Topic: Is Terra Classic scam? (Read 1214 times)
it has caused many to lost their money from investing in luna, even worse it seems like the team is abandoning this coin yet so many famous platform like binance are still listing this coin, it indeed could make many confused, but considering the fact this coin has changed into some shit coin, we can make conclusion that if this coin isn't scam it's shitcoin, therefore investing in it could incur losing money.
can't be completely sure about the terra project after the old LUNA raid. some people tell me LUNC is worthy of being an investment vehicle they are responsible for bringing LUNC to the moon but that is still a matter of doubt for me. the reason is Do Kwon arrest, strangely it doesn't affect the price directly, is there something they are hiding here?
We can't say it's a scam yet because Terra LUNA is still running its new coin LUNA Classic but the last news I got was that there was an arrest of the CEO of Terra LUNA who was being chased by the state. This coin is very risky if they don't replace the old team, I'm not sure they can be successful in the future.
True, if the Lunc scam then the first thing to do the top exchanges is deleted from the list, but until now Lunc is still often trending in the top trending or coinmarketcap, especially the daily volume of transactions is always above $ 500 million.
We can't say it's a scam yet because Terra LUNA is still running its new coin LUNA Classic but the last news I got was that there was an arrest of the CEO of Terra LUNA who was being chased by the state. This coin is very risky if they don't replace the old team, I'm not sure they can be successful in the future.
If the scam then the thing that will be done by Binance is to immediately expel them, binance and some spot exchanges are supported by a good analyst team so that the coins in Binance are a good reputation.
We can't say it's a scam yet because Terra LUNA is still running its new coin LUNA Classic but the last news I got was that there was an arrest of the CEO of Terra LUNA who was being chased by the state. This coin is very risky if they don't replace the old team, I'm not sure they can be successful in the future.
All of them should be accounted for the consequences that they have to face. AFAIK, the South Korean government is now hunting them and have released a ban for flights and as well as already cooperated with the Interpol.
It's just going to be a matter of time until Kwon will be arrested and surrender himself and he'll also point out where are his cohorts are hiding.
While for their projects, LUNC is the one that where exchanges are helping with while the new one, is likely being ignored.
It's just going to be a matter of time until Kwon will be arrested and surrender himself and he'll also point out where are his cohorts are hiding.
While for their projects, LUNC is the one that where exchanges are helping with while the new one, is likely being ignored.
Scammers should be held accountable for their own actions. And the Terra project's team is not exempt from being taken by the full force of the law. By arresting the persons involved in Terra Classic, it's likely investor confidence will be restored. It'll be up to the community to come up with new ideas to help attract as much capital into the project as possible.
By itself, the project isn't a scam. But it's a gamble considering that there are still plenty of tokens in circulation. Fortunately, Binance has been contributing to the cause by constantly burning LUNC on chain. The more tokens are burned, the faster the price will be recovered. Who knows if someday LUNC gets past $1 per coin? Just my thoughts
Hello,
Is Terra Classic scam or does it have a chance of success?
Thank you.
Tera is not a classic scam project. It was once a very popular and successful coin.But due to some mistake, this Tera Luna goes into ruin But the team works hard to save the project from scams.They are moving forward with a new project and a change of platform address.It won't be a scam, you can be sure of it. But people are very much scam from here and are in panic. Is Terra Classic scam or does it have a chance of success?
Thank you.
After the classic Terra drops more than 99%, many people say that Terra will die and be worthless again, even I often hear people become stressed because of the drowning terra, but good news is that Terra is still active in trading and today the transaction volume is more than $ 1.4 billion and prices rose more than 3%.
that's just small increase, considering it's still very far off from the former value before the crash of luna is happening, moreover the increase that luna had recently are just some temporary increase it doesn't last long meaning it's useless.
yes
Recently CZ spoke on his tweet about his first burning of LUNC Coins with a total of 1.8 million coins. If you are interested in seeing the contents of the tweet directly, please visit CZ's tweeter, which is this
Tweet CZ or this one tweet CZ
hereby empowering people to continue buying LUNC. although high risk. in fact more and more people are coming into LUNC. they must know the risks they are taking. then no wonder the price of LUNC continues to rise. please do your own research.
Tweet CZ or this one tweet CZ
hereby empowering people to continue buying LUNC. although high risk. in fact more and more people are coming into LUNC. they must know the risks they are taking. then no wonder the price of LUNC continues to rise. please do your own research.
Terra Classic and Terra Luna is not a scam project, because they are still trading on top one cryptocurrency exchange with a very high volume on the difference platform, while investigation still going on towards the Old Tarra Luna project, which the CEO trying to reviving the project back, which a matter of time.
Binance exchange burned the first batch of LUNC commission fees for a week, which is about 5.6 billion LUNC tokens, in the equivalent of USDT, it amounted to about $ 1.863 million. https://finder.terra.money/classic/tx/F6B1CB656843438013D3C9A5948A1353AA3C65F6AE30D627AF791EEE0311AA36
https://twitter.com/cz_binance/status/1576996487241748480
https://twitter.com/cz_binance/status/1576996487241748480
We can't say it's a scam yet because Terra LUNA is still running its new coin LUNA Classic but the last news I got was that there was an arrest of the CEO of Terra LUNA who was being chased by the state. This coin is very risky if they don't replace the old team, I'm not sure they can be successful in the future.
If the scam then the thing that will be done by Binance is to immediately expel them, binance and some spot exchanges are supported by a good analyst team so that the coins in Binance are a good reputation.
Still can't confirm it's a scam coin, currently as far as I know the lunc is managed by another team and not related to the old team. Yes, if lunc is indeed a scam coin, exchanges will soon remove it from their exchanges. Recently, binance also announced that it will spend money to burn Lunc to support the development of this coin.
All of them should be accounted for the consequences that they have to face. AFAIK, the South Korean government is now hunting them and have released a ban for flights and as well as already cooperated with the Interpol.
It's just going to be a matter of time until Kwon will be arrested and surrender himself and he'll also point out where are his cohorts are hiding.
While for their projects, LUNC is the one that where exchanges are helping with while the new one, is likely being ignored.
You cant hide forever and to those people who had committed crime will sooner or later would be caught or faced up some charges and now it did really happen on Kwon which serves him right, if we do look back on whatIt's just going to be a matter of time until Kwon will be arrested and surrender himself and he'll also point out where are his cohorts are hiding.
While for their projects, LUNC is the one that where exchanges are helping with while the new one, is likely being ignored.
happen on that Terra then we could really say that lots had burned up their investments on this scam project.Serves him right as always and this is why its really important that people should stay away on something
been hyped because it is usually ending up on a disaster specially if the price turns out to be looking manipulative.
But what I am thinking is even Kwon and his cohorts will be arrested. They'll just keep on insisting that they did nothing wrong and no money has been with them anymore.
If they tell that as an alibi, there will be those reports that I've seen lately that he has sent to two exchanges outside South Korea for around 3313 bitcoins.
Actually the Luna Classic team is still making a defense of what happened to their coin. They blamed someone for this, while the team still kept Luna Classic. At first glance we can say scams, but in other cases we can't say scams because the exchange still accepts them. If it's something scam do in crypto, the exchange should blacklist Luna coins on the exchange.
All of them should be accounted for the consequences that they have to face. AFAIK, the South Korean government is now hunting them and have released a ban for flights and as well as already cooperated with the Interpol.It's just going to be a matter of time until Kwon will be arrested and surrender himself and he'll also point out where are his cohorts are hiding.
While for their projects, LUNC is the one that where exchanges are helping with while the new one, is likely being ignored.
happen on that Terra then we could really say that lots had burned up their investments on this scam project.Serves him right as always and this is why its really important that people should stay away on something
been hyped because it is usually ending up on a disaster specially if the price turns out to be looking manipulative.
the fact that luna has caused so many to lose their invesments is already such a big sign that it's obvious scam, even though there are many that still invests in the luna classic they are just seeking for quick profits nothing more,
if you wanna real investments then you should just avoid luna altogether, moreover even the new luna isn't really good replacement so basically both coin are failing massively, the only thing that's left is just some small valuation remaining compared with its former ath which I don't think gets ever reached again.
if you wanna real investments then you should just avoid luna altogether, moreover even the new luna isn't really good replacement so basically both coin are failing massively, the only thing that's left is just some small valuation remaining compared with its former ath which I don't think gets ever reached again.
Actually the Luna Classic team is still making a defense of what happened to their coin. They blamed someone for this, while the team still kept Luna Classic. At first glance we can say scams, but in other cases we can't say scams because the exchange still accepts them. If it's something scam do in crypto, the exchange should blacklist Luna coins on the exchange.
All of them should be accounted for the consequences that they have to face. AFAIK, the South Korean government is now hunting them and have released a ban for flights and as well as already cooperated with the Interpol.It's just going to be a matter of time until Kwon will be arrested and surrender himself and he'll also point out where are his cohorts are hiding.
While for their projects, LUNC is the one that where exchanges are helping with while the new one, is likely being ignored.
Is Terra Classic scam or does it have a chance of success?
Actually the Luna Classic team is still making a defense of what happened to their coin. They blamed someone for this, while the team still kept Luna Classic. At first glance we can say scams, but in other cases we can't say scams because the exchange still accepts them. If it's something scam do in crypto, the exchange should blacklist Luna coins on the exchange. 
Hello,
Is Terra Classic scam or does it have a chance of success?
Thank you.
Is Terra Classic scam or does it have a chance of success?
Thank you.
I wonder why are people still asking such questions even after such a big event in the crypto history made everyone aware of how worthless is the Terra project.
After the huge collapse, it became evident that Terra will cease to exist. In fact, it was surprised when Terra launched the 2.0.
I knew it won't survive for long and so did it happened. I will still recommend people to stay away as far as possible from Terra.
Yes, Binance confirmed today that all fees on the spot and margin pairs LUNC/BUSD and LUNC/USDT will be converted into LUNC, followed by sending assets to the address for burning.
The first batch will be calculated from September 21 as of 0:00 (UTC) to October 1 at 23:59:59 (UTC) further, data on the number of coins to be burned, their equivalent value in US dollars and the transaction ID in the network will be updated every week.
Source: https://www.binance.com/en/support/announcement/4769eab576c4479eaa14adc1eb587226
The first batch will be calculated from September 21 as of 0:00 (UTC) to October 1 at 23:59:59 (UTC) further, data on the number of coins to be burned, their equivalent value in US dollars and the transaction ID in the network will be updated every week.
Source: https://www.binance.com/en/support/announcement/4769eab576c4479eaa14adc1eb587226
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