Terra Rebels and its Development to Revive Terra Classic, A Great Entry Opportunity?

An open source blockchain ecosystem that aims to provide an infrastructure for Decentralized Finances applications that we know as DeFi, Terra enables the creation and execution of smart contracts and offers a range of services such as stablecoin issuance, payments, and digital asset exchange, The Terra ecosystem is still under development and has attracted significant attention in the field of decentralized finance due to its innovative approach and the growth of DeFi applications built on the platform.

Since the tragedy involving the crash at Stablecoin of the Terra blockchain and its team Terraforms Lab the cryptocurrencies related to the $USTC and $LUNC project has broken the spirits of many investors who saw a token whose price peaked at exactly $119.18 reach trading below 0.00001 on May 13, 2022 according to information retained on CoinMarketCap, this caused many investors to blame the main developer of the project Do Kwon whose could have applied a coup reaping for himself the fruits that the Blockchain network gave him, the news is not news I'm just reflecting an old situation to show why the current situation of the token $LUNC may be the best scenario for a possible investment.

The first situation is that we have an ecosystem being restructured with the use of an old token which became the Terra Classic differentiating itself from its successor Terra or $LUNA, I was also a bit reluctant to start investing in a token which had already been the target of a major failure in the network with its secondary token $USTC that had the main function as well as $USDC to be paired to the dollar thus balancing its value, after hours of trying to find some official site containing some information about the project I just accumulated frustrations because all the obtained document redirected to the new token $LUNA, but after some good person sent me on the Discord server that they were meeting through the server Terrarium whose a team of volunteer developers are working hard in the ecosystem of Terra to rescue the whole old process, the new developers have as core team the Terra Rebels.

The new governance works with the consensus Proof-of-Stake which encourages the process of Stacking of $LUNC tokens to have a voting power to approve or reject proposals provided within the ecosystem, this is in addition to being able to distribute its power to Validators of blocks in the network through the stacking process as well, the validator then receives a commission on that block by sharing a percentage with its delegators and has greater power in making decisions on the governance of future projects.

I am investing in $LUNC and its ecosystem after analyzing the amount of Volume in Binance brokerage and the proposal of Burning approved by it, that is, the amount of circulating token is being reduced to an interesting amount with each passing cycle, I still believe in the project although I have not invested before due to the fact that when I met it on the platforms it was already overvalued, as mentioned in the first part of this post and I did not want to just ride on top to see my balance depreciating after the correction of Bitcoin, but now I have the opportunity to join while its launch is in early and the integration process is not yet complete, at this very moment I am buying a good amount to leave in stacking to have the benefit of governance votes in addition to retaining an amount of profit through this Holding Period, but I do not recommend using the process in the Binance broker due to the APR being at only 0. 04% utilization, we have another alternative with better benefit through Stack at Terra: Rebels Station with almost zero fees in the transaction process.

Remembering that I am not a Trader or professional investor and all the context introduced in this post serves only as opinions and supposed speculations of investment in the $LUNC token and its ecosystem, all involvement with cryptocurrencies has its risks and benefits however each one should follow his own thinking, in short: Make the investment at your own risk

I don't usually create posts regarding financial matters for this reason, however since the proposed adoption campaign powered by #LeoFinance I am considering creating some posts regarding financial matters and perhaps expand my engagement further on the Hive network, if you don't already know the campaign you can read this official announcement at Zealy Campaign Walkthrough! $10,000 USD + 200,000 HIVE POWER Delegation + Limited Edition NFTs + LP Delegations and More! and register through my referral Join to Zealy

Why won't I invest in $LUNA which is the current native token on Earth instead of betting on $LUNC? Well my idea comes down to what happened with Steem vs Hive, former developers of the network passed to the other community that had an initial idea and did not want to reduce the choice to accept the new redesign that happened to the Steem network, this is what is currently happening with the Terra Classic project that is with former developers of the main project working on the $LUNC token while we can say that the new generation or less supportive developers of the Terra Classic revitalization are still working on the $LUNA token, I believe the large part still moving in the community boils down to old token holders taking advantage of the opportunity to get the Airdrop of the token to former retainers before tragedy struck, and after the shutdown I expect the daily volume as well as the amount in stacking to start to decrease and everyone embraces the Terra Classic idea.

Investing in cryptocurrencies presents several risks and it is important to be aware of them before I make any investment decision, my biggest concerns boils down to high volatility and a possible new flaw since it is being developed in a collective and voluntary way, with this voluntary way we can just have the development stop with no news.

Terra Rebels: Web
Terra Rebels Station: Web / Android
Terrarium : Join to Discord