So if I got into 10% category, and have 4 million of Luna tokens as of now, what will happen? Are we gonna have token split? millions to thousands ratio? Please need your expertise.
You will have around 6 tokens within a supply of 1 billion.
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That is exactly what I am saying.
The halt of the blockchain occurred days after the depeg.
Those with UST in their Terra account at the time of the halt paid for $1.001+ per UST, as opposed to those buying now at $0.10 in hope of a reward.
People who paid $1.001 for UST and held their UST days after depeg should come first.
UST will be delisted from the exchanges in time if nothing material happens soon. Those who are buying and selling at this point are merely speculating.
They need to weight the coins acquired during hyperinflation accordingly, to eliminate the effect of hyperinflation. Every exchange knows when the latest coins were purchased and the levels of hyperinflation are well known. Whether they will do this is another story.
It can be interpreted two ways, depending on one’s grammatical interpretation.
- At the time of the new network upgrade, UST holders will be rewarded pro-rata
or
- UST holders who are holding at the time of the new network upgrade will be rewarded pro-rata
Similar to careless writing in the example below:
She served sandwiches to the children on paper plates .
Technically, the sentence says the children are on paper plates, but logically, we know the author meant the sandwiches were served on paper plates.
It all comes down to grammatical interpretation.
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I bought in after not long after it depegged, but still trusting in the UST.
All I want is my initial investment back. I didn’t take my money out but would have if I knew it wouldn’t be recovered.
I lost alot of money in this crash. But the people buying on the way down when luna & UST was on a death spiral are honestly clueless.
How could you not tell the system was collapsing. Do you think a 99% drop in 48 hours means something will recover?
People claiming like they were trying to defend the peg when luna was under a dollar is total BS. They thought they’ll make alot of money if it bounces. It’s as simple as that.
The people who need to be made whole are the ones who never sold primarily. People who had LUNA and UST pre crash till post crash. Followed by the people who sold their UST/LUNA yesterday since it was obvious at this point that the system wasnt going to recover.
UST holders need to be prioritized first. Luna holders from pre crash 2nd.
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Also, the snapshot should be from the moment before they began hyperinflation, not from the moment the blockchain was halted.
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Those that believed in the network decided to buy after the de-peg because they believed that LUNA and UST would recover. Whales wouldn’t have taken that risk.
@dokwon Are you sure? 10% for speculators, that buy $luna for $0.01 
It was a gamble and a lottery, one bought 10k, other in next time 100 mln as same price, such a crazy idea 
Wouldn’t it be better to reward real HODLers, not speculators who were also pulling the price down?
The rest looks good 
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some people trade intraday you know?
we are not all boomers like you.
It wasnt a straight run to 0, many many people bought and tried to hold the price.
Even after the news.
You are just assuming your opinion is true and its not
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Guys this plan is the best so far. check it out if you still haven’t!
He said a snapshot of wallets would be taken using the last time UST ticked above or = $1.00 on binance. This looks like it would be around May 7 2PM EST. As long as you had Luna or UST at that time you should be compensated.
How would this work for those who held their assets on a different chain before and during the atrack. My UST is currently in Solana
Originally fell in love with Terra’s roadmap. The idea of several stable coins that could run automatically decentralized resistant to censorship is the ticket to freedom. Anything new will have its growing pains. A true builder knows this and makes it better. Getting away from that thesis turns this protocol to yet another meme. The value of an L1 is in the thesis. In fact the value of any company is the thesis. Changing the mission to a bullshit collateralized CBDC is another form of the same economic slavery. Lock up the excess coins and produce a bond inflationary coin. Take a dual system approach. Don’t throw out Luna and turn it into government backed clone of Juno.
Personally i think this is the wrong play. I think you should analyse the exchange charts, look at where most of the dip in both ust and luna occurred (approx 24-36hrs post de-peg) and snapshot there. Majority of the exiters will have exited by this point and regained roughly half of their investments ±. Diehard holders, as well as locked investors and those trying to help stabilise luna and the peg will be buying in at this point. And i think you should include all luna and derivatives as well as ust holds in this across the chain.
Thanks man! I definitely need to sell all my Luna tokens and buy more Cardano or Bitcoin!
Those are the only 2 that I’m really heavy rn. and…Wait Chainlink and Propy are great ones too!
Good luck to you!
Listen to this guy, he has the right medicin for our current dilemma, forking the chain is just going to kill all assets and seal the deal on peoples losses permanently
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I bought in after not long after it depegged, but still trusting in the UST.
All I want is my initial investment back.
I didn’t take my money out but would have if I knew it wouldn’t be recovered.
When UST was at $0.7 LUNA was at around $1, and while UST rose all the way to $0.8, LUNA never really went down $1. That’s where I saw the situation was stabilizing, thought they had it under control and the peg was going to recover soon, since it was at .8 already.
So, I couldn’t imagine UST went down again and everything could go down like that again.
So, yes, it definitely looked like it would recover if you ask me. And it was a good opportunity to finally invest in this project, which I couldn’t afford before. Who doesn’t want to be on profit? Or do you invest to hold until eternity and suck the project’s dick without ever profiting?
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