Some people didn’t know about the whole supply mechanism, and lost tons of money, how do you think we feel about it too :-/
mine is also in binance… they halted withdraw but maybe it might work now? unless the chain is still down?
You can create and distribute as many tokens as you want but… they will never have the value of the original Luna… The trust is gone, so is the value.
We are the ones who lost our money. We should be compensated, not the new ones. How can you tell who was the old and who was the new? Even with all our losses, we didn’t sell and we bought too. Now tell me how do you know this
How come that restarting before the de-peg makes more sense than just burning Luna….
So if i have LUNA from years i willl receive a very low compensation and if i buyed UST after the de-peg at 0.86 and more LUNA i wouldnt receive anything, can someone let me know exactly?
Hello, I wish you all the best, I would like to know what will happen to the LUNA coin? Disappear? Or will it automatically convert to a new token for us?
But where do you draw the line?
Same with those who bought UST after depeg
Everyone - Don’t kill me over this, just thinking about things.
Halt UST trading and the minting process for LUNA. Award the people who still hold UST the equivalent coins in LUNA (11.28 billion) then buy/burn LUNA until you reach around 12.28 billion LUNA (UST circulation plus the 1 billion target circulation of whatever your forked coin is). Maybe you can acquire the 1.7 billion market cap of UST to do so (I have no idea how that would work)? With LUNA at a value of $1 in the future all those people who are currently staring at 15 cents per UST could have a chance at regaining their money back. The people who sold UST on the way down can start buying back LUNA and would easily recover loses over time. Same with people who bought/sold LUNA on the way down. Yes people who bought LUNA under 1 cent could make a fortune but that’s better than everyone stuck with nothing. Once LUNA is at 1$ (roughly $12.28B market cap) you can then re-introduce UST (or another labeled stable coin) with the proper amount of backing and proper fundamentals. Your 1 billion coin distribution isn’t going to go very far when there were roughly 18 billion before the crash just in UST.
This doesn’t protect Bluna holders who got liquidated to nothing. Personally had 2,000 lunas prior to the attack and got reduced to nothing after 3 liquidations. Having held Luna for a year now, this seems to be excluding a lot of loyal holders
Isn’t the LUNA minting system trying to create enough new coins to offset the sale of like 12billion UST? I think they have 3bil in loaned-out BTC reserves they could get back? So, Step #1 would be: ‘Find $9 billion USD from someplace’
Only reward those who doesn’t sold any luna like. My luna still stake in staderlabs. I was hoping this event will fade away so I decided not to unstake my luna. I also support your guys by buying more luna during the depegg.
Because this discriminates true legacy loyal Luna holders who bought Luna way earlier than people who were buying it at <$1. It will create an enormous selling pressure as they just want to dump the tokens right away
And what about people who got liquidated to nothing on anchor?
Btc is for rich. 1btc is like 29k? I’d wish anon community will get through to the bottom of this and hack those accounts that greedily drained the capital.
kwon doesn’t give a damn, it was your risk, his reward. he still has all the money and all the income. all his bullshit about community is just a ploy to get more money
switch on deflationary protocol
create pool
let the people mint luna and ust to different pools
burn minted
give back forked 1to10 ratio
make capitalization for fork from your btc`s
The people gambling on margin? Or do you mean someone else…
I’ve been holding Luna on a exchange that pays me interest for over a year since befor the last depeg would I be included in this snapshot or would that be up to my (exchange) to support the new chain.
Been a Lunatic for a long time really hope there is any chance of reviving this ecosystem y’all were really doing something no one else was doing.
Best of luck to all affected by this ![]()
I don’t think it’s fair to reward the whales, after all a lot of people lost their money trying to support LUNA while the whales speculated on the death spiral and rocked the price
do’s initial proposal seems to be more inclusive