I have around 6000 LUNA on Binance, how will I be compensated?
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A much better plan!
No!! ALL users that bought LUNA crypto must be helped and supported in the same way: in fact all of them invested a lot of money in LUNA crypto. This must apply independently from when users bought the LUNA crypto (before or after the depegging event).
Work with binance and other exchanges to find people’s avarage buy and distribute according to it!!!
Its not that hard!
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Perhaps, things would have been easier to recover if not for selling BTC reserves and issuing too many Luna coins. Let’s restore the old chain by buying Luna and burning them. This seems unfair to those who buy at low prices. However, those buying at low prices are credited with restoring Terra and taking on high risk. So it is completely fair. This option will be good if the market is uptrend. That helps restore trust and fairness to the Terra community.
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Don’t forget about the ones who bought the falling knives. Those were blended the most money buying all the way down.
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good question. what happens to all LUNA Tokens on binance?
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Honestly the proposal you provided, will not going to save neither Luna nor UST…
Could you please consider this one:
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Please include stLUNA holders, and the ones locked in smart contracts. I was providing stLUNA/LUNA in astro…Never sold, but decided to burn it back to LUNA in lido (locked for 21 days)
I agree with you mate, many of us invested well before the crash, Held in as long as possible trying to hold the ust peg. 70% loss for me. Whilst holding, others taking advantage swing trading or trying to cash in and out from ust to Luna … can’t reward them, they’ve rewarded themselves.
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We need a FDKwon coin/ Gofundme to put him in jail at this point.
Community LUNA create donate fond for save luna i send money …
(Lunatics)
Best one ever!
I hope everyone is doing ok all things considered.
In my humble opinion, we need to slice all UST liability. It’s super unfortunate, especially since LUNAs promise was to absorb any losses, but we’re completely beyond any stage where that will ever be possible. Reset the system with no liabilities. This will cost a lot of credibility and it sucks that savers have lost a ton of money, but I don’t see any way around it.
How to distribute a new chain is super subjective. IMO:
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I buy into the argument of giving a significant share to builders to ensure they stick around.
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I think zero ownership (or very little) should be allocated to investors prior to the depeg. Anyone who’s there before depeg, but not after has already cashed out and will be able to reinvest with the same capital. Frankly, most of these investors have probably made a fortune from 0 to 60$ Anyway
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Community is a huge strength - probably more than developers even. Dedicated lunatics were more like to be staked (and thus unable to unwind fast enough) or hold on to the end in belief that it could be salvaged. The 10% suggested allocated to the LUNA captains is IMO way too little. Flip it with the 40% to the investors that were able to exit.
Regardless, the point of the distribution is perception. The new chain will probably hold very little value for a long time. The primary purpose of the distribution scheme must be “fairness”.
Also, Regardless of the extremely bad narrative that’s playing out right now, I think we should stick with and rebuild the LUNA brand. The risk that realized was BAD and worse than I imagined, but it was built into the protocol, not an “unknown unknown”. The primary fault was that our project might have been too ambitious To my knowledge no malicious acts have occurred. The loss of credibility will - over time - should heal.
Take care everyone 
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This is actually the only good proposal. But mr Kwon refuses to implement this plan. He prefers his proposal in which he basically robs tons of people. We should split the chainand execute these 8 steps and go forward without Kwon.
thx !!
Regarding the UST fork.
I think that there should be a ratio, for each UST held before decoupling from the dollar, depositors should receive on their balance (1 minus the average price of ust / usdt before the peg to luna was stopped), and the rest of the ust holders should be able to exchange their 1ust for (average price ust/usdt before the luna binding stops).
In my opinion, this will be the most fair decision.
As for luna, the last (largest) coinage was made after ust was decoupled from luna and is a scam against those who bought luna prior to this event.
Are there any UST holders going to file a class action lawsuit against terra?
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Check out Luna! People that are smart and didnt panick and kept supporting it are now the ones that are winning.
A coin/project this big wont just fade out of existence because to many people and companies and even governments rely on it. They lost to much just to think oh well …
Like with a real company: going bankrupt meaning all parties involved lose all their money. But if they all chime in a little, the company wont go bankrupt and everyone imvolved may have lost a bit short term but will gain a lot more long term. Letting that company die brings them nothing.
Thats what will happen to Luna! People who know are buying. And its not just them playing casino. Its real life logic.
And when the big burn starts (expecting it very soon today so people keep up their positive vibes) you can all expect the price to go back to above $1 and up up up.
No financial advise but everything points in the direction that this is far from over and those that are angry frustrated and sad because the sold and lost are going to miss the ride up. And it will be a hell of a ride for those that can step over their sadness and be like a vulcan: logic dictates that forces like these with so many people and companies involved dont just “die” in a day.
I for one will keep buying on the wat up. Back to the moon, or… Luna.
Updated! Vote it if you agree with it!
im not sure what you are talking about: people who bought UST $1 mths ago vs people who paid 0.10 UST are the same categories of people.
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