LUNA 2.0 SMART SCAM
➡️LUNA GOES FOR ANOTHER HARD FORK THE HOLDERS ARE SCAMMED FOREVER
➡️THE REVIVAL PLAN IS NOT AN EXACT REVIVAL - PROVES TO BE A SMART RUG PULL
➡️LUNA will be renamed as LUNC which will never hit back above 0.0001 to 0.0005 region.
Summary
Token Distribution
Community pool: 30%
Controlled by staked governance
10% earmarked for developers
Pre-attack LUNA holders: 35%
All bonded / unbonding Luna, minus TFL at “Pre-attack” snapshot; staking derivatives included
For wallets with < 10k Luna: 30% unlocked at genesis; 70% vested over 2 years with 6mnth cliff
For wallets with < 1M Luna: 1 year cliff, 2 year vesting thereafter
For wallets with > 1M Luna: 1 year cliff, 4 year vesting thereafter
Pre-attack aUST holders: 10%
500K whale cap - covers up to 99.7% of all holders but only 26.72% of aUST
30% unlocked at genesis; 70% vested over 2 years thereafter with 6 month cliff
Post-attack LUNA holders: 10%
Staking derivatives included
30% unlocked at genesis; 70% vested over 2 years thereafter with 6 month cliff
Post-attack UST holders: 15%
30% unlocked at genesis; 70% vested over 2 years thereafter with 6 month cliff
Definitions:
“Pre-attack” snapshot to be taken at at Terra Classic block 7544910 (2022.05.07 22:59:37+08:00)
“Post-attack” snapshot to be taken at Terra Classic block 7790000 (2022.05.27 03:59:51+08:00)
➡️LUNA GOES FOR ANOTHER HARD FORK THE HOLDERS ARE SCAMMED FOREVER
➡️THE REVIVAL PLAN IS NOT AN EXACT REVIVAL - PROVES TO BE A SMART RUG PULL
➡️LUNA will be renamed as LUNC which will never hit back above 0.0001 to 0.0005 region.
Summary
- Create a new Terra chain without the algorithmic stablecoin. The old chain to be called Terra Classic (token Luna Classic - LUNC), and the new chain to be called Terra (token Luna - LUNA)
Luna to be airdropped across Luna Classic stakers, Luna Classic holders, residual UST holders, and essential app developers of Terra Classic.
TFL’s wallet (terra1dp0taj85ruc299rkdvzp4z5pfg6z6swaed74e6) will be removed in the whitelist for the airdrop, making Terra a fully community owned chain
Allocate a large portion of the token distribution in 1) providing emergency runway for existing Terra dapp developers 2) align interest of devs with the long term success of the ecosystem
Network security to be incentivized with token inflation. Target staking rewards of 7% p.a.
Token Distribution
Community pool: 30%
Controlled by staked governance
10% earmarked for developers
Pre-attack LUNA holders: 35%
All bonded / unbonding Luna, minus TFL at “Pre-attack” snapshot; staking derivatives included
For wallets with < 10k Luna: 30% unlocked at genesis; 70% vested over 2 years with 6mnth cliff
For wallets with < 1M Luna: 1 year cliff, 2 year vesting thereafter
For wallets with > 1M Luna: 1 year cliff, 4 year vesting thereafter
Pre-attack aUST holders: 10%
500K whale cap - covers up to 99.7% of all holders but only 26.72% of aUST
30% unlocked at genesis; 70% vested over 2 years thereafter with 6 month cliff
Post-attack LUNA holders: 10%
Staking derivatives included
30% unlocked at genesis; 70% vested over 2 years thereafter with 6 month cliff
Post-attack UST holders: 15%
30% unlocked at genesis; 70% vested over 2 years thereafter with 6 month cliff
Definitions:
“Pre-attack” snapshot to be taken at at Terra Classic block 7544910 (2022.05.07 22:59:37+08:00)
“Post-attack” snapshot to be taken at Terra Classic block 7790000 (2022.05.27 03:59:51+08:00)
The drama of Terra continues, as a whistleblower going by the name “FatMan” spills the beans regarding an alleged shady conspiracy.
An apparent whistleblower dubbed “FatMan” took to Twitter this week to implicate everyone and their moms in the downfall of Terra. Claiming to be linked with the Terra Research Forum, they allege that Terraform Labs (TFL) was cashing out millions of dollars each month from the LUNA supply and handing it to senior employees.
FatMan tweeted statements given by the victims of LUNA’s downfall, outlining what $31bn being wiped off a crypto’s value overnight can do at a human level. While his intentions seem rooted in drawing attention to malpractice, there’s so far been no way to verify the validity of the fillin’ he’s been spillin’.
Terra is now preparing for a hard fork to resurrect it from the dead, so the last thing it needs is a conspiracy piled on top of what is already a very tenuous level of trust it has with users. Many were quick to call Do Kwon a rug puller, but he has been fairly active since Terra’s disasterclass, and seems intent on sticking around to fix the mess.