Is Terra Classic scam?

[kojektea]

I'm sure it's not easy. investors are already too disappointed with Terra LUNA. whether they might be able to restore investor confidence that had been damaged by the attack on the old LUNA that shattered its price to nothing. LUNA's glory is over, it's better if we look for a fresher project, right?

[len01]

if the team is still held by the old team like Do Kwon and others I'm not sure the terra LUNA classic will run smoothly in the future. but recently LUNA classic went up high a few days later there was news about the arrest of CEO Do Kwon, but the price didn't drop. i think there will be a replacement team with LUNA classic it will be better.

whoever owns Terra Luna, they must have disappointed all investors who have trusted Luna as a stable coin and then dumped it into $0.
whatever happens will never fall into the same abyss, only people who have high expectations and may be said to be stupid still believe in it. because there are many other coins that have a good track record in the past and are more trustworthy than Terra Luna.
don't waste your time just because your expectations are that the storm will pass, it's very difficult in cryptocurrency and it's not that easy.
but if you really believe in your argument about the goodness of Luna after being held by different people it will give you future benefits, try to continue investing there and hold on for the long term and enjoy the black hole that you will meet after the disappointment of investors in the past .

[eXtremal]

this coin has a 50:50 chance in my view. A few days ago I heard the news that Luna classic would rise from adversity but after the next few days I also heard the arrest of terra LUNA CEO Do Kwon. this leaves me confused to determine how potential this coin is, but nothing is impossible to crypto. Luna Classic may be successful but with risks that we know.

[topman21]

Although Terra Luna is not a classic scam project, it is a very risky coin for people.People lose maximum amount of money from here and their trust and faith is broken from this platform.However, the project is on the verge of destruction today due to a huge mistake by the platform owners. However, despite their efforts to recover, they have succeeded given the current situation and the investment people have made can't do

[merekamo]

While team of LUNA focus on the developmental aspects of Terra 2, Luna Classic would be run by its community. Community has aided the coin's recovery by passing critical proposals on Terra Classic (LUNC) burn in the hope to recoup the losses of the previous meltdown.

I think Terra Classic not scam, in the wake of increasing traction towards positive sentiment among the community, LUNC price could keep rising in the coming months.

[Abiky]

While team of LUNA focus on the developmental aspects of Terra 2, Luna Classic would be run by its community. Community has aided the coin's recovery by passing critical proposals on Terra Classic (LUNC) burn in the hope to recoup the losses of the previous meltdown.

I think Terra Classic not scam, in the wake of increasing traction towards positive sentiment among the community, LUNC price could keep rising in the coming months.

Terra Classic is not a scam, but definitely not worth the investment because of the huge number of coins in circulation. The community approved a proposal to burn LUNC tokens with every transaction performed on the network, but so far, that didn't have a positive impact over market prices. Without mainstream developers building dApps on Terra Classic, the project would be nothing but a complete failure. I'm yet to see whenever investors' confidence will be restored after what happened with the UST stablecoin crash. It's hard to build back confidence when the majority lost all of their life savings in an instant.

If the community really wants to "revive" Terra Classic, it's going to need to do a re-branding of the project in order to give that "fresh image" to the public. Making some sort of a grant program would be a plus, as that would attract developers back into Terra Classic. The chances for recovery are pretty slim, so it's best to look for other options just to be safe. Just my opinion

[BitcoinsGreat]

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


Thank you.

At the start, when all this Luna drama happened, i thought there was some programming issue and someone exploited the Luna and its stable coin correlation but later when I see this news Terra Co-Founder Do Kwon Faces Arrest Warrant in South Korea, i believe it is the inside gam which happened by Do Kwon and team to make money by scamming millions of people.

[BobK71]

While team of LUNA focus on the developmental aspects of Terra 2, Luna Classic would be run by its community. Community has aided the coin's recovery by passing critical proposals on Terra Classic (LUNC) burn in the hope to recoup the losses of the previous meltdown.

I think Terra Classic not scam, in the wake of increasing traction towards positive sentiment among the community, LUNC price could keep rising in the coming months.

Terra Classic is not a scam, but definitely not worth the investment because of the huge number of coins in circulation. The community approved a proposal to burn LUNC tokens with every transaction performed on the network, but so far, that didn't have a positive impact over market prices. Without mainstream developers building dApps on Terra Classic, the project would be nothing but a complete failure. I'm yet to see whenever investors' confidence will be restored after what happened with the UST stablecoin crash. It's hard to build back confidence when the majority lost all of their life savings in an instant.

If the community really wants to "revive" Terra Classic, it's going to need to do a re-branding of the project in order to give that "fresh image" to the public. Making some sort of a grant program would be a plus, as that would attract developers back into Terra Classic. The chances for recovery are pretty slim, so it's best to look for other options just to be safe. Just my opinion

You are right. Everyone who is related to cryptocurrencies knows about Terra Classic. Everyone thinks Terra classic is a scam project and the price has dropped so low because of scamming. But many still don't know that the price of Terra Classic has come down so much due to excess supply although many are considering this issue as scamming. After all their banning mechanism is a good initiative. A few days ago Lunar owner received a legal notice accused of Luna crash.

[sayaya17]

it is indeed a scam considering the minimal effort coming from the dev itself that instead of fixing things they ditched the coin and instead created a new ones, they quite literally running away from their responsibilities like that, if someone think the devs aren't running from their failure, i think they should rethink their decision twice, after all there are many better coins than luna that's just significantly better for investment long term.

That's why we can't trust Terra teams, they tried to scam a second time by creating new projects after LUNA fell very deep all of a sudden,
without any plausible explanation. I was very happy when I heard the news that the founder of LUNA had been found guilty, and has been
issued an arrest warrant by the South Korean police. So that everyone has an open mind that never trust Terra teams again. Even though
a few days ago the price of the LUNC pump, it seems that there are whales who take advantage of this situation, hopefully we will not be influenced
to buy LUNC. We have to start looking for other projects that are safer to buy and can provide big profits. So far indeed Bitcoin and Ethereum are
still my main focus, I'd rather spend my money to buy Bitcoin and Ethereum. Because I believe Bitcoin and Ethereum are very good for
long-term investments and can provide large profits in the future. So my suggestion is that we should forget about projects related to Terra teams,
I believe LUNC will be delisted from exchanges in the near future.

[Stella Mese]

Terra is still available at the Top Exchanges, many say that the future of Terra has been completed because of the case of additional stock to stabilize coins, but I'm sure Terra will survive and might rise because they are supported by a team that has strong financial financial.

burn tax that will be carried out by every major exchange like binance. can make Terra Luna Classic fly again. or slowly climb back up. but we shouldn't rush to get in. because if you look at the current price, the potential for a decline still seems to be visible. so it would be very risky if you still buy while the downtrend is still going on.

[Daltonik]

Yes, Binance confirmed today that all fees on the spot and margin pairs LUNC/BUSD and LUNC/USDT will be converted into LUNC, followed by sending assets to the address for burning.
The first batch will be calculated from September 21 as of 0:00 (UTC) to October 1 at 23:59:59 (UTC) further, data on the number of coins to be burned, their equivalent value in US dollars and the transaction ID in the network will be updated every week.

Source: https://www.binance.com/en/support/announcement/4769eab576c4479eaa14adc1eb587226

[pawanjain]

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


Thank you.

I wonder why are people still asking such questions even after such a big event in the crypto history made everyone aware of how worthless is the Terra project.
After the huge collapse, it became evident that Terra will cease to exist. In fact, it was surprised when Terra launched the 2.0.
I knew it won't survive for long and so did it happened. I will still recommend people to stay away as far as possible from Terra.

[Lantind]

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

Actually the Luna Classic team is still making a defense of what happened to their coin. They blamed someone for this, while the team still kept Luna Classic. At first glance we can say scams, but in other cases we can't say scams because the exchange still accepts them. If it's something scam do in crypto, the exchange should blacklist Luna coins on the exchange.

[livingfree]

Actually the Luna Classic team is still making a defense of what happened to their coin. They blamed someone for this, while the team still kept Luna Classic. At first glance we can say scams, but in other cases we can't say scams because the exchange still accepts them. If it's something scam do in crypto, the exchange should blacklist Luna coins on the exchange.

All of them should be accounted for the consequences that they have to face. AFAIK, the South Korean government is now hunting them and have released a ban for flights and as well as already cooperated with the Interpol.

It's just going to be a matter of time until Kwon will be arrested and surrender himself and he'll also point out where are his cohorts are hiding.

While for their projects, LUNC is the one that where exchanges are helping with while the new one, is likely being ignored.

[bittick]

the fact that luna has caused so many to lose their invesments is already such a big sign that it's obvious scam, even though there are many that still invests in the luna classic they are just seeking for quick profits nothing more,
if you wanna real investments then you should just avoid luna altogether, moreover even the new luna isn't really good replacement so basically both coin are failing massively, the only thing that's left is just some small valuation remaining compared with its former ath which I don't think gets ever reached again.

[dunfida]

Actually the Luna Classic team is still making a defense of what happened to their coin. They blamed someone for this, while the team still kept Luna Classic. At first glance we can say scams, but in other cases we can't say scams because the exchange still accepts them. If it's something scam do in crypto, the exchange should blacklist Luna coins on the exchange.

All of them should be accounted for the consequences that they have to face. AFAIK, the South Korean government is now hunting them and have released a ban for flights and as well as already cooperated with the Interpol.

It's just going to be a matter of time until Kwon will be arrested and surrender himself and he'll also point out where are his cohorts are hiding.

While for their projects, LUNC is the one that where exchanges are helping with while the new one, is likely being ignored.

You cant hide forever and to those people who had committed crime will sooner or later would be caught or faced up some charges and now it did really happen on Kwon which serves him right, if we do look back on what

happen on that Terra then we could really say that lots had burned up their investments on this scam project.Serves him right as always and this is why its really important that people should stay away on something

been hyped because it is usually ending up on a disaster specially if the price turns out to be looking manipulative.

[livingfree]

All of them should be accounted for the consequences that they have to face. AFAIK, the South Korean government is now hunting them and have released a ban for flights and as well as already cooperated with the Interpol.

It's just going to be a matter of time until Kwon will be arrested and surrender himself and he'll also point out where are his cohorts are hiding.

While for their projects, LUNC is the one that where exchanges are helping with while the new one, is likely being ignored.

You cant hide forever and to those people who had committed crime will sooner or later would be caught or faced up some charges and now it did really happen on Kwon which serves him right, if we do look back on what

happen on that Terra then we could really say that lots had burned up their investments on this scam project.Serves him right as always and this is why its really important that people should stay away on something

been hyped because it is usually ending up on a disaster specially if the price turns out to be looking manipulative.

I am positive that they'll soon be caught and have to pay for what they've done to a lot of lives that they've done wrong.

But what I am thinking is even Kwon and his cohorts will be arrested. They'll just keep on insisting that they did nothing wrong and no money has been with them anymore.

If they tell that as an alibi, there will be those reports that I've seen lately that he has sent to two exchanges outside South Korea for around 3313 bitcoins.

[hichamito37]

We can't say it's a scam yet because Terra LUNA is still running its new coin LUNA Classic but the last news I got was that there was an arrest of the CEO of Terra LUNA who was being chased by the state. This coin is very risky if they don't replace the old team, I'm not sure they can be successful in the future.

If the scam then the thing that will be done by Binance is to immediately expel them, binance and some spot exchanges are supported by a good analyst team so that the coins in Binance are a good reputation.

Still can't confirm it's a scam coin, currently as far as I know the lunc is managed by another team and not related to the old team. Yes, if lunc is indeed a scam coin, exchanges will soon remove it from their exchanges. Recently, binance also announced that it will spend money to burn Lunc to support the development of this coin.

[Daltonik]

Binance exchange burned the first batch of LUNC commission fees for a week, which is about 5.6 billion LUNC tokens, in the equivalent of USDT, it amounted to about $ 1.863 million. https://finder.terra.money/classic/tx/F6B1CB656843438013D3C9A5948A1353AA3C65F6AE30D627AF791EEE0311AA36

https://twitter.com/cz_binance/status/1576996487241748480

[dlightag]

Terra Classic and Terra Luna is not a scam project, because they are still trading on top one cryptocurrency exchange with a very high volume on the difference platform, while investigation still going on towards the Old Tarra Luna project, which the CEO trying to reviving the project back, which a matter of time.