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– TIMESTAMPS –
2:12 What’s Terra?
4:40 How Does Terra Work?
7:20 LUNA Tokenomics
9:24 LUNA Staking & Value Evaluation
10:47 Mirror Protocol
13:26 Anchor Protocol
14:37 Alice Finance
⛓️ 🔗 Helpful Hyperlinks 🔗 ⛓️
► Terra & LUNA Defined In Depth:
► Mirror Protocol Information:
► Terra Station Pockets Browser Extension:
► Anchor Protocol Announcement & Particulars:
► Alice Finance Twitter:
Terra permits for the creation of stablecoins pegged to varied fiat currencies. Terra is meant to be the again finish of the varied apps and merchandise being constructed by Terraform Labs and the Terra Alliance.
Terra’s KRT stablecoin (Korean Received) is utilized by greater than a dozen purposes to settle funds, together with Chai which boasts over 2 million customers, and is technically probably the most used dApp in crypto.
🛠How Does Terra Work?🛠
To mint a Terra stablecoin like UST, you could burn the equal greenback quantity of Terra’s native coin, LUNA. UST may also be burned to redeem an equal greenback quantity of LUNA.
This creates intelligent monetary incentive that ensures Terra stablecoins all the time preserve their fiat peg. A small portion of LUNA used to mint UST is allotted to a neighborhood treasury to fund new initiatives.
Terra held a collection of personal gross sales for the LUNA coin in early 2019 and there was no public ICO. This listing of personal sale traders included Binance, Huobi, Okex, and about half a dozen enterprise capital companies.
Solely 4% of LUNA’s preliminary provide was out there to people such as you and me when it began buying and selling. The remaining went to crew and personal traders.
It’s unclear what number of LUNA cash had been bought to non-public traders. LUNA has a dynamic provide cap of 1 billion, and cash are robotically minted or burned to remain as near that quantity as doable.
📊LUNA Staking & Value Evaluation📊
Since LUNA is just not inflationary, validators and delegators earn numerous community charges as an alternative. Given the low charges of the Terra blockchain, LUNA staking is just not very profitable, and yields a whopping 1.5% annual return.
Parabolic is the right phrase to explain LUNA’s worth motion for the reason that begin of 2021.It has pulled greater than a 10x transfer since January and continues to rally.
This appears to be because of the insane demand for UST, which drove up its worth above its 1 greenback peg a number of instances in late January and early February. Tens of millions of LUNA have been burned because of this.
The Mirror Protocol was constructed by Terraform Labs and exists on the Terra blockchain. Mirror Protocol makes it doable to mint tokens that mirror the costs of shares and different property.
This lets anybody with an web connection get publicity to the worth motion of shares like Amazon, Tesla, and even Gamestop.
These artificial tokens are referred to as “mAssets” and minting them requires depositing Terra’s UST stablecoin as collateral. mAssets exist on different blockchains as properly, notably the Binance Good Chain.
In June 2020, Terra introduced it had partnered with Cosmos, Solana, and the Web3 Basis which develops Polkadot and Kusama to create a protocol referred to as Anchor.
Anchor will present steady rates of interest on deposited cryptocurrency by staking them on numerous proof of stake blockchains behind the scenes.
Alice Finance is a mysterious crypto app that has but to be formally introduced. It seems to combine Terra’s funds community, artificial property (by way of Mirror Protocol) and Anchor financial savings protocol right into a single, person pleasant product. Different giant cryptocurrency initiatives akin to Aave look like concerned as properly.
📜 Disclaimer 📜
The knowledge contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who is just not a licensed monetary advisor or registered funding advisor. Buying and selling cryptocurrencies poses appreciable danger of loss. The speaker doesn’t assure any specific consequence.
#Terra #Luna #crypto #stablecoins #Mirror #BSC
Source: Coin Bureau
As always, watch the comment scammers!! What do you guys think of Terra? Should I do a separate vid on the Mirror Protocol? Also, if you want to get some of the content that you are not getting here, be sure to jump into my social channels 👉 https://guy.coinbureau.com/socials/
Just coming back here to thank Guy for this video which was where I first heard of Luna. It's now my biggest bag and I couldn't be more bullish!
Thank you 😊
It's irritating that most alt projects with the greatest upside are often have large vesting that the VC dump on public investors. Turns out Guy was right to be worried how Terra was hiding the vesting. I can only speculate this is the reason Luna sold more than most alt coins in the May correction. It now July and it's up while other alts aren't.
If only UST was sold on more exchanges. Poloniex has it but their market volume is minimal. And when finally succeeded in filling a few percent of my order, I could not sell it to my Terra Station wallet anyway so I had to exchange it back and transfer elsewhere. Bitrex has it but you cannot buy it via fiat, you have to go via USDT, which they have as ERC20 so any transfer fees are terribly high. Why is this so complicated? If I buy Luna elsewhere and transfer it to Terra and than change to UST there, I will likely loose money due to price movements during transfer and conversions. Another disappointing crypto idea…
May you please add that "South" before Korea. Please
Terra station displays the APY as ~10-12%. I'm staking for over 3 months now, and my staking rewards are in about 5% APY range. Is that expected?
Guy- any new insights on Luna?
As of today (13/06/21) it's priced at £3.82, which is lower than when this video came out. Be careful, people.
sorry not sorry. 5:13 1ETH is neither $100 nor $75
Why is it so cheap for the last couple weeks? Did something bad happen last month?
Why is Vc sticking to luna bad? Wouldnt that be good as rhey trust the protocol?
My life got much more better when I started stock trade. I’ve Been following crypto for a while now and I’m looking for when to shoot my shot until I came across Mr. Eric. I will remain thankful and keep spreading your good tactics of making profit all over the world.
Luna is $5.6 RIGHT NOW🚀 time to buy the dip
Gracias crypto gentleman 😁😜
Can you make an update about terra ecosystem?
I want to make the price lower but it will break the markets. This is it for now. Get in while things are $1 or less.
heave dip shit, we gonna MOON
Feels like we have been given second chance to jump onto Luna
Sounds like the IELTS guy
Best coin in future.
this will be used world wide with all banks my opinion
Guy update please
Apart from all the valuable content, I really like the way you casually slip in all those rhyming sentences. 😀
I believe the space needs to start using the term "crypto asset" and not the (misnomer) crypto "currency."
Am curious. If UST demand goes to the moon in the future, wouldn’t LUNA be in supply crunch, since its supply is limited? Will there be sufficient LUNA to stabilize UST then?
Words by words,
You speak as if the words are actually urs
Keep it up! It is interesting to know the details.
100% this is gaia
this is gaia
All the info i could find about the GENESIS Token Allocation : Token Allocation and Fundraiser
Terra Core facilitates the creation of many fiat-pegged currencies, facilitated by Luna the staking token. The genesis issuance of Luna is 1 billion, with initial allocations broken down in accordance with the following:
Terraform Labs (10%): Used to facilitate the research & development of the Terra Project. can be found in the accounts/terraform-labs directory.
Employees & Contributor Pool (20%): Used to compensate employees and contributors of the project. Some part of the coins have already been granted, and can be found in the accounts/employees directory. Currently 4.7% of this pool has been granted.
Terra Alliance (20%): The Terra Alliance is key to driving early adoption and usage for Terra. We will be using this pool to set incentives, mainly marketing discount programs (such as coupons for users) and volume incentives for alliance partners. Terraform Labs will be playing custodian for this pool, taking input from the community to best allocate resources from this pool.
Stability Reserves (20%): Bootstrapping stablecoins is no easy feat, with threats to the peg coming from every adversarial angle. Stability reserves will be to manage the network's early stability close to genesis.
In order to finance the development of the Terra Project, Terraform Labs held three token sales:
Pre-seed sale: 10 cents per Luna, sold ~100M tokens. Lockup 12 months, with 30% early liquidity.
Seed-sale: 23 cents per Luna, sold ~100M tokens. Lockup 10 – 18 months, with 30% early liquidity.
Private-sale: 80 cents per Luna, sold ~60M tokens. Lockup 3 months, with 6 months linear vest thereafter.
Several backers have failed to meet the guidelines and/or deadlines to reclaim their tokens, leading significant allocations to not be included in the genesis account generation.
Genesis liquidity (4%): 4% of Luna will be made available to the market close to genesis to allow everyday users to use and interact with it.
SOURCE : Github https://github.com/terra-project/mainnet/blob/master/GENESIS.md#token-allocation-and-fundraiser
As always, great info Guy!
My issue with such projects is they're built on Ethereum. Ethereum isn't future proof imo.
12:30. Binance Smart Chain is not Tendermint-based, but an Ethereum clone. Binance DEX is the tendermint-based blockchain.
How about an update on TRON TRX and WINK WIN
Oh wow. I have just realised these are the guys that Raul Paul chatted to.
Ask for an AMA with Do Kwon it will epic 🙂
I predict $25 as Luna value in may
because Its Tax value 10 billion per day, and I give PER 40 that , it is from Terra station
luna coin to the moon
Groundbreaking DEFI on Luna:
please make a video!
LUNA TO THE MOON
LUNA to the moon!
Stanford graduate who used to work at microsoft? Very nice resume.
you're a poet and you know it, Don't you buddy? keep up the malarkey!