Ultmately Back to the Power of Community
Much have been shared about the recent crash of Luna and it's stablecoin UST across different social media platforms with people presenting different views about it.
We saw the team tried whatever they could to recover from the devastating crash but things didn't look that simple and it didn't work so far.
LFG (Luna Foundation Guard) tweeted a few days ago saying "Per the LFG’s mandate, the LFG will proactively defend the stability of the $UST peg & broader Terra economy, especially under volatility and the uncertainty of macro conditions in legacy markets."
The LFG reserves left on 16 May:
LFG reserves a few days ago:
That's a significant decrease in LFG reserves but things didn't seem to be working for them.
A few hours ago Do Kwon tweeted about Luna airdrops and sharing thoughts on making Terra a fully community-owned chain.
Good that finally, they are realizing the power of community.
The Power of Community
Looking back at the history of cryptocurrency and how it got to where it is right now, we can see how important the role of community was and continues to be. The crypto ecosystem is build on the spirit of the community around it.
Jack Dorsey, a billionaire entrepreneur when was asked why he believes in cryptocurrency, he said it is the Network and Community that according to him is a driving force behind these projects. It's significant to know that the community power is not based on its size but on it's engagement, interaction and harmony.
Community members help in reviewing your products and share their insights about it which could have a good impact on the project itself.
Communities that are engaged are also called as the advocates on different platforms.
Engaging in a community educates one and learn about the things the didn't know about before.
Our community is our strength and identifying the true champions within a community is crucial when it comes to nurturing a healthy relationship with the users who fly your flag the highest.
Good that Do Kwon has turned back to the community and depend on the power of it, whether it's too late or not, only time will tell :)
Posted Using LeoFinance Beta
Nothing surprising that a strong community becomes strong investors / hodlers of their valuable digital assets. I'm happy with the hodlers of HBD as I believe they are real investors of it. NO FUD would be enough to destroy HBD while we are always up for buying it cheap :)
Posted Using LeoFinance Beta
No way. We don't wana fall into any FUD regarding HBD. We should be standing by it in any situation :)
Posted using LeoFinance Mobile
Hive has something that other cryptos don't. It is way easier to engage and get help than anywhere else, especially in such a tight community as Leofinance. Having Khal hosting the AMA's every week and listening/responding to our inputs makes you feel part of the building process.
I just hope we don't lose touch as we grow in numbers.
Posted Using LeoFinance Beta
Yes, you are right.
We can easily reach out to other users in case we wanted some info :)
Posted using LeoFinance Mobile
And, unlike Facebook, it's not just an opportunity to chat, it's much more.
Posted Using LeoFinance Beta
Yep
Posted using LeoFinance Mobile
Yes, personal participation in the construction process opens your eyes to many nuances that a person from the outside may not see.
Posted Using LeoFinance Beta
Congratulations @howzat! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):
Your next target is to reach 700 replies.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out the last post from @hivebuzz:
Support the HiveBuzz project. Vote for our proposal!
So it already became clear which direction Do Kwon chose? As far as I understand, if he reduces the number of coins to a miard, 10% will be given to those who bought coins before the blockchain was turned off. But, I didn’t understand, will it be a new coin that will appear on Binance and an air drop will automatically fall there, or do I need to look for my air drop somewhere on the new blockchain branch? Sorry for the possibly stupid question, but I won't know anything if it doesn't become clear to me)
Posted Using LeoFinance Beta
I hope this will do.
Posted using LeoFinance Mobile
Probably, I should have repeated what I have said many times, my English is bad and the screenshot does not allow me to accurately understand the text, it's like trying to explain to a dolphin the charms of the life of land turtles in the sign language of pugs, who were taught speech by guinea pigs at the institute philosophical ants). Seriously, these short phrases about coordinating airdrop support did not give me an accurate idea of Do Kwon's next steps.
Posted Using LeoFinance Beta
You have Luna?
Posted using LeoFinance Mobile
Yes, there are some that I bought before and after the shutdown of the blockchain. Therefore, there are questions).
Hmm, let's see how they handle this.
Posted using LeoFinance Mobile
I wonder at what level of value he is going to take out this billion coins. What do you think about this? Is there any hope that the price will again fluctuate around $100?
Crypto market is very unpredictable. Anything could happen. I don't know if it may get there but yeah, in order to play safe, invest only that much money which you can afford to lose.
Posted using LeoFinance Mobile
Thanks, I'm doing just that, but, anyway, it's interesting to know opinions about the outcome of events)
Good to have some insight of others as well :)
Posted using LeoFinance Mobile
Yes, and not always such opinions coincide with my interests, lol, but this option can be very useful for making an informed decision. The crypto wind can blow in the wrong direction, and sometimes, I want what is exactly what I don’t need, as the future will show).
Posted Using LeoFinance Beta
:)
Posted using LeoFinance Mobile