Very roughly yes!
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NO, NO, NO, Listen to CEO of Binance !!! buy back and burn ! and stop trying to profit yourself and your friends ! you gonna end in jail…
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HI everybody . I am just a chart and pattern / risk /algo guy observing this fascinating event.
It seems an algo or something was buying yesterday. is that the algo burning coins?
https://twitter.com/AMoneyfest/status/1525291825375870976
You can see the pic . 45 degrees. that´s not human.
just my 2 cents.
maybe they are already burning in secret and they didn´t tell you?
Hypothetically, at this rate, it takes two years to return to 1 billion
That is not how it had to be!
People trusted the structure of the project. you can see most of the people are who invested in the project after the crash and if you ignore them you won’t have new investors and you can’t move on ignoring investors and expect people will trust the ecosystem again in the future.
What you’re doing is punishing new investors who risked their money or even their life savings to save the ecosystem and also to get some profit in return of their risks! Now if they couldn’t that is the ecosystem fault, they are not to be punished because of their trust to the project.
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Ya looking someone to verify this.
Don,t give anything to Luna Holders before depegging event. They all betrayed Terra Community by selling Luna. Just give 50% to New investors who are trying to stabilize price of Luna and 40% to UST holders and 10% to Community pool…
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’ 400M (40%) to Luna holders before the depegging event’
How great is that I provided substantial amount of liquidity on external chain pools for LUNA pairs? So I wont actually get anything, even though I made more contribution than anyone that only had LUNA dusting in their Terra wallets.
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Luna basmayı durdur ve luna al yak başka bişey yapma
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Yes that’s why I said we should be increasing on chain swap fees ( UST → Luna) … others have caught onto this idea as well in other discussions …
Right now the fees seems to be at 0.3% which is fine under typical circumstances but this is far from being typical … the fees needs to scale dynamically by some mechanism so that the time to normalization (~1bil) is shortened
Point is we can play with time but can’t force proposals on ppl - the last few days has proved that there are so many opposing interests … let the Algo do it’s job and if anything speed it up …
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Make a poll, then vote. Terra is a Defi ecosystem. “Decentralized” that’s mean you and your team couldn’t make decision by yourself.
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When will @dokwon clarifies what is going to happen with LUNA…anyone knows???
This is BS.
So what you are saying is that me investing £10,000 will be basically nothing just because i invested after the de-peg?
I am sorry but that makes no sense at all, I need to at least break even.
That wouldn’t work now. Some of the oldest members didn’t touch anything during the crash. Their LUNA is now worthless, but others aquired 10 millions of LUNA recently. Voting power?
If it works, everyone will get paid off and be rich
I don’t think this proposal is fair. I have bought Luna over the last 72 hrs, Binance is allowing trading on the token, you simply can’t wipe off the tokens minted, which people have been buying. This surley would break laws that govern how products are bought and sold.
What I would advise is creating a sensible long term burning program to remove the minted tokens, this could be either through raising VC funding or use the BTC / AVAX which was bought.
Right now Luna is still in the top 50 traded coins, there are active buyers and sellers, if you give confidence to people the price will recover, maybe not $100 , but even 10c would be welcomed.
If you simply right off what was minted beyond the 1b Luna, Im sure there will be lawsuits opened.
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A lot of ppl well sell and buy but that’s a different story altogether … if anything, the chain is now owned by the ppl and devs …
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In my opinion a much better solution would be to encourage everyone to BUY to force all shorts to cover, change the momentum and let all make money on the way up.
THEN, burn to reduce supply to a more reasonable level. Or use some of the $$ to buy and burn on the way back up. That would lead us out.
Those with positions have plenty of opp to average down and make LUNA a turn around story NOT a great project that was destroyed.
Letting it die or restructuring your way out is not the answer. Buy the crap out of it and burn later. No fork, no reconstitution! Time to fight the good fight and get it up to at least $.50-1.00 and then see what happens. We all can make money and create a great recovery story. Not a time to be a puss! Fight like the project’s life depends on it, because it does. But it needs to start NOW!!
Have all the VC’s gone away? Let’s bring some real power in here and make a statement. That way, when you look at this in the future it will be a story of resilience and STRENGTH not FAILURE.
If you do NOTHING, it will die and most will never come back. It will be delisted everywhere and trust is gone. BUT, if you and the true believers fight it back up in the market, you don’t have anything to fix on the LUNA side, UST more complicated but ANY restructure and you might as well let it die and go to ZERO.
I spent THOUSANDS after the DEPEG to help LUNA, and now you are saying that you are giving me almost NOTHING BACK???
All the new investors will walk away if you do this and al the old will also sell off as soon as they can and you will not GAIN any NEW INVESTORS.
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And give new name “Luna Inu” .