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Terra Tokenomics Causes Market Surge, Bitcoin Reserve Indicated

terra

Recent movements in Terra’s treasury, a financial network that is decentralized, have led to a rise in the asset’s price to an all-time high (ATH). New proposals have been made to strengthen the stability of UST, its stablecoin. Terraform Labs’ Do Kwon suggested that a bitcoin reserve be included to protect UST’s dollar peg.

LUNA Booming

The recent changes in the issuance model of Terra, which were brought by the recent Columbus 5 update, seem to have been successful in fostering the growth of the currency of the network, LUNA. The price of its native asset, LUNA, has grown significantly, reaching ATH levels at $69. 59 yesterday, recording an increase in the price of more than 50% during the last week. The cryptocurrency project made one of its most intriguing decisions: it burned more than $4 billion of LUNA, which was kept in its community pool.

These LUNA tokens were exchanged continuously for UST, the sibling stablecoin, and are now ready to be used for another purpose. This was part of a new issuance model for UST.

New Hybrid Model Hinted

Currently, the UST stablecoin’s value cannot be secured by any other tokens. The peg with the U.S. currency might be lost at times. Do Kwon, Terraform Labs CEO, has suggested that other solutions might be considered due to the limitations of this model and the incentives to keep the token peg in certain situations.

Do Kwon stated in a recent Twitter thread:

I’m tired of arguing on Twitter with idiots about whether UST can stay stable in bear. So soon I will propose creating multi billion dollar reserves in decentralized assets (BTC and others) in an attempt to save myself time.

If this really comes to happen, Terra would become a hybrid project, featuring a reserve that would back the value of the UST stablecoin in bear markets. Kwon also suggested that the UST in the community pool could be used as an insurance policy for the currency, and as a backing mechanism to protect the UST against a de-peg.

Editor’s Note: Since the time of writing, markets have taken a significant downturn on December 4, with terra (LUNA) now down over 17% in the last 24 hours.

What do you think about the recent rise of Terra in the market? Please leave your thoughts in the comments below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or in connection to the content, goods, or services in this article.

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Bitbot’s presale frenzy grows as $1.1M is raised: Can $BITBOT claim a 100x gain?

Bitbot has generated FOMO due to its self-custodial features. The project runs a $100,000 airdrop with $1,000 rewards. $BITBOT carries a 100x potential amid presale frenzy and unique strengths. Crypto trading on Telegram bots gathered phase in 2023. This came after the launch of popular tokens such as Banana Gun and Unibot. Both saw unprecedented…


bitbot crypto trading bot website homepage
  • Bitbot has generated FOMO due to its self-custodial features.
  • The project runs a $100,000 airdrop with $1,000 rewards.
  • $BITBOT carries a 100x potential amid presale frenzy and unique strengths.

Crypto trading on Telegram bots gathered phase in 2023. This came after the launch of popular tokens such as Banana Gun and Unibot. Both saw unprecedented gains, cementing the status of Telegram bots as an unstoppable crypto phenomenon. Bitbot launches when this frenzy is still alive while guaranteeing added security advantages. This has created a frenzy for the token, with the presale raising more than $1.16 million through stage 6. Consequently, Bitbot has been labelled a 100x token amid its self-custodial features. Let’s investigate more about this token.

Bitbot generates FOMO: What is its unique value proposition?

The key to Bitbot’s popularity is intense speculation. This is the first Telegram trading bot project offering self-custodial features. But what does this mean?

Trading on Telegram trading bots has been beset with controversy. The exploits of leading projects such as Unibot and Banana Gun showed how less protected investors are. This has been caused by the fact that these projects are custodial. They hold users’ private keys and assets, exposing them to potential losses if their accounts are compromised.

With self-custodial features, Bitbot allows users complete control over their assets. Users control their private keys, meaning no one can steal their assets if the platforms are exploited. This is an advantage to users seeking greater control and peace of mind when trading on Telegram trading bots. 

Owing to the self-custodial features, Bitbot has generated a frenzy that the token could explode when listed. Similar price trends have been recorded in other Telegram trading bots launched earlier. As such, Bitbot’s superior strengths could fuel higher price movements and return more to investors.

In addition to being self-custodial, the project is attractive with its enhanced security mechanisms. The wallet is secured by KnightSafe security protocols for institutional-grade reinforcement. There are other safety enhancements, such as anti-rug features. 

The all-around protections have created an expectation that $BITBOT is a huge potential token. The frenzy is underlined by the rapid presale and token predictions, which are as high as 100x. 

Bitbot: Profitable token with up to $100K airdrops and 50% revenue shares

The number of followers on Bitbot’s socials has grown rapidly, thanks to profitable offers. An example is Twitter, which has over 114,000 followers. The attraction has been due to the profitable opportunities posted on the platforms. The notable one is the $100,000 airdrop that has attracted fans. 

The competition is open to all fans globally. Winners stand a chance to walk away with $1,000 worth of Bitbot tokens from a $100,000 prize pool.

The prelaunch offer is ongoing, with users needing to act on Bitbot to win odds. One just needs to participate in Bitbot, share about the project, subscribe to its mailing list, and more. Winners will be rewarded right before the project kicks off. 

Bitbot is also a source of long-term passive income generation. Token holders get a share of 50% of transaction fee revenue generated from the platform. Aside from enjoying seamless trading through an app, one grows their investment over time. The unique advantage over rivals makes Bitbot a very attractive trading platform. This generates value for the token, unlocking its future potential.

Can $BITBOT rise by 100x?

Telegram trading bots represent the future of trading, and statistics back this up. The sector has witnessed over $13.6 million in cumulative trading volumes. This is an advantage to the Bitbot token, debuting when a market frenzy unfolds. As such, the debut could be met with wild price movements.

Whether $BITBOT can rise 100x is speculative. However, rival tokens, which carry lesser superior features, have risen by approximately similar margins. As such, $BITBOT carries the potential to claim a 100x gain. A robust presale and speculation cement the token’s status as a potential big gainer.

To purchase $BITBOT while on presale, investors can visit the project’s website page.


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