Terra Ecosystem Revival Plan

Your $LUNA is not more valuable than my $LUNA just because you might have bought higher

The same goes with #BITCOIN, the people who bought $BTC at $60,000 are not whining because people are now buying $BTC at $29,000

Drop your nonsense seriously, if you want to buy cheap now go ahead and do so, I just bought Bitcoin at $29,000 imagine if the poeple who bought at $60,000 started whining and decided to do a ROLLBACK to the November 2021 snapshot to restore the value to $60,000

It is NONSENSE

Instead of this the team should work on the following

  1. BURN TOKENS
  2. USE BTC Reserves to buy back UST
  3. Restore the value of $LUNA which will restore confidence

If you FORK and ROLLBACK you will essentially kill the chain and $LUNA will be DELISTED on ALL exchanges, no one will list the new token, NO ONE

If let’s say is a fork… why the HELL are exchanges still trading LUNA ? Shouldn’t the team ask exchanges to stop all trades as all NEW buyers that bought before the halt are not eligible for luna v2 token ? This makes all NEW buyers the stupidest suckers that bought into a coin that are worthless from the start. That will be a FRAUD!!

So lets stop this madness

WORK ON IMPROVING the current chain @dokwon
Fix your mistakes, restore confidence there is no other way around this, there are no shortcuts

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Good question, and his proposal is totally unfair… If I invested 2000$ and bought 3000$ when the crush happened to further support my investment with Luna… after the blockchain halt, now both my LUNA and UST would worth 5$… From 5k$!.. How is this fair ?

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Its a horrible look that LFG or Do wont come out and be clear about what happened to it. Maybe i missed it but i cant find anything from them on it.

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Forking won’t save Luna and UST. Burning and taxing every transaction it’s the way to go. In the long run we can still have a comeback. Mid to long term comeback. Can’t treat this like a central bank with bailouts. Come with a better solution for long term growth not short term growth. I’ll sleep better at night knowing my initial 35k investment will recover eventually. I bought in at 30 dollars and then at 1 dollar hoping it will recover one day

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The market is a game, anyone who buys luna should be fair

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The current chain is rekt. Inflation beyond repair, susceptible to manipulation and impossible to govern in a decentralized way because any entity can manipulate their stake of the governance by playing games with UST purchases while its value is depreciated.

That is how INVESTMENTS work, its a risk, you can’t complain each time something drops in value.

As others have said, its like people complaining about paying more for BTC earlier in the year compared to now.

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Good afternoon Terra.

I want to share my opinion on system recovery.

As a foundation, I want to believe that the entire Terra team are honest guys who want to play honestly. To believe that the project did not have the task of stealing the dreams and bright future of people who trusted and invested money. Such an act could be considered a betrayal of the very concept of humanity, with all the ensuing consequences.

The first step is everyone who has played fair and continues to show loyalty to the project, from now on equal partners and part of the team.

The second step - I would make an independent examination to evaluate the entire ecosystem and create a smart contract with a token, the pricing of which was the total equivalent of the value of the entire ecosystem, the growth index, commissions from all protocols of the Terra system. I would also give a guarantee of the redemption of this token for bitcoin, say in a year.
So that the holders of this token in a year become truly wealthy until old age.

I believe that the Terra ecosystem is the 8th wonder of the world, and simply must live and be applied everywhere, by every inhabitant of this planet who wants to be decentralized and breathe freely, and this is possible if we act honestly now with those who invested, believed and suffered.

The third step is for everyone who panicked and exited at an early stage, I would also give support, based on the tolerance index.

That is, the most persistent - the most important and the first to be compensated, and in descending order to the fastest ones. So I would find those who caused this collapse, come out first and play dishonestly.

I think this would serve as a good incentive to restore the trust of the community, and those who were in the project to the last turned into evangelists who told the whole world that terra is an honest project with high moral standards and principles.

To all those who supported and bought the Luna token, I would suggest spending them on the Terra token, and, as a result, I would withdraw all Luna tokens from circulation, exchanging them for membership in a large ecosystem club.

And for dessert, I would make commemorative NFT medals for everyone who survived the fall and was up to the end, so that others would know the faces of the heroes.
Who came out first - privates, who came out last - generals and veterans, so that they can use NFT to back up their word and show that they have nerves of steel.

original text

Добрый день Terra.

Хочу поделиться своим мнением по восстановлению системы.

В качестве фундамента - хочется верить, что вся команда терры - честные ребята, которые хотят играть честно. Верить, что у проекта не было задачи воровать мечты и светлое будущее людей, которые доверились и вложили деньги. Такой поступок можно было бы считать предательством самого понятия человечность, со всеми вытекающими последствиями.

Первый шаг - каждого, кто играл честно и продолжает проявляет верность проекту, с этого момента равные партнеры и частью команды.

Второй шаг - я бы сделал независимую экспертизу по оценке всей экосистемы и создал бы смарт контракт с токеном, в основе ценообразования которого был общий эквивалент стоимости всей экосистемы, индекс роста, комиссии от всех протоколов системы Терра. Так же дал бы гарантию выкупа этого токена за биткоин скажем через год.

Чтобы держатели этого токена через год стали по настоящему обеспеченными до старости, так как я считаю, что экосистема Терра - это 8 чудо света, и просто обязанная жить и применяться повсеместно, каждым жителем этой планеты, кто хочет быть децентрализованным и свободно дышать.

Третий шаг - всем, кто поддался панике и вышел на ранней стадии, я бы тоже дал поддержку, исходя из индекса терпимости.

То есть самые стойкие - самые важные и первые на компенсацию, и по убывающей к самым быстро вышедшим. Так я бы нашел тех, кто вызвал этот коллапс, вышел первый и играл нечестно.

Думаю это послужило бы хорошим стимулом к возвращению доверия у комьюнити, а тех, кто был до последнего в проекте, превратились в евангелистов, которые рассказали всему миру, что терра - это честный проект с высокими моральными стандартами и принципами.

Всем тем, кто поддерживал и покупал токен Луна, я бы предложил их потратить на токен Терра, и, по итогу, изъял бы из оборота все токены Luna, обменяв их на членство в клубе большой экосистемы.

И на сладкое, сделал бы памятные NFT медали всем, кто пережил падение и был до конца, чтобы окружающие знали в лицо героев.
Кто вышел первые - рядовые, кто вышел последние - генералы и ветераны, чтобы они могли с помощью NFT подкрепить свое слово и показать, что у них стальные нервы.

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Do it right, people bought Luna I’m Saturday and Sunday, they weren’t aware of it. Not everyone has time to stay on Twitter following news. I bought it on 05/07/2022 and placed it in blocked staking. I wasn’t aware of the chaos. Everyone who was staking locked in that period also deserves consideration.

The first one. Whales gotta get their cut

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For those UST/LUNA holders that panicked sold, just buy back LUNA right now like everyone else at these prices, no more excuses please.

Then,

  1. Kill UST - any accounts with UST will have their coins automatically converted to LUNA
  2. :fire: LUNA back to the moon - Classic buyback/burn mechanism
  3. BUIDL

Stay humble, its possible to make a comeback!

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Tax doesn’t work because of wrapped tokens

Compre e destrua, a rede é boa e recupera

you don’t know how buyback/burn works do you. Why do you expect Do Kwan to give you free money?

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You gambled and lost. No consideration needed

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There is only 1 SOLUTION - BUY BACK + BURN

For everyone else complainig about investing before or after the DEPEG need to really think about what they are saying.

This is CRYPTO , this is like any investment, people who came in later should not be penalized , afterall these were the people who actually tried to SAVE UST.

People who bought BTC earlier this year dont complaing about the poeple who are buying BTC NOW at a LOWER price.

DO NOT give LUNA an oppurtunity to SCAM THEIR WAY OUT OF THIS.

BUY BACK AND BURN. OTHERWISE LUNA WILL BURN TO THE GROUND, NO ONE WILL INVEST EVER AGAIN WITH ANYTHING ASSOSCIATED WITH LUNA

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Sorry, but I don t think so, These are two cryptoprojects that are trying to move away from the centralized finance we have had so far. Luna much more complex than BTC for sure. People usually dont like speculator, but without them markets would not function as well… A speculator is someone who takes a greater risk for a greater return, and without them there would have been a few people left to buy a crazy price at a very risky moment… so a greater return for greater risk… where do you think the price of LUNA would be right now without speculator who are still buying now when the project as you say is half dead. People are still seeing interst in LUNA and this is also thank to speculators

I had my 85% of saving/Crypto in UST on anchor. Preparing for bear market. I came to anchor/UST because of the growth of LUNA. Success of LUNA in De-fi and has a real chance as ETH competitor. With other nice projects on the chain as well.
I will be happy to get my money back.

However we have to keep in mind once people take back their money they will still be hesitant to comeback unless a new milestone(ATH/ new adoption) is set by the project. To restore their faith back into the project.

There is no UST without LUNA. We can create another better algorithmic stable coin down the road.

I have no idea what the TFL/Do Kwon has left.

But we need to save Terra eco system and need to pay remaining UST to the holders as well. There will be no perfect way to do this. Either way there will be some people affected. But everyone should get something back in value. LUNA/UST investor, Developers building on LUNA, Validators running the network, Luna/UST on other chains, bonded assert on LUNA.

For Non-whale UST holders we can pay 1-5% of UST to the holders right away and then for the remaining UST balance over a long-much longer vesting period. This only to those UST holder who never withdrawn. in my case.
I have already taken a cut and withdrawn my UST.

For LUNA we fork, we leave as it is or We can reduce the supply as of when they were minted by
.000000 with the lowest price range. With most zeros at spot
.00000 With a zero price range.
and so on.

Come up with a calculation so the total supply is less than a billion.
On Exchanges were trading is happening. We pause it for some time and adjust the LUNA count as per the users buy range. At what prices they bought and adjust their LUNA count accordingly.
I am not sure if this can be done. Just tiring to be fair to the people who were still believing the project and buying the dip as it was going down. All this could have be avoided if we have paused the LUNA minting earlier itself.
As the price recovers so does the faith in the project.
Starting fresh will be easy but may be hard to get everyone onboard again.
If we create another Stable coin. We have to come up with a solution for huge liquidity exiting the ecosystem to buy the BTC dip.

from their reserves

Yes but why. You’re saying they should give everyone free money just because, and not even bother with a stablecoin