MEXC x LUNA Recovery Plan - Vote to Win 5,000 USDT Bonus!

[brives887]

MEXC is delighted to offer a special recovery plan dedicated to the LUNA community.

All users who participate in the recovery plan will share an additional 5,000 USDT worth of rewards. Details are as follows:

Extra Benefit: 500 lucky participants will be randomly selected to each receive a 10 USDT bonus or a 100 USDT LUNA USDT-M futures position.
Period: 2022-05-24 10:00 to 2022-05-30 10:00 (UTC)
Eligibility: Participants of the recovery plan who have not traded futures on MEXC before

Notes:

The rewards will be distributed within 7 days upon event conclusion.

[brives887]

Wow！I feel that mexc is getting stronger and stronger~~

[$anounimus$]

I think this is a good idea even though the current conditions are very concerned at least MEXC believes in the power of a strong and supportive community that respects each other and helps all rise together. MEXC knows that, if we all come together to pool our collective resources and talents, then we stand a better chance of success than if we act alone.

[bittick]

It seems like that MXC was a loyal supporters for luna although luna was worth zero. Basically this even already done by MXC to attract the volume and users from the major exchange sites that halt the trade in the past. That's why MXC was making future trade for luna with stable token pair available when binance was halting its future for luna in the past. I would not be surprised to see that small exchange sites are trying various ways to attract users to come in but this small even did nothing to the exchange site
Im actively using mxc.

[tbct_mt2]

I believe the community will vote yes to support the recovery plan from MEXC. However, that exchange is not big, not a tier 1 exchange. Trading volume is not big so their initiative to buy back and burn LUNA from their trading fee from only LUNA pairs would be not enough.

We need similar initiatives from other exchanges, especially from Tier 1 exchanges. At least there is effort and we can hope that there will be more and bigger initiatives from bigger exchanges.

[Anonylz]

So how authentic is this information? Is the op a member of the mexc team! Anyways, if this is true it a good gesture from mexc which shows someone is actually trying to help although I don't know what this offer will do or help the victims who have lost thousands of dollars, some lost their life savings in this situation.
Imo, if various exchanges really wants to support these victims they should unanimously come up with a good solution that will benefit everyone who losses in this difficult situation especially the ust guys, they are the biggest victim in this situation.

[zasad@]

https://twitter.com/terra_money/status/1529451631263174656
The Terra community has voted for the new plan. Read the latest posts carefully. And check the information on how the exchanges will credit new coins if you have TERRA or UST on your balance.
https://decrypt.co/101323/terra-community-votes-approve-do-kwon-plans-revive-project

[Johnyz]

This suggestion is great however Terra Community already decided and already supported the update 2.0, so this attempt to help LUNA might be too late already. In the coming days, we will see those updates and I hope that it can be good for the whole holders. If LUNA is too confident about this up coming update, they must have a good reason why.

[goaldigger]

Wow！I feel that mexc is getting stronger and stronger~~

This is a good way to market their site unfortunately even if many will vote in favor to this suggestion, LUNA team already decided for their updates and recovery plan so this one will be useless. The intention of this is good and the idea is good as well, it’s just that LUNA developer is not listening to some good advices from other exchanges as well, they instead took risk with the fork.

[rhomelmabini]

People will still trust Do Kwon despite what has happened of course, this is for the sake of hoping they could get their money back. I do hope it will come a success but the benefit of the doubt still lies on him of what happened. I think MEXC just wan this opportunity to promote their own exchange, not bad but likely this is the norm in the marketing world.

[strunberg]

I believe the community will vote yes to support the recovery plan from MEXC. However, that exchange is not big, not a tier 1 exchange. Trading volume is not big so their initiative to buy back and burn LUNA from their trading fee from only LUNA pairs would be not enough.

We need similar initiatives from other exchanges, especially from Tier 1 exchanges. At least there is effort and we can hope that there will be more and bigger initiatives from bigger exchanges.

one by one exchanges will support Luna recovery soon, maybe it will take long time and ofcourse they will see an update from Luna dev team itself or market changes. single exchange like Mexc not enough to push price recovery to $1 or more, retailer have no fund to bring it back. maybe if this action followed by another tier 1 exchanges and supported by whales investors, recovery progress could running faster.

[TimeTeller]

People will still trust Do Kwon despite what has happened of course, this is for the sake of hoping they could get their money back. I do hope it will come a success but the benefit of the doubt still lies on him of what happened. I think MEXC just wan this opportunity to promote their own exchange, not bad but likely this is the norm in the marketing world.

Certainly, this is a marketing strategy from MEXC, to attract possible traders in their exchange.
LUNA is in the hot seat right now, and whatever they can do to ride the situation may get some interest especially to previously LUNA holders.
We have heard that Do Kwon have recovery plans, but to what extent of recovery he is aiming here?
This is yet to be seen, if in case the LUNA team can really do a good job to implement their new plans.
But I believe, most of these previously holders would be hesitant to put more money, maybe they will be aiming to at least get something out of it.

[TribalBob]

it's never too late if you want to help LUNA, but it's very difficult for LUNA to return to 1$ at this time, now what and why is LUNA looking for support again in mecx by seeing prices that are increasingly worthless and have harmed many people.
is this what made luna pump today or is it just a bot trick to get new investors again

[m_nief]

Small reward giving for recovery Luna coin if only $5,000 and I think not all participant interested with higher risk investing on Luna coin. Maybe different if reward above $10,000 and usually on Binance event trading have reward above $85,000 each time trade competition, I think not really bigger reward event make trader not try to participant.

[albon]

So how authentic is this information? Is the op a member of the mexc team! Anyways, if this is true it a good gesture from mexc which shows someone is actually trying to help although I don't know what this offer will do or help the victims who have lost thousands of dollars, some lost their life savings in this situation.
Imo, if various exchanges really wants to support these victims they should unanimously come up with a good solution that will benefit everyone who losses in this difficult situation especially the ust guys, they are the biggest victim in this situation.

Yes, this information is correct, and I will put a source for you below
It is a good initiative from the Mexc exchange to reward the Luna community who lost a lot of money they invested, as I am not a member of this platform, but frankly, I did not find any of the other large exchange platforms that held a contest like this to compensate for some of the losses of the luna investors. I really thank the Mexc exchange team a lot for that and what they did is a great marketing idea that will bring a lot of people to register and trade on their platform.

SOURCE

[Rigon]

MEXC is delighted to offer a special recovery plan dedicated to the LUNA community.

All users who participate in the recovery plan will share an additional 5,000 USDT worth of rewards. Details are as follows:

Extra Benefit: 500 lucky participants will be randomly selected to each receive a 10 USDT bonus or a 100 USDT LUNA USDT-M futures position.
Period: 2022-05-24 10:00 to 2022-05-30 10:00 (UTC)
Eligibility: Participants of the recovery plan who have not traded futures on MEXC before

Notes:

The rewards will be distributed within 7 days upon event conclusion.

The plan for Tera Luna's recovery doesn't look like Luna will do much pumping. Various exchanges have not taken such steps. All the exchange side decisions at once to recover have to take.However, I think these people are being fooled. I don't think there will ever be a recovery.

[kurniawan05]

It seems MEXC is a big supporter of LUNA, if this succeeds it will raise the name of the MEXC exchange, a good rarity to promote and develop the MEXC Exchange.

[TastyChillySauce00]

I thought that if the recovery plan already decided by the team. As far as i know if MXC was doing double recovery plan just like burning and it has already announced its recovery plan but it seems like this is only airdrop event from this exchange site. So, that's a bit confusing about what recovery plan? Some exchange sites already swap luna to the lunc and the new token will be coming next days. That's a small event by MXC. At least this exchange site was very loyal to the its users.
The major exchange sites already announced if they will be supporting the new swap as well.

[ultrloa]

It seems MEXC is a big supporter of LUNA, if this succeeds it will raise the name of the MEXC exchange, a good rarity to promote and develop the MEXC Exchange.

I also think that they support Luna because those exchange or people is have huge bag hold of Luna they do this so that they can recover what possible losses they have at the moment, but lets also see if those contest and support will really help Luna to recover back on its situation these days. Because if Luna cannot bounce back then all those paper losses will be loss forever.

[rhomelmabini]

People will still trust Do Kwon despite what has happened of course, this is for the sake of hoping they could get their money back. I do hope it will come a success but the benefit of the doubt still lies on him of what happened. I think MEXC just wan this opportunity to promote their own exchange, not bad but likely this is the norm in the marketing world.

Certainly, this is a marketing strategy from MEXC, to attract possible traders in their exchange.
LUNA is in the hot seat right now, and whatever they can do to ride the situation may get some interest especially to previously LUNA holders.
We have heard that Do Kwon have recovery plans, but to what extent of recovery he is aiming here?
This is yet to be seen, if in case the LUNA team can really do a good job to implement their new plans.
But I believe, most of these previously holders would be hesitant to put more money, maybe they will be aiming to at least get something out of it.

I believe that those holders would have second thoughts in this revival plan and maybe someone out there would be interested to either go out with small loss or have it at breakeven. Mind me, people will always have a good hope in it, though it's not a bad thing but I believe this wouldn't have to happen in the first place. I'd be grateful or those who still believe that they will grow once more, well, congratulations to them if they do.