Terra is still available at the Top Exchanges, many say that the future of Terra has been completed because of the case of additional stock to stabilize coins, but I'm sure Terra will survive and might rise because they are supported by a team that has strong financial financial.
burn tax that will be carried out by every major exchange like binance. can make Terra Luna Classic fly again. or slowly climb back up. but we shouldn't rush to get in. because if you look at the current price, the potential for a decline still seems to be visible. so it would be very risky if you still buy while the downtrend is still going on. 
Topic: Is Terra Classic scam? - page 2. (Read 1214 times)
it is indeed a scam considering the minimal effort coming from the dev itself that instead of fixing things they ditched the coin and instead created a new ones, they quite literally running away from their responsibilities like that, if someone think the devs aren't running from their failure, i think they should rethink their decision twice, after all there are many better coins than luna that's just significantly better for investment long term.
That's why we can't trust Terra teams, they tried to scam a second time by creating new projects after LUNA fell very deep all of a sudden,
without any plausible explanation. I was very happy when I heard the news that the founder of LUNA had been found guilty, and has been
issued an arrest warrant by the South Korean police. So that everyone has an open mind that never trust Terra teams again. Even though
a few days ago the price of the LUNC pump, it seems that there are whales who take advantage of this situation, hopefully we will not be influenced
to buy LUNC. We have to start looking for other projects that are safer to buy and can provide big profits. So far indeed Bitcoin and Ethereum are
still my main focus, I'd rather spend my money to buy Bitcoin and Ethereum. Because I believe Bitcoin and Ethereum are very good for
long-term investments and can provide large profits in the future. So my suggestion is that we should forget about projects related to Terra teams,
I believe LUNC will be delisted from exchanges in the near future.
While team of LUNA focus on the developmental aspects of Terra 2, Luna Classic would be run by its community. Community has aided the coin's recovery by passing critical proposals on Terra Classic (LUNC) burn in the hope to recoup the losses of the previous meltdown.
I think Terra Classic not scam, in the wake of increasing traction towards positive sentiment among the community, LUNC price could keep rising in the coming months.
I think Terra Classic not scam, in the wake of increasing traction towards positive sentiment among the community, LUNC price could keep rising in the coming months.
Terra Classic is not a scam, but definitely not worth the investment because of the huge number of coins in circulation. The community approved a proposal to burn LUNC tokens with every transaction performed on the network, but so far, that didn't have a positive impact over market prices. Without mainstream developers building dApps on Terra Classic, the project would be nothing but a complete failure. I'm yet to see whenever investors' confidence will be restored after what happened with the UST stablecoin crash. It's hard to build back confidence when the majority lost all of their life savings in an instant.
If the community really wants to "revive" Terra Classic, it's going to need to do a re-branding of the project in order to give that "fresh image" to the public. Making some sort of a grant program would be a plus, as that would attract developers back into Terra Classic. The chances for recovery are pretty slim, so it's best to look for other options just to be safe. Just my opinion
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.
At the start, when all this Luna drama happened, i thought there was some programming issue and someone exploited the Luna and its stable coin correlation but later when I see this news Terra Co-Founder Do Kwon Faces Arrest Warrant in South Korea, i believe it is the inside gam which happened by Do Kwon and team to make money by scamming millions of people.
While team of LUNA focus on the developmental aspects of Terra 2, Luna Classic would be run by its community. Community has aided the coin's recovery by passing critical proposals on Terra Classic (LUNC) burn in the hope to recoup the losses of the previous meltdown.
I think Terra Classic not scam, in the wake of increasing traction towards positive sentiment among the community, LUNC price could keep rising in the coming months.
I think Terra Classic not scam, in the wake of increasing traction towards positive sentiment among the community, LUNC price could keep rising in the coming months.
Terra Classic is not a scam, but definitely not worth the investment because of the huge number of coins in circulation. The community approved a proposal to burn LUNC tokens with every transaction performed on the network, but so far, that didn't have a positive impact over market prices. Without mainstream developers building dApps on Terra Classic, the project would be nothing but a complete failure. I'm yet to see whenever investors' confidence will be restored after what happened with the UST stablecoin crash. It's hard to build back confidence when the majority lost all of their life savings in an instant.
If the community really wants to "revive" Terra Classic, it's going to need to do a re-branding of the project in order to give that "fresh image" to the public. Making some sort of a grant program would be a plus, as that would attract developers back into Terra Classic. The chances for recovery are pretty slim, so it's best to look for other options just to be safe. Just my opinion
While team of LUNA focus on the developmental aspects of Terra 2, Luna Classic would be run by its community. Community has aided the coin's recovery by passing critical proposals on Terra Classic (LUNC) burn in the hope to recoup the losses of the previous meltdown.
I think Terra Classic not scam, in the wake of increasing traction towards positive sentiment among the community, LUNC price could keep rising in the coming months.
I think Terra Classic not scam, in the wake of increasing traction towards positive sentiment among the community, LUNC price could keep rising in the coming months.
Although Terra Luna is not a classic scam project, it is a very risky coin for people.People lose maximum amount of money from here and their trust and faith is broken from this platform.However, the project is on the verge of destruction today due to a huge mistake by the platform owners. However, despite their efforts to recover, they have succeeded given the current situation and the investment people have made can't do
this coin has a 50:50 chance in my view. A few days ago I heard the news that Luna classic would rise from adversity but after the next few days I also heard the arrest of terra LUNA CEO Do Kwon. this leaves me confused to determine how potential this coin is, but nothing is impossible to crypto. Luna Classic may be successful but with risks that we know.
if the team is still held by the old team like Do Kwon and others I'm not sure the terra LUNA classic will run smoothly in the future. but recently LUNA classic went up high a few days later there was news about the arrest of CEO Do Kwon, but the price didn't drop. i think there will be a replacement team with LUNA classic it will be better.
whoever owns Terra Luna, they must have disappointed all investors who have trusted Luna as a stable coin and then dumped it into $0.whatever happens will never fall into the same abyss, only people who have high expectations and may be said to be stupid still believe in it. because there are many other coins that have a good track record in the past and are more trustworthy than Terra Luna.
don't waste your time just because your expectations are that the storm will pass, it's very difficult in cryptocurrency and it's not that easy.
but if you really believe in your argument about the goodness of Luna after being held by different people it will give you future benefits, try to continue investing there and hold on for the long term and enjoy the black hole that you will meet after the disappointment of investors in the past .
I'm sure it's not easy. investors are already too disappointed with Terra LUNA. whether they might be able to restore investor confidence that had been damaged by the attack on the old LUNA that shattered its price to nothing. LUNA's glory is over, it's better if we look for a fresher project, right?
if the team is still held by the old team like Do Kwon and others I'm not sure the terra LUNA classic will run smoothly in the future. but recently LUNA classic went up high a few days later there was news about the arrest of CEO Do Kwon, but the price didn't drop. i think there will be a replacement team with LUNA classic it will be better.
Exchanges including top exchanges still support Terra Classic after the catastrophe because they know LUNC has huge community and huge trading volume. Exchanges don't want to be outliers which don't support LUNC and they don't want to create negative thinking in their users.
Financially, by listing LUNC, they will get more income from trading fee and as we know, not all exchanges support LUNC burning by using their trading fee to buy back and burn Terra Classic.
I don't think Terra Classic is scam but it is a serious failure from concept. The response of Do Kwon and Terra team after the de-peg is just terrible and stupid. It is not scam but a serious failure in deed.
Financially, by listing LUNC, they will get more income from trading fee and as we know, not all exchanges support LUNC burning by using their trading fee to buy back and burn Terra Classic.
I don't think Terra Classic is scam but it is a serious failure from concept. The response of Do Kwon and Terra team after the de-peg is just terrible and stupid. It is not scam but a serious failure in deed.
That's certainly true, mate. Exchanges list coins they believe would be very beneficial to them. Coins that are popular often generate big trading fees, even if some of them turn into a scam in the long run. While Terra Classic is not a scam, it turned into a failure because of the team's mismanagement of funds. If the Terra Foundation Guard (TFG) used its reserves appropriately, it would've saved the UST stablecoin and Terra's (LUNA) reputation. Instead, they've decided to create a new version of the Blockchain without focusing on burning coins from the original chain. These decisions caused an outrage within the community, effectively scaring away investors from the project (in addition to the rapid decline in both LUNC and USTC's price).
Now Terra's founder will go to jail, so I doubt Terra Classic will revive itself anytime soon. We should look for other alternatives which put investors' concerns above all else. Cardano, Polygon (MATIC), and BNB are your best bet to grow your investment in the long term. Crypto is extremely unpredictable, so I wouldn't be surprised if someday LUNC pumps massively in price at least within a short period of time. Just my opinion
Until now Lunc is still available in many top exchanges such as binance, gate, cuoin, etc., another thing is a large daily transaction volume, even a few days ago the volume has reached $ 4 billion per day, maybe many people are worried because the terra owner is currently arrested but I'm sure they are supported by a solid team that will soon make Lunc Great Again.
Exchanges including top exchanges still support Terra Classic after the catastrophe because they know LUNC has huge community and huge trading volume. Exchanges don't want to be outliers which don't support LUNC and they don't want to create negative thinking in their users.Financially, by listing LUNC, they will get more income from trading fee and as we know, not all exchanges support LUNC burning by using their trading fee to buy back and burn Terra Classic.
I don't think Terra Classic is scam but it is a serious failure from concept. The response of Do Kwon and Terra team after the de-peg is just terrible and stupid. It is not scam but a serious failure in deed.
It follows from the Bloomberg report that a court in Seoul issued an arrest warrant for Terraform Labs CEO Do Kwon and five other people with him on charges of violating South Korean capital markets legislation, Do Kwon is in Singapore. This will undoubtedly have consequences both for the platform as a whole and for individual users, although many have already lost everything, I hope that Do Kwon will be punished.
Source: https://www.bloomberg.com/news/articles/2022-09-14/south-korea-seeks-the-arrest-of-terraform-labs-founder-do-kwon?leadSource=uverify%20wall
Arhive: https://archive.ph/eOjw9#selection-3753.0-3763.181
Source: https://www.bloomberg.com/news/articles/2022-09-14/south-korea-seeks-the-arrest-of-terraform-labs-founder-do-kwon?leadSource=uverify%20wall
Arhive: https://archive.ph/eOjw9#selection-3753.0-3763.181
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.
Isn't this the Terra Luna before that is now Terra classic? now, regarding your question, if this is a scam token. My answer is a big NO. Why did I say? Have you checked the most exchanges here in cryptocurrency, the top 100 exchanges? because of all the exchanges listed there, most of their list includes Terra classic. This is where if it's a scam the exchanges probably won't include it.
But there was a big scandal in the cryptocurrency industry and many were really affected. Perhaps the reason exchanges can't let it go is because of its large community that has been established in the crypto space. That in spite of everything, even if there was a big issue, many people still ventured to get a big income here.
It is not a scam. Just a useless token with no utility like it once had. Right now it is trending and trading only because of the community support. To be honest most of the people are trading and investing in altcoin with the hope of becoming rich real quick. They all believe that the price can reach $1 (being delusional) or at least $0.001.
Right now I think they are going to implement some burn mechanism. People thinks that this burn mechanism will help the price reach $1, but that isn't going to happen anytime soon since most trading and transactions are being done in centralized exchange.
Right now I think they are going to implement some burn mechanism. People thinks that this burn mechanism will help the price reach $1, but that isn't going to happen anytime soon since most trading and transactions are being done in centralized exchange.
It's not a scam as you've said. But I wouldn't recommend investing in it, because its reputation is already destroyed. Investors and traders simply don't trust LUNC after the TerraUSD stablecoin crashed all the way downhill. The team should've rebranded the project in order to help attract new investors into it. Instead, they've decided to make a new coin called "Terra 2.0" with nothing innovative other than eliminating the TerraUSD stablecoin for good. It's all a mess right now, so I'd suggest anyone to look elsewhere.
Investing into Terra Classic would be no different than investing into a "meme" coin like Dogecoin, Shiba Inu, or APECOIN. I wouldn't be surprised if LUNC fades away into oblivion as people move on to the next big thing in crypto. Just my thoughts
snip
Meanwhile, in the absence of the former developers, someone is trying to pump up the old LUNA and UST. So there is clearly foul play to be seen here. Personally, it all reminds me of a scam.
The price movement of the Luna classic has been planned by some groups to create a big news pump in the Luna community but it only benefits the largest holder of the Lunc coin, I have seen the video of the Lunc holder for an estimated $1 million and he has taken huge profits in this pump and sold the Lunc coin for estimated $5K every second on the exchange, I hope you should stop hype the lunc or luna coins because it is very risky to be dumped any time after they take profit. Meanwhile, in the absence of the former developers, someone is trying to pump up the old LUNA and UST. So there is clearly foul play to be seen here. Personally, it all reminds me of a scam.
Almost the entire development team has left the project, the prospects for which are unclear. Do Kwon is hiding from justice in another country and trying to do some new LUNA 2.0 project. Meanwhile, in the absence of the former developers, someone is trying to pump up the old LUNA and UST. So there is clearly foul play to be seen here. Personally, it all reminds me of a scam.
Undoubtedly, everyone in this team was intelligent but they used it negatively due to which even a successful project is scammed today. As they cannot maintain their integrity, investing in their projects is risky. So no one should not invest in this project even there may be short term benefits.
It is not a scam. Just a useless token with no utility like it once had. Right now it is trending and trading only because of the community support. To be honest most of the people are trading and investing in altcoin with the hope of becoming rich real quick. They all believe that the price can reach $1 (being delusional) or at least $0.001.
Right now I think they are going to implement some burn mechanism. People thinks that this burn mechanism will help the price reach $1, but that isn't going to happen anytime soon since most trading and transactions are being done in centralized exchange.
Right now I think they are going to implement some burn mechanism. People thinks that this burn mechanism will help the price reach $1, but that isn't going to happen anytime soon since most trading and transactions are being done in centralized exchange.
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