1/14 Now that everyone and their mother is talking about $LUNA & $MIR my message is
We don't need the money
This is why
👇
We don't need the money
This is why
👇
2/14 Vast majority of crypto assets have insignificant or no adoption at all. The few with the highest adoption are at best very good speculation bets.
3/14 #Ethereum is the King of platforms and today there is no competition even close the liquidity and usage. All this activity is not reflected in $ETH itself and that is why EIP 1559, a proposal to change the economic model is a constant debate.
4/14 Looking at the $ETH example at this point we can conclude the ideal asset needs two important factors
1. Adoption
2. Good value capture
High adoption without a good value capture is not ideal and vice versa
1. Adoption
2. Good value capture
High adoption without a good value capture is not ideal and vice versa
5/14 @terra_money is one of the world's most highly adopted chains with millions of dollars in "real world transactions".
What does this mean and how is this aligned with $LUNA token holders?
What does this mean and how is this aligned with $LUNA token holders?
6/14 Without getting in to technicals.
Every transaction on Terra collects a small fee that is paid out to $LUNA stake holders.
Every transaction on Terra collects a small fee that is paid out to $LUNA stake holders.
7/14 Being a stablecoins protocol with all the relevant currencies all minting will eventually put a hard burn pressure on $LUNA.
8/14 Terra platform is growing like nothing else in the crypto space
High usage = high rewards = high price
High usage = high rewards = high price
9/14 50k-100k users paying through the payment dapp #CHAI without knowing they are using blockchain have set a reward base for early investors (still very early)
10/14 Now with @mirror_protocol $MIR becoming the standard for tokenized stocks and other dapps in the making the reward base is getting higher
11/14 The value capture of $LUNA is perfectly aligned with stake holders
If you buy and stake, you take out $LUNA but also dilute our guaranteed rewards
If you buy and stake, you take out $LUNA but also dilute our guaranteed rewards
12/14The burn happens anyways, with higher usage of dapps there is a:
higher demand for stablecoins--> higher rewards-->higher amount of $LUNA being burned--->higher $LUNA price
higher demand for stablecoins--> higher rewards-->higher amount of $LUNA being burned--->higher $LUNA price
13/14 In bull or bear $LUNA holders are winning
The rewards are non-inflationary paid out in stablecoins
The rewards are non-inflationary paid out in stablecoins
14/14 I hope i could slightly demonstrate how
$LUNA does not need your money
Stake holders are de facto owners of the Terra Protocol
Sharing $LUNA is like chopping parts of your successful business and giving it out to strangers
$LUNA does not need your money
Stake holders are de facto owners of the Terra Protocol
Sharing $LUNA is like chopping parts of your successful business and giving it out to strangers
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