Is Terra Classic scam?

[hack3rcon]

Hello,
Is Terra Classic scam or does it have a chance of success?


Thank you.

[sunsilk]

Hello,
Is Terra Classic scam or does it have a chance of success?


Thank you.

Well, it's been reformed and made a new token as its successor as the devs have thought of reviving it through that plan. If it's about the chance of success, this is like a left behind project.

I don't see any more success on it.

The prime of it has already passed and there's no way that investors would try to believe and trust it anymore unless there will be whales that would play a big part of just pumping and leaving it again.

[Raflesia]

Terra Classic is not a scam, this token can still be traded on major exchanges, meaning there is still trading activity there.

As for the chances of success I'm not sure this will work because it has fallen to the deepest bottom making it difficult for investors to believe again, but in fact it will be nil to success.

Better to avoid this token if there is not sure.

[masterrex]

Hello,
Is Terra Classic scam or does it have a chance of success?


Thank you.

As far as I know, Mr. Do Kwon, the Terra Luna CEO and founder has been sued, and investigated in relation to the recent Terra Luna Fiasco which involves the old Terra Classic so there is a pending process that can possibly dictate the fate of both old and new Terra Luna tokens, But for now, I can say that the Terra Luna Classic and the new Terra Luna token was actively traded in a major cryptocurrency exchange like Binance with a very attractive volume. so I think it is not a scam for now.

[Ulven]

Lunc is currently a scam but it can still be traded on major exchanges. Therefore you might still be able to trade in it even if it is a scam. It has fallen to the lowest price in history making it extremely difficult for anyone to believe in it again. I would recommend avoiding this token by all means.

[tomahawk9]

Life pro tip: stay away from anything related to Terra or Do Kwon (the founder). There are tons of other shitcoins and vaporware deadcoins in the market that look less shady than terra classic. Even the telemarketer scammer that keeps calling you every day trying to sell you a bag of finger nails clippings for 100 bucks sounds less shady than any Terra-related crypto

As far as I know, Mr. Do Kwon, the Terra Luna CEO and founder has been sued, and investigated in relation to the recent Terra Luna Fiasco which involves the old Terra Classic so there is a pending process that can possibly dictate the fate of both old and new Terra Luna tokens

It's pretty crazy that despite all these massive red flags surrouding this deadcoin there are people who still ask if there's a chance of success for this garbagecryptocurrency.

[minairia3]

Hello,
Is Terra Classic scam or does it have a chance of success?


Thank you.

The project is not a scam since it is still listed on major exchanges and has daily trading. There are still many people who are holding this coin in hopelessness. Luna classic is basically dead, I don't see any prospects for it. People hold it and trade it blindly believing it will return one day. However, that is a very unlikely scenario.

[Doell]

Are you planning to hold this product? It's better if your money is put into products that do a have the potential to be successful, like Ethereum Binance coin or others that are able to compete even though everything is at risk, but not on products that have failed before, and made a lot of people to lose.

[raidarksword]

I would agree to people who said terra classis is scam after all it was created after Luna fall and these was only an alternative method to save the downfall of Luna wherein it didn't effective to save Do Kwon though. Though it has already trading activity but still it is not safe to buy those tokens because it just a hole cover of the failure of Do Kwon.

[tbct_mt2]

I failed project is not different than a scam project.

If 10 years later, Luna Classic can achieve what Dogecoin achieves now, do you think it is a successful project or will still call it as a scam project?

I believe Terra team will abandon it and community will take over it. It will recover very slowly with time but it will. If you have diamond hands, if you can hold your Luna Classic, you will get good results next couple of years.

[virasisog]

I would agree to people who said terra classis is scam after all it was created after Luna fall and these was only an alternative method to save the downfall of Luna wherein it didn't effective to save Do Kwon though. Though it has already trading activity but still it is not safe to buy those tokens because it is just a hole cover of the failure of Do Kwon.

I certainly agree as well. As for me, Terra is just their alternative because Luna failed. But since its reputation and trust rate have been ruined, I don't think its new coin is still worth investing. If you're planning to invest in altcoins, you better look for coins with better potential and are well established. Don't risk your funds on suspicious and questionable coins.

[Reid]

They say it's something new. But heck, they will all say the same thing whenever they need investors to come back and purchase.
First, reputation. It's gone, if not a huge chunk of investors who trusted them will remain in lay low for this kind of stuff.
They lost a lot, it's not like they could easily recover from it and trust them again in a snap of a finger.
I won't say it's a scam, but with whales not putting money in how would the value grow again? It will be difficult to see it be pumped like the first one did.

[RussianEnglishTranslation]

Hello,
Is Terra Classic scam or does it have a chance of success?


Thank you.

I think the concept behind Terra, that the blockchain be built to host an algorythmic stablecoin has proven to be a flawed concept. It gets to a point to where too many UST tokens are minted and they cannot be backed or redeemed. Collateralized stablecoins like DAI are a better solution. There may however be a place in the future for a chain like Terra that hosts a fractionally backed stablecoin. Kind of like a hybrid stablecoin like FRAX. That said, I think we should move on form LUNA because now it is associated with a scammer and there are much better chains out there, like Fantom and Candle Chain. These are technically superior chains and they don't have a stigma or angry bag holders attached to them.

[shushu9977]

Terra classic is a good coin but it was crash and totally broken. Now, it is a launch a coin which name is terra. Thier team is very solid and work hard to promote and reach their goal. In my opinion, they are trying to come back again. So, it is impossible that terra classic will scam.

[Miaallen]

Terra Classic is not a scam. It just happened to be a victim of an unfortunate experiment. And if new projects can start to launch on the chain and burning taxes are applied and rightly implemented, it can possibly be at 100x from its current value.

[Anonylz]

Terra Classic is not a scam. It just happened to be a victim of an unfortunate experiment. And if new projects can start to launch on the chain and burning taxes are applied and rightly implemented, it can possibly be at 100x from its current value.

Did you read the root of the cause of terra's downfall? scams are of different levels and from the look of things, you may not be able to identify one even if it stirs directly in your face.
If you don't mind my asking what experiment exactly is terrea a victim of? is Do Kwon aware of this so-called experiment? have you ever thought why Do kwon never go with the terra communnity vote for burn when he could instead went ahead to do a fork? Yeah, victim of bad experiment indeed.

[wheelz1200]

Hello,
Is Terra Classic scam or does it have a chance of success?


Thank you.

No why would you ever put your money back into something that got annihilated.  It's not going to survive.  It's basically hanging around only because of people speculating in it.  I'd steer clear.

[Coyster]

Terra Classic is not a scam. It just happened to be a victim of an unfortunate experiment. And if new projects can start to launch on the chain and burning taxes are applied and rightly implemented, it can possibly be at 100x from its current value.

That is some optimism i must say, to be honest i'd not be that optimistic about Terra classic, the coin is basically dead and i think people need to come to grips with that, i know the more people that are trying to show believe are prolly hodling some of it and they hope there can be a pump so they make ROI, but let us be honest, the chances of that happening is pretty low, if not impossible. If you haven't got any Terra, then you would be doing yourself a favor not to get any, look elsewhere, and to other projects, but if you are tired of shitcoins altogether, then just buy Bitcoin.

[Minor Miner]

I would agree to people who said terra classis is scam after all it was created after Luna fall and these was only an alternative method to save the downfall of Luna wherein it didn't effective to save Do Kwon though. Though it has already trading activity but still it is not safe to buy those tokens because it is just a hole cover of the failure of Do Kwon.

I certainly agree as well. As for me, Terra is just their alternative because Luna failed. But since its reputation and trust rate have been ruined, I don't think its new coin is still worth investing. If you're planning to invest in altcoins, you better look for coins with better potential and are well established. Don't risk your funds on suspicious and questionable coins.

Me too, it's a scam. Team Terra didn't take any action to save luna but then they released another fork version of luna which is luna classic. The release of luna 2.0 version is not for the purpose of saving the luna community, but, rather, for the purpose of distracting investors so that they can forget about what happened with luna 1.0 version. It is nothing more than an abdication of responsibility. It is not surprising that luna classic is no longer of interest to investors and in the end it is nothing more than a scam project.

[crzy]

Not a scam yet, this is just a new brand of LUNA after what happened to them and I think they are trying to go back in business which is still possible as long as they commit to provide quality service this time and a more secured project. If you are doubt with this, better to go for the best option instead of risking your money in a project like this. Personally, I’m not buying any LUNA project after the incidents, better to be more careful.