CovDuk Profile picture
Mar 2 10 tweets 10 min read
📣The next big thing in crypto, the biggest risk in this space, and more.

Here are the top 8 crypto tweets from the past few days. 🧵👇
I post these regularly, follow to keep up!

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More from @Cov_duk

Mar 4
$LUNA is up ~70% in the past month.

#Terra 101( $LUNA) and the bull case for it🐂

Terra is a PoS blockchain that is backed by smart contracts, the native token $LUNA and the stablecoin $UST, with the goal of bringing #crypto to the real world. 🧵👇 (1/26)

#LUNAtics
1. In the words of founder @hyunsung1112 , Terra aims to be a competitor to Alipay on the blockchain.

#Terra is fundamentally creating composable financial infrastructure. It's optimized for usability and Dapps are built with composability and integrability in mind
2. The genius of Terra lies in its #StableCoin, #UST, which is a truly decentralized algorithmic stablecoin, and the native currency, $LUNA.

Currently, $UST is the 4th largest stablecoin by market cap and the largest decentralized stablecoin Image
Read 36 tweets
Mar 3
#Avalanche 1 to 0.

Here is a list of resources (overviews, deep dives and projects) to make you an #AVAX pro
🧵👇

#Crypto #DeFi #web3
Overview of #AVAX:

1. #Avalanche 101 and the bull case for it
by me

2. Why AVAX has the potential to be a huge store of value by @CryptoSeq
medium.com/avalanche-hub/…
3. An overview of the #Avalanche ecosystem by @TheTIEIO
research.thetie.io/avalanche-ecos…

4. 1. Why @crypto_seq is bullish on #AVAX
cryptoseq.medium.com/why-im-so-bull…
Read 16 tweets
Mar 2
1. Avalanche 101 and the bull case for it🐂

#Avalanche is a proof of stake platform (alternative L1) upon which dapps, smart contracts and subnets (custom blockchains) can be created.
🧵👇 (1/24)
2. #Avalanche designed to integrate w existing protocols and chains, while providing the same level of security as #ETH and #Bitcoin
3. Avalanche’s unprecedented consensus system allows for an insane number of transactions per second (4500 tps). Transactions are finalized in under a second. This is INCREDIBLY faster than existing. @CryptoSeq shows the comparison.
Image
Read 25 tweets
Mar 1
📱The official NFT minting guide, Mobile web3, how to get a job in crypto and more.

Here are 7 of the best Web3 tweets and posts in the last few days

#web3 #NFTs #cryptocurrency #ETH
Read 8 tweets
Feb 28
Prediction: $LUNA is gonna moon 🌑
- most #cryptocurrency can't be used as currency cause theyre volatile af and you'd be taxed everytime you used it to pay for something
- stablecoins are pegged to the dollar. Stability makes it useful for payments. 👇
- UST (@terra_money) is a popular stablecoin that's backed by a token called LUNA
- everytime someone wants UST, LUNA is burnt to create UST.
- burning causes scarcity, which makes price 🚀
- as demand for UST goes up, LUNA goes up
- it's the 4th largest stablecoin and is growing fast (13B market cap, ~500M volume)
- there's a savings protocol, anchor, that gives you a 20% yield on LUNA
Read 5 tweets

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