1./ #Terra outperformed the whole market the past days, yet there is still a thing missing: #Games. But no worries, we don't have to wait long anymore.
2./ @TerraFloki is building a play-to-earn game, I'm bullish and I think it's time to tell something about it.
So, the FlokiVerse! What? FlokiVerse? Yes, the FlokiVerse. That's what the gaming environment of @TerraFloki is called.
3./ You can enter it by having a @TerraFloki NFT in your wallet. Every time you want to enter the Flokiverse you'll be asked to connect with your wallet and once you have a NFT in it, you can enter.
In the Flokiverse, your avatar looks exactly the same as your NFT!
4./ In the #Flokiverse, you'll be able to play mini-games, converse with one another and explore the world. And I've been told is going to be HUGE!
5./ And you know what I think is most exciting? By playing you can earn $fGOLD which has real value so you can trade it against other assets! Real play-to-earn! πΈπ²
6./ The game map will be divided in parts which will be owned and managed by landlords. The landlord can decide how he will earn money with it, who has access and which events will be held on the land. This is also a way to earn $fGOLD πͺπͺ
7./ As an extra, it also looks like you're going to be able to choose if you want experience the game in 2D, 3D or VR π€―π
A lot still has to be announced, but since they're one of the first bringing gaming to #Terra I'm extremely bullish.
1./ The reason I fell in love with $LUNA is because of its magnificent value capture. Although $LUNA will always be my number one, $RUNE is definitely a token with a great value capture too.
What is @THORChain, what is $RUNE and why does it have potential?
2./ @THORChain is a cross-chain liquidity protocol. The DEX built on #Thorchain is @THORSwap. #THORswap allows users to directly swap native assets on different blockchains with only one click. So no wrapped or pegged assets. Why is this important?
3./ Usually if you want to convert $BTC to $ETH you have to exchange your $BTC to $xBTC (the ERC-20 standard) and than to $ETH. Two transactions, so two times transaction fees.
Let me explain to you why they use it, how it works and how you can be prepared for their token launch. π§΅
2./ We have seen quite a few token launches on the Terra network now and unfortunately, many of them were not perfect. Two major problems have been noticed by @WhiteWhaleTerra:
3./ The first one is too low liquidity which causes a huge price pump at the launch. Nice for the insiders but if you want to have a satisfied community this is not the way to go. The second problem is bots sniping all the liquidity which causes the same issue.
2./ $LUNAx is basically a liquid version of your staked $LUNA. Once you stake your $LUNA, $LUNAx can be minted. So your $LUNA is now staked and you have a new token in your wallet, $LUNAx. Sounds familiar? It's almost the same as the $UST - $aUST mechanism.
3./ Because your $LUNA is staked, you will still receive every #airdrop. $VKR, $MIR, $ANC, $MINE and so on. Not one of them you'll mis.
1./ Which one should I choose? Which metric is most important? What do I have to do with all those small rewards?
Familiar questions? You better go check @staderlabs! If you stake your $LUNA at @staderlabs you never have to worry about these questions anymore!
2./ At the moment their community farming event is live which means your rewards are being converted to $SD tokens at almost the same price that private investors have bought the token for. So; no regular staking rewards but cheap $SD tokens for the time being.
3./ In my opinion participating is a no brainer since I can't imagine that the $SD token will be trading for anything close to these prices.
Note: you're not receiving the regular rewards but you do receive your #airdrops!
As promised, a thread about $zAPOLLO. What is it? Why is important? π§΅
2./ Like with many protocols, staking a token gives you governance rights. @ApolloDAO will give the same rights to people who stake their $APOLLO LP tokens. So where comes $zAPOLLO into play?
3./ @ApolloDAO will utilise a similar tokenomics model as @CurveFinance where people can stake and lock their tokens in order to get rewards and governance rights.
Liquidity incentives can't last forever and @ApolloDAO is aware of that. Where many protocols face the problem of how to keep incentivising LP providers when all the tokens are distributed, the Apollo team has already solved this before TGE
3./ The #warchest is the solution for this, but what is it?
The community farming event was used to boost the value in the #Warchest. Users were able to deposit mAssets LP tokens, as well as other #Terra governance token LP pairs.