Third, Chai, Terraβs flagship payment app, raised $60 million in a series B round. Investors included SoftBank and others. The money will be used so Chai can scale to new markets and facilitate the adoption of the Chai debit card.
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And Fourth, the launch of wormhole bridge that connects Terra Blockchain Asset's to Solana
A βsignificantβ upgrade to Terra Ecosystem Columbus -5 set to alter supply, staking rewards and exponential growth of $UST resulting in $LUNA numbers go up
In more detail below π
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1) All seigniorage will be burned from minting terra stablecoin
Seigniorage is basically a profit made by protocol, happens when protocol mint $UST burning $LUNA, reducing $LUNA supply (If $UST at $1.05, protocol would burn $1 $LUNA to bring $UST peg to $1 profiting $0.05)
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2) Swap Fees
Will be distributed to $LUNA stakers instead of burning, resulting in a staking yield increase above 10%
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3) Terra Cosmos IBC Activation
Currently, there is no stablecoin pair on the Cosmos network
Terra integrating IBC pairing $UST with other major projects on cosmos network will provide liquidity flow, demand for $UST will heat up, belligerent of $LUNA will burn π₯
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4) Terra planned to Launch Ozone insurance protocol
It will serve to insure DeFi in the Terra ecosystem.
It will be integrated to Anchor at first, bringing safeguard $UST deposit could increase significantly
10/32
The community pool that consists of 72M $LUNA (Most part funded by "seigniorage" burning $LUNA) will be used to bootstrap Ozone which can potentially insure the entire ecosystem.
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5) Over 50+ Protocols lined up to be launched on Terra + Airdrops to $LUNA stakers
6) South Korea, Busan, the second-largest city set to implement #Terra stablecoin for its digital payment system
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#CHAI powered by Terra $LUNA launched in South Korea in 2019.
It currently has over 5M users, already has plans to expand throughout Asia, and it has support from some of the biggest Asia e-commerce platforms.
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Combined, they serve over 45 million customers processing over billion dollars in transection
If you are seeing new highs in transaction volume, that's the reason.
The largest are shown in the image.
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If you are still not convinced just do the numbers minting $26M $UST, 1M $LUNA needed to burn from supply
@dokwon expecting $UST to grow exponentially targeting at least $10B which would burn around 300M $LUNA from a total supply of $400M
Expected $LUNA target: $200-$500
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βͺοΈ Technical Analysis
From a TA standpoint, $LUNA is also looking incredibly well & is showing the right signs you wanna see in a heavily trending market
In the pic below we can see that the 4.5-8.5$ range was used as the largest accumulation, followed by quick expansion
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As #Bitcoin has managed to climb back to 50000$, which is 15K, or 23% short of an old ATH, #LUNA has already managed to break it with a Weekly close above, gaining 750% from its lows.
That Weekly close above is a trend confirmation & super important but more on that later
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Now you may think, that is all great but it's already up too much and "I don't think it has the strength to go up anymore".
WRONG.
And I will show you exactly why. Find out below π
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Most people are familiar with the $AXS incredible run since May's bottom.
However, before it did it has also managed to do a Weekly close above the Old ATH which was also a 980% move.
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At that point, most people also thought that price is already way too high and kept shorting the market, cause "it has to go down".
One of the reasons that it has resulted in more & more upside of another 324%
There is nothing as TOO HIGH in the markets, remember that.
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Back then I was saying this Weekly close is bullish for $AXS and very little believed in it
You are now standing in front of one of the best opportunities of your life
A thread worth thousands was given to you for FREE
How you embrace this opportunity is up to you ποΈ
Please do support @h_bitcoiner by giving him a follow for providing an incredible FA summary
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If you have found this thread helpful, please, do consider sharing it with your friends & families.
It takes quite a huge amount of our free time putting it together and it has the capabilities of changing people's lives for the better, maybe even saving some.
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Wishing you all the best with it & may the fortune stay with us.
And again, follow @h_bitcoiner for insane alpha value & maybe even myself @jackis_trader for more future threads ππ
Good luck & good investing.
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Sidenote, consider visiting FREE @h_bitcoiner telegram server, where a lot of value is posted:
You don't wanna miss this #Bitcoin alpha thread π§΅π
#BTC around 50K is still within a strong value area
Lots of people sidelined, waiting for a bigger correction will miss out
Data from Financial Advisors across the US are suggesting big future upside
1/20
Read belowπ
First of all, I did expect we would get the upside we got from the 40-45K range, but after, I thought we would get a deeper pullback at some point to like 32K or so
I do not think that anymore
Below is the original thread worth your time to read through
No emotional bias, just truth bombs full of data & mainly my own context β
Both bullish & bearish arguments - HTF to LTF
Hit like & Bookmark to keep this plan in the back of your mind
Let's get to it π
1/25
We start HTF, scale in & create the valuable context π
So my thesis has been & is still the same throughout the whole of 2023, that we move above the so important psychological level of March 22 high, sitting at 48K, distribute above & pullback
𧡠Big thread on INTEREST RATES around the Western economies & their future projections & implications on the markets
Everyone's focus is on the FED funds rate but by understanding all of them we get a much clearer picture of where the FED is heading π‘
Let's dive in π
1/22
As you can see from the picture, central banks in Western economies tend to move the interest rates on average in a similar trend
We could even call it a consensus
However, some are frontrunners & some laggards and by comparing them all, we can get a general idea of the trend
Each economy has its own factors & issues that come to play in each country of course, which is the reason why we see some deviations here & there on a lower quarterly or yearly scale. But the general trend stays
So why is it that they all move together on average? π