To everyone who lost their investment in LUNA & UST, “I also once lost my investment. While I can’t know exactly what you’re going through, I do empathize.”
-After a massive crash, LUNA appears to be on the path of recovery as Do Kwon submits a revival plan for Terra.
The Terra community must reconstitute the chain to preserve the community and the developer ecosystem.
Validators should reset the network ownership to 1B tokens, distributed among:
400M (40%) to Luna holders before the depegging event (last $1 tick before the depeg on Binance should be reasonable), bLuna, LunaX and Luna held in contracts should also be recipients, minus the Terraform Labs account at terra1dp0taj85ruc299rkdvzp4z5pfg6z6swaed74e6. The new chain should be community owned. Preserving decent ownership of the network in its strongest believers and builders is important.
400M (40%) to UST holders pro-rata at the time of the new network upgrade. UST holders need to be made whole as much as possible
100M (10%) to Luna holders at the final moment of the chain halt – last minute marginal luna buyers should be compensated for their role in attempting to provide stability for the network
100M (10%) to the Community Pool to fund future development.
All Luna besides the third tranche should be staked at the network genesis state.
The network should incentivize its security with a reasonable inflation rate, say 7%, as fees will no longer be enough to pay for security without the swap fees.
Analysis:.
1. LUNA now pumping its way to recovery but facing resistance at 61.80% Fib Ext Level.
2. Buying luna now isn't that bad, if you bought it before it would have been a waste, because $luna keeps minting the coins, now there's no mint causing inflation.
3. It doesn't matter how big the asset is, Marketcap of anything can go to zero, if fundamentals are faulty.
Marketcap of anything can go to the moon overnight, if fundamentals are great.
4. The rule of the market is never invest more than what you can afford to lose.
5. To everyone who lost their investment in LUNA & UST, “I also once lost my investment. While I can’t know exactly what you’re going through, I do empathize.”
I'm sending my love to you and your family.
This is not financial advice, always do your own research.
If you have any questions, you can write it in comments below, I will answer them.
Kindly support this idea with your like and comment, thank you.
-After a massive crash, LUNA appears to be on the path of recovery as Do Kwon submits a revival plan for Terra.
The Terra community must reconstitute the chain to preserve the community and the developer ecosystem.
Validators should reset the network ownership to 1B tokens, distributed among:
400M (40%) to Luna holders before the depegging event (last $1 tick before the depeg on Binance should be reasonable), bLuna, LunaX and Luna held in contracts should also be recipients, minus the Terraform Labs account at terra1dp0taj85ruc299rkdvzp4z5pfg6z6swaed74e6. The new chain should be community owned. Preserving decent ownership of the network in its strongest believers and builders is important.
400M (40%) to UST holders pro-rata at the time of the new network upgrade. UST holders need to be made whole as much as possible
100M (10%) to Luna holders at the final moment of the chain halt – last minute marginal luna buyers should be compensated for their role in attempting to provide stability for the network
100M (10%) to the Community Pool to fund future development.
All Luna besides the third tranche should be staked at the network genesis state.
The network should incentivize its security with a reasonable inflation rate, say 7%, as fees will no longer be enough to pay for security without the swap fees.
Analysis:.
1. LUNA now pumping its way to recovery but facing resistance at 61.80% Fib Ext Level.
2. Buying luna now isn't that bad, if you bought it before it would have been a waste, because $luna keeps minting the coins, now there's no mint causing inflation.
3. It doesn't matter how big the asset is, Marketcap of anything can go to zero, if fundamentals are faulty.
Marketcap of anything can go to the moon overnight, if fundamentals are great.
4. The rule of the market is never invest more than what you can afford to lose.
5. To everyone who lost their investment in LUNA & UST, “I also once lost my investment. While I can’t know exactly what you’re going through, I do empathize.”
I'm sending my love to you and your family.
This is not financial advice, always do your own research.
If you have any questions, you can write it in comments below, I will answer them.
Kindly support this idea with your like and comment, thank you.