Two days after sharing a LUNA burn address, Do Kwon made a u-turn noting that burning LUNA will not improve the state of the Terra ecosystem.
two days later that sending LUNA tokens to the burn address he had sent earlier will do nothing to improve the state of the digital asset. He then advised LUNAtics not to send their tokens as they will only lose them.
“To clarify, as I’ve noted multiple times I dont think sending tokens to this address to burn tokens is a good idea – nothing happens except that you lose your tokens. Want there to be no confusion whatsoever,” Kwon said. Despite claiming that he didn’t want to create confusion, publicly sharing a burn address and advising against sending tokens to the burn address two days later had already created confusion. Pointing this out, one user asked Kwon why he had shared the burn address in the first place since he claimed it was pointless.
“MEXC is delighted to offer a special recovery plan dedicated to the LUNA community. We need your decision in deciding whether we should buy back LUNA and proceed with LUNA burn in order to decrease LUNA circulation on the market,” the exchange said.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Terra's Do Kwon Doesn't Support Burning LUNA Tokens.stablekwon hasn’t endorsed the idea of burning tokens
Read more »
Do Kwon shares LUNA burn address but warns 'LUNAtics' against using it'People kept asking for the burn address': Do Kwon warns against burning $LUNA tokens after sharing the burn address.
Read more »
Market Watch: Bitcoin Reclaims $30K, LUNA Recovers 12%Bitcoin and most altcoins went on the offensive today with impressive gains. Terra's deteriorating LUNA token is up by double digits.
Read more »
Terra (LUNA) Network Dropped by Coinbase Cloud ServiceCoinbase's blockchain API and cloud service stops supporting Terra (LUNA). What about Terra 2.0?
Read more »
Lawsuits aimed at recouping UST/Luna losses test uncharted watersLegal trouble is brewing for Terraform Labs following last week’s collapse of TerraUSD. Do unhappy investors have a case?
Read more »
Some Binance Employees Suggested Trading Against Their Own Users During Luna and UST DrawdownBinance CEO could have made small fortune trading against his own users, but instead, he fired employees who suggested it
Read more »