I think one of the most obvious reasons why the lifecycles of alts are so predictable is because founders/creators/devs are rewarded so much early on. Rewards are front loaded vs spread out over time.
Over *four years* ago I was a research analyst at @scalarcapital.
The Terra / $LUNA deal came across our desk and I was assigned to it because I was the DeFi guy. Here's what I had to say about the project.
How did we allow it to end up like this?
@coryswan If Luna has a similar price decline to Fantom or some of these other hard-hit cryptos, the UST peg would be at risk.
If the UST peg becomes at risk, the LFG would be selling bitcoin reserves into an already soft market. That type of event could mark a cycle capitulation.
Time to hit half a million followers milestone! We are giving away $1.5 million worth of NFT once we reach 500k Twitter followers (50 pairs BNBChain Genesis Sneakers):
1⃣ Follow us
2⃣ Retweet
3⃣ Tag 3 friends & comment below
1/
Alright check this out, this is the best way I can help, until the bull resumes.
Stream 2 days a week
Tuesday and Thursday 1pm - 2pm EST
Podcast ama open chat on @getcallin right after those for 30 minutes each and Fridays at 1pm EST for an hour.
Links below 👇
Congrats to the #MAD4MAD winners for CRO MM hodlers!
@Bryanchoy101 - Congrats on your move, ser.
@CoinChallenger6 - No better way to design your office :)
@0xKrillin_cro - You ser, the real MAD tat king.
@Haze_Veritatis - your daughter's drawing is awesome!
Pls DM us. LFGM.
We're serious about making $MAD the default NFT go-to token in the MM Ecosystem with #crofam .
We're delighted to announce that you'll be able to mint MAD CROWS by @cronoscrocrow using $MAD.
This will be the first of a series of partnerships. 🤝
#LFGM
For a limited time, we are bringing back the double Mint activity:
1⃣ Shoe-minting ONLY costs GMT now;
2⃣ Chance to receive a twin has increased 300%.
This activity will start from UTC 2:30 pm today. We will make separate announcement when the activity ends.
☀️ IBC transfer tutorial ☀️
📽️ In this video, we love to share How to transfer $UST from @terra_money to @osmosis by using @keplrwallet & #IBC Transfer.
📍 Via Osmosis Dex & IBC , $UST will be the pioneering interchain stablecoin on Cosmos network🥰
#Lunatics@cosmosibc