Luna and lock the airdrops for 1 year!
In the second step, offer a new token added to the chain!
The pattern should be such that printing a new token causes Luna and UST to burn at the same time!
Not sure if I understand you correctly but my take is that (LUNA) token holders understand the market volatility risks. A stablecoin on the other hand is supposed to always keep its value and is therefor considered āsafeā. I think both LUNA and UST holders must be compensated royally, meaning very close to full if not full, but in my opinion a stronger emphasis on -each and every- UST holder, and particularly the pre-peg holders as they had so much conviction in the strenght of the project, including leadership.
@dokwon Hereās a message that you probably wonāt read: seems to me that you want to rise up from the ashes swiftly with as minimal damage as possible. Facing the backlash I also think I understand it is all quite the nightmare, whether you have or have not played this whole game clean. You still have the chance to be a decent responsible person and do first things first, which right now is not the future of LUNA but the invested community who made you who you are in blockchain. You must do everything in your power to make it right for all those believers/backers who took every type of financial loss. This is the right way to live and to go forward. Work and work hard to regain worthiness. This should be your focus.
Reallocate 25% UST to Pre-Attack and Launch Snapshots.
For the 25% UST allocation, I propose allocating some percentage to āPre-attackā and the rest for āLaunchā. For LUNA it was 35% pre and 10% launch so using similar ratios and assuming that launch is the larger allocation, the proposal would be:
6% UST pre-attack
19% UST at Launch
This would compensate people who had UST pre-attack and lost out with the de-peg.
