Where is the link to the source of this announcement?
Source is from https://twitter.com/MEXC_Global/status/1529478233582088193
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What I saw is that the MEXC platform is only buying back and burning its own currency "MX" For the Luna Classic, the MEXC platform was one of the first platforms that supported Luna Classic and listed it, but if the ANN that you mentioned is correct, this will undoubtedly help the Luna Classic holders to compensate some losses, although the MEXC platform has no fault in that.
I don't know the effects MEXC can create for LUNA community (now Luna Classic community) because the big drawback is trading volume on MEXC is not too high. They are not Tier 1 exchange. However I expect to see more support from other exchanges, especially Tier 1 exchanges. If they step in with such similar support like MEXC, it will be massive for LUNA Classic communities.Lune 2.0 after its launch, the loss of its price is already negative. I am not sure if they started this 2.0 at the wrong timing especially in the current market condition and after the tragedy on Luna.
For me, the trust of the people is already broken for Luna, even how the team is explaining to people, the amount lost on the Luna - UST is really huge. They can fix the issue or problem with Luna, but the trust seems impossible.
Maybe the Terra team and Do Kwon wanted to launch Terra 2.0 as soon as possible in order to reduce their legal issues potentially. Not sure they will succeed with the intention or not but in reality investors who got painful loss after the attack are still very disappointed with airdrop and Terra 2.0. No matter what price they entered from $60 to $1 and lower, they got same rate in the airdrop for Post-attack LUNA (old) so that is crazy airdrop.For me, the trust of the people is already broken for Luna, even how the team is explaining to people, the amount lost on the Luna - UST is really huge. They can fix the issue or problem with Luna, but the trust seems impossible.
From this, we can see the purpose is not to heal the painful loss for investors, small investors in particular.