We can’t let this happen, He gonna scam us again! SO there will be no value to Luna classic, is it just a meme now? How to stop this person from making the fork? Investors willl never get their money,
Something i saw past few days is that when LUNA price increase it pumps UST too, its possible for UST to recover if we keep burning Luna , No dont need a Fork! You are trying to make more mistakes!
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UST was supposed to be the ‘safer’ investment and LUNA should be the one at risk when de-pegging. This happened before with LUNA dropping 4x last time there was a de-peg. I would prefer a larger allocation for UST holders but if not, then this proposal is better than no allocation for pre-attack UST holders.
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Let this be a very expensive lesson. Never go all in crypto and never trust any project. Stay safe stay liquid.
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Which wallets will be snapshot?
How does the snapshot impact those that hold $LUNA or $UST on centralized exchanges and not in their Terrastaion wallet? Will they get airdropped with new $LUNA token as well or do they need to transfer all $LUNC to Terra wallet before the snapshot will commence?
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Donkeykwong no one wants a fcking fork
4 Likes
No fork please instead burn them
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Can someone else besides the Team make a proposal? Someone out of the Community?
I thought Terra Luna was decentralized and not centralized organizated.
So it should be possible to ask the Community about another Proposal and what ever proposal the Community decides, there will be done.
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This proposal is equal to robbery. Basically everyone who held Luna before the attack/snapshot will get a share of a total of 35% of the new token, regardless if they sold right after the snapshot at ~$60+ , which means they sold and received (a lot) of money and they get rewarded for it by a large share in the new token.
Thos who bought after the snapshot, at $60, $50, $40 → $1 and all the way upto $0.00005 will all share in 10% of the new supply. Great for those who bought at 0.00005, as they were able to buy millions of tokens. But those who bought at $50 and maybe only were able to buy 10 tokens, basically get nothing.
What should be done, if a new chain/fork is the way to go, is make a snapshot before the hyperinflation from 1 B to ~6000B started (when the price dropped from ~$0.50 to $0.00005). Those who bought when this hyperinflation started should have known it was a lost cause.
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Hope for the best Mr Do Kwon . Go ahead with this plan .
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we don’t need fork
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No. This is predatory and blatantly fising for retail money.
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Did someone already ask why we are not considering pre peg break UST holders? Pre Launch snapshot is opening up the terrain for speculators and non-Lunatics.
Also, what happens to vested ecosystem contributors such as Astroport lps?
Right, make instantaneous snapshots based on the numbers of coins held at that time divided by the market cap at that time. Someone who bought 1,000,000 coins at a MC of 8 billion has.a much higher share of MC than someone who bought 1,000,000 coins at a MC of 6.5 trillion.
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What will be the initial price for the new LUNA token?
Why are the only proposals in sticky the ones from the Do Kwon to give them more visibility? If you want to inform the Terra users about the proposals, then please also put Fatman’s proposal of reimbursing UST holders at the moment of the depeg in sticky too.
If you don’t do it, you’re just trying to manipulate the votes.
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Let’s build an sustainable ecosystem join us Twitter , a small changes make great impact
@blk_ecosystem
just burn the current LUNA
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Do Kwon wrote on Twitter: “What we should look to preserve now is the community and developers that make Terra’s blockspace valuable – I’m sure our community will form consensus around the best path forward for itself, and find a way to rise again.”
The community has spoken - it is overwhelmingly against the idea of a fork and for the idea of a controlled burn, but cannot vote accordingly due to the lion’s share of the voting power being under Do Kwon’s influence.
It’s a case of pretending to listen to the community and pretending to have a democratic vote, but Do Kwon getting his way regardless of what the community wants.
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You are not listening to the majority of your investors. We do not want a fork. We will never trust the new token.
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I believe if we go down the snapshot route there should be multiple snapshots based on Luna’s price and this should work for both UST holders and Luna holders:
Snapshot when Luna was :
$100
$10
$1
$0.01
$0.00003 or whatever the bottom was
A percentage should go to each holder in that snapshot, If you are in all 5 because you held thoughout or bought more and more then great you deserve more.
2 Likes