This man owes y’all lmao. Don’t let him escape. He owes y’all billions, and he has it. He owes his entire net worth. If he is rich still after this, do not let it be. This man needs to be poor.
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Yes, let’s get it done quick. I got my UST sitting in Kucoin and don’t want to sell, don’t want it to be stuck there either and go to zero as I hold waiting for this. Right thing is to be made whole as the intention was stability. I used anchor as my bank account and moved it out when it hit $0.30.
if it executed like Kwon’s current plan said, you can only get some new issued TERRA coin (400M token for all UST holders and share based on your UST allocation vs total UST supply)
And I think if this airdrop really happens, the new issued coin will worth nothing, because basically no one will trust terra anymore, hence no one is willing to pay a penny to buy this new TERRA coin
I know it’s hard, but the only way TERRA can survive is finding a way to repeg UST, all issued USTs are debt that TFL/LFG/Kwon need to repay, it’s the only way TERRA can move on and have investor’s trust, without trust, all new issued token worth nothing.
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Priority should be to make UST holder whole. I hold both (and massively lost on both) but UST is terra’s core proposition and guarantee. Luna is there to peg UST to $1.
People lost their life savings thinking that UST is stable.
Excess of that should go to LUNA holders that got rekt.
Once your team is able to do that, do everyone a favor and step aside and reflect on what you’ve done and the life you’ve destroyed. The world does not need more incompetent builders.
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Your proposal needs work. Seek advice from industry experts like Vitalik Buterin, Richard Heart etc. I’m sure they’d be happy to talk.
Fix what is broken. Introduce deflation. An open Buy and Burn is a good start.
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What you should do to restore market confidence, the community has the ability to pull LUNA back to some value，If you perform a snapshot, it can only show that you are a liar, because this action can save what should be done 2-4 hours after the luna starts to fall, not now
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UST just needs collateral right now, that algorithm proved it was not prepared for market panic thanks to the brilliant idea of minting a trillion coins causing hyperinflation, the only thing that can fix things for everyone is backing up the coin with real money and burn LUNA to make profit and get more support
Want the perfect recovery scheme ?! … All this happened through speculation, and through it everything can be returned… loud statements and intrigue… announce that 90% of all LUNA will be burned since the unbundling and it’s all through UST, before that buy more LUNA, raise the hype of recovery… and raise 10,000 % growth echo, everyone wants a piece of cake… and on the rebound smoke all trillions of coins to support unrealistic growth and rising prices… capitalization will return in 2-4 days… manipulators did it, and only manipulating can return everything, most of those who collapsed, just want to make money… play on their greed! I am from Ukraine and I invested everything I had to save my last livelihood, it is 14,000 dollars, and now I have 35 dollars … In my house there is a war and I am bankrupt … all that is left is for the rest of my life. If anyone is willing to help me I will be very grateful = (
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Agree with this modification!
Not so good plan , many people who bought after , means thousands of people out of room , not fair at all.
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Of my investment done one year ago… and providing liquidity is infact proving means to support an ecosystem…
Exactly… The only way is to push forward, re-establish the peg, and what will help is that with the numbers going up for Luna, we will probably see an unprecedented gold rush!
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I understand what you are trying to do. but this will create new victims. first and foremost you will have to talk to all exchanges and make an anti-inflation contract. After you make a 25% deduction for each transaction and transfer in the first place, you can reduce the deduction rates by halving monthly periods. This way both terra is spared. and investors will not suffer. because millions of people have invested even at the bottom prices. You have to think about them too. This way you gain global reputation. Otherwise, you will be perceived as a ponzi and written in black letters in crypto history.
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So, Do Kwon, how can you now start inflating the price of UST with this proposal, this is a crazy idea, speculators will be onto UST - please re-think this proposal to make it fair
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Yes and if the new chain works as this two it’s a death sentence in case of market volatility, the new UST will not be a stable coin until it has collateral and this can be done with the actual coins, making a fork it’s just a way to profit on us again
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And one more thing… even all people that are now buying the dip and providing liquidity I don’t think they should be penalized either… since they are the ones keeping trading alive, for every seller is a buyer
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Summary
Hello my fellow community members. It is important to note that our community has grown obviously in this recent attack. How can we ignore the facts that the followers or Luna Twitter account has increased more than 300k followers now? Please do not discriminate the new members. It is normal that for a project to gain new members. That’s how a project do.
Motivation
This project is to be big to be abandoned okay. With a large group of supporter, builders and investor, this project must look forward to sustain itself. I have two proposal here to be outlined briefly.
Proposal 1
I would suggest the distribution of new Luna V2 token is made by calculating of stake held over supply in every 30 minutes snapshot at pre attack until the minting was halted. The calculation is for both $luna and $ust. This to ensure the fairness of distributions among the holders.
The 30 minute snapshot to be done and for each, the stake of a community member will be determined by his share over supply at the time. The allocation for a 30 minute slot will be determine by how many slots exist between the pre attack until halt. This one for the main allocation that is for community.
The next allocation surely for marketing, development fund and team members.
Proposal 2
I would suggest that the current team use existing fund to QUIETLY buy and stockpiling the current $luna token and at a suitable time announce the burning of this large token. I think by this way $ust and $luna will go back to its peg and business will be as usual for all.
I hope all of you will consider this proposals and please share your thought. Thanks and taking care. We are all affected, but I believe if we unite then we will succeed. Regards from Malaysia.
many people will lose trust in project , if you leave them out , this is millions of $ and thousands people . You have to do it as it is now. With this supply and some burning, by this way you should stop all trading on all cex , to avoid people spends money . Not fair plan.
Please support my proposal here for a fair distribution.
can rebuy and burn , supply reduce meaning luna price rise , minus luna mint equal ust , luna can burn with transaction fees too , we just need a plan , save luna first , luna not down because price down ít because of overload supply , if luna 1$ now ust easy repeg than now
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