Will LUNA2 Be Supported For Genuine Reasons Or Biased Reasons???

in LeoFinance2 years ago (edited)

Although there is not a lot of information on LUNA2 yet apart from the how the vote on the proposal went and the release date, which is going to be on the 27th of May, two days from today, I hope for the best but I am still on unsure how people will take it and the how the progress of the launch will go, due to the FUD (Fear, Uncertainty, and Doubt) around LUNA/UST already because of the crash that liquidated so many investors and cleaned out the portfolios of those who did not diversify their money into other assets, and just forced on only LUNA, which was the rising star at that time before the 100% crash to Zero.

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Now I have some questions to ask, would people actually support LUNA2 Because they genuinely want the progress of the project and to see it grow as a company, or just want it to progress for biased reasons which I won't blame them for because a lot of people lost so much to the LUNA/UST crash a few weeks ago, I bet it is still like yesterday to some investors, recently Chancers an investor was arrested for intrusion into Do Kwon's house to confront him about the plans for LUNA, although Do Kwon was not at home but he trespassed anyways after meeting Do Kwon's wife, so she had to call the cops on him as the article I read on he's arrest presented it, Chancers lost $2.4 million from the Luna collapse and decided after LUNA tripled his initial investment of $800k. Now he is broke and also got arrested, for someone like him I am very sure he will support LUNA2 for biased reasons (which is not wrong) in other to at least get back some of his money lost and a little wishful thinking here maybe he gets back all that he has lost.

Terra 2.0 or LUNA2 is set to launch on the 27th of May, 2022 as Do Kwon’s revival proposal was approved.

Lido Finance DAO (decentralized autonomous organization) a community that builds liquid staking services and governs the direction of Lido voted 95% against the LUNA2 reboot or rebirth but following a governance vote by the LUNA community Do Kwon’s revival proposal plan was approved. the proposal was approved with 65.5% in favor of it. Now is the time for Do Kwon to get to work, to be able to savage a little trust and confidence from his investors, which is not going to come easily. I think he might be prepared to work hard for the LUNA2 project to be a success I guess, as it has been reported that he has reached out to the top Korean exchanges for listing, from the look of things Binance and Huobi Exchange looks to be in support of the rebirth of LUNA and the launch of LUNA2 on the 27th of this month. We will be watching to see if the outcome of LUNA2 succeeds or fails.

But for the airdrop coming, there is a serious anti-dump mechanism in place especially for whales that might want to dump the coins immediately they receive it, if you had up to 10K LUNA before the crash, you will get LUNA2 after 6 months, and if you had more than 1 million LUNA before the crash, you will get LUNA2 after 1 year I don't know if it will be the exact amount they lost though. But the greatest problem Luna has now to me is investor confidence in them and if investors would want to invest in LUNA2, they would need to work extremely hard to get the trust and confidence of their investors back, Let's see how well that goes.

According to the @leofinance office Twitter account tweet about the LUNA2 situation Looks very familiar to the creation of Hive

Here is the tweet:

Wishing the best of luck to the #LUNAtics out there as they re-launch as a fully decentralized community project, much like Hive did in 2020 and with a great deal of success when compared to “Hive Classic” (Steem)

so I guess LUNA2 should learn from Hive's playbook.

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Personally, i wouldnt support LUNA2, if i lost money on luna, cause all trust i had on luna must have been wiped clean.

Yeah, that is the truth, honestly, I am not even thinking of going close to it for any reason.

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Everyone who supports it will have their own reasons, some trying to save a loss, some speculating on the future and I'm sure just some shills too.

I'm not sure there are "Right Reasons", just people who often think they are right.

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I feel everyone supporting LUNA2 is trying to cover up for their losses, and any new investors trying to prove a point of being right about LUNA2 could be signing their portfolio's death wish depending on how much they invest though.

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I would stay far away from it, just out of remorse if I lost money with Luna, and out of safety if not…

I'm not going close to it at all for any reason. My trust level for the project is zero at the moment.

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