definitely should burn on every transaction increase the value. Luna will be back as biggest meme coin
this guy whole motivation is to profite again ! he doesn’t give a dam about us !!! the ceo of binance told him what to do ! and he want to fork why ? to serve the interest of those who were the least affected !! just amazing
Just buy all luna nd ust and burn them… U have lots of money just do it becoz people lost all there money beocz of u. I lost everything.
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buy back and burn, use the btc reserves for this, you know this is the solution if you truly want to protect this community
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cz_binance says : buy back and burn, use the btc reserves for this, you know this is the solution if you truly want to protect this community
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Issuing a LUNA 2.0 is non sense. And reverting is non sense as well, just like a building a time machine, and go back like nth happens. If it does work, I guess no one will invest in Crypto as well. And if it’s work, Bitcoin holder can just make it back to 60000 usd or above. To save the project, we need to follow the rule of the market, instead of making LUNA 2.0, 3.0 4.0.
Honestly, I didn’t see you have done anything right during the crisis. LUNA is the collateral of UST, when it’s drop significantly, what you do is to enhance the minting ability. Does it make any sense? Just like there is an inflation, and to solve it, we shd print more money. That’s the reason why we fail to protect LUNA. And now you a talking about building a time machine, and go back to pre-crisis. This will destroy the whole crypto industry even you can do so technically, Because no one trust crypto. What you have done is like Manchester City lose in UCL, and ppl decide to restart the game, if they lose again, they restart the game again until they win, I dun think there is anyone will watch such game. Be mature pls.
I just want to let you know that, UST is back by LUNA, and LUNA is back by the BTC reserve, which means BTC reserve is sued to rescue LUNA. I dun really know where does the BTC goes and no one know that did you use BTC to rescue the project. But if you dun use the BTC to rescue LUNA this time, and launch the new LUNa 2.0, dun mislead ppl that the LUNA 2.0 will be back by BTC. Coz such misleading will lead to a lawsuit.
Keep claiming that a crypto is back by BTC, and when it fail, issuing a new one, and claiming again it’s back by BTC. This is what I saw now. And finally there will be LUNA 2.0, 3.0, 4.0, 5.0, but the BTC will always be in your pocket. Everything looks like a fraud now. There will be no one trust LUNA or even crypto. May those ppl who commit suicide can rest in peace.
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According to me, I think the volume of LUNA is increased by 3 times then the price of LUNA why decrease by 99.99 times…??
LUNA will must pump to 30-40$ again according to volume supply…
Yes on chain data is suggesting so …
At the time of the halt there was ~700mil staked - those are now producing about 375mil tokens an hour out of which 25mil is only in Luna … that means the rest is in “stables” and hence burning Luna to the tune of 350mil an hour or ~10bil Luna a day at current on chain prices (1U ~ 500 Luna) … that’s north of 3Trillion a year
Increasing the swap rate of UST to Luna will fasten this process …
A burn is definitely happening in the background … the front end websites just don’t show it … but that’s not a chain issue … the Algo is working , we just need to speed it up …
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I completely agree. I held all my net worth in UST, I tried to hold on as long as possible, but finally panic sold on a CEX at 28c. I’m totally crushed, life is ruined. If there is an effort to compensate, people in this situation must be included.
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Please listen carefully to what zc said, things have now proved that what zc said is correct, please review and reflect on your decision, it is your wrong decision that led to the current situation, why do you want to sell bitcoin? Why don’t you stop issuing shares early, could have avoided the occurrence of 6.5 trillion, it is the result of your self-righteousness, please do not make mistakes this time, listen to zc, everyone agrees with what he said.
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- 400M (40%) to Luna holders before the depegging event (last $1 tick before the depeg on Binance should be reasonable), bLuna, LunaX and Luna held in contracts should also be recipients, minus the Terraform Labs account at terra1dp0taj85ruc299rkdvzp4z5pfg6z6swaed74e6. The new chain should be community owned. Preserving decent ownership of the network in its strongest believers and builders is important.
I need a clarification on this part. I bought at $107 through Binance last month and held it even after the depegging. I only sold it at a loss the other day when Luna was < $.01 ( even bought more but it went down hence I sold it off to cutloss ). Lost almost $6000 on this.
Does this mean that I will receive new Luna on the Forked Luna when it goes live as I bought and held before depegging and even bought more before the halt and just sold it a few hours before it gets halted to cutloss? I bought my Luna through Binance.
Please gives us update in Twitter every hour what u have done nd what’s the progress. Peoples are in fear becoz what u have done… first thing u have to decrease the amount of luna. Nd burn the luna as soon as possible
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I think distribution should be improved for the holders who are trying to contribute to the community and holding it
On chain … the front end websites are not showing it. If you are a staker you need to calculate it manually …
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This is a fair idea, but there isn’t nearly enough in reserves to fairly compensate UST holder for their losses. A stable coin not backed by anything is nothing more than an invented fiat currency. So one can say there is assumed risk with that as well.
As of the moment, the immediate need is to restore the ecosystem and that can only be done by preserving LUNA.
Maybe a fair solution would be for the LFG to buy back LUNA to restore value and then grant some of that purchased LUNA to former UST holders once the ecosystem restores viability.
LUNA2 will be the Game Over! For ever! We have to buy back and burn, use the btc and all others reserves. This is the only way!
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@Bond_Man ^^ … you need to run the numbers manually don’t rely on front end websites as they are not updating …
Happy for someone to verify this
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Hey kon, value your customers and those who care about you and listen to them. 90% of them want token burning.
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İ was staking on binance and , on anchor , and totally i had 8 k then after peg is not stabile i invest 2k more to support , what will i do now ?? İ dont have money anymore and just still holding ??
So by your calculation 10 billion moons are burned every 24h?