Topic: The Return Of Terra Luna Classic (Read 438 times)

I won't have much to say here but I understand is that they know about what they called "trust".
Trust is something that builds reliability, transparency and reputation but since they have soiled the this belief from users and those who entrusted their funds in hand of the project owner I doubt if this same project will gain back the previous popularity again since they had already tanished their images. Hence I will say anyone delving into this project is on its own risk to lose their investment.

The trust is broken but the fact that capital ventures all fell to it, scam wasn't the first impression but I learned that greed contributed to middle stage of Luna and later when Do Kwon started running made everything worse. The APY was insane and everyone knows that was an unrealistic profit but they all caught up in the hype and that was because they all made enough already from the bull run only to waste it on altcoin that was hype by everyone including the youtubers and infleucials and I guess even Binance fell the heat than any other investors.

Any investor that you see hanging around Terra is doing it for two reason, its either the person is trying to make back their losses they had on Luna or the person is trying to make people believe that it will go up mean while the person is trying to make profit from them, but the trust is gone, only the investors who lost money are still hanging around the corner.

woez

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In my opinion, if at this time there are those who feel that certain coins/tokens or projects are no longer in line with our values or in other words, they already have a history of problems such as LUNA, you should review it for a while or if you really want to continue, it's better to be careful. if you want to enter and of course based on information that is developing and leading.

Psynthax

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why so many are so eager to make this coin alive again i just wondered.
basically I think this coin have caused many to lose so much money and yet there are so many that eagerly keep trying to make effort in reviving this coin its just beyond my understanding, do they wanna get scammed twice?

eatsleepkill

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TastyChillySauce00

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Quote from: MainIbem on July 09, 2023, 05:56:37 PM

the disappointment still lingers , even with the latest innovations the community will no longer trust it even if they are new members of the terra community itself .
even by pumping/burning coins they won't help the value and confidence to return to terra

Burning coins was only a fake solution to create hype. It has proven if burn meant nothing for the price. Terra luna classi keeps dumped. No more chance for this coin to go up again. Everything already ended since do kwon already jailed by police.

That's very sad to see how so many people keep put their money to invest in this shit scam coin. They never learned from what happened in the past. They keep fooling themselves.

FrozenBit

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Quote from: FrozenBit on July 09, 2023, 10:23:41 AM

Quote from: southerngentuk on July 09, 2023, 11:15:38 AM

~Snip~

This project is similar to a house card game and it has completely collapsed on trust, even though there are some parts and trying to spread information and to pump/dump we have to. can also feel the failure it has brought. Personally, even if I can spend some money to buy Lunc and wait for an opportunity to increase the price to take profits, I will not do it because I understand this environment has many options and I do not necessarily have to get involved with it. Similar to the OP mentioning it, I think it's simply some hype to push the price up and there will be another big sell-off.

The have already destroyed what they had suffered for and now are secretly wanting to come buy back their trust from their community again which I think is unethical for them to have come back again to rebrand and rebuild their project in other for people to start reinvesting again in a shity project that was ones fallen.

There may be some investors who may want to recover their lost from the past events but to me is somehow a cat and dog game where both are watching and monitoring each other's for a little fault and error. There's nothing wrong to reinvest but is a total lost of faith and trust, I don't encourage such investment.

The story of terra's ecosystem is really messy and complicated, when I really have big questions that I think will also answer itself about how, apart from Lunc, Luna, ust,... what are the things here? And I think they're all failed products and still want the pump/dump after that.
In fact, as I witnessed some of my friends spent a lot of money to invest and almost lost everything, there are also some friends who also benefited quickly from the fairly quick pump and a lot of skepticism. And here we all understand investing is always risky, but with something that has repeated and huge risks, it should be avoided.

Xal0lex

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It has crashed once, so maybe it will continue to crash for a second or third time. So there is no reason for us to invest in a currency that has lost faith in the community. After all, people's trust in the project is what developers aim to develop well, but taking advantage of trust is really an asshole. So it's best not to care about this project. This pointless coin was created once again to warn people not to get too hyped and to teach the crypto community a great lesson.

There is really no point in investing in such projects on a long-term basis, as trust in such coins tends to zero, but these projects are valuable for various short-term investors. I don't remember cases in the altcoin industry that any project after a complete devaluation fully recovered and continued to develop further. What happened to LUNA has put an end to its future. The coin can live for a long time and have some liquidity, but it will never gain the importance and capitalization that it had before. We can safely forget about it.

TastyChillySauce00

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Quote from: Farma on July 09, 2023, 10:59:23 PM

the disappointment still lingers , even with the latest innovations the community will no longer trust it even if they are new members of the terra community itself .
even by pumping/burning coins they won't help the value and confidence to return to terra

The trust will never come back again. It's enough to see that lunc already dumped so hard. Some people keep believing if this shit scam chain will be going up again. Do kwon already jailed and there's nothing to believe from this garbage scam project.,

Anything has gone. The price, community, trust and many more.

TribalBob

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Quote from: Xal0lex on July 09, 2023, 09:37:22 AM

the disappointment still lingers , even with the latest innovations the community will no longer trust it even if they are new members of the terra community itself .
even by pumping/burning coins they won't help the value and confidence to return to terra

well, whatever method they use now, people tend to dismiss this coin as a failed coin. However, there have been quite a lot of losses arising from this project. Moreover, even when people adopt this coin, they may just take advantage of its fast volatility to short profits. I am not sure that there will be investors who will keep the money they have for a long time in this coin if it is actually redeveloped.

I also agree that whatever Terra does is useless because the trust of old and new investors is no longer there, if anything, they just take a little luck to take their capital that was sunk by their previous case.

Bolivar_Tony

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Quote from: Dave1 on July 05, 2023, 03:32:20 AM

Scam happened, the coin bankrupted many investors, CEO turned out to be a crook who hid from the authorities for some time, but the community is still discussing the possible return of Terra Luna. What's wrong with you guys? It's time to forget about this crap and switch your attention to some worthy projects that have value and reputation in the community. LUNA has neither of these things, and you are still waiting for some mythical revival, like the phoenix from the ashes.

I guess who spoke about it is trying to hype the project again, they could be related to the devs on someone from inside.

But yeah, it was a traumatic experience for some of us, because of the actual collapsed, Terra Luna has reported that they are heavily investing on bitcoin as well as a hedge and put in on their balance sheet.

But this is just a front as they collapse bringing down all investors with them that they might have bankrupt the majority of us here.

The project brought losses to many investors, they filed lawsuits against them. It is clear that now the developers will try in every way to save the project, to attract some liquidity and somehow cover the losses. Now there is only speculative interest in the project, its utility, as a separate project, is completely dead. In the crypto industry, it is easier to open a new project than to try to revive an old one, which has a lot of problems, including legal ones.

well never say never in crypto space anything can happen, all they need to do is to bring in good team to manage the project better and a well known investors to invest their money there and you will be surprised how the hype will come back because when they restart they will be aiming to go back to their former price and even make a new all time high, so nothing is impossible in crypto space

Farma

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Quote from: FrozenBit on July 09, 2023, 10:23:41 AM

the disappointment still lingers , even with the latest innovations the community will no longer trust it even if they are new members of the terra community itself .
even by pumping/burning coins they won't help the value and confidence to return to terra

well, whatever method they use now, people tend to dismiss this coin as a failed coin. However, there have been quite a lot of losses arising from this project. Moreover, even when people adopt this coin, they may just take advantage of its fast volatility to short profits. I am not sure that there will be investors who will keep the money they have for a long time in this coin if it is actually redeveloped.

MainIbem

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Activity: 1316

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~Snip~

This project is similar to a house card game and it has completely collapsed on trust, even though there are some parts and trying to spread information and to pump/dump we have to. can also feel the failure it has brought. Personally, even if I can spend some money to buy Lunc and wait for an opportunity to increase the price to take profits, I will not do it because I understand this environment has many options and I do not necessarily have to get involved with it. Similar to the OP mentioning it, I think it's simply some hype to push the price up and there will be another big sell-off.

The have already destroyed what they had suffered for and now are secretly wanting to come buy back their trust from their community again which I think is unethical for them to have come back again to rebrand and rebuild their project in other for people to start reinvesting again in a shity project that was ones fallen.

There may be some investors who may want to recover their lost from the past events but to me is somehow a cat and dog game where both are watching and monitoring each other's for a little fault and error. There's nothing wrong to reinvest but is a total lost of faith and trust, I don't encourage such investment.

southerngentuk

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It has crashed once, so maybe it will continue to crash for a second or third time. So there is no reason for us to invest in a currency that has lost faith in the community. After all, people's trust in the project is what developers aim to develop well, but taking advantage of trust is really an asshole. So it's best not to care about this project. This pointless coin was created once again to warn people not to get too hyped and to teach the crypto community a great lesson.

D ltr

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the disappointment still lingers , even with the latest innovations the community will no longer trust it even if they are new members of the terra community itself .
even by pumping/burning coins they won't help the value and confidence to return to terra

SUPERSAIAN

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You don't expect the dead token to respawn, do you? I don't think it will attract attention, now 6 Samurai is very creative indeed. What do they expect when the name changes, literally how many times have they changed their name before? New Luna, Luna Classic, it is not possible for a dead token to be reborn. Especially after such a big case. Once trust is destroyed, it cannot be rebuilt.

FrozenBit

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Quote from: Dave1 on July 05, 2023, 03:32:20 AM

I won't have much to say here but I understand is that they know about what they called "trust".
Trust is something that builds reliability, transparency and reputation but since they have soiled the this belief from users and those who entrusted their funds in hand of the project owner I doubt if this same project will gain back the previous popularity again since they had already tanished their images. Hence I will say anyone delving into this project is on its own risk to lose their investment.

This project is similar to a house card game and it has completely collapsed on trust, even though there are some parts and trying to spread information and to pump/dump we have to. can also feel the failure it has brought. Personally, even if I can spend some money to buy Lunc and wait for an opportunity to increase the price to take profits, I will not do it because I understand this environment has many options and I do not necessarily have to get involved with it. Similar to the OP mentioning it, I think it's simply some hype to push the price up and there will be another big sell-off.

MainIbem

sr. member

Activity: 1316

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Fully Regulated Crypto Casino

I won't have much to say here but I understand is that they know about what they called "trust".
Trust is something that builds reliability, transparency and reputation but since they have soiled the this belief from users and those who entrusted their funds in hand of the project owner I doubt if this same project will gain back the previous popularity again since they had already tanished their images. Hence I will say anyone delving into this project is on its own risk to lose their investment.

Xal0lex

staff

Activity: 2436

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Quote from: Blitzboy on July 05, 2023, 01:56:49 AM

Scam happened, the coin bankrupted many investors, CEO turned out to be a crook who hid from the authorities for some time, but the community is still discussing the possible return of Terra Luna. What's wrong with you guys? It's time to forget about this crap and switch your attention to some worthy projects that have value and reputation in the community. LUNA has neither of these things, and you are still waiting for some mythical revival, like the phoenix from the ashes.

I guess who spoke about it is trying to hype the project again, they could be related to the devs on someone from inside.

But yeah, it was a traumatic experience for some of us, because of the actual collapsed, Terra Luna has reported that they are heavily investing on bitcoin as well as a hedge and put in on their balance sheet.

But this is just a front as they collapse bringing down all investors with them that they might have bankrupt the majority of us here.

The project brought losses to many investors, they filed lawsuits against them. It is clear that now the developers will try in every way to save the project, to attract some liquidity and somehow cover the losses. Now there is only speculative interest in the project, its utility, as a separate project, is completely dead. In the crypto industry, it is easier to open a new project than to try to revive an old one, which has a lot of problems, including legal ones.

Silberman

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Quote from: LogitechMouse on July 03, 2023, 02:22:58 AM

In cryptocurrency world, once the trust has been broken, it's very hard for it to be regained thus, those projects who often failed for some reasons are just getting abandoned. For some reasons, the old developers of this project rebranded. Now the question is will they be as successful as what it was when it's still on the top 10? I don't think so especially if the trust has been broken already.

Those who saw what happened, and those who experienced losing tons of money because of this project, for sure they will not even touch or they don't even want to heard anything connected to them anymore. On the other hand, there are these newbies who might not know what happen in the past, and they might invest into it because they didn't do any research at all, and they just invested into it. Poor newbies.

What are the chances of the project to be a successful one "again"? Pretty low TBH, and even they will be rebranding, there will be some who will attach them to Terra Luna. The incident that happened months ago has been already written as one of the worst scams in crypto history. As for me, Nahhh I will not touch that project at all. For me, a failed project will always be a failure no matter what they will do with it.

Once trust has been broken, its true that rebuilding it is a difficult uphill battle. Rebranding efforts remind me of a phoenix trying to emerge from the ashes of a doomed undertaking. Does it eventually rise again? Skepticism, on the other hand, helps keep me rooted in reality. It's like developing a new version of a low-rated film and wondering whether people would still go see it. This latter option is the one I like.

Let us not, however, write off all hope for development and alteration. Even though the odds are stacked against you, you should never give up hope. Newcomers to the crypto space, however, may not be as wary since they have never been hacked before. This might give the renamed enterprise a false sense of legitimacy, but eventually the reality will come out.

The likelihood of a successful return seems about the same to me as that of a poor romantic comedy. Keep in mind that, in crypto as in life, it is essential to grow from your experiences. If the stove has ever burnt you, don't use it again no matter how much you think it has been improved.

No matter how much I think about it, a triumphant return of Terra Luna seems like an impossibility to me, it is true that newbies being ignorant about the past may invest in it thinking they are investing in a great coin, but no one that formed part of this market when Luna collapsed will take their risk with that coin, after all even if there are many people out there which love to take massive risks they have their limits too, and Luna is a coin that has a massive risk attached to it and the ROI is simply not there.

Bobrox

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Seems there are not any one cares with return of Terra Luna Network, after scamming many investor and coins price dropped drastically there are never has second chance for Luna network back to higher price and investor want to make second mistake. Its seems possible has chance for Luna network coin back to higher price because difficult to get investor trust after they loss much investment after investing in Luna network coins.

I don't think good ideas with publishing the return of Luna network classic because investor has loss faith for investing in this coin, actually never has any coins get second chance up to higher price after dropping drastically. Have been dilemma for many investor won't spent their money to the same coins has chance for losing again although one day later Luna network will manage by the other owner.

Husires

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History teaches us that any currency that went through a hard fork, the resulting fork will be worse. Look at what happened with Bitcoin Cash, at first they performed well and soon their value became closer to zero.
Terra Luna had a problem that led to the collapse of the price, and therefore all the resulting forks will be worse because they are cosmetic solutions to a basic problem that the currency suffered from, and therefore the best investment you will get is that you will get a good profit in the short term, and a big loss in the long term, and we are here talking about the best scenario .

Dave1

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Quote from: LogitechMouse on July 03, 2023, 02:22:58 AM

I am dropping it here because it is just for information to all the users. Mostly for those who not heard the return of Terra Luna. Terra Luna a token in the Cryptocurrency Ecosystem collapsed last year May and the co founders were jailed, the co founder was given 4 month jail term. In the month of April, the programmers came up with new idea to relaunched the coin and they call themselves “Six Samurai." The rebranded name is "Terra Classic"
Six Samurai: Anonymous Developers Seek to Revive Terra Classic Ecosystem

Scam happened, the coin bankrupted many investors, CEO turned out to be a crook who hid from the authorities for some time, but the community is still discussing the possible return of Terra Luna. What's wrong with you guys? It's time to forget about this crap and switch your attention to some worthy projects that have value and reputation in the community. LUNA has neither of these things, and you are still waiting for some mythical revival, like the phoenix from the ashes.

I guess who spoke about it is trying to hype the project again, they could be related to the devs on someone from inside.

But yeah, it was a traumatic experience for some of us, because of the actual collapsed, Terra Luna has reported that they are heavily investing on bitcoin as well as a hedge and put in on their balance sheet.

But this is just a front as they collapse bringing down all investors with them that they might have bankrupt the majority of us here.

Blitzboy

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In cryptocurrency world, once the trust has been broken, it's very hard for it to be regained thus, those projects who often failed for some reasons are just getting abandoned. For some reasons, the old developers of this project rebranded. Now the question is will they be as successful as what it was when it's still on the top 10? I don't think so especially if the trust has been broken already.

Those who saw what happened, and those who experienced losing tons of money because of this project, for sure they will not even touch or they don't even want to heard anything connected to them anymore. On the other hand, there are these newbies who might not know what happen in the past, and they might invest into it because they didn't do any research at all, and they just invested into it. Poor newbies.

What are the chances of the project to be a successful one "again"? Pretty low TBH, and even they will be rebranding, there will be some who will attach them to Terra Luna. The incident that happened months ago has been already written as one of the worst scams in crypto history. As for me, Nahhh I will not touch that project at all. For me, a failed project will always be a failure no matter what they will do with it.

Once trust has been broken, its true that rebuilding it is a difficult uphill battle. Rebranding efforts remind me of a phoenix trying to emerge from the ashes of a doomed undertaking. Does it eventually rise again? Skepticism, on the other hand, helps keep me rooted in reality. It's like developing a new version of a low-rated film and wondering whether people would still go see it. This latter option is the one I like.

Let us not, however, write off all hope for development and alteration. Even though the odds are stacked against you, you should never give up hope. Newcomers to the crypto space, however, may not be as wary since they have never been hacked before. This might give the renamed enterprise a false sense of legitimacy, but eventually the reality will come out.

The likelihood of a successful return seems about the same to me as that of a poor romantic comedy. Keep in mind that, in crypto as in life, it is essential to grow from your experiences. If the stove has ever burnt you, don't use it again no matter how much you think it has been improved.

shinratensei_

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Quote from: AmoreJaz on July 02, 2023, 06:55:29 PM

Quote from: shinratensei_ on July 02, 2023, 06:49:42 PM

there quite literally has been 11 attempt coming from binance sides in burning the coin reducing the total supply and all of them seemed to be futile.
I think coin has been beyond any means of saving or even revival. this coin not gonna be returning anytime soon moreover considering the fact that it has caused massive loss towards its believers back
in the days when there are many that willfully invested their coin to this coin thinking it would be their investment but turns out the coin it self was massive scam.
even if it does indeed returned I doubt it will ever garner the attention of other to invest in it other than mockery since the loss caused by this project alone was massive.

i don't know how people will still hope for the best for this project. time to move on and explore more worthwhile projects. if they will try to revive again this project, high likely that this is just to recover some of the losses.
once you got burned from this, people should learn their lessons well. there's too many projects that have better use case and rock solid foundation.

thats true and what i've been thinking honetly, people are quite literally just trying to get themselves falling in the same hole twice which might sounds ridiculous but honestly
thats what really happening nowadays.
imagine investing in something that have caused you massive loss and that being done purposefully and still having faith in the project that sounds like oblivious blind faith honestly towards the project.
just move on and invest in some other thing that significantly better, there are most certainly many of them with better innovations and overall in every aspects.

Marykeller

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Quote from: Apocollapse on June 28, 2023, 03:32:06 AM

The reason why the developer is really like to change the name is to make people forget about the failure of Luna and convince people to buy this coin. But it's not as easy as that because people aren't that stupid to buy the coin from failed project.

It would be stupid of them to believe that giving themselves a new name will help people forget the suffering and losses they caused them the previous year.

I counted myself among the investors who lost money with the Luna coin. Finding out about their new initiative to relaunch the coin under the name "Terra Classic" is like touching people's scars from healing

I don't think there's any chance the coin will be successful in the crypto market because those investors that got their investment rug pulled from their project last year would never give a good recommendation about the project to other investors. It will always be a bad recommendation for other investors to be aware of their past evil deeds.

Xal0lex

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Quote from: Silberman on July 04, 2023, 01:01:45 AM

Scam happened, the coin bankrupted many investors, CEO turned out to be a crook who hid from the authorities for some time, but the community is still discussing the possible return of Terra Luna. What's wrong with you guys? It's time to forget about this crap and switch your attention to some worthy projects that have value and reputation in the community. LUNA has neither of these things, and you are still waiting for some mythical revival, like the phoenix from the ashes.

Greed is a powerful drug, they see the current price of Luna and then they see the price it reached at its peak, and they think that even if they buy a small amount of it now, if Luna were to make a comeback then they will become millionaires by investing just a few dollars, so some people keep speculating that it could make a comeback as it is on their bests interests that it does, however after the debacle it suffered I would say any hope for a recovery is wasted on that scam coin.

Unfortunately, this is true. I see similar naive reasoning in some users. They think that if they buy a heavily depreciated token now, there is a chance that when LUNA returns to its pre-fall prices, they will get fabulously rich. Except that history does not yet know of a single case where an altcoin lost 100% of its value and then rose back up. It happens only in investors fantasies.

Silberman

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I am dropping it here because it is just for information to all the users. Mostly for those who not heard the return of Terra Luna. Terra Luna a token in the Cryptocurrency Ecosystem collapsed last year May and the co founders were jailed, the co founder was given 4 month jail term. In the month of April, the programmers came up with new idea to relaunched the coin and they call themselves “Six Samurai." The rebranded name is "Terra Classic"
Six Samurai: Anonymous Developers Seek to Revive Terra Classic Ecosystem

Scam happened, the coin bankrupted many investors, CEO turned out to be a crook who hid from the authorities for some time, but the community is still discussing the possible return of Terra Luna. What's wrong with you guys? It's time to forget about this crap and switch your attention to some worthy projects that have value and reputation in the community. LUNA has neither of these things, and you are still waiting for some mythical revival, like the phoenix from the ashes.

Greed is a powerful drug, they see the current price of Luna and then they see the price it reached at its peak, and they think that even if they buy a small amount of it now, if Luna were to make a comeback then they will become millionaires by investing just a few dollars, so some people keep speculating that it could make a comeback as it is on their bests interests that it does, however after the debacle it suffered I would say any hope for a recovery is wasted on that scam coin.

Xal0lex

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Quote from: AmoreJaz on July 02, 2023, 06:55:29 PM

I am dropping it here because it is just for information to all the users. Mostly for those who not heard the return of Terra Luna. Terra Luna a token in the Cryptocurrency Ecosystem collapsed last year May and the co founders were jailed, the co founder was given 4 month jail term. In the month of April, the programmers came up with new idea to relaunched the coin and they call themselves “Six Samurai." The rebranded name is "Terra Classic"
Six Samurai: Anonymous Developers Seek to Revive Terra Classic Ecosystem

Scam happened, the coin bankrupted many investors, CEO turned out to be a crook who hid from the authorities for some time, but the community is still discussing the possible return of Terra Luna. What's wrong with you guys? It's time to forget about this crap and switch your attention to some worthy projects that have value and reputation in the community. LUNA has neither of these things, and you are still waiting for some mythical revival, like the phoenix from the ashes.

Vickysagar

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Quote from: shinratensei_ on July 02, 2023, 06:49:42 PM

there quite literally has been 11 attempt coming from binance sides in burning the coin reducing the total supply and all of them seemed to be futile.
I think coin has been beyond any means of saving or even revival. this coin not gonna be returning anytime soon moreover considering the fact that it has caused massive loss towards its believers back
in the days when there are many that willfully invested their coin to this coin thinking it would be their investment but turns out the coin it self was massive scam.
even if it does indeed returned I doubt it will ever garner the attention of other to invest in it other than mockery since the loss caused by this project alone was massive.

i don't know how people will still hope for the best for this project. time to move on and explore more worthwhile projects. if they will try to revive again this project, high likely that this is just to recover some of the losses.
once you got burned from this, people should learn their lessons well. there's too many projects that have better use case and rock solid foundation.

I don't understand that too, but I don't understand how people fall for the even more obvious scams, but they do. So all we can do is just do the best for ourselves.

LogitechMouse

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In cryptocurrency world, once the trust has been broken, it's very hard for it to be regained thus, those projects who often failed for some reasons are just getting abandoned. For some reasons, the old developers of this project rebranded. Now the question is will they be as successful as what it was when it's still on the top 10? I don't think so especially if the trust has been broken already.

Those who saw what happened, and those who experienced losing tons of money because of this project, for sure they will not even touch or they don't even want to heard anything connected to them anymore. On the other hand, there are these newbies who might not know what happen in the past, and they might invest into it because they didn't do any research at all, and they just invested into it. Poor newbies.

What are the chances of the project to be a successful one "again"? Pretty low TBH, and even they will be rebranding, there will be some who will attach them to Terra Luna. The incident that happened months ago has been already written as one of the worst scams in crypto history. As for me, Nahhh I will not touch that project at all. For me, a failed project will always be a failure no matter what they will do with it.

AmoreJaz

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Quote from: shinratensei_ on July 02, 2023, 06:49:42 PM

there quite literally has been 11 attempt coming from binance sides in burning the coin reducing the total supply and all of them seemed to be futile.
I think coin has been beyond any means of saving or even revival. this coin not gonna be returning anytime soon moreover considering the fact that it has caused massive loss towards its believers back
in the days when there are many that willfully invested their coin to this coin thinking it would be their investment but turns out the coin it self was massive scam.
even if it does indeed returned I doubt it will ever garner the attention of other to invest in it other than mockery since the loss caused by this project alone was massive.

i don't know how people will still hope for the best for this project. time to move on and explore more worthwhile projects. if they will try to revive again this project, high likely that this is just to recover some of the losses.
once you got burned from this, people should learn their lessons well. there's too many projects that have better use case and rock solid foundation.

shinratensei_

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there quite literally has been 11 attempt coming from binance sides in burning the coin reducing the total supply and all of them seemed to be futile.
I think coin has been beyond any means of saving or even revival. this coin not gonna be returning anytime soon moreover considering the fact that it has caused massive loss towards its believers back
in the days when there are many that willfully invested their coin to this coin thinking it would be their investment but turns out the coin it self was massive scam.
even if it does indeed returned I doubt it will ever garner the attention of other to invest in it other than mockery since the loss caused by this project alone was massive.

lobo13hf

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Quote from: Yamifoud on July 02, 2023, 04:02:30 AM

I wish they don't do that anymore and make the name Luna heard again. It is better they use another name that possibly gains more market engagement and interest but carrying the name Luna, it only reminds us of what they did before - terrible losses. I have no doubt that this won't gain demand, even a newbie already knows their issue in the past so I don't think they could win the trust of the community rather than failing.

It is better not to continue their plan, they only ignored and wasted their efforts.

thats true its just better to forget this coin, so much loss has been incurred, its better to seek other project if someone truly wanna invests for good.
after all there has been so many good quality project out there released after luna collapse in which significantly better in many aspects and one of them is that it didn't scam.

TheSpiral

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Quote from: Godday on July 02, 2023, 02:49:01 AM

After what happened with Luna and Luna Classic, I think many investors have lost their faith in LUNA.

yes no body want to hold luna now and Its become memecoin. its very hard to create faith after giving big loss to people. There is so much competition in Crypto and project have to be secured and doing there best to be on top so that investors took interest otherwise everyday dozen of tokens launching but very few took place in top hundred.

Quote

Even changing the name is a very bad idea. Maybe it's good for some other projects that didn't crash like Cocos who had rebranded to COmbo, But Luna went with that name change as if they wanted to repeat the same pattern. No one would believe them if they didn't solve their old problems.

changing name for luna will not work as they either failed or scammed people and both are very bad for crypto business and especially second one is worst situation. i didn't seen any change in price after this news which show that no body is interested in this project more

Kavelj22

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Quote from: Yamifoud on July 02, 2023, 04:02:30 AM

I wish they don't do that anymore and make the name Luna heard again. It is better they use another name that possibly gains more market engagement and interest but carrying the name Luna, it only reminds us of what they did before - terrible losses. I have no doubt that this won't gain demand, even a newbie already knows their issue in the past so I don't think they could win the trust of the community rather than failing.

I do not see that changing the name will be useful in restoring consideration for this currency, regardless of the size of the development on it. What happened with Luna Network was not an accidental event that any project might go through. The size of the losses caused by the collapse of Luna was catastrophic and caused a general recession in the crypto market due to the decline in user confidence in the blockchain in general.

Yesterday, Binance has burned 2.65 billion Terra Classic (LUNC) tokens in its 11th burn round, which contributed to raising its price by 3%. Perhaps this is what brought this currency back to the fore, but it does not mean that confidence in it has begun to be restored.

I am one of the enthusiasts to completely abandon all the currencies that were connected to the Luna network and hold the developers responsible for what happened last year.

Yamifoud

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I wish they don't do that anymore and make the name Luna heard again. It is better they use another name that possibly gains more market engagement and interest but carrying the name Luna, it only reminds us of what they did before - terrible losses. I have no doubt that this won't gain demand, even a newbie already knows their issue in the past so I don't think they could win the trust of the community rather than failing.

It is better not to continue their plan, they only ignored and wasted their efforts.

Godday

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After what happened with Luna and Luna Classic, I think many investors have lost their faith in LUNA.

Even changing the name is a very bad idea. Maybe it's good for some other projects that didn't crash like Cocos who had rebranded to COmbo, But Luna went with that name change as if they wanted to repeat the same pattern. No one would believe them if they didn't solve their old problems.

But thank you for giving me the information that Luna will be rebranding Grin

tygeade

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Quote from: yazher on June 29, 2023, 06:45:05 AM

I don't know why they are doing this because this seems to push away investors as soon as they see that name. After all, they already know its history and the people who work behind it. Newbies nowadays are primarily bright and don't rush into an investment like before because of these stories in the crypto industry. Of course, they will know already what they were going to do once they spot a new project and when they see such one, they will probably stay away from it. But we don't know about the others because sometimes, no matter how obvious the scam is, they don't really care and continue to pursue investing in it.

Changing the name would be even worse because it means that they are trying to hide it and when someone points that out they would have two options, either say that they never intended to hide it and just using a different name, or they will be caught and deny everything and that won't help at all.

So all in all, I think it is quite obvious that we are not going to get a lot of changes in this, it is going to be pretty obvious that life is as weird as it gets with people who still invest into this, it would be a silly move to keep investing into it, but when you check the data you will see that even though it is very very little, the amount of people who buy this is not zero. That means there are still some people who are taking this risk for some reason.

Silberman

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Quote from: uche6215 on June 29, 2023, 05:17:30 AM

We all that they have failed their fans and other investors of the token. But the way I looked at it, they have repented and coming back with a good package. If you look the investment amount in the token you wouldn't believe that it is a new project in the blockchain. People have invested more than$500,000 in token as from April 2023 to June 2023.

There is no way to comeback from such collapse, the collapse was so through and they damaged the lives of so many people that it is not possible for this coin to regain its former glory, there is simply no one which has heard of what happened to Luna that is willing to waste their money with a project related to it, and most likely those 500k which they obtained come from newbie investors which have no idea at all about what they are doing in this market.

lienfaye

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I am dropping it here because it is just for information to all the users. Mostly for those who not heard the return of Terra Luna. Terra Luna a token in the Cryptocurrency Ecosystem collapsed last year May and the co founders were jailed, the co founder was given 4 month jail term. In the month of April, the programmers came up with new idea to relaunched the coin and they call themselves “Six Samurai." The rebranded name is "Terra Classic"
Six Samurai: Anonymous Developers Seek to Revive Terra Classic Ecosystem

I don't think they can fool the investors to buy and support this new coin as the revival of Terra Luna with a new name. The past experienced of Terra Luna investors are traumatic to those who believe it can't go to zero but turned out as a scam project.

So it's not going to work unless an investor attracted to buy is not careful to do an extensive research before trusting a project. Because investors already learned their lesson, so I bet they will not repeat the same mistakes again, right?

Beparanf

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Quote from: hugeblack on June 28, 2023, 05:11:38 AM

In the month of April, the programmers came up with new idea to relaunched the coin and they call themselves “Six Samurai." The rebranded name is "Terra Classic"
Six Samurai: Anonymous Developers Seek to Revive Terra Classic Ecosystem

This is the most bullshit idea ever. This project is worst shit show that loss Billion Dollar Marketcap on a single day so why the need to revive this shit crap project while there's a lot of investors lose their money on this worst failure project?

There's a Luna fork active while the only user interested on this revive scam are those user that still clinging on the old tokens and still accumulating on lower price in hope for this revive shit. This is a scam and this 6 samurai shit developer is probably holding bunch of Lunc tokens ready to dump once the hype kicks in again.

Farma

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when he has disappointed many people, then the next project may not be as big as the first. after all I think he has lost a lot of people's trust. if someone invests, then I don't think that person will be serious about holding large amounts of their assets, and for a long period of time. However, when you have failed to keep the faith, I don't think there will be a second chance. What's more, what you're disillusioned with is the international community.

Hypnosis00

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To revive and scam again? I think the best thing to do for them is to refund the people who lost their money, maybe this will help revive the trust again. But if they don't have the intention of doing that, I don't think that was acceptable to the community. Because once the trust has been ruined, it was hard to get back and the scam issue that they have done before is always available on the internet and people could find it if they do the research.

Well, let's put into the scenario that they are active again and the question is if they could get investors. Or they will fake the volume and price?

jossiel

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So if this happens, this is like the 3rd time of its revival right? I don't know if people will still buy on this revival plans.

Anyone who's been in deep loss with this project shouldn't bother to think that you'll recover from retrieval or revival plans from this project. If you want to keep yourself safe from any of their plans, don't go near to it ever again.

Think of this coin as good as dead and whoever plays around with it are just playing the whales game.

Wiwo

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Whoever tries to promote the return of that coin is supporting a pump-and-dump scam coin.

I agree with this statement because this is another pump-and-dump attempt by the same team of behind all the other dead Terra products and there is no mechanism to make this project stand out and be different from the others.

Since the Terra network plus their CEO bankruptcy sega it has become obvious that the team have not seized to make a lot of pump-and-dump attempts all to milk out investors' funds just like the collapse of the TLuna and even its exchange FTX bankruptcy has caused for the investors

EmpoEX

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Do you think they are going to recover? I have heard that FTX going to get back the 7 billion. But how long it may take? Do they have a plan to continue their platform?

Freddie Boyer

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Quote from: uche6215 on June 29, 2023, 05:17:30 AM

We all that they have failed their fans and other investors of the token. But the way I looked at it, they have repented and coming back with a good package. If you look the investment amount in the token you wouldn't believe that it is a new project in the blockchain. People have invested more than$500,000 in token as from April 2023 to June 2023.

Yes. That will be the headline news this year. As you wrote now other warriors have arrived and FTX started discussions to relaunch its international exchange. Although still young, the UST/LUNA incident collapsed to $0 and tens of billions of users' funds disappeared from the crypto market and destroyed the lives of many who invested. It's better not to be discussed again, I'm sure it will happen again.

MAAManda

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I am dropping it here because it is just for information to all the users. Mostly for those who not heard the return of Terra Luna. Terra Luna a token in the Cryptocurrency Ecosystem collapsed last year May and the co founders were jailed, the co founder was given 4 month jail term. In the month of April, the programmers came up with new idea to relaunched the coin and they call themselves “Six Samurai." The rebranded name is "Terra Classic"

$LUNA reputation isn't good anymore on the crypto side, even if the anonymous group calling themselves the Six Samurai comes with a revival mission, it will not be enough to make the public believe in this project again. I wonder why they want to waste their time doing such useless things, maybe this is just speculation aimed at driving opinion/MC to $LUNC.

ElmedoRator

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I'm wondering what they can do to regain the community's trust with this, first after what happened it branded itself in the minds of many as a failed product, and then pump/dump makes it more of a shitcoin to me. Looking at this article makes me think again about an exaggerated ploy to refresh and attract newcomers and hurt them, I really always advise people in this market to have more things to choose not only because of fomo but lose the steadfast psychology of investment.

lobo13hf

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anyone actually anticipating this revival must be oblivious of the fact that the same thing could scam you twice.
why so hellbent in getting this coin revived meanwhile we aren't even lacking newer projects thats speaking from technology also much more better i just don't understand honestly.

zasad@

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I am dropping it here because it is just for information to all the users. Mostly for those who not heard the return of Terra Luna. Terra Luna a token in the Cryptocurrency Ecosystem collapsed last year May and the co founders were jailed, the co founder was given 4 month jail term. In the month of April, the programmers came up with new idea to relaunched the coin and they call themselves “Six Samurai." The rebranded name is "Terra Classic"
Six Samurai: Anonymous Developers Seek to Revive Terra Classic Ecosystem

I lost a lot of stablecoins in that project, and it's a shame that none of the smart analysts saw fraud in how decentralized stablecoins are issued and staked at 20 per annum. I just kept my stablecoins in this project.
Many developers have already left this ecosystem, and without their decentralized sablecoin, this ecosystem will be dead.

yazher

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I don't know why they are doing this because this seems to push away investors as soon as they see that name. After all, they already know its history and the people who work behind it. Newbies nowadays are primarily bright and don't rush into an investment like before because of these stories in the crypto industry. Of course, they will know already what they were going to do once they spot a new project and when they see such one, they will probably stay away from it. But we don't know about the others because sometimes, no matter how obvious the scam is, they don't really care and continue to pursue investing in it.

Fundamentals Of

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Old news. Didn't gain any attention. There's a reason for it. Terra Luna was a scam and it was developed by a scammer. So why would anybody who has enough knowledge of what happened to it support this revival?

These so-called six samurai should've known better than insisting on Terra, a big failure in the history of crypto. They should've just focused their attention on something else rather than force this scam to the crypto community.

Revival may be a great effort but not when it's a scam that is being revived. Terra caused so much pain and trauma. It is unreasonable to continue it.

kaseygriffin

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I read that article, but I will have no reason to go back and put my trust in this coin, or if it is just looking for profit opportunities, I also have a lot of safe choices. many times over it. In my mind Lunc is really just the past and part of the history of the crypto market, all that remains is a small spark for us to gnaw on the past, although I also know it still has a community who are stuck with them and there will also be some hype to deceive ignorance and entice new members.
Anyway, it's still something to remember if ever invested.

Jackl87

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