Yo can someone fucken red pill me on Terra USD right now
Yo can someone fucken red pill me on Terra USD right now
Alexander Sanders
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David James
Dead stablecoin that no longer has any algorithm controlling its price so now it's effectively the biggest, silliest shitcoin
Theoretically with no algorithm this could continue climbing over a dollar.
Nicholas Peterson
Something is definitely going on, it's shooting back up really fast. Just got a small bag, we'll see what happens
David Mitchell
holding ust at the time of snapshot entitles the holder to some nuLUNA. market is basically pricing nuLUNA now through ust and oldluna. oldluna and ust each get separate allocations at genesis, and right now ust is the better deal in terms of $ if you want nuLUNA. so ust went up, for now. theoretically the price ratio will have evened out by the 27th
Liam Price
It's the real dark horse of this whole LUNA saga. Mfs who know know.
Daniel Thomas
Thanks just went all in
Noah Howard
>Just got a small bag,
You mean you bought at the top, user. I made a 2x on UST earlier today. Could've sold at $0.12 but I didn't want to chance it and sold at $0.10. I'd sell now and buy back later since it will probably see another poomp before the snapshot and airdrop tomorrow afternoon.
Samuel Martinez
It's a stablecoin pegged to one US dollar.
Parker Green
Yes but quite low now and ready to soar to 1.20 again
Austin Parker
>buy bag
>set limit sell at $.98
>go to bed
Christopher Reed
UST's only value now is that it entitles the holder to receive Luva v2. After the snapshot and airdrop UST will be worthless.
Gabriel Kelly
wtf? nothing for LUNA holders?
what is the snapshot date for UST holders? I sold at 0.15
Lincoln Scott
Community pool: 30%
Controlled by staked governance
10% earmarked for developers
Pre-attack LUNA holders: 35%
All bonded / unbonding Luna, minus TFL at “Pre-attack” snapshot; staking derivatives included
For wallets with < 10k Luna: 30% unlocked at genesis; 70% vested over 2 years with 6mnth cliff
For wallets with < 1M Luna: 1 year cliff, 2 year vesting thereafter
For wallets with > 1M Luna: 1 year cliff, 4 year vesting thereafter
Pre-attack aUST holders: 10%
500K whale cap - covers up to 99.7% of all holders but only 26.72% of aUST
30% unlocked at genesis; 70% vested over 2 years thereafter with 6 month cliff
Post-attack LUNA holders: 10%
Staking derivatives included
30% unlocked at genesis; 70% vested over 2 years thereafter with 6 month cliff
Post-attack UST holders: 15%
30% unlocked at genesis; 70% vested over 2 years thereafter with 6 month cliff
Definitions:
“Pre-attack” snapshot to be taken at at Terra Classic block 7544910 (2022.05.07 22:59:37+08:00)
“Post-attack” snapshot to be taken at Terra Classic block 7790000 (2022.05.27 03:59:51+08:00)
Caleb Gomez
Luna holders also receive Luna v2 but the ratio is less favorable, especially if you bought Luna after the price collapse. I think the snapshot is tomorrow. Not sure of the precise time but twitter should have the details.
Juan Wilson
They're literally burning it.
Proposal passes soon. We got into the wrong coin lads.
James Turner
what is aUST?
looks like it's gonna be a nothingburger
thanks though
David Wood
So they are gonna try to stabilize UST
Ayden Sanders
why is anyone still answering Do Kwan's phone calls? crash and burn a shitcoin once, shame on you, crash a burn a shitcoin twice, shame on me
Elijah Walker
My baboona, sure as the sun rises, night follows day. They are in tow.
Adrian Myers
>>set limit sell at $.98
Yeah good luck with that. Wasted dubs.
Cameron Powell
They are in orbit.