New LUNA vs. Classic LUNA

[Lordhermes]

Kwon's team are looking for all means to compensate old investors and holders in the space for the sudden liquidation of their project. Recently, Terra Luna was the trending coin in the Crypto Market because of it's immediate deflation of the coin which cost many people to lose their money. Some lawnmakers have even started to question the people behind Luna projects. As for the New Luna which is said to be innovated into the space would be for new investors that invested after the dump of the coin while the classic Luna will be to compensate the old investors. Perhaps the team are still working on Luna projects to explore it once again.

[1715655548]

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[BitcoinPanther]

That was a good idea but what concerns me is that, how much will be the value of the new LUNA if the price is still the same as the old LUNA then what will be the difference? you are holding a new LUNA? What most of us wants is to get back all of our investment not to receive a coin that has the same value as the old one.

It was never a good idea to begin with.  Even CZ's advice is against forking.  The People behind Terra project are just creating a new token to escape the Terra Luna current problem.  Initially, this created token do not hold any value. The value in new Terra is just an illussion created by the developer to shut the mouth of the Terra Luna crash victims.

Kwon's team are looking for all means to compensate old investors and holders in the space for the sudden liquidation of their project.

Compensate at the cost of the new investors who jump in during the crash.  Isn't that sweet?

Recently, Terra Luna was the trending coin in the Crypto Market because of it's immediate deflation of the coin which cost many people to lose their money.

Isn't it supply inflation?  They decided to print more Terra Luna to sell to the market while crashing the price then decided to fork it.  Isn't this kind of plan malicious and may fall under fraud?

Some lawnmakers have even started to question the people behind Luna projects.

I hope these lawmakers can uncover how the people behind Luna projects deceive the masses.

[Myntist.official]

That was a good idea but what concerns me is that, how much will be the value of the new LUNA if the price is still the same as the old LUNA then what will be the difference? you are holding a new LUNA? What most of us wants is to get back all of our investment not to receive a coin that has the same value as the old one.

It was never a good idea to begin with.  Even CZ's advice is against forking.  The People behind Terra project are just creating a new token to escape the Terra Luna current problem.  Initially, this created token do not hold any value. The value in new Terra is just an illussion created by the developer to shut the mouth of the Terra Luna crash victims.

Kwon's team are looking for all means to compensate old investors and holders in the space for the sudden liquidation of their project.

Compensate at the cost of the new investors who jump in during the crash.  Isn't that sweet?

Recently, Terra Luna was the trending coin in the Crypto Market because of it's immediate deflation of the coin which cost many people to lose their money.

Isn't it supply inflation?  They decided to print more Terra Luna to sell to the market while crashing the price then decided to fork it.  Isn't this kind of plan malicious and may fall under fraud?

Some lawnmakers have even started to question the people behind Luna projects.

I hope these lawmakers can uncover how the people behind Luna projects deceive the masses.

New way to make money while the previous won't get any benefit from this hard fork until the reduce the circulation supply to1 Billion Luna Token. Even then it very difficult to make all time high again. They are giving false hope until now. Let's see what we get.

[kryptocanon]

The last time I heard, it says the new proposal would be put up for voting. I'm not so sure how genuine this news was as I never tried confirming the source any way. So whatever happens, either new or classic, I think LUNA has already lost its place and trust.

[iphone5s]

The last time I heard, it says the new proposal would be put up for voting. I'm not so sure how genuine this news was as I never tried confirming the source any way. So whatever happens, either new or classic, I think LUNA has already lost its place and trust.

Agree with what you said, there are many things that are odd with all of this and it makes people believe to sell their coins and try to think twice about investing with LUNA. I saw a very sad movement of the coin. But I don't guarantee it will always go down.

[99Percent]

I'm sure the new LUNA will not be good because now the LUNA Project has lost the trust of all investors

[RealMalatesta]

Kwon and his team are trying to waive their responsibilities to Luna, creating a new luna is not approved by many people but it seems that Do Kwon created a fake poll to convince his idea of creating a new Luna. It's all over there are still a lot of investment-worthy projects out there, we should stop thinking and hope this ponzi project will work again.

Many people are against it, that's the important thing that we need to emphasize. If people are against it, then he could do any fake poll that he wants and it will not be used and people will vote him out with their money basically.

It means that if he does it while ignoring everyone else, then it's not going to be a big problem, it is going to be quite easy to decide because everyone who owns any will end up selling and getting out and he would have to print more in order to cover the difference again and it will result with the same thing as Luna had to live and it will not change much. If that's the case then what's the point of even doing it?

[Kavelj22]

Is this official. Its like Ethereum vs Ethereum classic hard fork i dont know if this gonna be work smooth but i do believe that terra team need lot of money right now to do all of this

It's official and the proposal already published by luna developers since last a few days ago. I don't know but majority of holders are not having good impressions with the proposal. The luna developers team were doing shady things by creating the fork token and they are leaving from their responsibility to fix the problem in the old luna. Majority of people in the agora didn't even agree with the proposal that already published. I have been seeing that even the result of vote already removed as some people accused do kwon was doing another shady thing to the community. This problem will never be fixed

Exactly, Kwon and his team are trying to waive their responsibilities to Luna, creating a new luna is not approved by many people but it seems that Do Kwon created a fake poll to convince his idea of creating a new Luna. It's all over there are still a lot of investment-worthy projects out there, we should stop thinking and hope this ponzi project will work again.

Whether it is old or new, this is no longer useful because the project is supposed to have lost a large part of its credibility, if not all of it, because what happened is not an easy thing at all.
For those who wish to restore people's confidence in a project that has proven to be a failure, they are certainly among those affected by the recent collapse.
I would not advise anyone to regain confidence in these investments again.

[iphone5s]

I'm sure the new LUNA will not be good because now the LUNA Project has lost the trust of all investors

This is something that should not happen to LUNA coins, people are starting to distrust what they are doing. however the team gives confidence but some people are starting to worry about what will happen next.

[Samurai trieng]

The last time I heard, it says the new proposal would be put up for voting. I'm not so sure how genuine this news was as I never tried confirming the source any way. So whatever happens, either new or classic, I think LUNA has already lost its place and trust.

I agree with you,,,,whatever it has to do with Luna, especially if there are new tokens in the name or part of LUNA. I don't think this token will succeed in winning the trust of crypto users, because people are already very upset about what happened where luna has fallen almost 100% which made investors and holders lose their money.

[d3nz]

I'm sure the new LUNA will not be good because now the LUNA Project has lost the trust of all investors

This is something that should not happen to LUNA coins, people are starting to distrust what they are doing. however the team gives confidence but some people are starting to worry about what will happen next.

We cannot predict what will gonna happen after they launch the new LUNA, but I can see there may be a massive dump of LUNC followed by new LUNA after it gets listed on the exchange by the people who got rekt before the attack.

More people are buying into LUNA and hoping that they will get more "New LUNA" after the snapshot which is unfair to those people who bought after the 7th of May after the attack.

[zasad@]

https://decrypt.co/101323/terra-community-votes-approve-do-kwon-plans-revive-project
"Snapshots of user balances were taken before and after the crash of Terra ecosystem. Users who held through the entire period are entitled to multiple distributions including both the pre- and post-crash allocations."
Luna Airdrop Calculator
https://terrarity.io/luna-airdrop

[TastyChillySauce00]

The last time I heard, it says the new proposal would be put up for voting.

The voting already ended and exchange sites in preparation to airdropping the new luna token to the old luna holders. It's clear that some exchange sites like bitrue and mxc already announced that if these exchange sites will be fully supporting the terra luna. If you are watching the latest update and even the ticker of old luna in some exchange sites already replaced with the new luna called lunc that means luna classic. Even ust already replaced as well into the ust classic.
The new luna will come tomorrow.

[BuNga_cute]

The last time I heard, it says the new proposal would be put up for voting. I'm not so sure how genuine this news was as I never tried confirming the source any way. So whatever happens, either new or classic, I think LUNA has already lost its place and trust.

I agree with you,,,,whatever it has to do with Luna, especially if there are new tokens in the name or part of LUNA. I don't think this token will succeed in winning the trust of crypto users, because people are already very upset about what happened where luna has fallen almost 100% which made investors and holders lose their money.

I am one of those who are pessimistic about the release of new LUNA, because no matter what the LUNA development team does, it cannot eliminate
the fact that many investors are already disappointed with what happened to LUNA. I even think of LUNA as a scam project, so I will not be interested
in any project created by the LUNA team. I also believe that many investors have lost their trust in the LUNA team, they must think that what
LUNA team is doing doesn't solve the problems that happened to LUNA. However, the release of new LUNA is considered to attract new investors,
so that the LUNA team can benefit again. As soon as new LUNA was released on several exchanges, I'm sure soon the price will dump immediately.
So I think LUNA's future is hopeless, after LUNA harmed a lot of investors.