1/ A thread why I like @terra_money and why it fits the current market conditions. In 2017 most of the coins pumped on news and hype but there were not actual products. After 2017 products were created with false tokenomics which leave investors liable for legal repercussions.
2/ Meaning that those products don't survive when governments or instances force legal actions. In the current cycle it's much more about working products which can contribute in the "real world". The #chai app is a perfect example.
3/ The #CHAI app has real world utility by handling payments via the blockchain which brings real world benefits to the seller and buyer. Benefits outside of crypto is crucial. In 2017 metrics such as transactions per second were measured and "critical" for investment decisions.
4/ The "new" people flowing in todays market can still be enticed with TPS stats, empty partnerships or nearly criminal tokenomics (ponzi). But if you want to stand out as an investor you need to have a low time preference. Meaning that you look past the current hype.
5/ You want to invest in a product with a longer time horizon which will bring you inflows of money during bull and bear markets. Great tokenomics and stable delivery make sure this happens. In this case $LUNA stands out, $LUNA stakers earn transaction fees from the #CHAI app.
6/ The #CHAI app doesn't correlate with crypto bull/ bear markets because the stable coins are used outside crypto. The increasing use of stable coins ( $UST ) flows back to the $LUNA token. It's supply and demand, more demand for $UST decreases supply of $LUNA.
7/ Let's be real, the average real world user doesn't care at all about which chain, the level of decentralization or governance is behind the payment app. It needs to work and deliver real world value. @anchor_protocol will give #CHAI users a 20% stable return on their savings.
8/ Banks can't compete with this and this means they adopt or get blasted past by innovation. @terra_money is building many products to increase the demand for their stable coins. Look at which project can help your family or friends in their current lives as an indicator.
9/ Those projects will survive and thrive in the coming years. Don't get sucked into random images with TPS, partnerships and ecosystems but look at the real value it generates for you as a token holder / investor. My suggestion is $LUNA and $ANC but that's for you to decide.
10/ Concluded it comes down to the age old question, what's in it for me? This question is asked in the real world for every product but not in crypto. And suggesting the price goes up is not enough of an argument. Why would it go up? What drives the price?
/11 This is why it seems that some people are bashing $ADA. But they are still on the 2017 narrative of announcements and news without a full product which compares to their current valuation. This doesn't mean they won't deliver but there is risk here that it was "empty news".
/12 Try and surround yourself with people smarter than yourself. Scan trough their alpha and DYOR. Look at accounts like @NicolasFlamelX @QuintenFrancois @Ape_Only @ConstanteMx @TerraBitesPod @MennoPP @EmperorBTC. Hope this helps! #cryptocurrency #Crypto
• • •
Missing some Tweet in this thread? You can try to
force a refresh
