π² Insider Information in my Socials π
π Get The Hottest Crypto Offers π
π “Ethereum Evolution” Shirt π
π₯ TOP Crypto TIPS In My Publication π
~~~~~
πΊImportant MoviesπΊ
How Terra Works π
Most Funded Cryptocurrency Tasks π
Prime Crypto Picks For 2021 (Up to date) π
Cryptocurrency Tokenomics π
Cosmos IBC Defined π
Crypto Market In September π
~~~~~
– TIMESTAMPS –
0:00 Intro
2:28 Terra Recap
6:08 Terra Venture Updates
9:34 LUNA Value Evaluation
12:27 Terraβs Columbus 5 Improve
15:35 Terraform Labs vs. Regulators
18:07 May it Turn out to be Cryptoβs Stablecoin?
21:07 Outro
~~~~~
βοΈ π Helpful Hyperlinks π βοΈ
βΊ Terra Raises 150 Million From VCs:
βΊ Terra Ozone Insurance coverage Defined:
βΊ Terra Explorer By Flipside Crypto:
βΊ Terra Columbus 5 Improve Defined:
βΊ Thai SEC Warns Terraform Labs:
~~~~~
π¨βπ«Terra Recapπ¨βπ«
Terra was constructed by Terraform Labs, a software program growth firm primarily based in South Korea which was incubated by a conglomerate of South Korean eCommerce firms often called the Terra Alliance
Terraform Labs raised round 33 million {dollars} throughout varied funding rounds in 2018, and the Terra essential web went reside in April 2019
In a sentence, Terra is an ecosystem of decentralized stablecoin tokens that are collateralized by the LUNA coin, and the primary Terra stablecoin was the KRW token for the Korean Gained
π°Terra Venture Updatesπ°
The Terra dApp that individuals are actually itching for nevertheless is Ozone, a decentralized DeFi insurance coverage protocol which was first detailed by Terra co-founder Do Kwon in Might on Terraβs governance
With out getting too technical, Ozone will use a portion of neighborhood treasury funds to insure the UST incomes curiosity on the Anchor protocol.
Over a dozen of them banded collectively in June to create a 150-million-dollar ecosystem fund to kickstart much more Terra initiatives
The listing included among the greatest names in crypto together with Pantera Capital, Arrington XRP Capital, BlockTower Capital, and even Galaxy Digital
πLUNA Value Evaluationπ
All these bulletins and developments have had a predictable impact on LUNA which lately rallied well beyond its earlier all time excessive
This impact essentially boils all the way down to the elevated demand for LUNA to mint UST, whose market cap has additionally grown exponentially over the previous few months
Most of this demand for UST has come from Terraβs DeFi protocols, and these have about 7 billion {dollars} in whole worth locked between them on the time of taking pictures
πTerra Columbus 5 Improveπ
Columbus 5 is slated to be probably the most important improve Terra has seen since its essential web launched, and it’ll introduce 3 new options to the Terra blockchain
The primary is the burning of all seigniorage charges. Seigniorage is simply the flowery time period used to explain the small charge for burning LUNA to mint UST.
The second characteristic Columbus 5 will deliver to Terra is interoperability with Cosmosβ Inter Blockchain Communication Protocol or IBC
The third characteristic Columbus 5 will deliver to Terra is Ozone, the decentralized insurance coverage protocol I defined earlier
βTerraform Labs vs. Regulatorsβ
As you may need guessed, Terraβs standing as a stablecoin issuing protocol has put it on the hit listing of regulators around the globe.
Apparently, Do isnβt all that fearful about US regulators as a result of Terraform Labs is predicated in South Korea
If the US SEC does come knocking although, Do plans on dissolving the corporate and going utterly decentralized.
π€May UST Turn out to be Cryptoβs Stablecoin?π€
So far as I can see, the largest barrier to Terraβs UST turning into cryptoβs decentralized stablecoin is liquidity AKA trade help
Even when Terra turns into absolutely decentralized, centralized exchanges is not going to hesitate to delist LUNA or UST in the event that theyβre pressured to take action, and that may trigger all types of points for UST and Terraβs ecosystem
~~~~~
π Disclaimer π
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 #UST #crypto #stablecoin #blockchain
Source: Coin Bureau
41 Responses
Couple clarifications for Terra. Didn't see UST is on Solana as it's not noted on SolanaBeach.io. Didn't know that wrapped LUNA is tracked separately. It is trading on Coinbase but doesn't change my point about security status. Will note this in my next Terra vid!
Don't forget that you can follow me on my other social accounts for the content that you are not getting here π https://guy.coinbureau.com/socials/. You also would want to check out my clips channel for behind the scenes bits: https://www.youtube.com/channel/UCR93yACeNzxMSk6Y1cHM2pw
Gemini just listed LUNA
So true
Luna is on gemini now… ?????? but Guy said it wasnt
You are the Guru Of Crypto Guys
did you just say bull market will top by mid/end of september ?
Totally confused now. But thanks for turning me onto Algo.
I need a egld video !
LUNA is listed on Binance.
2-3 years over $200. Great project! Buy and hold
KAVA should integrate ibc and TERRA so they can do a USDX/UST pairing in KAVASwap and it would add another use case as well as a way to help usdx keep it's peg.
i like your shirt lol
Expecting LUNA to hit the road soon.. I am buying
YEEEEEES LUUUUNAAAAA!
How do I buy terra ust stable coin?
could moon yes, could fall to hell, yes. Huge dump coming to all crypto
Best crypto channel! How can we buy Luna in US?
Amazing project!
As always, great content. Keep it coming.
Man, I just found you, thank God you exist, like the yeti, he does exist
I would switch to a EUR-Stablecoin ASAP.
It already π ed
β€ it
Matic the new eth!!
Now I get it, thank you.
Hi
Luna can go 250$ in the next 6 months. This is no shilling. It really can.
Terra LUNA is on Gemini for US Citizens.
Fuck the sec! There only in America they think they run the world!
Who cares about America? The world is bigger than 1 country, decentrized exchanges with a debit card is all we need! Plus dont have too pay tax either! Fuck the elite and the government and the sec
That terra recap was super helpful. I've been trying to figure out how the system works, and this is the first thing that's actually made sense.
ao whats the safest stable coin to cash out into ? seems they all land mines !
shut the governments down!
PHUK CENTRALIZED EXCHANGES!! THORCHAIN BABYY!!!!!!!!!!!
Gemini has Luna listed
Cool. But almost certainly will all be ancient history in a few years… just like EOS, Augur, Namecoin, NEO, Veritaseum, Bcash, Lisk, Golem, Nxt blah blah etc etc… founders will be sold out and long gone, but in meantime loads of money to be made!
Looks like Gemeni listed LUNA in US the day after this video was published.
Guy, I just wanted to say that out of all the channels I watch for Crypto info, I have made more money than I imagined ever making in Cypto by studying projects that you have talked in depth about before they went parabolic. There are some that you can tell are just backed well and have good tokenomics so Thank you for your efforts. Cheers!
50% to centralized team NO WAY
Thank you so much for your fantastic videos! You're amazing!
Regulators reigning in ROGUE crypto stablecoins. I thing you meant to say as ROGUE regulators try to reign in stablecoins.