Note, the Crypto Reports such as this one are a subset of the Market Lab Reports.
LUNA is a stablecoin that achieves price-stability via an elastic money supply, enabled by stable mining incentives. The protocol ensures price-stability by algorithmically expanding and contracting supply. It also uses seigniorage created by its minting operations as transaction stimulus, thereby facilitating adoption. Pegged to the world’s major currencies, Terra aims to be able to support a global payment network. The team believes that a currency that cannot be used at checkout is useless. Terra is partnered with an alliance of eCommerce platforms, collectively pushing $50 billion in annual transaction volume with 50 million users. Terra aims to become a medium of exchange at a massive scale.
Terra has an all star team including CEO Daniel Shin who is a Wharton undergrad with a BS in economics and Do Kwon who is a Forbes 30 under 30 with a BS computer science from Stanford. The company is experiencing explosing growth at 35%/mo. It now has over 1 million users who frequently use LUNA for online purchases ranging from groceries to hotel bookings. Due to easy onboarding and lower fees, merchants have been the first to promote Terra over alternative payment options, e.g. credit cards, thereby facilitating its rapid adoption. Both Cosmos and Polkadot, two top gun technologies, joined Terra In a new DeFi savings project.
Crypto Report - Terra (LUNA)
|Published:||21 Jul 2020 12:49 ET|
Like what you read?
Let us help you make sense of these markets by signing up for our free Market Lab Reports:
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2022 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.