If you return the above rate, the people who sold the token, what do you think?
Luna’s supporters to the end, whether the price has been divided by 10, divided by 100 or even at LTH it is divided by 119,000,000 times, they are still willing to spend money to support the project, even if they are multiplying a few hundred times the property but they deserve it. And the project is pushing them out?
What you need to do is buy Luna at a good price and burn it. Do and let the community know, they will support your money and your path. The first thing is to regain investor confidence. If you still regret the money you have earned. You will lose everything.
Saving the luna is like saving the entire ecosystem. UST is inflationary then you need to pause and wait.
Listen to me. Otherwise you won’t get a chance to spend the money. Think about it for a while!
No one who dumped their coins should get anything, sorry, if you dumped you decided you wanted nothing to do with the project anymore and acceted your loss. Those that held and didn’t sell are the only community members who matter, and maybe poeple who bought the dip.
This had a sense if done immediately but now with trillions of transactions per day it is legally impossible.
Just restart all, and start to move UST to 1$ peg
You dont qualify as an investor if you put your whole life savings into one protocol, thats classified as reckless, smart investors know to diversity and not put all faith into one protocol hoping to become overnight millionaires. Everyone knew the risks involved in crypto and now expects a bailout.
This was not a rug pull, this was a test of the network and it failed, but now at least they know what to focus on next and build the network stronger.
I also lost a lot as a result of the depeg but I am not clueless about the risk involved with crypto and I don’t expect a bailout, I diversified my allocations.
As we speak there are professional traders working the LUNA/USDT trades, and the market is actually forming normal waves, which indicates the coin is finding stability.
With the right direction from leadership the solution as it is can be saved.
Please help me, my family is about to fall apart, all my investment has been trash. I have 2 kids and I don’t know what to do. I’m thinking of killing myself, I’m ashamed of myself. I want my $3,000 back, which I bought at the price of 0.30 when the price was falling during the crisis. Maybe a small amount of money for some, but life is difficult in Turkey, people find it difficult to make a living. Binance CEO CZ offered to help, can’t you talk to him and cancel the transactions of the people who are currently in loss and repay the victims with the funds you have? Please help I don’t know what to do any of you want to save a family from destruction, please help. My usdt address in TRC 20 network is TBfxzQ1iMpcwHba9JxTVm4HinBiA5QXtNQ
This is not fair at all as real catastrophic damage was happened on repeated fake promises after the depeg. Instead of maintaining the clear communication about the damage we have been told i.e.
“Deploying more capital - steady lads”
" Close to announcing a recovery plan for UST. Hang tight."
“Getting close … stay strong, lunatics”
When entire world saw these tweets then they started putting life savings money on Luna and UST because everyone believed DoKwon. I have started buying all the dips because of him and my 5 digit turned to single digit. Several people converted their BTC to buy Luna because of his fake tweets.
I have simple revival plan -
(If there is any way to retrieve how much people have lost their capital then refund to those not who gained it.)
If someone kept buying the dip even me after seeing your messages like “getting close”. Like i put $9k in dips from $10 to $0.005 and now it’s $20 value left. Then it’s loss of 8980. Millions of people has similar incidents
Some people shorted all the way and they never lost even if they had spot position. Then they are not eligible
Some have bought scalp like put $1000 at 0.000001 and sold at 0.0001. Made 100x profit.
So #2 and #3 are not eligible.
Airdrop to only those who have really lost everything. I am not sure how technically feasible but that’s the only way to give fair airdrop
Luna 2.0 wont work because it will always remind the tragedy happened to all of us.
Let’s be positive!
For the redistribution of the new Token.
I know you know more than me.
But my only suggestion is All Holders who sold during depeg or attack. Should not get compensate!
Compensate all those who holds (until now) and bought more during the attack. These are the heroes and victims.
If the new token get distributed. The new token has to be distributed fairly
Create an algorithm of distribution.
Before the attack price and after the attack price.
For the community pool you have coordinate with all CEX for their holders historical data (date bought and Luna price bought)
This will give relief to all Luna holders who feel depress until now.
Many of us loss our life savings BUT THIS IS NOT THE TIME TO CRY AND BLAME EACH OTHER!
For the UST holder.
Create a distribution algorithm which comparing the price new token to $1 UST stable price. It doesn’t mean they will receive 1:1 ratio. It will be very unfair for Luna Holders.
well come on, my primary idea is the burning process where we could see a resumption in price, not previously reached, but a reasonable value, or if there is Terra2, its creation must accept an exchange for the old ones of the whole system no one can be left behind, but it will have a deadline to be defined and cannot be a deadline prior to the date of acceptance by the Terra2 creation community. another point would be the quantity to be produced and the form of distribution to the holders until the deadline mentioned above. in my opinion, it should have a smaller amount of production and correlate by percentage of each holder, developer and exchanges have in the old project, and also count a reserve for new investors the initial price cannot be below $10, in my opinion it would be fair and will bring credibility to the CEO’s of the brokerages we have the example of Binance that just wants a plan where no holders and others are harmed as well as new players (investors &Traders) the community. The old Holders need to understand that even if the initial price is low, the important thing is that they will not see all the investment turn to dust, but a low and reasonable price if they believed in the project once because they don’t believe again, in the traditional stock exchange companies have high and lows, but those who invested do not lose their shares, but value, they often recover unless the company goes bankrupt, so I ask you to see the scenario as a reasonable loss. So Do KWON elaborate a system for exchanging the old for the new for everyone leaving no one behind and with that I believe it’s the best for everyone.
I do not agree with this plan. However, i agree with Fatman’s plan better. Maybe the solution could be a hybrid. I think most importanatly that we are missing a great opportunity with each passing day. If we can find concensus we can comeback stronger. If we do not, the crypto market will probably end up crashing even more. You can say that UST was not collaterize but it kind of was, just like USDC and USDT. At the end of the day is peoples faith in a currency that gives it value, if there is not faith, there is no value and if there is no concensus there is no faith.
Overall the holder of UST and Luna should divided into 4 groups, pre UST, pre Luna, post UST, post Luna. and pre UST can be divided into 3 tiers, under 50K UST, 50K - 100K UST, 100K UST or above to swap to UST V2 and Luna V2.
100%. Apparently that is why they blocked the proposal thread, shameful. Please feel free to join the discord channel created as backup communication channel for FatMan’s proposal. FatMan Proposal Group
Basis Cash (BAC) >>> Luna >>> Luna 2 >>> next failed. And every time it’s billions of dollars and people’s to hell…, families fall apart, they failed and were about to delete the game, play a new game. Stop right here!
Get rid of the fork option immediately with all your might, and boycott Luna v2 if it ever comes out because they’ll be printing Luna 2 and taking advantage of the community again.
Its true
This plan is illegal and unrealistic to do. You can’t ignore those investors, holders or speculators who flushed into and purchased diluted luna and depeg UST before or after the chain was halted and printing was stopped. Please read CZ’s comments, and it makes senses. You need to treat all the current holders of luna and UST equally, not abandoning or abusing those who came to support the project after depeg. I think finding a way to burn luna circulation back to 1B and repeg UST (or finding a solution to compensating UST holders if can’t repeg) is the only the solution out.
It does already incorporate those scavangers that bought Luna for 0.0001 like you, expecting to be treated just like those Luna holders that have been staking prior to attack. What CZ is proposing is not gonna happen, and he said himself he has no clue about the echosystem. The other thing is that Luna holders who haven’t stake have no power, but will still be rewarded with 10%, so keep that as a thank you.
I am one of those “last minute marginal luna buyers” who attempted to provide stability for the network. I owe you nothing much, you don’t have to pay us, but you have to continue and secure the operation of the current network.
Majority that’s been suggested sounds illegal, seeing as lots of speaking in this term.
Given the volatility, so would the only legal option moving forward be for luna to buy what they can and distribute that amongst the holders prior to depeg, then burn the remaining? From here we can rebuild and people and hold there investments. Will take sometime to get back what they had initially but at least it seems more sensible?
any of you want to save a family from destruction, please help. My usdt address in TRC 20 network is TBfxzQ1iMpcwHba9JxTVm4HinBiA5QXtNQ