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!
4/
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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...
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. 🙏
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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.
Address:
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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
Will they also compensate Anchor depositors who withdrawn their funds and sold it with a severe loss on Binance?
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@cz_binance
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
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@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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@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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@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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@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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