Crypto Academy Week 6 Homework Post for [@besticofinder]

I have attended the lecture of a respected professor @besticofinder, now I am going to write my homework post for week 6.

Terra "Luna"

Source
Research Terra is a stable currency protocol. In addition to seeking the fact that currency prices do not fluctuate, it also establishes the power of a stable payment structure by using multiple tokens in strategy and protocol association (Defi). With the help of tokens (moon) and obtain stable prices. This project is promoting a Korean payment gateway with more than 3 million users (chai) through its main partners. In addition, Terra is also seeking long-term partnerships with e-commerce and popular platforms around the world to conduct transactions between merchants and end consumers.

The volatility of cryptocurrencies is sometimes exaggerated. This is the main problem that terra wants to solve. This is no secret to anyone. They believe that such price fluctuations make many people not choose to use cryptocurrencies, which is why they want to solve this problem. By solving this problem, they hope that cryptocurrencies will eventually be accepted in several World Banks, and hope that they will be popularized on a global scale. They also hope that this currency can be used as a virtual currency central bank, although it sounds Some are concentrated and not corresponding. natural. If there is no popularization of virtual currency, then it will be a good strategy to popularize virtual currency to the world. This analysis led them to believe that few people in the world want to pay in a currency whose price changes drastically. Within one day, it may have an acceptable value, and the next day your capital loss will exceed 20% despite the currency’s The degree of stability is not enough, but it is clear that if merchants do not use currency, their currency is doomed to fail, so they have the idea of acting as a central bank.

Founding team

Who is the founder of Terra?
Terra was founded in January 2018 by Daniel Shin and Dow Cowan. Both parties believe that the project is a way to promote the rapid adoption of blockchain technology and cryptocurrency, with a focus on cost stability and savings. Mr. Guan became the CEO of TerraPharm Labs, the company behind Terra.

Before Tenra was developed, he co-founded the startup incubator Fast Track Asia, a mature company, followed by Co-Monster (also known as TMN), Shin Korea's main e-commerce platform. .

Quan previously founded Nofi and served as the company's CEO, a startup company that provides ventilated wireless mesh network solutions. He has also served as a software engineer for Microsoft and Apple.

Luna Main Token.

It is its main token, and it is all the security and data required for its operation. It works under the Pos consensus and provides rewards for LUNA Staking, even if they want to create stable tokens, strangely, those investments The volatility of Luna Coin will easily occur on the moon.

Luna Phase

Source

Unbonded:

In this state, just like any ordinary token, the moon token can be freely traded without restriction.

Linked:

In this case, the token will be used for PoS and continue to generate rewards for delegators and validators. Since the main features and tokens are blocked, it is possible to prevent them from being freely traded during the unbound phase.

Unlinked:

After 21 days, the total cancellation link is completed, and no rewards of any kind are generated at this time, and as if in a restricted state, tokens can be freely traded after this period of time. After completing this unlinking, all unbound tokens will return to the "unbound" status, at which point you can trade with them again.

Price stability and how to do it

The simplest explanation is that it uses a specially created algorithm to stabilize prices in order to maintain its supply according to fluctuations in demand. This means that in the hypothetical increase in demand, the function of the algorithm is to increase the number of transactions. Of course, in order to make the price increase the easiest to stabilize, according to their speech documents, it will produce a balanced reaction force and ensure that the price fluctuates smoothly. Due to the high transaction price, he will not be allowed to do so, because there will be as many prepared orders as possible. Otherwise, the decline in demand will result in fewer transactions, and prices will definitely fall.

Why invest in this currency?

If he implements his philosophy and does not turn a blind eye to centralism, even if his symbolic value has risen by more than 66% in recent weeks, I would still approve of this stable currency. Will see a bright future. Believe. When you find the midpoint, use it extensively. This is why I think there is now an investment rather than an increase in this currency. I think they are looking for a middle ground between BTC and other currencies, of course, this is the middle ground. The price was high because BTC was about 56,000 at the time. I will personally purchase some D-Terr​​a (Luna) tokens. Because I think the fair value of this currency may exceed $100.

Thank you for Appreciating me.

@steemcurator01
@steemcurator02
@besticofinder