save the moon and save the reputation there is only one way (increase the trading fee) burn tokens in each transaction, and this takes time, patience, faith and community support …
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There is 1.2 billion in BTC reserves unaccounted for as of this moment. Reserves are for emergency purposes only which this easily qualifies as.
If LFG used that 1.2 BN in BTC reserves to buy and then burn LUNA it will help reduce the total LUNA in circulation to a somewhat respectable number to restore some value to the token for those who are hodling through this mess.
UST is done. There is no faith and credit in it anymore which is vital for a currency with no true backing. No one would have faith in it anymore regardless if it restored the 1-1 peg to the dollar.
What is worth preserving are the developers and community of LUNA. The ecosystem still has viability and if it is restored then a new stable coin can be minted with true backing at some point in the future.
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@dokwon Si revives Terra te regalo mi casa en España.
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There should be no new coin and thus no fork … a fork will leave ppl behind one way or another old and new investors … and that will just create a new and different miss …
The network has a debt to pay (UST) … demanding it now is not a feasible solution. Let the algorithm do its job, if anything increase the pace
How to increase the pace? We are burning about 5-6 mil token a minute at these Luna prices (1U~ 500L) … the owner the Luna price the faster the on chain burn … so either
1- we accept a lower Luna price for faster burn
2- or we increase the swap fees to speed it up to justify a higher token price
As the burn happens organically the peg will restore and the supply will dwindle … we need time not force …
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Luna is being burned? Dont think soo…
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Bonjour Monsieur,
Tout d’abord, je vous remercie pour votre intervention au moment approprié pour dissiper pas mal de choses négatives qui circulent au sujet du naufrage de Luna et pour donner de l’espoir aux gens qui ont confiance en votre projet.
Concernant l’indemnisation dont vous avez parlée, à mon avis toutes les catégories de détenteurs que vous avez citées doivent être indemnisées d’une façon équitable pour surmonter cette terrible épreuve. Mais cette indemnisation doit se faire après concertation avec la communauté de Luna. Et pour une meilleure équité et de justice, les jetons de l’indemnisation doivent être distribués avec le prix actuel de Luna. Étant donné que l’approvisionnement total est fixé après cette catastrophe à 1 milliards de Luna, vu la restructuration qui sera faite par l’équipe, je suis persuadé que seul le prix actuel de Luna est susceptible de donner de très bons résultats dans les mois à venir. Avec le prix actuel tout le monde couvrira ses pertes, voir faire des profils conséquents. Donc de grâce ne touchez pas au prix actuel de Luna car il va donner de très bon résultats et à l’équipe et aux investisseurs dans un avenir proche. Par ailleurs et pour un meilleur regain de confiance, s’il vous plaît demandez à Binance en toute urgence de réintroduire le trading USDT - LUNA et de maintenir Binance Earn pour le jeton Luna.
De la part de quelqu’un qui a investi 1000 $ lorsque le prix de Luna est descendu à 1 $ en espérant une augmentation du prix, mais quelques heures plus tard mon solde a chuté à zéro USDT. Même après cette catastrophe qui a affecté des milliers de personnes à travers le monde, j’ai continué à investir dans Luna avec une petite somme d’argent car j’ai confiance en votre projet, en votre personne et en votre équipe. Quant à la communauté de Luna je partage totalement sa souffrance suite à ce terrible accident et je lui souhaite du succès dans un avenir proche et beaucoup de patience. Bien à vous et bien à toute la communauté.
Je vous ai répondu en français car mon anglais est médiocre.
Thank you for responded me. I am agree really. And i I am amazed by this suggestion. @dokwon Please read and interested with this proposal.
@LunaMaxi Can i ask you where are seeing that burn amount.?
after that the moon will not be the same
For me, you may say that I am bias becoz I hold only UST. Price of Luna is supposed to be fluctuated but UST is supposed to be stablely pegged with USD in 1:1. If money is available, more money should be devoted to UST holder.
[Proposal] The only solution in a hurry now let you know.
Even if you set up a countermeasure later, buy 100 billion won worth of luna and incinerate it immediately.
Then a significant amount of luna that has been released more than 6 trillion times will be recovered, incinerated, and the minimum price will be revived.
The algorithm that keeps printing luna has a problem that obviously lowers the price.
It’s like a stick on a pivot and it falls once it tilts to one side.
Even if you think about this later,
Please recover the price first and proceed with the incineration. Luna, stop minting.
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Yeah, i want to see that too…where is the info about luna being burned?
我不认为这是一个好的方法，目前来说luna已经掀起了全网的热潮。你应该利用这个，而不是摧毁它。我有一个想法，对于事情发生的那天，你可以发行ust来等价补偿当时的持有者，然后在一级市场利用交易产生gas，将所有的gas来燃烧，制造通缩。还有跨连桥收手续费来燃烧，你可以设定一个燃烧峰值，当燃烧到一定数量的luna就取消所有的gas收取。请不要制造新币，这会毁了所有人的信心，甚至会对整个数字货币市场产生很不好的影响。
I don’t think this is a good method. At present, luna has set off an upsurge of the whole network. You should take advantage of this, not destroy it. I have an idea, on the day that something happens, you can issue ust to compensate the holders at that time, and then use the transaction to generate gas in the primary market, burn all the gas, and create deflation. There is also a fee charged for burning across the bridge. You can set a burning peak, and when a certain amount of luna is burned, all gas charges will be cancelled. Please don’t create new coins, this will destroy everyone’s confidence, and even have a very bad impact on the entire digital currency market.
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Hi i am Indian investor and a student.
I believe in crypto though i belong from stereotypes society.
But i have clear cut suggestions to burn extra LUNA token so that it’s circulating token is brought back to earlier million.
Above solution is baseless and reckless, since bitcoin market did went below 90% dump but there circulating supply were fixed.
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Reserves should be used to compensate UST holders before depeg. Luna was expected to fluctuate and naturally associated risk with it, whereas UST is considered a stablecoin.
I think that the initial proposal is very unfair as you don’t make difference for those who sold their LUNA/UST after the depeg (they may have lost part of their value but not all and they also contributed to the death spiral doing so).
Those who bought after the depeg may wanted to do big profits for some but directly or inderictly, they were fighting against the depeg.
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90% to:
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Luna holders before the depeg that were still holded at the time of the halt. The calcul could be a pro-rata of their amount of Luna compared to the supply before the depegging event.
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UST holders before the depeg that were still holded at the time of the halt. The calcul could be a pro-rata of their amount of UST compared to the supply before the depegging event.
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New Luna holders after the depeg until the halt. The calcul could be a pro-rata of their amount of Luna compared to the supply at the buy moment.
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10% to the Community Pool to fund future development.
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i can only accept the fork if you do it in europe or USA. Stop with Asian scammer team. Too hungry
if you fork luna you will never be listed on any cefi again.
we don’t want the fork, i will never move my token from binance. We don’t want your dirty airdrop. You have to disappear from the earth.
luna will be memecoin like shiba inu ! we don’t want any masters anymore!!!
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Even CZ think this is a shit idea , Wake up luna team
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How about people who wait LFG/Kwon’s recovery plan for two days and end up no plan to recover UST peg and sell at like 0.2 0.3c, they sure also deserve a compensation, it’s not their fault for this depegging.
So UST snapshot before depeg is absolutely necessary, but how to use this UST snapshot to calculate the compensation can be discussed.
你不能指望生病之后就把脑袋砍掉，然后换一个身体就能活过来。
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Hi i am Indian investor and a student.
I believe in crypto though i belong from stereotypes society.
But i have clear cut suggestions to burn extra LUNA token so that it’s circulating token is brought back to earlier million.
Above solution is baseless and reckless, since bitcoin market did went below 90% dump but their circulating supply were fixed.
Stop minting please that’s all…
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