4/ Now the important part.
To lead by example on PROTECTING USERS, Binance will let this go and ask the Terra project team to compensate the retails users first, Binance last, if ever.
Binance (after a 5 min discussion) fully support this proposal. 👇
The second way is to prioritize smaller wallets. People who had a couple thousand or more of UST deposited in Anchor.
If Terra just focussed on the "poorest" 99.6% of wallets, then they could make this gigantic group 100% whole.
Yes, you read that right!
1/5. Some interesting updates, full transparency and lead to protect users:
As it turns out, most UST pairs were 0 fee to begin with. (I didn't know that, our team had to tell me.) So, not much UST there.
We do have...
2/ Binance received 15,000,000 LUNA (at peak worth $1.6 billion USD, now not much) as part of the original ($3m) invest. 560x return at peak. It still sits on the address we received at 👇. Never moved or sold.
Thanks cz … we are happy when you are try your best for the Luna.the most important things the crypto market must work good and try to get more people in the crypto than we all will earn…All the market maker need to help Luna and take the Luna better than now
What if luna open donate wallet to burn if we believe in this project we must do sacrifices right? So we donate and keep trading to maintain trading volume i think we can beat that with that strategy what do you think ?
Ok lets see if anyone will willingly burn $LUNA.
Here is a fresh shredder/burn wallet to send it to.
I doubt anyone will send any, even though the idea is sound. Because its about faith. Which is why it crashed.
Why only people who held at Anchor? I had my UST on lockboxes, Mars protocol, Kinetic protocl, Pylon pools, White whale ect ect... All was "lossless" investments. I dont agree if the
only want to save ppl that held in Anchor, it should be EVERYONE holding UST
Will you compensate your users who bought Luna and recover their losses by checking the trading logs using the dollar amount for the loss? That would be the most fair and incredible example of all crypto industry.