2./ One of the most exciting things is that there is no #KYC needed to participate! However, people from the USA and Russia are excluded by the use of a geoblock.
3./ Because @BrokkrFinance tries to make this launch as fair as possible, there are no restrictions to participate. So you don't have to hold any tokens to be eligible.
4./ The sale starts tomorrow at 2PM UTC and closes on April the 4th at 2PM UTC. So why would it take three days?
It's to make it as fair as possible for everyone.
5./ The price of one $BRO token has not been set. There will be a price discovery method to find a fair price. This is done as follows:
In the first 48 hours, people can commit $UST to the sale. Based on the total $UST committed, a price is calculated.
6./ But... What if you're not comfortable with the price?
In the final 24 hours you have the option to withdraw your $UST. You get your $UST back, but you won't have any $BRO tokens.
So the most important thing to do is to check the price in the final 24 hours.
7./ There is one more thing you should have in mind. After the @thorstarter sale another sale will be conducted on @StarTerra_io. And the price here will be the same as the final price on @thorstarter.
8./ So next to everyone buying at @thorstarter for the same price, there will also be people from @StarTerra_io buying for that price.
And do you think they will sell lower? I don't think so. It's quite possible that the IDO will be the cheapest way to get your $BRO tokens.
9./ The blockchain of use is #Terra so make sure you're able to connect and have $UST in your wallet.
10./ I'm very excited for @BrokkrFinance since it's one of the first projects launching on @THORChain, they have great tokenomics and the tokens are distributed by a fair launch over two communities.
11./ I'm sure the $RUNE price will go much higher coming weeks and once $RUNE goes up, I expect @THORChain projects to follow.
Any questions regarding the IDO? Drop them below!
β’ β’ β’
Missing some Tweet in this thread? You can try to
force a refresh
1./ I'm buying $bLUNA and $bETH without doing anything. The only thing I do is holding $sKUJI!
What is $sKUJI, what is the difference with $KUJI and why is this an amazing feature from @TeamKujira? A thread π§΅π
2./ As we all know @TeamKujira is the liquidation protocol built on #Terra. Once people don't manage their TVL on @anchor_protocol, they might get liquidated and @TeamKujira users can buy these liquidated assets with a discount.
3./ Once you make use of @TeamKujira and your bid on a discounted asset is filled, you'll pay a 0.5% withdrawal fee. So let's say you buy 20 discounted $bLUNA, you'll be paying a fee of 0.1 $bLUNA
1./ $LUNA is one of the best yielding assets. I honestly don't care about the price. I take profit from the yield I make. Not from selling $LUNA. Partially compounding, partially cashing. $LUNA is my life time passive income.
A thread on how to make $LUNA yield π§΅
2./ In the past year many protocols launched on @terra_money. For almost all projects $LUNA and $UST are the most important assets and especially for $LUNA many of them made a derivative. We have $nLUNA, $bLUNA, $LUNAx and so on... I'll try to cover all of them one by one.
3./ First: $bLUNA
$bLUNA was the first $LUNA use case and still is very popular. Bond your $LUNA, receive $bLUNA use it as collateral and borrow $UST. With this $UST you can do whatever you want. All of this is made possible by @anchor_protocol
1./ Recently I participated in the @prism_protocol launch. Although the price is now lower than what Iβve paid, I havenβt thought about selling for a second.
Let me explain why Iβm bullish on $PRISM and why it will probably be a long term hold for me.
2./ As we all know by now, @prism_protocol lets you refract your tokens into a principal and a yield bearing token.
If you want to have the staking rewards you would have had once you had your collateral token staked, for example $LUNA, then you should stake your $yLUNA.
3./ If youβd do this youβll receive the $LUNA staking rewards and you can do whatever you want with your $pLUNA.
But what if you donβt stake your $yLUNA? What happens to the staking rewards?
1./ After yesterday's tweet about $RUNE and $LUNA I saw many people wondering why $RUNE is so special. Because I want every #LUNAtic to jump on the $RUNE train, let's dive into $RUNE and @THORChain π§΅
@THORChain's goal is to make it possible to swap all native assets against each other. For example swapping $ETH from your metamask for $LUNA in your #Terra wallet.
3./ Is this currently not possible? No.
You can send your $ETH to an exchange, sell it, buy $LUNA and send it to your #Terra wallet. But in this process you're dependent on a CEX. So this requires you to have trust in this CEX.
1./ You can now swap $LUNA for $LUNAx and receive MORE $LUNAx!
To make it even better, due to the autocompounding mechanism built by @staderlabs $LUNAx should not be pegged to 1 $LUNA but should become worth more over time π€―
2./ How does this work?
Usually once something autocompounds you receive rewards in new tokens. But this is a taxable event in many countries. And who wants to pay taxes? Right...
3./ So to avoid this issue, @staderlabs invented $LUNAx.
$LUNAx is the liquid version of a staked $LUNA. So you now have a staked $LUNA, a liquid derivative but no rewards to claim. Wait, what? How does this work?