I want to hear from people and the community, asking for support. I don’t want to get frustrated with this kind of decentralization and believe in the power of community.
Do Kwon made a statement and thanks to people like me and others about how they helped save this fall by buying the Luna token. I bought for $500 to me that’s worth a lot of money, I know stories and worse. I’m from a poor country called Ukraine. But that’s not the point. They thanked me and gave me 0.05 new Luna coin. Thank you for such gratitude (that’s sarcasm)
How can you do such an irresponsible distribution, and people who speculated on this and traded after the markets opened got even more at no risk. Support my message to be heard from the management and be ashamed
I had $200K Luna/StLuna in LPs at the start of the depeg.
I had $50K UST at the start of the depeg, this was allocated nothing.
I bought some more luna on the way down.
I get railed in the ass because for 12K UST and 700K Luna, and my pre-depeg snapshot I receive a royal total of 390 Luna in refunds which will be worth $1K by tomorrow.
I’m sure there are already groups of people like us who have been affected by the wrong policies of Do Kwon. We need to tell everyone about our problem as much as possible. our story may be of interest to the media. I suggest to start creating a group in telegram.
You bought some coins, hoping they would be worth more later. Same as for anyone else who had ever bought LUNA. I understand you gambled, and so far have lost: but that’s a choice you made.
Thankfully, although you dug the hole you’re in, you can get yourself out of it. Are you going to HODL and stake until all your LUNA has vested, or are you going to swap to another coin? A lot of people are in the same boat, and are looking for things they can do, and would love to hear your ideas! They’re tired of generic posts crying to the universe
But what about those people who, after the May 7 snapshot, sold their LUNA and UST and received compensation? didn’t think about it? they won twice. Is it our fault that DO KWON decided to issue 6 trillion more coins? Or are we to blame for the fact that he stole 80,000 BTC? Think about it…
Some who gambled on LUNA did well, others did not. That’s gambling for you. Didn’t think about that?
Do Kwon didn’t issue anything: the same automated system that was built into LUNA/UST since launch started to mint coins like it was supposed to. Mint/burn is in the whitepaper, and is the core feature of an algorithmic stablecoin.
Does Do have 80,000 BTC now? Or was there an account of how the coins were spent slowing the depeg, verified by many in the community? Spending that Bitcoin allowed the community to get out at higher prices than the rest of the market was offering: it funded a ton of sell orders made by people like you and me. Think about it…
I understand you’re disappointed: alot of use degens are - we all wanted moon lambos . But lying to others in the forum doesn’t help anyone.