The luna foundation has so far officially stated that the "Do Quan" Teraluna founder has announced his future plans on Twitter. With yesterday, Binance has been re-listed from D-list only in busd pair. Again from this morning on many platforms luna starts pumping 1000% somewhere from 500 to 600. It is very important for us to be a little more careful now. Many of us do not understand what we will actually do? My suggestion is that before we try the total situation is actually in any condition.Understanding this will help us to make the right decision.
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Do we understand the meaning of the tweet of Dr. Quan, the founder of Luna Ecosystem? What did he say, what could be the future of his words? To what extent are our interests involved with these words? Are these clear to all of us?
This post is not important for those whose issues are as clear as water. But those who have not yet understood the issues, try to understand with a little attention.
I don't want to go too far back from the time of the disaster.
The Teraluna Foundation is forced to shut down their blockchain. In a non-technical way, I would say that in order to maintain the stability of their stable coins, new Luna coins were constantly being minted in their blockchain, meaning that the supply of Luna was increasing in large quantities due to which the price of Luna has gone below zero. So they had no choice but to shut down the blockchain.
Now let me explain to you the essence of what their founder said.
1.Dr.Cowan made no final decision.
2.He has publicly called on those who are the validators of Terraluna to decide whether everything can be sorted out in a new way in the new ecosystem.
3.Whether the total supply of Luna Coins is fixed at Rs 1 billion and the rest is removed can this Rs 1 billion be distributed in a planned situation.
4.Those Luna holders will get 40% of his 1 billion. Luna has been holding it since before the accident and only they will get it. Here he asked his blockchain validators to vote on the issue. If they decide it will be final with 40% or 50% or 15% a decision that everyone will finalize.
Who are these validators? Simply put, they are minor in the Terraluna blockchain. The other 40% will be offered to UST holders by Dow Kwan. 10% suggested an allocation for those who transacted after the accident. And the last 10% is said to be distributed to the validator community and ecosystem.
All of this is in the form of proposals. Nothing is final about when, how, or in what manner these things will be done. That is, it is a very preliminary and draft proposal.
If their community and validators can't agree, it won't last. But as soon as it is listed in a new way on the big exchanges, its price has started to pump. Many of us have started buying and cutting.
5.From the very beginning, those who have been holding UST and Luna have also said in the form of a proposal to distribute 40%, but it is not clear where they will get it if they hold it. Is it being mapped to their liquidity pool holders? Or those who are holding the wallet of an exchange? Those who hold on to the exchange have no separate verification. There is a problem here. Huge big problem.
How will these be given in any other coin or token? Or what will be the design of the new blockchain? It is not clear how the previous coins will get support. So think now.
This was my observation and analysis of what I understood in my limited intellect.Now the money is yours and the decisions are yours.
