is it possible UST recovered ?

[RussianEnglishTranslation]

Projects and the community have left Luna and are moving to blockchains like NEAR, BNB chain, and Candlelabsdotorg. These chains are providing airdrops, bounties, and grants for developers.

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[amihada]

Right now it is very difficult to say ust will recover because the price has dropped drastically even if it will recover it will take a long time to get back up yesterday i read that luna will launch a new coin but it's just a waste in my opinion do you agree with me?

[dtpman83]

Having two competing chains LUNA classic and LUNA v2 makes it even more difficult.
Besides the fact that Do Kwon is a criminal and no one trusts him. He sold the BTC reserve OTC instead of defending the peg. He even sold more than 800 million UST to buy LUNA.

UST is not even considered to be part of the new LUNA V2 anymore. We can not count on Do Kwon or the terra team.
Especially after the tweet "UST is more than Luna"...


For new buyers they definitely should stay away.


For pre depeg holders: I personally hold on to UST. Not because i think it repegs. More for legal reason because i simply just not know if selling is the right move.
There are tons of class actions going on. They are free for the victims, but laywers get a big percentage if they win. If the laywers loose, they have to pay the cost by themself.
Joining legal action does not cost anything for those contigency based. We can only win by it.


Check out Fatmans Discord server for legal companies joining. They have 3 big companies, one called Roche in the US. Others will be revealed later i think.

Fatmans Discord Server for UST victims:
https://discord.gg/k3DPgn9ds6

[hichamito37]

The fact that Luna will release a new version and no ust will be minted from the new version, this is the end for just. Luna and ust failed, I think Luna v2 will be Dokwon's next death. Don't catch the bottom with these 2 shitcoins if you don't want to keep losing money with it.

[ZAINmalik75]

Definitely not because it's de-pug too badly and in my view it's can't be recovered because according to Luna team ust is the main reason of Luna dump so in mind no one will be trust on ust and no one will invest his fund in ust after that kind of situation. So move on and stay away from ust if you didn't want your fund loss again

[kojektea]

is it possible UST recovered ?

Impossible. Dev has tried his best for UST to recover, he even spent hundreds of thousands of bitcoin dollars for all bitcoins to ensure UST remains stable but can't make it return to all prices until the supply of LUNA and the LUNA-UST protocol is stopped and it has been abandoned by dev. They're about to start LUNA v2 but as for the fate of UST I think it will really disappear from existence.

[Dr.Osh]

is it possible UST recovered ?

Impossible. Dev has tried his best for UST to recover, he even spent hundreds of thousands of bitcoin dollars for all bitcoins to ensure UST remains stable but can't make it return to all prices until the supply of LUNA and the LUNA-UST protocol is stopped and it has been abandoned by dev. They're about to start LUNA v2 but as for the fate of UST I think it will really disappear from existence.

Another reason is that even when the CEO of Terra tries to cover UST, people continue to lose faith in the project he owns. I think, it is very difficult to recover. it's a stable coin, and very prone to crashing again once it's recovered, in fact, I think people prefer to use other stable coins over UST. so far the price is still under $0.1, and it proves that this is a stable coin that failed.

[bittraffic]

is it possible UST recovered ?

Impossible. Dev has tried his best for UST to recover, he even spent hundreds of thousands of bitcoin dollars for all bitcoins to ensure UST remains stable but can't make it return to all prices until the supply of LUNA and the LUNA-UST protocol is stopped and it has been abandoned by dev. They're about to start LUNA v2 but as for the fate of UST I think it will really disappear from existence.

What would they use as stablecoin in Luna v2?  I did read some users talking that they will be using USDT as reserve to peg their stablecoin. Is it confirmed?

They are about to start it, I am thinking of getting in even just worth alittle amount grabbing 100K LUNA for the snap. If the price of v2 will be like $1, that's a very good profit. Its the possibility of it going to a $ will be doubted by many of the speculator.

[hugeblack]

If you still believe that this project will come back, it is better that you provide your faith in something truly decentralized like Bitcoin because the centrality offered by this project says that it will not come back unless many investors put their money in it, and after this failure there is no reason to deposit money with them .

They are about to start it, I am thinking of getting in even just worth alittle amount grabbing 100K LUNA for the snap. If the price of v2 will be like $1, that's a very good profit. Its the possibility of it going to a $ will be doubted by many of the speculator.

According to the last I read, they will get rid of the concept of stablecoins, and then it will be only Luna coin (OLD LUNA and HardFork LUNA CLASSIC) with an attempt to pump the price to restore trust, in other words they admit the failure of their software.

[kryptocanon]

Maybe we should talk about LUNA getting recovered first before UST, because as far as I know, there's no UST without LUNA. However, it's good to have the LUNA 2.0 here.. Let's see how it turns out.

[Rigon]

is it possible UST recovered ?

It's impossible. UST can never be recovered. When a stable coin moves to such a position, it is not possible for anyone to recover it.No matter how hard the team tries, it won't work. There was a time when they corrected their mistakes but they could not.Tera Luna UST is theirs today for their mistake

[bitkanu]

is it possible UST recovered ?

How do you protect UST? How do you recover UST where a stable coin 0 can come.People have now lost all faith in this UST. Now people have moved away from this UST. They will no longer invest in this UST. This UST platform has thrown people into a lot of destruction.

yeah even it seems UST is like an abandone altcoin, the value has fallen so low that it's just waste of money recovering it back, honestly anyone should just ditch this one and move with better similar coin like USDT, USDC and anything that's not algorithmic stablecoins.
Frankly, I doubt it could even recover back to $0.2 let alone back to $1 again because simply put most of us has lost trust in this coin and surely not gonna repeat the same mistake again.
after all, there are many alternatives for our investment, and some of them are backed by real money.

[bitcub]

I guess it won't recover anymore as the "LOYAL INVESTORS" of Luna who got rekt and liquidated have already left this coin, some committed suicide. Just remember what happened to Bitconnect if this coin will comeback no one will surely invest to this shitcoin. So i guess the reliable stable coin as for now is BUSD or better leave the crypto space for now withdraw your asset and wait for BTC to start bull run.

[$anounimus$]

is it possible UST recovered ?

Recovery is definitely possible but it will take time especially after the Terra (LUNA) incident. Like other investments, the future of UST is uncertain and no one knows how it will turn out and maybe UST isn't over until it's finished. But I think it's a good bet, even now, for last a long time at UST.

[rugrats]

is it possible UST recovered ?

Recovery is definitely possible but it will take time especially after the Terra (LUNA) incident. Like other investments, the future of UST is uncertain and no one knows how it will turn out and maybe UST isn't over until it's finished. But I think it's a good bet, even now, for last a long time at UST.

Ust is minted from luna burning so how to recover when old luna token has been removed from exchanges and replaced by new luna token and the new luna has nothing to do with just. There are so many value tokens worth investing out there, why can't we just buy them. really ust is dead and nothing can be salvaged.

[funteki]

is it possible UST recovered ?

there is no chance to recover for a stable coin which is 0.05 rn

[nur rochid]

is it possible UST recovered ?

Recovery is definitely possible but it will take time especially after the Terra (LUNA) incident. Like other investments, the future of UST is uncertain and no one knows how it will turn out and maybe UST isn't over until it's finished. But I think it's a good bet, even now, for last a long time at UST.

Ust is minted from luna burning so how to recover when old luna token has been removed from exchanges and replaced by new luna token and the new luna has nothing to do with just. There are so many value tokens worth investing out there, why can't we just buy them. really ust is dead and nothing can be salvaged.

Indeed, many people have not been able to wake up from the Luna incident, many are still full of hope that UST will return to normal. but we have to think logically, it seems difficult to recover to its original condition. but if we still have faith, I think don't use your full capital to invest in it, because the risk is high. indeed there are many other coins that are worth making a profit. don't be too optimistic with our expectations, but we must learn to understand the market's desires

[lixer]

What would they use as stablecoin in Luna v2?  I did read some users talking that they will be using USDT as reserve to peg their stablecoin. Is it confirmed?

They are about to start it, I am thinking of getting in even just worth alittle amount grabbing 100K LUNA for the snap. If the price of v2 will be like $1, that's a very good profit. Its the possibility of it going to a $ will be doubted by many of the speculator.

I would guess that if you are getting anything from the snap then it's fine and sell it and move on. However, reality is that nothing will make it recover and it will always be a shitty thing and it will never recovering ever again. I believe that UST and Luna are fully gone and it will not recover. They can do all the snapshot, all the rollback, all the things they want to do and it will never recover because the idea is gone.

Coins itself could recover magically today, even in that situation it will go back down. When you lose peoples approval, there are no methods that you could comeback, there are just thousands of other coins they could invest, why care about Luna.

[makishart]

there is no chance to recover for a stable coin which is 0.05 rn

Only true believers of UST that will think if this has a chance to recovery. yeah the UST holders already recovered some through selling their new token from the luna airdrop. Im sure that some people able to recover at least less than 50% from their investment but yeah that's better rather than get nothing from their holding. The rest will become the true losers caused by they will not able to get the hardfork coin again.

[Furious 7]

Technically, when you see that a managed project does not have the principle of trust in terms of the project and its development, then what can be maintained for that matter.
I personally don't think there is a right way to save this coin even though it is indeed called a stable coin and there are still many who still hope that this will return to the way it was but this is something that is very difficult and even tends to be impossible to return