# Recovery One - Community governance for depegged tokens **URL:** \ **Category:** Announcements\ **Created:** [August 10, 2022, 9:59pm UTC](https://talk.harmony.one/t/recovery-one-community-governance-for-depegged-tokens/21104 "2022-08-10T21:59:11Z")\ **Posts on this page:** 1\ **Showing post:** 105
**Author:** ![MaewouOne](https://yyz1.discourse-cdn.com/flex035/user_avatar/talk.harmony.one/maewouone/32/14542_2.png) [@MaewouOne](https://talk.harmony.one/u/MaewouOne)\ **Post date:** [August 28, 2022, 7:59am UTC](https://talk.harmony.one/t/recovery-one-community-governance-for-depegged-tokens/21104/105 "2022-08-28T07:59:41Z")
**We invite holders of depegged 1assets to simply reject the exchange offer** proposed by the RecoveryOne team. This proposal as it stands is **unacceptable** for the following reasons: - **Exchanging depegged stablecoins** (which represents 70% of the amount of the hack) or blue chips (BTC + ETH representing nearly 30% of the amount of the hack) for rOne to be locked over a 3 years period **to hypothetically recover the initial value** of the tokens is a simple swindle and fraud. - **Harmony and its managers must take full responsibility for the $100M** and must propose a solution allowing the holders to recover their funds quickly and to dispose of them as they wish on or off the Harmony blockchain. Failing a substantial improvement of the offer under the following conditions: 1/ **rONE should be 100% pegged to 1assets** 2/ **rONE can buy back 2:1 ONE (50%) within 30 days** and the amount per wallet should not be capped 3/ **Full value in $ONE at the end of 2 YEARS Maximum** 4/ **APR staking must be guaranteed at least 20% per year** 5/ Using a **ONE token price of $0.01** to reflect price post operation We invite all 1assets holders to join our group aiming to engage the responsibility of Harmony and its managers to obtain compensation of our damage before the legal and competent authorities. DM me on Twitter @MaewouOne (or email at [harmonylegalsuite@tutanota.com](mailto:harmonylegalsuite@tutanota.com)) in order to join us in the Class Action Lawsuit for Negligence and Theft. You’ll be asked to provide your 0x… impacted wallet address and personal identification later. **Notice** : you can join our legal proceedings regardless of your citizenship. It is not necessary to be an American citizen --- _[View the full topic](https://talk.harmony.one/t/recovery-one-community-governance-for-depegged-tokens/21104)._