What makes $LUNA so special compared to other crypto?

Well, it's time for another mega-thread, so sit back, relax and enjoy the ride.

(cc. $SOL, $DOGE, $THETA, $VRA, $VET, $ADA: let's get our stablecoins in your blockchains ;))

🧵👇
By now, you've probably heard of $USDT, $USDC, $DAI and other stablecoins.

And, did you know they can be censored?

Yep.

They can.

And they will.

coindesk.com/circle-confirm…
But @terra_money's coins don't depend on a single entity.

Anyone can propose to have their currency listed (it happened recently when @capapult submitted a proposal to have the Swedish Krona in Terra: $SEK)

Now, the big difference lies in how these stablecoins are created.
For every X quantity of the coin you want to mint, you need it's equivalent value in $LUNA.

So, let's say $LUNA is at 7 dollars, and you want to mint 7 $UST, well, you'll require 1 LUNA for that.

This means that $LUNA acts a stabilizer for all these stablecoins.
If they get depegged, $LUNA will be minted or burned in order to keep the peg (depending on the supply and demand).

So far so good?

Good.

How does Terra avoids the destiny of the other algorithmic stablecoins?

Easy:

Building.

Building new protocols.
See, Terra's bet is on developers and on creating an ecosystem around the usage of these stablecoins.

For example, @mirror_protocol is a synthetic stock exchange that runs 24/7.

It's decentralized.

It uses $UST in order to trade synthetic stocks.
Or @anchor_protocol, which serves as a savings protocol that provides 18-20% yield on your $UST.

Or you have CHAI app, which uses $KRT in the background to achieve fast transactions in Korea.

All of this is done without the user even knowing he is using crypto.
Now that you've understand a little bit more of what's going on with their stablecoins, let's see how it benefits YOU.

Let's talk about staking.

When you stake your $LUNA on the Terra Station app, you get paid in rewards.

Now, remember all that talk about the stablecoins?
Well, imagine that you owned VISA/Mastercard.

And I don't mean owning a stock, but like, really OWNING the company.

Like, getting paid for the transactions that happens in the network.

You know what I mean?

Well, that's what happens with Terra.
So if somebody is using their CHAI app in Korea to pay for something (mind you, there's 100,000+ transactions daily), you get paid.

If someone is using Anchor or Mirror, you get paid.

If someone trades using TerraSwap, you get paid.

Nice, isn't it?
Btw, you also get airdrops.

At the moment, you get 2 airdrops every week.

1 for $MIR
1 for $ANC

Yep, just for staking.

And there's over 16 airdrops coming up in the upcoming months.

You do the math.
But this is just the beginning.

We're starting to hear from projects such as @YottaSavings who has a lot of normies using crypto behind the scenes.

You have @alice_finance which will open the floodgates in the USA.
Now, $LUNA at this point is severely undervalued.

Don't believe me? Let's see the Total Value Locked in each blockchain:

1. Ethereum
2. Polygon
3. BSC
4. Terra
5. Solana

Remember that I've just told you that we only have 2 protocols?

What'll happen when the next ones arrive?
You can imagine what will happen.

And so does @ZeMariaMacedo from @Delphi_Digital (you do know that they have some of the brightest minds in crypto, right?)

Well, he's very bullish on $LUNA.

Why?

Risk/Reward Ratio my friend.

I could go on, talk about @d0h0k1's background, Daniel Shin's connections, @novogratz, @arrington, @Delphi_Digital, @vladtenev, @naval, and many other titans of the industry backing $LUNA.

But man, this thread is starting to become veeeery long.

Summary:

$LUNA is undervalued.
Disclaimer: No financial advice. I'm just an ape.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Esteban Constante (Midas👑) 🌖

Esteban Constante (Midas👑) 🌖 Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @ConstanteMx

13 May
These are my reasons to be bullish on $LUNA:

🧵👇
1. It burns to mint $UST. So the supply goes down, this puts pressure in the price action (in the long term).

2. It's faster than $ETH, lower tx fees (since you can use stablecoins to pay for them vs. using ETH)
3. It gets value from real world usage (CHAI payments in S. Korea does 150,000+ transactions every day, with millions of dollars)

4. Ecosystem being built around the $UST to allow exchange of synthetic stocks in @mirror_protocol.
Read 9 tweets
12 May
*A hologram appears*

Hello sers @Kris_HK, @bobbybaocrypto and @ericnode!

Imagine that instead of giving up to 14% on stablecoins... you could give 20% fixed APY.

Well, that's what @anchor_protocol does :)

And you're probably asking "who the hell is this guy"

🧵👇
Hi, I'm a #LUNAtic.

One day I found the $LUNA and fell in love with the @terra_money ecosystem that @d0h0k1 and his pals created.

So here I am telling you about it, because soon enough other exchanges will implement Anchor and that will give them a huge advantage.
So, how can we make this happen sers @Kris_HK, @bobbybaocrypto and @ericnode?

Do you need more information?

:)
Read 4 tweets
12 May
*knock knock*

Hi @MobileGeekGirl!

I'm sure @bitwala's customers would love to get a chance of having a fixed 20% APY on their stablecoins.

Have you heard of @anchor_protocol?

It does that.

No other on chain protocol allows this.

It uses @terra_money blockchain.
By the way, Anchor's investors:

Michael Arrington,
Mike Novogratz,
Naval Ravikant,
Delphi Digital,
Pantera Capital

And Terra's investors are CZ (Binance), CoinBase, Sam Bankman (Alameda) and Vlad Tenev (Robinhood)
If you're interested in reading more:

medium.com/qi-capital/rev…
Read 4 tweets
11 May
It's time for another surprise.

Are you ready my $LUNA fam?

Let's talk about @SubsidiumDGTL.

👀

🧵👇 Image
So what's @SubsidiumDGTL?

A set of tools to enable philanthropy using blockchain tech in a secure way.

Basically, it lets you burn "Philanthropical Assets" in order to get an off-chain tax-free receipt in your jurisdiction.

It also uses $UST ;)
But you're probably saying: "yeah man, sounds good, but I'm an ape, am I getting an airdrop?"

And the answer is... yes.

$LUNA stakers will get an airdrop.

"Now we're talking dude!"
Read 5 tweets
2 May
🔥 The Terra Report #1 has arrived:

What happened in the @terra_money ecosystem during April 26th and May 2nd?

$LUNA $UST $ANC $MIR

👇
Man, things got crazy these days.

* From banks getting interested on Terra, to a Mayor paying attention.

* Controversies, upcoming launches, press appearances.

* Don't miss the deep dive into Novogratz mind and thoughts on Terra.

* Tutorials, articles and podcasts.
Anyways, check the whole report here:

notion.so/zeratulfiles/T…
Read 7 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

:(