When we return next week, we will add some final touches to the metaverse and announce an official release date for all of you to experience the metaverse for yourself.
The alpha version of the #metaverse is complete! ๐๐
The team is going to be present in #NFT NYC to attend the lectures, network, and present our work which we believe will help our success in the value we're bringing to the #CryptoMask community and holders.
@Nate_Rivers Changes to the algorithm based UST may be possible. Things may stabilize when the shorts cash out on LUNA.
Hereโs how the peg works
https://t.co/qCTzNIFYCD
So, when the price falls to, say, $0.99 as it did over the weekend, traders can swoop in to buy at a discount then sell at $1.00 and pocket the difference. Order is theoretically restored as the free market does all the work.
the UST stablecoin is designed to hold 1:1 parity with the U.S. dollar via its algorithmic relationship with Terra's native asset, LUNA. Minting LUNA requires burning UST and vice versaโand arbitrage opportunities are supposed to keep UST as close to $1 as possible.
@jack and @elonmusk arenโt impressed with the Web 3.0 buzzword because itโs a โlimiting verbiageโ to describe infrastructure that isnโt full developed yet.
Blockchain hasnโt fully reached its potential yetโ
@StoneMason_Dev#Web3#Gaming https://t.co/DAgARenkTC