(DApps)
Terra 2.0 features a range of decentralized applications that serve diverse use cases within the ecosystem. These applications include decentralized exchanges Terraswap and Astroport, staking derivative protocol Lido, and lending market Mars. Together, these DApps offer users a diverse range of services and functionalities, underscoring Terra’s commitment to building a comprehensive and versatile platform, including the innovative mint Terra feature.
Each DApp serves a unique purpose within the Terra ecosystem. Here are some examples:
Terraswap: Provides a decentralized exchange protocol for trading assets and offering liquidity.Astroport: Enables users to access multiple pool types and accommodate different token markets.Lido: Offers a decentralized liquid staking protocol, allowing users to stake cryptocurrencies and receive tokenized staking derivatives.Mars: Provides a lending market for users to lend and borrow various forms of value.
These DApps play a crucial role in the Terra ecosystem, offering different functionalities to users.
These DApps showcase the potential of Terra 2.0 to revolutionize the way users interact with digital assets.
Terra's Governance Model
Terra’s governance model mirrors the project’s dedication to administering the organization in an equitable and transparent fashion. Through this model, participants within the Terra network can effect change in the protocol by voting on proposals, such as burning tokens or making other major decisions. Terra’s decentralized governance structure, known as Holacracy, further emphasizes the importance of community involvement and participation in decision-making processes.
The governance token, Luna, plays a central role in Terra’s governance model, granting holders governance rights and voting power for the protocol.
Key features of Luna token:
Grants holders governance rights and voting powerToken holders can delegate their tokens to validatorsValidators act as representatives and have more influence in the governance process based on the amount of tokens delegatedDemocratic decision-making process ensures the community’s voice is heardTerra's ecosystem remains adaptive and responsive to the needs of its users. $LUNC $LUNA $BTC #TopCoinsJune2024 #Binance200M #altcoins

Key Players Behind Terra
The development and growth of the Terra ecosystem can be attributed to the vision and hard work of its creators, Do Kwon and Daniel Shin, who have been instrumental in developing Terra. Alongside them, key personnel such as:
Chris AmaniJason StallingsStephen GeeGreg Junge
have been integral to the development efforts of Terraform Labs, the company behind Terra.
The Terra project has attracted backing from a varied array of investors, including:
Terraform LabsChironPantera CapitalHack VCCMCC GlobalAccomplice BlockchainArrington XRP CapitalBlockTower CapitalCoinFundDeFi
These investors play a crucial role in the success and growth of the Terra ecosystem, providing both financial backing and strategic guidance to help Terra achieve its ambitious goals. $BTC $LUNC #altcoins #Metaverse #Binance200M

What is Terra Luna?
At its core, the Terra Luna Ecosystem is an open-source blockchain payment platform that provides users with the capability to:
Use stablecoins that are pegged to fiat currencies, offering price stability and faster settlement timesStreamline global payment systemsFoster the widespread adoption of blockchain technology
The brainchild of Do Kwon and Daniel Shin, Terra was developed with the objective of achieving these goals.
The Terra ecosystem encompasses a variety of components, including the Terra blockchain, the native Luna token, and an array of stablecoins such as the TerraUSD (UST). Together, these elements form a cohesive network, aiming to provide a stable, efficient, and transparent platform for users to transact with digital assets.
Terra Blockchain
Terra is an open-source blockchain payment platform that facilitates the use of stablecoins pegged to fiat currencies, providing users with efficient price stability and faster settlements. Terra Classic, the original version of the Terra blockchain, utilized fiat-pegged stablecoins to build a price-stable global payments system. The Terra Alliance, an international collective of e-commerce businesses and platforms, was formed to promote the adoption of Terra and advocate for the utilization of blockchain technology.
To maintain the equilibrium of Terra stablecoins, the network incentivizes users to burn Terra and mint Luna. This process increases Terra’s price by reducing its supply and decreasing Luna’s price by increasing its supply. By striking a delicate balance between these forces, the Terra blockchain strives to offer a stable and secure platform for users to transact with digital assets.
Luna Token
Luna, the original Luna token of the Terra ecosystem, has a significant function within the platform. It is employed for governance, mining, and mitigating the price volatility of Terra stablecoins, ensuring a stable and secure environment for users. The luna price is determined by market demand and supply, making it an integral component of the Terra ecosystem.
Luna holders can receive staking rewards by stakingtheir tokens on cryptocurrency exchanges such as Bybit. Also, Luna’s function extends to supporting the UST stablecoin, as it was designed to uphold UST’s price through arbitrage. This mechanism allows for the creation of additional Luna tokens to bolster the price of UST if it declines below $1, and the destruction of Luna tokens if UST increases above $1.
Terra Stablecoins
Terra stablecoins are digital assets designed to track the value of fiat currencies, providing users with a stable store of value. Terra currently offers stablecoins pegged to:
USDKorean WonMongolian TugrikSpecial Drawing Rights basket by September 2021
Further options of fiat currency, including the South Korean won, will be made available in the near future.
To ensure the stability of its stablecoins, Terra employs a combination of token minting and burning, as well as incentivizing arbitrage. Arbitrageurs contribute to the stability of the UST price by selling Luna for UST when the price of UST is below $1 and buying Luna when UST is worth more than $1. Through these mechanisms, Terra aims to maintain a stable and secure environment for users to transact with digital assets.
The Evolution of Terra: From Classic to 2.0
The transition from Terra Classic to Terra 2.0 was marked by a series of unfortunate events, including the unprecedented unstaking of UST and a malicious attack on the Terra ecosystem. These incidents, along with the collapse of UST and LUNA, led to a loss of confidence in the Terra ecosystem and a pressing need for regeneration. In response to these challenges, Do Kwon proposed Terra 2.0, a new iteration of the platform designed to restore trust and confidence in the Terra ecosystem.
Terra 2.0, built on Cosmos, is another proof-of-stake blockchain, serving as a re-engineered version of Terra Classic, excluding the contentious UST stablecoin. This new chain aims to regain the confidence of investors while addressing the issues that plagued its predecessor. With a focus on developing a more secure and robust platform, Terra 2.0 represents a hopeful step forward for the Terra ecosystem.
The Collapse of UST and LUNA
In May 2022, the crypto market experienced a sharp downturn, which had a devastating impact on UST and LUNA. Here are the details:
UST lost its peg to the U.S. dollar.LUNA’s arbitrage mechanism, designed to support UST, failed to maintain the stablecoin’s value.As a result, both tokens spiraled into a collapse.LUNA’s value plummeted from around $84 to $0.00009592.UST’s value decreased from $1 to $0.02.
The collapse of UST and LUNA had a profound impact on investor trust in the Terra ecosystem. Those who had faith in the stability of UST and its peg to the U.S. dollar found themselves questioning the reliability of the token and the Terra protocol as a whole. This loss of confidence not only affected Terra but also made investors more cautious of other stablecoins, such as Tether USDT.
Introducing Terra 2.0
To rescue the Terra ecosystem and regain investor trust, Do Kwon suggested Terra 2.0, a rejuvenation strategy targeted to resolve the problems causing the downfall of UST and LUNA. This new iteration of Terra involves forking the blockchain, creating a new chain with its own data and history separate from the original Terra blockchain. By establishing a distinct platform, Terra 2.0 aims to learn from the mistakes of its predecessors and build a more secure and reliable ecosystem.
Terra 2.0 proposes new governance plans, involving the establishment of a fresh Terra chain and the forking of Terra’s governance coin Luna, leading to community ownership of the chain. These plans involve the distribution of the new Luna token in an effort to incentivize developers, increase user activity, and ultimately revive the Luna ecosystem. With Terra 2.0, the hope is that the platform can regain the trust of its users and continue its mission to revolutionize the world of stablecoins.
The Airdrop and Recovery Efforts
As part of Terra 2.0’s recovery efforts, an airdrop of new LUNA 2.0 tokens was initiated to compensate investors who were impacted by the collapse of UST and LUNA. Thirty percent of the LUNA airdrop was allocated to those who held UST or LUNA prior to May 7, 2022. This distribution aimed to restore trust in the Terra ecosystem and demonstrate the project’s commitment to its investors.
Beyond the airdrop, Terra 2.0’s recovery initiatives included:
Reinstating the dollar peg for USTThe Luna Foundation Guard deployed billions of dollars worth of Bitcoin reserves to maintain the UST pegged to the dollarTerra itself purchased $2 billion worth of UST to reestablish the peg following its collapse
Through these measures, Terra 2.0 sought to rebuild confidence in the ecosystem and pave the way for a brighter future.$LUNA $LUNC #TopCoinsJune2024 #FIT21 #bitcoin #Metaverse

About Terra (LUNA)
The “Terra Luna” Ecosystem was once hailed as an innovative blockchain payment platform designed to revolutionize the world of stablecoins. However, its rise to prominence was met with a tumultuous fall, leaving many wondering what the future holds for this once-promising project. In this blog post, we’ll take a deep dive into Terra Luna, exploring its origins, its evolution, and the challenges it faces in forging a path forward.
Along the way, we’ll examine the inner workings of the “what is Terra Luna” ecosystem, the key players behind its development, the various decentralized applications (DApps) that have emerged, and the governance model that underpins it all. By the end, you’ll have a comprehensive understanding of Terra Luna’s rise and fall, as well as the potential it still holds as it strives to reinvent itself in the face of adversity.
Key Takeaways
The Terra Luna Ecosystem is an open-source blockchain payment platform that uses fiat-pegged stablecoins.The collapse of UST and LUNA in May 2022 prompted a complete overhaul of the platform, introducing Terra 2.0 with its own data and history as well as new governance plans involving LUNA tokens.Key personnel, investors, decentralized applications (DApps), and a democratic governance model have all contributed to the development & growth of the ecosystem. Investing carries risk & requires a thorough assessment before committing funds. $BTC $LUNC $LUNA #ETHETFsApproved #TopCoinsJune2024 #Binance200M #IOprediction

The live price of Cardano is $ 0.461369 per (ADA / USD) with a current market cap of $ 16.47B USD. 24-hour trading volume is $ 318.75M USD. ADA to USD price is updated in real-time. Cardano is +0.83% in the last 24 hours with a circulating supply of 35.71B.
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Former President Trump likes cryptocurrency now — a lot, which is a surprise to anyone who has been following the industry's political fortunes.
Why it matters: The cryptocurrency industry, which may not have that many people but definitely has a lot of money, has never been more politically organized as the U.S. heads into a presidential election.
This contrasts the administration of President Biden, which has been seen as primarily hostile to cryptocurrency so far.However, at the congressional level, there's been a sudden thawing of frosty opinions on crypto. Leaders on both sides of the aisle appear to be following Trump's lead in wooing the industry.
The latest: "Our country must be the leader in the field. There is no second place," Trump wrote on Truth Social this week.
The former president invited holders of his NFT series to his home in Florida, at Mar-a-Lago, where he committed to end the regulatory hostility to the industry if re-elected.Then at the Libertarian national convention, he made promises to free Ross Ulbricht, convicted for creating the Dark Web marketplace, the Silk Road.He also promised he would free Julian Assange, the embattled creator of the website Wikileaks.
By the numbers: In filings last year, Trump disclosed a million dollars in holdings of ether, with a few million more dollars in cryptocurrency income.
Arkham Intelligence, which attempts to link digital addresses to real people, said that a wallet it believed to be Trump's now holds assets worth more than $10 million.The most valuable asset in that wallet is actually holdings of the Trump (MAGA) token, which is up almost 50X this year (not to be confused with the Solana memecoin, TREMP).
Flashback: In July 2019, then-President Trump tweeted that he was no fan of Bitcoin. He said the dollar was the only real currency in the USA.
It went further than that. Late in his presidency, the Financial Crimes Enforcement Network (FinCEN) proposed a regulation that would have required financial firms to collect the identity of any cryptocurrency wallet a user sent funds to (in government parlance, an unhosted wallet).
At the time, then-Treasury SecretarySteven Mnuchin said: "As the President has said, Bitcoin is highly volatile and based on thin air. We are concerned about the speculative nature."
The initiative ultimately went nowhere.
Zoom out: Congress has shown itself as more willing to consider voting on comprehensive cryptocurrency legislation.
The House has sent the Senate one piece of relevant legislation, and a bipartisan duo of Senators has its own package.Politically, the ground has lurchedbeneath purveyors of digital assets.
What we're watching: Whether or not the crypto community donates a lot of its coins to the Trump campaign, now that he is actually accepting such contributions.
And how many other campaigns will also open up to cryptocurrency donations. $BTC $USDC $DODO #TrumpInPump #TrumpCryptoSupport #trumpdoge

One of the most anticipated events between now and the elections in November is the debate between presidential candidates Joe Biden and Donald Trump. The debates, scheduled for June 27 and Sept. 10, are anticipated to provide both candidates with opportunities to clarify their policy stances and appeal to voters ahead of the election. While the primary topics of the debate are expected to include border security, inflation, abortion, health care and others, crypto remains a peripheral but significant issue for some.
Over the past several months, crypto has become an increasingly important and divisive issue for some voters. Some estimates suggest that up to 20% of swing state voters consider crypto a key issue in the election, potentially influencing their voting decisions. This is likely attributed to the numerous regulatory clashes in 2024, particularly involving spot Ethereum ETFs and Binance lawsuits. These have brought major attention to crypto and have caused many to take a side on the issue.
Regarding the debate, crypto is expected to be a topic of discussion. Donald Trump has come out in support of crypto in recent months, speaking at an NFT event and saying, "The Democrats are very much against it [crypto]. And I say this, a lot of people are very much for it ... and I’m fine with it. I want to make sure it’s good and solid ... but I’m good with it. If you like crypto in any form, and it comes in a lot of different forms, you better vote for Trump."
While Biden's administration hasn't adopted as firm a stance on crypto as Trump’s, it has taken actions against it. These actions have angered some in the crypto community and pleased some outsiders. These policy moves have included proposals to significantly increase taxes on Bitcoin mining operations and a veto of the SAB 121 bill, which supports crypto legislation.
Additionally, several large financial firms have contributed hundreds of millions of dollars to a political action committee (PAC) aimed at promoting crypto adoption. This PAC has received over $161 million in donations, surpassing the combined contributions from the airline and health care industries. The PAC is nonpartisan and simply looks to fund candidates who are pro-crypto or are open to hearing more about it.
With this in mind, the debate could potentially include crypto as a topic. If this occurs, it will likely attract significant attention and investment to Bitcoin. Additionally, analysts at Standard Chartered predict that Bitcoin could reach as high as $150,000 in the event of a Trump victory. If Trump expresses positive views on crypto during the debate, the token price may approach Standard Chartered's predicted value. #BTC☀ #BTC500K #btcpizza #btc73k $BTC $USDC $BNB #trumpcoin

The live price of BitTorrent [New] is $ 0.000001 per (BTTC / USD) with a current market cap of $ 998.85M USD. 24-hour trading volume is $ 117.49M USD. BTTC to USD price is updated in real-time. BitTorrent [New] is -4.68% in the last 24 hours with a circulating supply of 968,246.43B.$BTTC $BTC $FDUSD #IOprediction #Binance200M #TopCoinsJune2024 #ETHETFsApproved #FIT21

The live price of Ethereum is $ 3,525.77 per (ETH / USD) with a current market cap of $ 423.60B USD. 24-hour trading volume is $ 15.26B USD. ETH to USD price is updated in real-time. Ethereum is -3.83% in the last 24 hours with a circulating supply of 120.14M. $ETH $USDC $FDUSD #ETH🔥🔥🔥🔥 #etherreum #Metaverse #freeusdtgift

The live price of Shiba Inu is $ 0.000025 per (SHIB / USD) with a current market cap of $ 14.90B USD. 24-hour trading volume is $ 473.82M USD. SHIB to USD price is updated in real-time. Shiba Inu is -2.1% in the last 24 hours with a circulating supply of 589,271.79B.
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