Terra Luna Classic (LUNCUSD)

[xZx]

there's a lot of chaos in this process, but my understanding is LUNA holders will not be affected at all by the fork.

in one proposal i saw, tokens we own now will be called "LUNA Classic" and post-crash holders will get 10% airdropped as the LUNA 2.0 fork, but the new fork tokens come with restrictions, various lock-up periods. maybe as long as 4 years. which seems ridiculous.

you should definitely look this up yourself.

everyone here needs to DYOR. rely on no one but yourself, check mutliple sources, because even news articles may be wrong.

i'm merely relaying what i understood as of yesterday, but there's a lot of misinformation out there, and things are in flux, hour by hour.

https://cryptoslate.com/terra-luna-fork-voting-in-chaos-amid-massive-inflation/

overall, my feeling is there's just too much money to be made in LUNA classic for it to fail. and there's also so much anger about the fork proposal(s) maybe that will be scuttled, and LUNA classic will just become LUNA again, with lots of burning.

it's also worth noting LUNA's algorithmic stablecoin clearly failed. so it's not possible to just "burn tokens" and reset LUNA to where it was pre-crash. i think an entirely new business model, or business combination, may be part of LUNA's future.

we shall see.