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[Horia_10]

The Terra founder has requested that the community must revive the ecosystem and he is ready to give 1billion more tokens to the community ecosystem

The binance CEO said " printing or minting more coins will only lead to dilution "

He said " that the company should buy UST to try binging the cap and the price up "

He also questioned about the $1.2b worth of missing bitcoin from Luna guard reserve that are not used and are accounted at the moment inspite of the crash

 

[Niftyicon]

I doubt anything could be salvaged of the Luna project but I guess if something is done about the stable coin UST, it may keep LUNA out of extinction although the price may hardly ever rise to 1/200th of where it was before the crash. It is no way surprising that Binance initially had to stop its trading just to keep the platform sane.

 

[achawaskey]

I think the fall of terra is as a result of inability to founders to manage the platform despite the advice given from those that are experience in cryptocurrency trading, they fail to do something despite the luming danger and are now trying to remedy the situation.

 

[Horia_10]

The project is finished and so the trust of the people on it , the epic crash of the project though has turned many investors into non-believers in the Crypto and hence they will be now looking to consolidate things up first and then might try again with any new project but in small amounts to start with

 

[Wisdom01]

I think the fall of terra is as a result of inability to founders to manage the platform despite the advice given from those that are experience in cryptocurrency trading, they fail to do something despite the luming danger and are now trying to remedy the situation.

they actually know what they are doing ,they dont want to spend more in the project ,if they had burnt more token and stop minting more token when the price was falling rapidly , probably they would have escaped this much fall ,but it's quite unfortunate to see how things went probably in the wrong way

 

[Horia_10]

they actually know what they are doing ,they dont want to spend more in the project ,if they had burnt more token and stop minting more token when the price was falling rapidly , probably they would have escaped this much fall ,but it's quite unfortunate to see how things went probably in the wrong way

No man ! They were not at all loyal to their community as they never pledged the btc they had via the Luna foundation which could had saved Luna drastically and might had allowed new buyers to buy huge volumes so thing could have settled out very soon but they didn't do that and therefore they are much now claiming to have new solutions but in facts they have no real solutions ; the actual investors have lost the trust in their project and that's reality not a fiction story mate ! .

 

[Wisdom01]

No man ! They were not at all loyal to their community as they never pledged the btc they had via the Luna foundation which could had saved Luna drastically and might had allowed new buyers to buy huge volumes so thing could have settled out very soon but they didn't do that and therefore they are much now claiming to have new solutions but in facts they have no real solutions ; the actual investors have lost the trust in their project and that's reality not a fiction story mate ! .

yes definitely ,they had even lose investors trust now , because if they make decisions to burn the token now ,no one would now like to purchase again ,after probably some people had see a fake system and project they were building , I guess this was a big stain in the crypto currency community

 

[fiery phoenix]

Fast forward some weeks later Binance were among the primary exchanges to accept Terra back amid all the commotion over its crash.Its surprising how quickly this exchange turned back on its word,Terra fork has happened and they have accepted it probably because Terra company is airdropping new Terra tokens as compensation to those who lost in rhe crash.The market cap of Luna Classic is way below 1 billion and investors lost around 40 billion in total and they call this airdrop a compensation?

 

[Horia_10]

That's my point as well ; this compensation is a joke ; I would had considered it a compensation it they had minted new tokens and would had given at-least 80% value of what people were holding at the peak ; then that was a compensation ; but at the moment ; it is a joke on the investors and not a compensation actually .

 

[Yugocean]

This is all business.

Binance was paid in Bitcoins by Luna Foundation Guard (LFG), to accept network reboot and airdrop Luna/ UST HOLDers. So CZ cannot refuse it. Most of others too.

It is Coinbase which reduced to accept the hardfork, because it wasn't paid anything.

 

[Wisdom01]

Fast forward some weeks later Binance were among the primary exchanges to accept Terra back amid all the commotion over its crash.Its surprising how quickly this exchange turned back on its word,Terra fork has happened and they have accepted it probably because Terra company is airdropping new Terra tokens as compensation to those who lost in rhe crash.The market cap of Luna Classic is way below 1 billion and investors lost around 40 billion in total and they call this airdrop a compensation?

it's better that they dont give any compensation , because the amount some people recieved for the airdrop is really low ,it would have been better off ,if they burn the token , because even the Luna classic isn't boosting people are really losing interest

 

[gammarays]

Well the new Terra Luna didn't achieve it's purpose like it was stated. The community prefers Lunc now which they're making plans to revive. A broken trust is very difficult to recover. The only way Luna will recover from the shadows of the past is if Lunc explodes to something better.

 

[BullyMaguire]

Thing is i think the main reason why this never worked as they intended or even the suggestion of the Binance Ceo is because they already lost the trust of their biggest investors that trusted them with huge investment amount before and they won't take the same mistake again. Most people now are in this short term.

 

[Yugocean]

The fact is that Binance later accepted Terra's Herefordk Luna 2.0, (it is available to trade in Binance), and CZ is now asking people to invest in their Luna 1.0 (LUNC) as well, the same Luna which destroyed market. Binance was also in controversy recently for charging a 1.2% tax on it