Post
Topic
Board Altcoin Discussion
Re: Terra Luna Classic and Terra Luna 2.0
by
RealMalatesta
on 05/06/2022, 15:04:02 UTC
There are validator and DEX burn Luna Classic

LUNC DAO burn LUNC from their earning in LUNA staking. They burn LUNC daily and the number of LUNC burned depends on how much earning they get from their LUNA staking pool.
https://twitter.com/LUNCDAO/status/1531396601192792065

Burning DEX
https://twitter.com/burning_DEX/status/1532412626008932353
https://medium.com/@BURNING_DEX/introducing-a-dex-for-the-people-d1a2b05b29eb

It is good move from community and if it expands more, LUNC will get good support and their total supply will reduce. It is worth to note I don't promote the validator or the DEX, use their service with risk.
I do not think that trying to return something back to life when even the project creators agree that it is gone, would be a good idea. Luna classic nor luna 2.0 or UST or anything that was created based on this ecosystem will recover, you could burn it all and have just 1 left and it would still not be worth anything. Just accept the fact that it is gone and it will never be recovered and we will go a lot better and further along the way.

I believe that investing even 10 bucks on something like this makes no sense to me at all. It would make sense if there was a true team behind it, or it was decentralized, but with the way it is right now? I have no hope.