He added on Wednesday: “I understand the last 72 hours have been extremely tough on all of you – know that I am resolved to work with every one of you to weather this crisis, and we will build our way out of this.
LUNA has lost 100% of its value, it now has SCAM status and investing now will be like playing the lottery. It's sad that such a once major project collapsed so quickly, like a house of cards. I would now see it as a kind of lucky investment, by buying $100 worth of tokens, like a meme-coin investor sometimes does with the hope that there will be steep growth.
This project can only recover with a complete overhaul of tokenomics, the pegging system, minting, and other mechanisms. If the developers can recycle all that and present a good product, more secure and sustainable, maybe LUNA will rise from the ashes. In the meantime, it is one big disappointment.
To do this of course will take a lot of thought, effort and money. And the intentions of the founder and the developers.
Do Kwon the founder of Terra or LUNA himself has also yet to announce any further preventive or corrective steps or what he will do to save LUNA at this time.
I hope there will be good news for investors regarding this.
As you said, the reshuffle of the team is very influential on LUNA's survival, it's just a matter of time what the team will do. Hopefully your $100 can give you the best or nothing.
Things could not get this worse if they only heed the Binance team's suggestion to stop the chain right on time many have doubts about their recovery plans and if they implement the recovery plans the biggest question is will investors get back to trust them again, some bought Luna when it went crashing will these have values if they implement a relaunch, there are talks of snapshots until now the community is waiting for the next move and it should be a good move that can bring the community to trust them again.