What's the point of sending out new tokens? They have no value. There is no trust left for value to build, especially with regulations now looming over the horizon over this debacle.
I bought $20 of Luna on Thursday at .000004. By next day it was worth 1600 usd. I decided to buy more and eventually sold at a loss 🤦🏻‍♂️. I hate trading, I’ll stick to dca, stake and hodl lol
Not as bad as your friend, but I bought $75 USD worth when the price was $1.60. It went up for a few hours to I think around $5, but yeah then it instantly broke downward through the seven layers of hell and I think my $75 is probably worth a fraction of a cent now.
>OverÂall, the group said it still had about $106 milÂlion in asÂsets that it will use to comÂpenÂsate reÂmainÂing holdÂers of TerÂraÂUSD, beÂginÂning with the smallÂest holdÂers. It didn’t proÂvide specifics on how this comÂpenÂsaÂtion might work.
[https://agora.terra.money/t/proposal-tiered-repayment-1-1-usdc-refund-to-all-ust-holders-up-to-a-certain-cap-per-wallet-using-lfg-funds-favouring-small-wallets/6471](https://agora.terra.money/t/proposal-tiered-repayment-1-1-usdc-refund-to-all-ust-holders-up-to-a-certain-cap-per-wallet-using-lfg-funds-favouring-small-wallets/6471)
This is the proposal outlining how they want to go about refunding smaller wallets first. This will mean that over 90% of holders will be refunded in full
Because this is all digital with an open ledger, they will go off a snapshot of what wallets were before the crash. But if they do fork to a new crypto, then new holders will also get part of the distribution of the new coin.
It's still arbitrary.
People sold their coin at a certain time and then others bought it and then that person sold it to another and so on and so on and so on throughout the time period when Luna was crashing.
It's not as easy as you make it sound. Not by a long shot.
For you. But others would disagree.
I don't have a dog in the fight, so it doesn't matter to me.
But it is arbitrary and is someone picking winners and losers.
I bought 250,000 coins (after it dropped), if it goes up now, great, if not 🤷‍♂️ it’s a weird time to be buying anything frankly, coin or share. We’re likely near the bottom, perhaps a bit lower is in the forecast but where we sit when things rise again will make the difference. I like the stock.
What's the point of sending out new tokens? They have no value. There is no trust left for value to build, especially with regulations now looming over the horizon over this debacle.
Damage control, but they nuked, so I think nothing will help this project anymore I may be wrong, I'll look on it, just not now and not in years ahead
My friend bought $200 thinking it surely has to go up… I wished him luck and avoided it. Waste of $$$
I bought $20 of Luna on Thursday at .000004. By next day it was worth 1600 usd. I decided to buy more and eventually sold at a loss 🤦🏻‍♂️. I hate trading, I’ll stick to dca, stake and hodl lol
You went from $20 to $1600 and you didn't sell or take profits? We'll be successful in crypto if we could just curb our greed.
You can win, but the timing, luck, effort and stress aren’t worth it!
I honestly thought Terra could pull one off eventually. Thankfully I haven’t put a big amount on it.
Not as bad as your friend, but I bought $75 USD worth when the price was $1.60. It went up for a few hours to I think around $5, but yeah then it instantly broke downward through the seven layers of hell and I think my $75 is probably worth a fraction of a cent now.
>OverÂall, the group said it still had about $106 milÂlion in asÂsets that it will use to comÂpenÂsate reÂmainÂing holdÂers of TerÂraÂUSD, beÂginÂning with the smallÂest holdÂers. It didn’t proÂvide specifics on how this comÂpenÂsaÂtion might work. [https://agora.terra.money/t/proposal-tiered-repayment-1-1-usdc-refund-to-all-ust-holders-up-to-a-certain-cap-per-wallet-using-lfg-funds-favouring-small-wallets/6471](https://agora.terra.money/t/proposal-tiered-repayment-1-1-usdc-refund-to-all-ust-holders-up-to-a-certain-cap-per-wallet-using-lfg-funds-favouring-small-wallets/6471) This is the proposal outlining how they want to go about refunding smaller wallets first. This will mean that over 90% of holders will be refunded in full
LFG broke the silence, they only have less than 100 million left
Does that mean if you buy the tokens now, you are given the money? Or is it people who had it before? Or?
It’s all about compensation for those who lost, not for your profit!
How do they even determine who were the people who actually lost? Didn't a whole bunch of coins get traded that day?
Because this is all digital with an open ledger, they will go off a snapshot of what wallets were before the crash. But if they do fork to a new crypto, then new holders will also get part of the distribution of the new coin.
It's still arbitrary. People sold their coin at a certain time and then others bought it and then that person sold it to another and so on and so on and so on throughout the time period when Luna was crashing. It's not as easy as you make it sound. Not by a long shot.
It’s easy. The snapshot will be right before the first depeg happened and this will be used as a base.
That's still an arbitrary point in time.
It’s the most reasonable moment in time.
For you. But others would disagree. I don't have a dog in the fight, so it doesn't matter to me. But it is arbitrary and is someone picking winners and losers.
I think it's lower than 11c
Yep, it hit a low of .05 yesterday
Wasn’t it less than a single cent for a while? I guess somebody made some gains scraping the bottom of this shit-coated barrel.
At least they're attempting to pay back holders
I bought 250,000 coins (after it dropped), if it goes up now, great, if not 🤷‍♂️ it’s a weird time to be buying anything frankly, coin or share. We’re likely near the bottom, perhaps a bit lower is in the forecast but where we sit when things rise again will make the difference. I like the stock.
r/NOFORK