Post
Topic
Board Altcoin Discussion
Merits 1 from 1 user
Re: Luna holders will get new token.
by
DVlog
on 14/05/2022, 03:48:22 UTC
⭐ Merited by libert19 (1)
Luna lose his credibility and all who took any loss should get compensation.

This, no matter what they do, the damage has been done already, yeah it's good that they will compensate those investors but not everyone can get it.

I guess we should stay away from LUNA for now, the project or the people behind is not to be trusted as we unravel a prior rug pull as well from the same people years ago. It was a total disaster that the whole crypto market went down with them in the last couple of days.

There were many possibilities to save the project but the team's only concern was to repeg UST which was already lost. Right now the team could buy back every luna token from the market by contacting the exchange because they have most of the liquidity right now. Buy back everything and burn tokens to reduce tokens from circulation. Though the team lost its credibility still there are people who will support luna and their comeback. Especially those who lose thousands of dollars in these incidents.

It is hard to see a great project like luna die. There are tons of generous minds and Dapps in that ecosystem who lose their jobs overnight. Luna had smooth UX which users will miss but what happens in the past few days caused death and irreversible damage to many people's life.

This was a pre-planned attack and the attackers should be punished too.