Post
Topic
Board Altcoin Discussion
Re: Do Anyone Think Luna Will Recover?
by
Xal0lex
on 14/05/2022, 21:16:08 UTC
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.

Not everything is as simple as I initially thought. LUNA is not so easy to buy, the exchanges either delisted or blocked the input/output of assets.

I recently read that the team has already published an action plan to restore the asset: https://twitter.com/terra_money/status/1524654729753956352

Quote
1. Proposal to burn the remaining UST in the community pool.
2. TFL will burn the remaining 371 million UST cross-chain on Ethereum.
3. TFL just staked 240 million $LUNA to defend from network governance attacks.

I also read that the possibility of rolling back the blockchain to when the attack began, as well as disbanding Terraform Lab, is being considered.