@cz_binance
CZ ๐Ÿ”ถ Binance
a month ago
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. ๐Ÿ‘‡
@PersianCapital
PersianCapital ๐Ÿ“–
a month ago
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! 4/
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Replies

@cz_binance
CZ ๐Ÿ”ถ Binance
a month ago
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...
@cz_binance
CZ ๐Ÿ”ถ Binance
a month ago
We probably do have some from trading fees. Probably valued close to 0 now. (Think of it as free trading in the past, haha). This just wasn't on my mind. Not how we prioritize things. Users first. ๐Ÿ™
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@cz_binance
CZ ๐Ÿ”ถ Binance
a month ago
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 ๐Ÿ‘‡. Never moved or sold. Address:
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@cz_binance
CZ ๐Ÿ”ถ Binance
a month ago
3/ On this same address, we have about $12,000,000 UST from staking over time (not bought). Also never moved or sold.
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@cz_binance
CZ ๐Ÿ”ถ Binance
a month ago
5/5 Protect users.
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@rwk_____
RWK
a month ago
@cz_binance Will they also compensate Anchor depositors who withdrawn their funds and sold it with a severe loss on Binance?
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@BlameTruthYT
Anthony
a month ago
@cz_binance I will always have a Binance account open. Youโ€™re awesome CZ.
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@calchulus
Calvin | Impossible is Hiring
a month ago
@cz_binance great move :+1:
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@Araz4Huseyin
Hรผseyin Araz
a month ago
@cz_binance Thanks cz โ€ฆ 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 earnโ€ฆAll the market maker need to help Luna and take the Luna better than now
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@LaTess__
Tess
a month ago
@cz_binance 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 ?
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@Wink_Panther
WINK Panther
a month ago
@LaTess__ @cz_binance 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. terra1840c3qk267qv7k3a3kh93naj8wudxhfl50grrh
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@phuongphan2309
Phuong Phan
a month ago
@cz_binance How about those who had UST staked in Binance? Please provide same solution, sir
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@LaaksonenTommi
Wombut
a month ago
@cz_binance 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 @PersianCapital only want to save ppl that held in Anchor, it should be EVERYONE holding UST
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@potenza2k6
potenza
a month ago
@cz_binance 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.
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