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Cryptocurrency Ecosystem => Once Popular Coins (Graveyard) => Other Popular Cryptos / Coins => Terra LUNA Forum => Topic started by: sirty143 on November 13, 2021, 11:52:01 AM

Title: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
Post by: sirty143 on November 13, 2021, 11:52:01 AM
(https://i.imgur.com/AD5w0qPm.jpg)

Terra, an algorithmic stablecoin project, will burn $4.5 billion worth of terra (LUNA), its native token, from its community pool. The decision was taken using the on-chain governance system, and according to proposals 133 and 134, the LUNA will be burned and swapped for... See more for yourself here (https://news.bitcoin.com/terra-to-burn-4-5-billion-worth-of-luna-from-community-pool/).

Your opinion is greatly appreciated.
Title: Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
Post by: KryptoBull on November 16, 2021, 06:14:51 PM

It is possible that this will create a scarcity of LUNA in the market and support the price of LUNA. We are seeing a slowdown in the Terra ecosystem as they don't have many DeFi related projects for everyone to participate in. I'm not denying Terra is a good platform, but I'd love to see more projects on Terra.

Title: Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
Post by: Freemind on November 16, 2021, 07:04:41 PM

It is possible that this will create a scarcity of LUNA in the market and support the price of LUNA. We are seeing a slowdown in the Terra ecosystem as they don't have many DeFi related projects for everyone to participate in. I'm not denying Terra is a good platform, but I'd love to see more projects on Terra.

Are you whispering? ;D Please correct the text size or users will not be able to see it clearly.

Thank you!
Title: Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
Post by: trofim21 on November 18, 2021, 09:31:04 PM
very good news for holders of these coins, now I can understand why such a large increase has occurred recently, I need to buy a few more of these coins, I think the growth will continue ;D
Title: Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
Post by: zilzylian on November 19, 2021, 03:39:39 PM
very good news for holders of these coins, now I can understand why such a large increase has occurred recently, I need to buy a few more of these coins, I think the growth will continue ;D
each coin is unique every time when the team does good things for the progress of the platform, I am a new user on the Terra (Luna) platform, there are many things that will happen in the future, if the circulating coins are burned, then it will be the same as BNB coins , the difference is that Luna embeds code on her network to burn and increase the price of LUNA
Title: Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
Post by: KryptoBull on December 05, 2021, 01:13:48 AM
This token burning mechanism may be the reason for the LUNA token to reach a new ATH in the past time. The Terra ecosystem is not very developed, but its value for DeFi is great when it comes to making it easy for users to access the crypto ecosystem.
Title: Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
Post by: Evgenklm on January 03, 2022, 07:27:31 PM
They burned a good amount, perhaps that's why luna shows such good growth dynamics, the project just broke into the top 10 CMC, and if the project develops so dynamically, then this is not the limit.
Title: Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
Post by: syedrasool2011 on January 10, 2022, 05:05:58 PM
This will be great in future price will boom to 200$ easily guys I buy at price 25$ am 10x profit but still holding my coins I will hold them for long term this year it will hit up to 200$.
Title: Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
Post by: Jamal Aezaz on February 08, 2022, 01:44:38 PM
Terra luna is going places and I’m in this project long haul so I’m accumulating so lower price stay more I will buy. They’re promoting the eco system and if price is too much for a token people will go elsewhere. We need mass adoption then should they burn then this will start ripping. Think long term
Title: Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
Post by: Abdulcrypto784 on February 15, 2022, 03:36:47 AM
All coins is particular on every occasion while the crew does properly matters for the development of the platform, I am a brand new consumer at the Terra (Luna) platform, there are numerous matters so one can occur withinside the future, if the circulating cash are burned, then it will likely be similar to BNB cash , the distinction is that Luna embeds code on her community to burn and boom the fee of LUNA
Title: Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
Post by: Widecoin on April 05, 2022, 03:00:09 AM
:) Good Burning...
Title: Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
Post by: fadl4 on May 18, 2022, 04:39:39 PM
This will be great in future price will boom to 200$ easily guys I buy at price 25$ am 10x profit but still holding my coins I will hold them for long term this year it will hit up to 200$.
Are you still buying Luna at a low price? I'm also new to this coin from a friend and was surprised by the price dropping. Hopefully the price can go up again
Title: Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
Post by: hair on May 19, 2022, 11:50:27 PM
Are you still buying Luna at a low price? I'm also new to this coin from a friend and was surprised by the price dropping. Hopefully the price can go up again
you should be careful if you buy Luna, I doubt the price will increase in the future if the supply is not reduced.
Title: Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
Post by: Alichlas92 on May 20, 2022, 07:09:34 AM
they should do, at least restore investor confidence.
Title: Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
Post by: Freemind on May 20, 2022, 11:25:54 AM
they should do, at least restore investor confidence.

This news is from several months before UST and LUNA fell into the abyss. What Do Kwon wants to do now is a fork to solve the mess they themselves have created, but several voices (CZ) have already warned him, creating a fork is not going to solve anything, the only solution is to buy back and burn coins , something that Terra cannot do, since the foundation does not have funds to buy back. Do Kwon claims that the validators voted for the network fork, but there are people who doubt that the votes were real.
Title: Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
Post by: Alichlas92 on May 21, 2022, 05:34:26 PM


This news is from several months before UST and LUNA fell into the abyss. What Do Kwon wants to do now is a fork to solve the mess they themselves have created, but several voices (CZ) have already warned him, creating a fork is not going to solve anything, the only solution is to buy back and burn coins , something that Terra cannot do, since the foundation does not have funds to buy back. Do Kwon claims that the validators voted for the network fork, but there are people who doubt that the votes were real.

perhaps Luna 2.0, which becomes the new token of the new Terra blockchain, whose goal is to save the Terra Luna ecosystem after the collapse of the stablecoin.
Title: Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
Post by: Freemind on May 22, 2022, 09:26:24 AM
perhaps Luna 2.0, which becomes the new token of the new Terra blockchain, whose goal is to save the Terra Luna ecosystem after the collapse of the stablecoin.

The collapse of UST no longer has a possible solution, it is a fact. Do Kwon and his team used more than 100,000 Bitcoins to try to keep the price stable, but as we already know, it did not help, the only thing the team achieved was to damage the entire crypto ecosystem by selling such a large amount of Bitcoins. If the Terra team really wants to do something positive for the future of the project, the first thing they have to do is fire Do Kwon.
Title: Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
Post by: pelana vreo on May 23, 2022, 05:24:00 AM
If this proposal could be done again and the team didn't de-pegging the UST, the luna price probably wouldn't be like this. I have seen a lot of updates on agoran, but Do Kwon is always discussing the Fork and distribution of new LUNA coins, the Terra community and developers are very strong, this can be seen from several project developers who are willing to build their projects on Terra 2.0
Title: Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
Post by: Freemind on May 23, 2022, 12:42:06 PM
If this proposal could be done again and the team didn't de-pegging the UST, the luna price probably wouldn't be like this. I have seen a lot of updates on agoran, but Do Kwon is always discussing the Fork and distribution of new LUNA coins, the Terra community and developers are very strong, this can be seen from several project developers who are willing to build their projects on Terra 2.0

There are many projects that were about to launch on Terra that have decided to migrate to Polygon and Binance Smart Chain with the help of the respective CEOs of those companies. I don't see the point of forking the network when the most logical and cheap thing to do is to solve the problems they have with Terra. Forking the network will not solve the fact that many investors have lost their investment, working and repairing the current network is the only thing that can save the project from my point of view.
Title: Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
Post by: Bobcrypto on May 30, 2022, 11:04:27 AM
I am also hoping that the Luna burn may help to improve value. Project team, the Terraform Labs early Saturday launched a new version of the Terra blockchain, “Terra 2.0,” with freshly minted LUNA tokens. Based on users past experience on the Luna crash, many people are still appear skeptical about Terra 2.0. I think Luna will find it's bearing from the Terra 2.0 upgrade.
Title: Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
Post by: Freemind on May 30, 2022, 06:01:02 PM
I am also hoping that the Luna burn may help to improve value. Project team, the Terraform Labs early Saturday launched a new version of the Terra blockchain, “Terra 2.0,” with freshly minted LUNA tokens. Based on users past experience on the Luna crash, many people are still appear skeptical about Terra 2.0. I think Luna will find it's bearing from the Terra 2.0 upgrade.

It is totally normal for people to be skeptical after what has happened. Luna has made many investors lose large amounts of money, the losses of some are very high, but that does not worry me, I worry about the small investor who cannot do anything. Do Kwon must appear at the South Korean Ministry of Finance to give explanations and must face a fine of $78,000,000. All this added to the arrogance of Do Kwon (already known to all) are clear symptoms that people are skeptical.
Title: Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
Post by: Bobcrypto on July 06, 2022, 10:33:07 AM
I think it is a very brilliant move, burning token will always boost value over times, and I think team a good idea for the future of Luna token. I am very sure that this process will definitely bring back Luna token on track even at the top of the coinmarketcap ranking. 
Title: Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
Post by: Freemind on July 06, 2022, 01:17:42 PM
I think it is a very brilliant move, burning token will always boost value over times, and I think team a good idea for the future of Luna token. I am very sure that this process will definitely bring back Luna token on track even at the top of the coinmarketcap ranking.

Burning tokens is not the solution an algorithmic stable coin needs, what it needs is good planning, not "fixing" it by creating another coin/token, not learning from previous mistakes means repeating them. Before creating another coin, Do Kwon and the entire team at Terraform Labs should have done a full audit to explain where all the "missing" money went. At no time have they explained where all that money is, so from that moment on the team has no credibility for me.
Title: Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
Post by: dodok on August 11, 2022, 02:13:28 PM
if in my opinion this is good news because with the burning there will be a shortage of supply so the price will slowly rise, that's the law of crypto the more scarce the more expensive.
Title: Re: Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
Post by: Citysatoshi on December 04, 2022, 04:26:50 PM
Lunc coin burning is a very good idea for the projects value and growth. This is a good development and I think this will bring back the network to its formal level. I think Lunc will improve through this burning mechanism and will boost the value in near future. In addition, the Lunc community has really been doing great to help redeem the lost confidence of the Luna/ust collapse and the putting some effort to boosting the market prices in recent times.