…UST is holding its peg flawlessly.
You see, exactly one year ago, the cryptocurrency market was in chaos.
The price of LUNA (now LUNC) was spiraling down towards zero, shedding billions in market capitalisation.
Meanwhile, UST (Terra USD) was facing its own issues, causing a major depegging event that wiped out an estimated $60 billion in investor funds.
Despite the turmoil, Do Kwon, the co-founder and CEO of Terra, remained focused on the future.
He continued to deploy more capital (Editor’s note: LOLL!!) and work on innovative solutions to bring stability to the crypto market.
And now, one year later, Terra and its ecosystem have come a long way.
Today, Terra is a thriving blockchain ecosystem that supports a range of stablecoins, dApps, and financial services.
Its market cap has rebounded from the depths of the depegging event and its native token LUNC has seen significant growth in value.
Terra is now considered one of the most promising projects in the blockchain space.
As we reflect on the events of one year ago, it's important to remember the lessons we learned.
The crypto market can be volatile and unpredictable, but those who remain focused on the long-term vision can ultimately achieve success.
Do Kwon's unwavering commitment to Terra is a testament to that.
What lessons did you learn from the depegging event?
How do you think we can continue to bring stability and growth to the crypto market?
Share your thoughts in the comments bel…
Okay okay, that’s enough.
We can stop now.
I’m sorry, I just had to publish this piece of AI generated art as is.
I mean look at this masterpiece.
It’s just too good not to.
Lesson 1 for all you copywriters out there using AI to help with your content.
Chat GPT is a fucking n00b that will tell you what you want to hear.
You can get caught out by incorrect, spammy junk like the above.
Or use that to your advantage by feeding it EXACTLY what you want it to say via your prompts.
Best of probabilities to you.
PS. How about this answer:
All good then lads.
Onward and upward haha.
