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SEC v. Consensys Software Inc. Court Filing, retrieved on June 28, 2024, is part of HackerNoon’s Legal PDF Series. You can jump to any part in this filing here. This part is 17 of 26. E. LUNA 209. LUNA was a token native to the Terra blockchain, created by Terraform and its founder, Do Kwon. The Terra blockchain was launched in April 2019 along with the creation of one billion LUNA tokens. 210. At all relevant times, Terraform and Kwon retained hundreds of millions of LUNA tokens for themselves. 211. At least one “bridge,” called “Shuttle,” allowed LUNA holders to create “wrapped” versions of LUNA (“wLUNA”). The wLUNA tokens were identical in all material respects to LUNA, except that they could be traded on the Ethereum blockchain, as opposed to the Terra blockchain. 212. From the time of their offerings through at least May 2022, LUNA and wLUNA were offered and sold as investment contracts and therefore securities. 213. Investors tendered fiat currency and/or crypto assets to obtain LUNA and wLUNA. 214. Each unit of LUNA was fungible with and was indistinguishable from any other unit of LUNA. Each unit of wLUNA was fungible with and was indistinguishable from any other unit of wLUNA. LUNA and wLUNA prices were the same, and they were exchangeable with each other on a one-to-one basis. Any holder of wLUNA had the right and ability at any time to exchange the wLUNA for LUNA. 215. Thus, investors in LUNA and wLUNA shared equally in price increases and decreases, such that if one investor profited, all investors did so as well in equal proportion to their total LUNA or wLUNA holdings. 216. LUNA or wLUNA was first made available for trading through MetaMask Swaps in January 2021. 217. The repeated drumbeat of information Terraform publicly disseminated about LUNA or wLUNA and Terraform’s plans to undertake efforts to make those assets more valuable led reasonable investors, including those who purchased LUNA or wLUNA since January 7, 2021, to view LUNA and wLUNA as investments into Terraform’s efforts. Specifically, LUNA and wLUNA holders would reasonably expect to profit from Terraform’s efforts to grow the Terraform blockchain because this growth would in turn increase the demand for, and the value of, LUNA and wLUNA. 218. Terraform and Kwon told investors that Terraform would use proceeds from LUNA sales to fund operations and help build and expand the Terraform ecosystem. For example, in a July 2018 token sale agreement, Terraform represented to potential investors that the funding round was “in furtherance of the establishment and operation of the systems” to be developed by Terraform. 219. In a 2021 public interview, Terraform’s business development lead stated that LUNA “is the ‘equity’ in our co[mpany].” 220. On April 7, 2021, Kwon posted on X, “in the long run, $Luna value is actionable—it grows as the ecosystem grows.” Luna holders could simply “sit back and watch me kick ass.” 221. The Terraform Director of Special Projects similarly stated in a June 2021 video presentation, “[o]wning LUNA is essentially owning a stake in the network and a bet that the value will continue to accrue over time.” 222. In marketing materials, Terraform further touted the professional expertise of its team, claiming that Terraform was “led by serial entrepreneurs” and was a team with “deep relevant expertise.” 223. On December 28, 2023, based on these facts, and others, a federal court in the Southern District of New York found that both LUNA and wLUNA have been offered and sold as investment contracts. SEC v. Terraform Labs Pte. Ltd et al., 23-cv-1346, 2023 WL 8944860 (S.D.N.Y. Dec. 28, 2023). Continue Reading Here. About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings.
This court case retrieved on June 28, 2024, storage.courtlistener.com is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. SEC v. Consensys Software Inc. Court Filing, retrieved on June 28, 2024, is part of HackerNoon’s Legal PDF Series. You can jump to any part in this filing here. This part is 17 of 26. SEC v. Consensys Software Inc. Court Filing, retrieved on June 28, 2024, is part of HackerNoon’s Legal PDF Series . You can jump to any part in this filing here . This part is 17 of 26. HackerNoon’s Legal PDF Series here E. LUNA 209. LUNA was a token native to the Terra blockchain, created by Terraform and its founder, Do Kwon. The Terra blockchain was launched in April 2019 along with the creation of one billion LUNA tokens. 210. At all relevant times, Terraform and Kwon retained hundreds of millions of LUNA tokens for themselves. 211. At least one “bridge,” called “Shuttle,” allowed LUNA holders to create “wrapped” versions of LUNA (“wLUNA”). The wLUNA tokens were identical in all material respects to LUNA, except that they could be traded on the Ethereum blockchain, as opposed to the Terra blockchain. 212. From the time of their offerings through at least May 2022, LUNA and wLUNA were offered and sold as investment contracts and therefore securities. 213. Investors tendered fiat currency and/or crypto assets to obtain LUNA and wLUNA. 214. Each unit of LUNA was fungible with and was indistinguishable from any other unit of LUNA. Each unit of wLUNA was fungible with and was indistinguishable from any other unit of wLUNA. LUNA and wLUNA prices were the same, and they were exchangeable with each other on a one-to-one basis. Any holder of wLUNA had the right and ability at any time to exchange the wLUNA for LUNA. 215. Thus, investors in LUNA and wLUNA shared equally in price increases and decreases, such that if one investor profited, all investors did so as well in equal proportion to their total LUNA or wLUNA holdings. 216. LUNA or wLUNA was first made available for trading through MetaMask Swaps in January 2021. 217. The repeated drumbeat of information Terraform publicly disseminated about LUNA or wLUNA and Terraform’s plans to undertake efforts to make those assets more valuable led reasonable investors, including those who purchased LUNA or wLUNA since January 7, 2021, to view LUNA and wLUNA as investments into Terraform’s efforts. Specifically, LUNA and wLUNA holders would reasonably expect to profit from Terraform’s efforts to grow the Terraform blockchain because this growth would in turn increase the demand for, and the value of, LUNA and wLUNA. 218. Terraform and Kwon told investors that Terraform would use proceeds from LUNA sales to fund operations and help build and expand the Terraform ecosystem. For example, in a July 2018 token sale agreement, Terraform represented to potential investors that the funding round was “in furtherance of the establishment and operation of the systems” to be developed by Terraform. 219. In a 2021 public interview, Terraform’s business development lead stated that LUNA “is the ‘equity’ in our co[mpany].” 220. On April 7, 2021, Kwon posted on X, “in the long run, $Luna value is actionable—it grows as the ecosystem grows.” Luna holders could simply “sit back and watch me kick ass.” 221. The Terraform Director of Special Projects similarly stated in a June 2021 video presentation, “[o]wning LUNA is essentially owning a stake in the network and a bet that the value will continue to accrue over time.” 222. In marketing materials, Terraform further touted the professional expertise of its team, claiming that Terraform was “led by serial entrepreneurs” and was a team with “deep relevant expertise.” 223. On December 28, 2023, based on these facts, and others, a federal court in the Southern District of New York found that both LUNA and wLUNA have been offered and sold as investment contracts. SEC v. Terraform Labs Pte. Ltd et al., 23-cv-1346, 2023 WL 8944860 (S.D.N.Y. Dec. 28, 2023). Continue Reading Here. Continue Reading Here . Here About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case retrieved on June 28, 2024, storage.courtlistener.com is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case retrieved on June 28, 2024, storage.courtlistener.com is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. storage.courtlistener.com

LUNA Tokens' Security Classification Spells Regulatory Challenges for Terra Blockchain

You can jump to any section of y The National Cislunar Science & Technology Strateg here. Objective 4: Implement Cislunar communications and positioning, navigation, and timing capabilities with scalable and interoperable approaches Communications and PNT are the common information infrastructure for all activities in Cislunar space, including in Lunar orbit and on the Lunar surface. The United States government will use scalable, interoperable, and secure approaches for information infrastructure to enable a cooperative and sustainable ecosystem in Cislunar space. The NASA Artemis program, with its near-term mission to return humans to the Moon, provides the foundational elements for this objective. Through the Artemis program, NASA and its international partners will use innovative technologies to explore more of the Lunar surface than ever before, for the benefit of all.[13] The U.S. government, in collaboration with allies, international partners, and private actors, will work to establish the first long-term presence on the Moon. Lessons learned on and around the Moon will be used to take the next giant leap: sending the first humans to Mars. This objective will ensure that the systems and infrastructure deployed for the Artemis program enable a cooperative and sustainable ecosystem in Cislunar space. U.S. Cislunar communications and PNT capabilities, if implemented with scalable and interoperable approaches, can meet requirements for NASA’s Artemis program, foster new commercial space activities and lower barriers to entry, and provide an early technological foundation for advancing responsible and sustainable activities in Cislunar space. To implement this objective, the potential future needs of all stakeholders planning activities in Cislunar space should be considered. The following sub-objectives support this objective: The U.S. government and private actors are planning new Cislunar activities, but there is insufficient information regarding the capabilities needed to support these activities. Beyond network communications and PNT, capabilities of interest include mapping, in-space and Lunar surface transportation, radio frequency spectrum management, in-situ mobility, Lunar surface power generation and storage, use of Lunar resources, search and rescue, and space situational awareness. The United States government will define the needed capabilities, to include consideration of the cybersecurity, scalability, and interoperability of associated systems. The level of needed capability will inform updates to this strategy and subsequent implementation plans. Establish foundational capabilities in a timely fashion to enable a flexible Cislunar architecture. Architectures deployed for Cislunar operations should be designed to anticipate the emergence of innovative and unexpected future user requirements that cannot be predicted at present. Architectures with this kind of flexibility likely require the use of broadly adopted technical standards. The United States will lead in developing capabilities and technical standards that support maximally interoperable and scalable infrastructure, while ensuring cybersecurity, especially for Cislunar communications and PNT. Standards of particular interest include: those for PNT in Cislunar space, radio and optical communications, a Lunar reference frame tied to the celestial and terrestrial reference frames, spacecraft safety and rescue, and orbit message formats and propagation models in Cislunar space. Infrastructure adaptation should include modernization and expansion of numerous sensing, ranging, and timing technologies and techniques to enable integration of new space-based operations with existing infrastructure. Such standards efforts should leverage bottom-up approaches that build upon existing[14] and emerging standards for space systems, including input from non-government experts. U.S. government agencies will leverage and promote the use of interoperable and scalable commercial services in Cislunar space. Ensure that capabilities for U.S. government Cislunar operations are scalable and interoperable with systems operated by private and international actors. Ongoing space activities like planetary defense, space weather research and monitoring, orbital debris mitigation, and spaceand ground-based astronomy could begin to extend coordination to include consideration of new Cislunar development activities. The NSTC Subcommittee on Cislunar Science & Technology can help facilitate new U.S. government collaboration to advance Cislunar space priorities. Coordinate new Cislunar activities with existing in-space operations. [13] Artemis I will fly an uncrewed flight test that will be the first in a series of increasingly complex missions to the Moon in preparation for human missions to Mars. Artemis II will perform a crewed Lunar flyby mission. Many other robotic missions will be conducted to Lunar orbit and the Lunar surface, including an uncrewed human lander demonstration mission. Subsequent Artemis missions will see the first woman and first person of color land on the Moon. This program will be supported by smaller-scale pathfinder missions, such as the Tipping Point Technology Demonstrations and larger programs such as the Lunar Gateway. These missions will include early tests of the establishment of PNT and communications networks. [14] International Deep Space Interoperability Standards, A partnership between International Space Station Agencies This content was initially published on in November 2022. whitehouse.gov This content has been broken-up into bite sized sections each with unique headlines and AI-generated lead images in line with the provisions of Creative Commons 3.0.

Lunar Linkages: U.S. Aims to Forge Interoperable Space Communications

You can jump to any section of y The National Cislunar Science & Technology Strateg here. Objective 2: Expand international S&T cooperation in Cislunar space Achieving a peaceful, sustainable Cislunar ecosystem will require international cooperation. New Cislunar space operations and capabilities should invite expanded international engagement. For example, the Artemis Accords reinforce a practical set of principles to guide space exploration beyond Earth's orbit. A number of international partners are actively contributing enduring Lunar infrastructure to NASA missions, while multiple nations have their own Lunar exploration plans. Existing standards and organizational bodies, including those in the United Nations system of committees and specialized agencies, already impact the use of Cislunar space. The U.S. government will continue to work through these bodies, maintaining and promoting with international partners the availability of resources in Cislunar space for the full range of scientific activities. To advance Lunar science and provide a basis for cooperative growth in Cislunar space, the United States will pursue specific areas in new S&T engagement with other nations, including: Develop and lead on a proposal for an International Lunar Year Science is an international enterprise, and scientists have long demonstrated the ability to work across boundaries for the common good. A United States-led initiative to establish an International Lunar Year (ILY) can build upon the historical examples of past International Polar Years (IPY), the International Geophysical Year (IGY), and the International Space Year (ISY). The ILY can amplify U.S. objectives being achieved with the Artemis Accords by fostering developments such as the coordinated use of Lunar data centers, coordinated Moon-based research (such as Lunar geophysical networks, solar science, and far side radio astronomy), and similar joint “leave behind” capabilities. The ILY can also demonstrate how these activities can be carried out responsibly for the benefit and in the interests of all nations, including developing countries, while enhancing transparency and building confidence and cooperation among Moon-faring entities. Develop technical foundations of best practices for safe Cislunar spaceflight operations With rapidly increasing spaceflight activities in Cislunar space, the U.S. government will lead the development of best practices for safe and predictable operations in Cislunar space and Lunar orbit. In coordination with standard developing organizations, the U.S. government will support the development of best practices related to debris mitigation, minimizing the hazard of Lunar landing ejecta, end-of-life operations, mishap reporting, collision avoidance, astronaut search and rescue, radio frequency interference, and other events associated with the safety of flight. The U.S. government will also ensure Cislunar activities are supported by existing and future communication capabilities that manage spaceflight safety issues or emergencies. The U.S. government’s role in the development and use of standards will be guided by the National Technology Transfer and Advancement Act, OMB Circular A-119, and other Federal laws, regulations, and international agreements. This content was initially published on in November 2022. whitehouse.gov This content has been broken-up into bite sized sections each with unique headlines and AI-generated lead images in line with the provisions of Creative Commons 3.0.

U.S. Proposes International Lunar Year Initiative to Foster Global Cislunar Collaboration

SEC v. Terraform Court Filing, retrieved on February 16, 2023, is part of . You can jump to any part in this filing . This is part 13 of 38. HackerNoon’s Legal PDF Series here B. “Wrapped“ LUNA 59. Some crypto assets, like UST, LUNA, and the MIR tokens on the Terraform blockchain, are issued and transferred on a particular blockchain - meaning that they are represented on that blockchain. Generally speaking, different blockchains are not interoperable with one another. In other words, crypto assets on one blockchain cannot be automatically transferred to another blockchain. 60. To address this limitation, "cross-chain" and "bridge" protocols were created to allow investors to move value across blockchains. One example is the "wrapped" LUNA token (or "wLUNA"). These wLUNA tokens are generally created, or "bridged," from the Terraform blockchain to another blockchain by depositing LUNA in a particular wallet address on the Terraform blockchain, and then having an associated smart contract on different blockchains, such as the Ethereum blockchain, to create wLUNA. 61. Similarly, wLUNA could be bridged back to the Terra blockchain by having wLUNA destroyed, or "burned," by the smart contract on the non-Terraform blockchains and receiving LUNA from the address or smart contract on the Terraform blockchain. In essence, this mechanism created a pool of LUNA on the Terraform blockchain, through which wLUNA owners could convert their holdings back into LUNA. Continue Reading . Here About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case 1:23-cv-01346 retrieved on September 12, 2023, from is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. sec.gov

Wrapped Luna (or wLUNA): Everything You Need to Know About the Crypto Token

SEC v. Terraform Court Filing, retrieved on February 16, 2023, is part of . You can jump to any part in this filing . This is part 12 of 38. HackerNoon’s Legal PDF Series here A. LUNA 3. Reasonable Expectation of Profits From Defendants' Managerial Efforts. 49. Investors in LUNA reasonably expected to profit from Defendants' efforts to develop and support the Terraform ecosystem. 50. Defendants publicly pitched LUNA as an investment that would increase in value with increased usage of the Terraform blockchain that could result from Defendants' continued development and maintenance. Defendants publicly stated that as the Terraform ecosystem grew based on Defendants' efforts, the value of LUNA would go up as well. As Kwon explained in an April 7, 2021 thread on Twitter (referring to LUNA as "moon"): 51. In the same April 7, 2021 thread, Kwon explicitly touted that the value of LUNA could grow as the Terraform "ecosystem" grows, specifically tying that potential growth to his own efforts (which he promised would be successful by touting that he would "kick ass") while investors remained passive (or "s[a]t back") in the enterprise. 52. As one Terraform employee put it in Terraform's publicly-available Telegram messaging application, the "[v]alue of Luna grows as Terra [ecosystem] gets adopted and used." Another Terraform employee noted in an online Ask-Me-Anything interview on Reddit: “[i]n the long-run... Terra's transaction volume will be the main determinant of Luna's value."[3] 53. In marketing materials distributed to potential investors in January 2019, Terraform described purchases of LUNA as "investments" and LUNA buyers as "investors." The same materials noted that "top global exchanges and funds" already had "invested in" Terraform (referring to their purchase of LUNA), and that Terraform had raised $32 million in July 2018 from an "elite group of VCs" referring to venture capital firms. 54. Some of Terraform's offers and sales of LUNA were governed by purchase agreements between Terraform and LUNA investors. These agreements generally entitled buyers to acquire LUNA at a discount to market prices. By selling at a discount to market prices, Defendants incentivized buyers to seek to sell their LUNA into public markets in order to realize a profit. Moreover, for some buyers who purchased LUNA prior to the public launch of the token, Defendants provided in some of the agreements for a gradated token distribution schedule that would control for the flow of LUNA tokens being sold into the market, such that early investors would receive their LUNA continuously over a period of 12-18 months. These provisions controlled the release of LUNA over a longer period of time in smaller quantities, to control for potential negative effects on LUNA's price that could occur with large distributions of LUNA into the market. These provisions reflected the expectations of both Defendants and investors that that these LUNA investors would seek to sell their LUNA into public markets for a profit and sought to protect LUNA's trading price by limiting amounts that could be resold during any given time period. 55. Defendants also engaged in efforts to develop, support, and grow the Terraform ecosystem. Defendants publicly touted these efforts through a variety of forums, including widely accessible online social media platforms, such as accounts with Twitter and Medium, messaging applications with public channels like Telegram, and YouTube. Terraform's stated efforts to grow the Terraform ecosystem included four substantial version upgrades of the Terraform blockchain, adding myriad back-end technical features and front-end user applications, entering into partnerships with collaborators to develop ecosystem features, and otherwise extensively and publicly promoting the Terraform ecosystem. 56. As Defendants engaged in and touted these efforts, the market price of LUNA increased from under a dollar in early 2021 to a high of around $119.18 in April 2022, before it crashed to under a penny in May 2022, as represented by the graph below: 57. Defendants also provided monthly "Community Updates" on publicly available Medium blog posts, which discussed Defendants' coding and development the Terraform ecosystem. Similarly, Terraform employees and Kwon touted their efforts to develop and support the Terraform ecosystem in monthly investor emails that they distributed called "Terraform Labs Investor Update" (later renamed to "Terraform Labs Ecosystem Update"). The recipients of these "Updates" had email addresses that included, for example, an email group investment@terra.money. These emails highlighted Terraform's engineering, coding, and integration of applications to the Terraform ecosystem, among other things. These emails also announced new Terraform hiring for positions "key" to the ecosystem's development. 58. Terraform and Kwon also engaged in other efforts to create LUNA resale opportunities by applying to crypto asset trading platforms to make LUNA available for trading, including submitting questionnaires that provided information about LUNA and Terraform, and then furthered LUNA investors' reasonable expectations of profits by publicly announcing new trading platform listings. [3] Another Terraform employee agreed in an internal communication: "Luna receives value from Terra [stablecoin] as Terra [stablecoin] is transacted. In a way, investing in Luna is a bet that Terra's economy will grow larger over time. Investors buy into Luna, not Terra." Continue Reading . Here About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case 1:23-cv-01346 retrieved on September 13, 2023, from is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. sec.gov

Do Kwon and Terraform Gave Investors A Reasonable Expectation of Profits: How They Talked LUNA Up

Investors Tendered Fiat Currency in Exchange for LUNA 

The environment was filled with sadness and frustration; everyone had tears rolling down from their eyes. The team of ISRO (Indian Space Research Organisation) scientists had failed to make a successful soft 's surface in 2019. The then ISRO chief K Sivaan was seen breaking to tears in a video after the mission failed. landing on the moon India launched its second lunar mission , which consisted of an orbiter named Vikram lander and a rover named Pragyan. The goal of the mission was to study the soil and surface composition of the moon and to discover water in the form of ice (The temperature at the moon drops to -173 degrees Celsius, so water can be usually found in the form of ice) in the south pole region of the moon. Chandrayaan 2 The spacecraft carrying the rover and the orbiter was launched from the second launch pad at Satish Dhawan Space Centre in the state of Andhra Pradesh of India on 22nd July 2019. ISRO was able to put the orbiter in orbit of the moon, but when attempting to make a soft landing on the moon's surface, the Vikram lander crashed on the surface of the moon. According to a failure analysis report by ISRO, it was found that the lander deviated from its intended trajectory and crashed onto the lunar surface while attempting to make a soft land on 6th September 2019. The reason for its deviation was a software glitch mentioned in the report. The mission failed but it was not able to affect the determination and hopes of ISRO's scientists. Though they were sad, they were determined to reach the moon. After the Chandrayaan-2, many countries tried to make a soft landing on the moon including  Japan, the United Arab Emirates (UAE), and Israel. Unfortunately, all these countries failed. The reason for their failure was the unpredictable and harsh conditions the space offers. For ISRO, it was a lot of learning as it can analyze the data from these failed missions and learn by analyzing it. It took the Indian Space Organisation just four years to develop another lander and rover for the Chandrayaan-3. ISRO launched its third lunar mission, Chandrayaan-3 on 14th July, 2023, at 14:35 Hrs. IST from the Second Launch Pad, SDSC-SHAR, Sriharikota. It consisted of the same Vikram lander and Pragyan rover as Chandryaan-2 did. The main objective of the Chandrayaan-3 mission is to land safely on the moon's south pole surface, learn about the moon's topography, soil composition, and craters, and most importantly to discover water on the moon. It was expected that the mission would take around five weeks to land on the moon's surface on 23rd August 2023. The whole months of July and August were tense for ISRO scientists and the workforce. It had been just around three weeks from launch and a new player had arrived to compete with the Indian mission. It was Russia's Luna-25. Russia launched its moon mission on 10th August 2023 at 23:10 UTC from the Vostochny Cosmodrome in Russia's far eastern Amur Region. Chandrayaan-3 Russia had never launched a mission to the moon in the last fifty years. Some people started to think they had launched it to try to defeat India to become the first country to land on the moon's south pole.  Some even criticized the Russian Federation for its decision to launch a space mission at a time when it was engaged in a war with Ukraine which had been going on for a year and a half now. The environment at ISRO's headquarters in the Indian city of Bengaluru was filled with stress and nervousness. The sudden announcement of Russia's Luna-25 launch did not help but increased it. Now, there was a competition between two great nations, two space superpowers, and more importantly two friends. The friendship between India and Russia is such that even if one of the countries fails, it will be happy that its friend was able to complete the mission and it will bring prosperity to humanity. Russia's met an unexpected misfortune. Russian space agency Roscosmos announced that the lander crashed on the moon's surface on 19th August due to a technical glitch. Luna-25 If the Russian lander would not have been crashed, it would have become the first country to reach the moon's surface. Russia has powerful rockets which take much less time to reach the lunar orbit than it does for India. The people of both countries were sad because of Russia's failure. Indians gave their condolences to the Russian citizens and scientists on social media. On the other part of the world, the West was enjoying Russia's defeat and could not get tired of trolling it and making memes. Westerners do not seem to understand that Russia's failure was a failure of humanity. The Russian rover had planned to explore the moon's surface for a year, collecting various kinds of data that would be helpful in the future for establishing bases on the moon. The ISRO was now more careful as the world had hoped for its success. Only four days had left until the day when the Indian space agency would make a landing attempt on the moon's surface. The scientists were dedicated, they worked late at night to make sure every calculation was correctly done and there was not a single chance of a mistake. The day came. It was 23rd August 2023, the day on which the lander would attempt to make a soft land on the southern region of the lunar surface. The lander has found a spot to make soft land. It fired its four engines at the altitude of thirty kilometres putting brakes to the enormous speed it had gained while orbitting the moon. The lander tried to stabilize itself when it reached the altitude of 10 kilometers and in the next few minutes, it landed SUCCESSFULLY on the moon's surface. India became the first country to reach the darker side of the moon. Cheers filled the ISRO headquarters. PM Modi was taking live updates from his assistants and his smile was like none other when his country made history. The scientists who were once sad and crying just four years back now could not control their happiness. The ISRO's Chandrayaan-3 was the perfect ending to the story which ended with sadness in 2019 with the failure of Chandrayaan-2. The future which lies ahead is bright both for India and humanity. Also published here

The Story of Indian Lunar Missions

The Gambler by Fyodor Dostoyevsky, is part of the HackerNoon Books Series. You can jump to any chapter in this book here . Chapter VI Chapter VI Two days have passed since that day of lunacy. What a noise and a fuss and a chattering and an uproar there was! And what a welter of unseemliness and disorder and stupidity and bad manners! And I the cause of it all! Yet part of the scene was also ridiculous—at all events to myself it was so. I am not quite sure what was the matter with me—whether I was merely stupefied or whether I purposely broke loose and ran amok. At times my mind seems all confused; while at other times I seem almost to be back in my childhood, at the school desk, and to have done the deed simply out of mischief. It all came of Polina—yes, of Polina. But for her, there might never have been a fracas. Or perhaps I did the deed in a fit of despair (though it may be foolish of me to think so)? What there is so attractive about her I cannot think. Yet there is something attractive about her—something passing fair, it would seem. Others besides myself she has driven to distraction. She is tall and straight, and very slim. Her body looks as though it could be tied into a knot, or bent double, like a cord. The imprint of her foot is long and narrow. It is, a maddening imprint—yes, simply a maddening one! And her hair has a reddish tint about it, and her eyes are like cat’s eyes—though able also to glance with proud, disdainful mien. On the evening of my first arrival, four months ago, I remember that she was sitting and holding an animated conversation with De Griers in the salon. And the way in which she looked at him was such that later, when I retired to my own room upstairs, I kept fancying that she had smitten him in the face—that she had smitten him right on the cheek, so peculiar had been her look as she stood confronting him. Ever since that evening I have loved her. But to my tale. I stepped from the path into the carriage-way, and took my stand in the middle of it. There I awaited the Baron and the Baroness. When they were but a few paces distant from me I took off my hat, and bowed. I remember that the Baroness was clad in a voluminous silk dress, pale grey in colour, and adorned with flounces and a crinoline and train. Also, she was short and inordinately stout, while her gross, flabby chin completely concealed her neck. Her face was purple, and the little eyes in it had an impudent, malicious expression. Yet she walked as though she were conferring a favour upon everybody by so doing. As for the Baron, he was tall, wizened, bony-faced after the German fashion, spectacled, and, apparently, about forty-five years of age. Also, he had legs which seemed to begin almost at his chest—or, rather, at his chin! Yet, for all his air of peacock-like conceit, his clothes sagged a little, and his face wore a sheepish air which might have passed for profundity. These details I noted within a space of a few seconds. At first my bow and the fact that I had my hat in my hand barely caught their attention. The Baron only scowled a little, and the Baroness swept straight on. “Madame la Baronne,” said I, loudly and distinctly—embroidering each word, as it were—“j’ai l’honneur d’être votre esclave.” Then I bowed again, put on my hat, and walked past the Baron with a rude smile on my face. Polina had ordered me merely to take off my hat: the bow and the general effrontery were of my own invention. God knows what instigated me to perpetrate the outrage! In my frenzy I felt as though I were walking on air. “Hein!” ejaculated—or, rather, growled—the Baron as he turned towards me in angry surprise. I too turned round, and stood waiting in pseudo-courteous expectation. Yet still I wore on my face an impudent smile as I gazed at him. He seemed to hesitate, and his brows contracted to their utmost limits. Every moment his visage was growing darker. The Baroness also turned in my direction, and gazed at me in wrathful perplexity, while some of the passers-by also began to stare at us, and others of them halted outright. “Hein!” the Baron vociferated again, with a redoubled growl and a note of growing wrath in his voice. “Ja wohl!” I replied, still looking him in the eyes. “Sind Sie rasend?” he exclaimed, brandishing his stick, and, apparently, beginning to feel nervous. Perhaps it was my costume which intimidated him, for I was well and fashionably dressed, after the manner of a man who belongs to indisputably good society. “Ja wo-o-ohl!” cried I again with all my might with a longdrawn rolling of the “ohl” sound after the fashion of the Berliners (who constantly use the phrase “Ja wohl!” in conversation, and more or less prolong the syllable “ohl” according as they desire to express different shades of meaning or of mood). At this the Baron and the Baroness faced sharply about, and almost fled in their alarm. Some of the bystanders gave vent to excited exclamations, and others remained staring at me in astonishment. But I do not remember the details very well. Wheeling quietly about, I returned in the direction of Polina Alexandrovna. But, when I had got within a hundred paces of her seat, I saw her rise and set out with the children towards the hotel. At the portico I caught up to her. “I have perpetrated the—the piece of idiocy,” I said as I came level with her. “Have you? Then you can take the consequences,” she replied without so much as looking at me. Then she moved towards the staircase. I spent the rest of the evening walking in the park. Thence I passed into the forest, and walked on until I found myself in a neighbouring principality. At a wayside restaurant I partook of an omelette and some wine, and was charged for the idyllic repast a thaler and a half. Not until eleven o’clock did I return home—to find a summons awaiting me from the General. Our party occupied two suites in the hotel; each of which contained two rooms. The first (the larger suite) comprised a salon and a smoking-room, with, adjoining the latter, the General’s study. It was here that he was awaiting me as he stood posed in a majestic attitude beside his writing-table. Lolling on a divan close by was De Griers. “My good sir,” the General began, “may I ask you what this is that you have gone and done?” “I should be glad,” I replied, “if we could come straight to the point. Probably you are referring to my encounter of today with a German?” “With a German? Why, the German was the Baron Burmergelm—a most important personage! I hear that you have been rude both to him and to the Baroness?” “No, I have not.” “But I understand that you simply terrified them, my good sir?” shouted the General. “Not in the least,” I replied. “You must know that when I was in Berlin I frequently used to hear the Berliners repeat, and repellently prolong, a certain phrase—namely, ‘Ja wohl!’; and, happening to meet this couple in the carriage-drive, I found, for some reason or another, that this phrase suddenly recurred to my memory, and exercised a rousing effect upon my spirits. Moreover, on the three previous occasions that I have met the Baroness she has walked towards me as though I were a worm which could easily be crushed with the foot. Not unnaturally, I too possess a measure of self-respect; wherefore, on this occasion I took off my hat, and said politely (yes, I assure you it was said politely): ‘Madame, j’ai l’honneur d’être votre esclave.’ Then the Baron turned round, and said ‘Hein!’; whereupon I felt moved to ejaculate in answer ‘Ja wohl!’ Twice I shouted it at him—the first time in an ordinary tone, and the second time with the greatest prolonging of the words of which I was capable. That is all.” I must confess that this puerile explanation gave me great pleasure. I felt a strong desire to overlay the incident with an even added measure of grossness; so, the further I proceeded, the more did the gusto of my proceeding increase. “You are only making fun of me!” vociferated the General as, turning to the Frenchman, he declared that my bringing about of the incident had been gratuitous. De Griers smiled contemptuously, and shrugged his shoulders. “Do not think that,” I put in. “It was not so at all. I grant you that my behaviour was bad—I fully confess that it was so, and make no secret of the fact. I would even go so far as to grant you that my behaviour might well be called stupid and indecent tomfoolery; but, more than that it was not. Also, let me tell you that I am very sorry for my conduct. Yet there is one circumstance which, in my eyes, almost absolves me from regret in the matter. Of late—that is to say, for the last two or three weeks—I have been feeling not at all well. That is to say, I have been in a sick, nervous, irritable, fanciful condition, so that I have periodically lost control over myself. For instance, on more than one occasion I have tried to pick a quarrel even with Monsieur le Marquise here; and, under the circumstances, he had no choice but to answer me. In short, I have recently been showing signs of ill-health. Whether the Baroness Burmergelm will take this circumstance into consideration when I come to beg her pardon (for I do intend to make her amends) I do not know; but I doubt if she will, and the less so since, so far as I know, the circumstance is one which, of late, has begun to be abused in the legal world, in that advocates in criminal cases have taken to justifying their clients on the ground that, at the moment of the crime, they (the clients) were unconscious of what they were doing—that, in short, they were out of health. ‘My client committed the murder—that is true; but he has no recollection of having committed it.’ And doctors actually support these advocates by affirming that there really is such a malady—that there really can arise temporary delusions which make a man remember nothing of a given deed, or only a half or a quarter of it! But the Baron and Baroness are members of an older generation, as well as Prussian Junkers and landowners. To them such a process in the medico-judicial world will be unknown, and therefore, they are the more unlikely to accept any such explanation. What is your opinion about it, General?” “Enough, sir!” he thundered with barely restrained fury. “Enough, I say! Once and for all I must endeavour to rid myself of you and your impertinence. To justify yourself in the eyes of the Baron and Baroness will be impossible. Any intercourse with you, even though it be confined to a begging of their pardons, they would look upon as a degradation. I may tell you that, on learning that you formed part of my household, the Baron approached me in the Casino, and demanded of me additional satisfaction. Do you understand, then, what it is that you have entailed upon me—upon me, my good sir? You have entailed upon me the fact of my being forced to sue humbly to the Baron, and to give him my word of honour that this very day you shall cease to belong to my establishment!” “Excuse me, General,” I interrupted, “but did he make an express point of it that I should ‘cease to belong to your establishment,’ as you call it?” “No; I, of my own initiative, thought that I ought to afford him that satisfaction; and, with it he was satisfied. So we must part, good sir. It is my duty to hand over to you forty gülden, three florins, as per the accompanying statement. Here is the money, and here the account, which you are at liberty to verify. Farewell. From henceforth we are strangers. From you I have never had anything but trouble and unpleasantness. I am about to call the landlord, and explain to him that from tomorrow onwards I shall no longer be responsible for your hotel expenses. Also I have the honour to remain your obedient servant.” I took the money and the account (which was indicted in pencil), and, bowing low to the General, said to him very gravely: “The matter cannot end here. I regret very much that you should have been put to unpleasantness at the Baron’s hands; but, the fault (pardon me) is your own. How came you to answer for me to the Baron? And what did you mean by saying that I formed part of your household? I am merely your family tutor—not a son of yours, nor yet your ward, nor a person of any kind for whose acts you need be responsible. I am a judicially competent person, a man of twenty-five years of age, a university graduate, a gentleman, and, until I met yourself, a complete stranger to you. Only my boundless respect for your merits restrains me from demanding satisfaction at your hands, as well as a further explanation as to the reasons which have led you to take it upon yourself to answer for my conduct.” So struck was he with my words that, spreading out his hands, he turned to the Frenchman, and interpreted to him that I had challenged himself (the General) to a duel. The Frenchman laughed aloud. “Nor do I intend to let the Baron off,” I continued calmly, but with not a little discomfiture at De Griers’ merriment. “And since you, General, have today been so good as to listen to the Baron’s complaints, and to enter into his concerns—since you have made yourself a participator in the affair—I have the honour to inform you that, tomorrow morning at the latest, I shall, in my own name, demand of the said Baron a formal explanation as to the reasons which have led him to disregard the fact that the matter lies between him and myself alone, and to put a slight upon me by referring it to another person, as though I were unworthy to answer for my own conduct.” Then there happened what I had foreseen. The General on hearing of this further intended outrage, showed the white feather. “What?” he cried. “Do you intend to go on with this damned nonsense? Do you not realise the harm that it is doing me? I beg of you not to laugh at me, sir—not to laugh at me, for we have police authorities here who, out of respect for my rank, and for that of the Baron... In short, sir, I swear to you that I will have you arrested, and marched out of the place, to prevent any further brawling on your part. Do you understand what I say?” He was almost breathless with anger, as well as in a terrible fright. “General,” I replied with that calmness which he never could abide, “one cannot arrest a man for brawling until he has brawled. I have not so much as begun my explanations to the Baron, and you are altogether ignorant as to the form and time which my intended procedure is likely to assume. I wish but to disabuse the Baron of what is, to me, a shameful supposition—namely, that I am under the guardianship of a person who is qualified to exercise control over my free will. It is vain for you to disturb and alarm yourself.” “For God’s sake, Alexis Ivanovitch, do put an end to this senseless scheme of yours!” he muttered, but with a sudden change from a truculent tone to one of entreaty as he caught me by the hand. “Do you know what is likely to come of it? Merely further unpleasantness. You will agree with me, I am sure, that at present I ought to move with especial care—yes, with very especial care. You cannot be fully aware of how I am situated. When we leave this place I shall be ready to receive you back into my household; but, for the time being I— Well, I cannot tell you all my reasons.” With that he wound up in a despairing voice: “O Alexis Ivanovitch, Alexis Ivanovitch!” I moved towards the door—begging him to be calm, and promising that everything should be done decently and in order; whereafter I departed. Russians, when abroad, are over-apt to play the poltroon, to watch all their words, and to wonder what people are thinking of their conduct, or whether such and such a thing is comme il faut. In short, they are over-apt to cosset themselves, and to lay claim to great importance. Always they prefer the form of behaviour which has once and for all become accepted and established. This they will follow slavishly whether in hotels, on promenades, at meetings, or when on a journey. But the General had avowed to me that, over and above such considerations as these, there were circumstances which compelled him to “move with especial care at present”, and that the fact had actually made him poor-spirited and a coward—it had made him altogether change his tone towards me. This fact I took into my calculations, and duly noted it, for, of course, he might apply to the authorities tomorrow, and it behoved me to go carefully. Yet it was not the General but Polina that I wanted to anger. She had treated me with such cruelty, and had got me into such a hole, that I felt a longing to force her to beseech me to stop. Of course, my tomfoolery might compromise her; yet certain other feelings and desires had begun to form themselves in my brain. If I was never to rank in her eyes as anything but a nonentity, it would not greatly matter if I figured as a draggle-tailed cockerel, and the Baron were to give me a good thrashing; but, the fact was that I desired to have the laugh of them all, and to come out myself unscathed. Let people see what they would see. Let Polina, for once, have a good fright, and be forced to whistle me to heel again. But, however much she might whistle, she should see that I was at least no draggle-tailed cockerel! I have just received a surprising piece of news. I have just met our chambermaid on the stairs, and been informed by her that Maria Philipovna departed today, by the night train, to stay with a cousin at Carlsbad. What can that mean? The maid declares that Madame packed her trunks early in the day. Yet how is it that no one else seems to have been aware of the circumstance? Or is it that I have been the only person to be unaware of it? Also, the maid has just told me that, three days ago, Maria Philipovna had some high words with the General. I understand, then! Probably the words were concerning Mlle. Blanche. Certainly something decisive is approaching. About HackerNoon Book Series: We bring you the most important technical, scientific, and insightful public domain books. This book is part of the public domain. Fyodor Dostoyevsky (2000). The Gambler. Urbana, Illinois: Project Gutenberg. Retrieved https://www.gutenberg.org/cache/epub/2197/pg2197-images.html This eBook is for the use of anyone anywhere at no cost and with almost no restrictions whatsoever. You may copy it, give it away or re-use it under the terms of the Project Gutenberg License included with this eBook or online at www.gutenberg.org , located at https://www.gutenberg.org/policy/license.html .

Two days have passed since that day of lunacy

THE LUNARY COPRIS; THE BISON ONITIS

The Moon has long fascinated humankind, inspiring countless myths, stories, and scientific inquiries. Our understanding of the Moon has shifted gears in recent years owing to several outer space missions that explored geology, surface, and, mineral resources. The idea of building a lunar economy has existed for some time now. To make it a reality, scientists will have to set up a communication and navigation infrastructure with a standardized way to determine time. NASA is currently in the early stages of developing , a vital initiative to create an internet network for the Moon. This project goes beyond enabling astronauts to take pictures; it is a crucial component of the program. The agency intends to build various infrastructures on and around the Moon, such as a , a new , and a lunar web service that can maintain connectivity between all elements. LunaNet Artemis human habitat space station “LunaNet is a framework of mutually agreed-upon standards, protocols, and interface requirements allowing future lunar missions to work together, conceptually similar to what we did on Earth for joint use of GPS and Galileo,” Javier Ventura-Traveset, ESA's Navigation Manager. explains LunaNet: Enhancing Connectivity and Empowering Missions at the Moon “As NASA establishes a sustained lunar presence on the Moon, creating a robust infrastructure becomes increasingly important. The LunaNet communications and navigation architecture is extensible and flexible,” D.J. Israel, Exploration and Space Communications Projects Division Architect in a conference paper titled “LunaNet: a Flexible and Extensible Lunar Exploration Communications and Navigation Infrastructure.” states He further explains how LunaNet will provide three types of services: networking, position, timing and navigation, and science utilization. Users, both human and robotic, will experience network functionality similar to that experienced on Earth. The ESA(European Space Agency) opened an last week,  inviting private companies to help with its program, aimed at launching  three or four satellites to be “carried into lunar orbit by a space tug and deployed one by one, to form a constellation of lunar satellites.” The satellite constellation's orbits will be strategically optimized to encompass the lunar south pole, which has been designated as the primary landing site for  NASA’s future Artemis missions. application portal “Moonlight” What is ESA’s Moonlight initiative? “Many of the proposed lunar missions will require reliable navigation and telecommunication capabilities. Building these capabilities independently would be inefficient and costly due to complex, recurrent developments,” ESA’s announcement blog post titled “Lunar Economy Applications” . read Not only ESA, but NASA has also adopted public-private models for providing space services, such as and to the International Space Station. These partnerships have also been established for future endeavors, including the and to the lunar surface. delivering cargo transporting crew delivery of scientific experiments astronauts NASA has invested $1.2 billion in to develop a human landing variant of to land American astronauts on the Moon under Artemis III,” marking humanity’s first return to the lunar surface in more than 50 years.” SpaceX Starship Of the total investment in space over the last decade, which , 99% was directed toward the development of satellites and their launch vehicles for Earth's orbit. The emerging markets of space habitats, satellite servicing, and the fledgling lunar market accounted for $3.3 billion of this investment. amounted to $272 billion The US-based space agency anticipates that the lunar network will expand along with the increase in activity on and around the Moon. It projects that with the establishment of the Lunar Gateway, its newly planned lunar space station, the Moon will require approximately 210 megabits per second and 4.6 terabytes per day, as stated in a from the agency in the previous year. As NASA prepares for a human mission to Mars around 2035, it foresees the Moon requiring as much as 950 megabits per second and 12 terabytes per day. presentation "In 2021 there were 13 landers, orbiters, and rovers on and around the Moon," Kelly Larson, CEO of Aquarian Space, in the statement. "By 2030, we will have around 200, creating a multibillion-dollar lunar economy.” said NASA is devising a plan to enhance its services by launching lunar satellites that will interconnect with each other and eventually link back to the communication infrastructure on Earth. will be especially beneficial for the challenging-to-reach parts of the Moon, such as the far side and the lunar south pole, which the agency aims to explore with the aid of astronauts in the future. Furthermore, the agency intends to establish a range of ground stations that will function like cell towers on the Moon's surface. The idea is to create a lunar communication system that operates similarly to an internet network rather than a phone line. The relay spacecraft Private companies, including Aquarian Space and Nokia, are contributing to the development of lunar internet infrastructure. Aquarian Space to launch its initial lunar communication satellites by Q2 2025, while Nokia is collaborating with NASA on a 4G cellular network for the Moon. Nokia a contract of over $14 million from NASA and is scheduled to deliver its first base station and radio equipment via a SpaceX rocket next year. plans has won Accurate navigation depends majorly on precise timekeeping as it is crucial in determining the exact location of a . The satnav receiver measures the time it takes for multiple satellite signals to reach it and converts this time measurement into an estimate of distance. satnav receiver Currently, every new expedition to the Moon is conducted on Earth's timeline, with the assistance of deep space antennas to ensure that the spacecraft's clocks are aligned with terrestrial time and to enable communication between the spacecraft and Earth. However, this approach will not be viable in the future lunar environment. There are over planned in the coming decade. These missions will not only occur simultaneously on or around the Moon, but they will also frequently interact with each other. This interaction may involve relaying communications, conducting joint observations, or carrying out rendezvous operations. 250 lunar missions Considering this, space agencies have initiated discussions on how to measure time on the Moon. These discussions began with a meeting at ESA's ESTEC technology center in the Netherlands in November of last year. "During this meeting at ESTEC, we agreed on the importance and urgency of defining a common lunar reference time, which is internationally accepted and towards which all lunar systems and users may refer to. A joint international effort is now being launched towards achieving this,” ESA navigation system engineer Pietro Giordano. said “Timekeeping and time distribution are essential for navigation performance and for maintaining synchronization across multiple assets. Time knowledge significantly impacts observation accuracy. Inaccuracies and differences among sources used in measurement time-tagging impart offsets relative to the true orbit location,”  states the conference paper. Observations commonly used in radio and optometric technologies include one-way and two-way range and Doppler measurements. These observations heavily rely on precise time-stamping, which must be referenced to a standardized time scale such as International Atomic Time (TAI). Establishing a universal lunar time presents a unique challenge as clocks on Earth and the Moon operate at different speeds due to the varying gravitational fields. As such, the form that an official lunar time would take is not clear. One possibility is that lunar time could be based on a clock system that is designed to synchronize with Coordinated Universal Time (UTC). Alternatively, lunar time could be entirely independent of Earth time, resulting in the creation of a unique time system specifically designed for the Moon. According to , a lunar clock would gain approximately 56 microseconds or millionths over 24 hours. The exact rate will be a function of their position on the moon, ticking differently on the lunar surface and orbit. Jeff Gramling's estimation Other than technical standpoints, geopolitics will play a major role in building the lunar economy. The entity that shapes the internet infrastructure on the Moon will wield significant influence, as it will have the authority to establish guidelines for how network providers collaborate and allocate lunar web addresses. Despite the U.S.'s efforts to bring other nations and space agencies into alignment with its , a set of international principles aimed at guiding lunar and outer space exploration and development, there is no assurance that all parties will agree to its terms. Notably, Russia and China are collaborating on their own . Artemis Accords lunar initiatives For effective collaboration, the international community must agree upon a shared "selenocentric reference frame," similar to the International Terrestrial Reference Frame used on Earth, which allows for accurate measurement of precise distances between points across the Moon. Such customized reference frames are crucial components of modern GNSS (Global Navigation Satellite Systems). Once the scientists are able to move past the challenges, the construction of stations will be open to astronauts’ stay and will be resupplied with periodic Artemis launches. Numerous uncrewed missions will also be in place – each Artemis mission alone will release numerous lunar – and ESA will be putting down its Gateway CubeSats . Argonaut European Large Logistics Lander

The Future on the Moon: How LunaNet and Moon Standard Time will Shape the Lunar Economy

চাঁদের ভবিষ্যত: লুনানেট এবং চাঁদের মানক সময় কীভাবে চন্দ্র অর্থনীতিকে রূপ দেবে

Die Zukunft auf dem Mond: Wie LunaNet und die Mond-Standardzeit die Mondwirtschaft prägen werden

Futuro en la Luna: cómo LunaNet y el horario estándar lunar darán forma a la economía lunar

L'avenir sur la Lune : comment LunaNet et l'heure normale de la Lune façonneront l'économie lunaire

चंद्रमा पर भविष्य: कैसे लूनानेट और चंद्रमा मानक समय चंद्र अर्थव्यवस्था को आकार देंगे

月の未来: LunaNet と月標準時が月の経済をどのように形成するか

달의 미래: LunaNet과 달 표준시가 달 경제를 어떻게 형성할 것인가

Futuro na Lua: como o LunaNet e o horário padrão lunar moldarão a economia lunar

Ay'daki Gelecek: LunaNet ve Ay Standart Saati Ay Ekonomisini Nasıl Şekillendirecek?

Tương lai trên Mặt trăng: LunaNet và Giờ chuẩn Mặt trăng sẽ định hình nền kinh tế Mặt trăng như thế nào

月球上的未来：LunaNet 和月球标准时间将如何塑造月球经济

A LUNAR STORM

It is currently Christmas Eve here in Melbourne, Australia where I reside, so I decided to make a bit of a price prediction for my new favorite crypto project Terra Luna Classic ($LUNC). It’s not something I did often (price predictions) when I ran the popular blog because I did not want to be seen as shilling, pumping my own bags, or any of that, but seeing as two things have happened recently; 1 - I sold the blog and am now what you would call independent and 2 - Terra Luna Classic is such a well known yet misunderstood project that there are a TON of other price prediction blog posts, videos, articles, and social media ramblings that this will likely just go over the top of peoples heads. Crypto Fireside And yes, before we get into it, full disclosure, I am invested and staking. Furthermore, the views here belong to me alone. This is my opinion and should not be taken as professional investment advice. Please DYOR before making investment decisions. Disclosure: Terra Luna Classic Price Prediction To understand where the price might end up, let’s take a quick look at where it is right now, along with some other quick stats. $0.0001427 Current price: $851,885,019 Market cap: $97,016,085 Volume 24/hr: 5,972,733,140,767 LUNC Circulating supply: A Very Brief History of Terra Luna Classic This current price of $0.0001427 ($LUNC) is far and away from the All-Time High of around $116.00 in April 2022. For those of you new to crypto and anyone else living under a rock or perhaps in a coma at the time, $LUNA the original coin crashed spectacularly along with its sister stable coin $UST, and wiped out around $60 billion from the cryptocurrency markets. This happened in early May 2022. Now is not the time or place to get into great detail about what happened, the hows and the why’s, suffice to say the $UST stablecoin which was relying on an algorithm, depegged from $1 USD, and this event dragged $LUNA all the way down to a low of $0.00004779 from it’s high of $116. All of this happened within just a few days between May 3rd and May 12th, 2022. Investigations are ongoing and there are even allegations and reports that Sam Bankman-Fried may have led an attack targeting $LUNA and $UST with market manipulation tactics, as reported by . The New York Times Birth of Terra Luna Classic ($LUNC) Later in May, a proposal was approved to reissue a new Luna currency and disconnect from the abandoned and devalued UST stablecoin. The original blockchain is now called , and its original Luna currency is called . Terra Classic (LUNC) Luna Classic ($LUNC) A new Luna coin called "Terra 2.0" by investors, has also been created. LUNC Price Prediction There are many varying and wild price predictions going on in the space right now, some are outright crazy and calling for a return back to all-time highs which of course are utterly insane because of the enormous circulating supply which would mean that each of the 5.9 trillion coins combined with the all-time high valuation would create a total worth of $684,400,000,000,000 AKA 684 trillion dollars AKA a number so large I had to Google it (6.844e+14). at this point in time A far more realistic that many in the space are suggesting is probable, should a number of things go right for the chain and its ongoing development is; $0.01 or simply put 1 cent. LUNC price prediction I too think that this is realistic. My prediction is that this will happen by 2025. Terra Luna Classic Burn A huge part of the chain’s supporters, the developers, and the community’s focus is on burning the supply. For the price to have any chance of increasing, . This is agreed upon by virtually everyone. the supply must be reduced In order to reduce the supply, coins must be burned by sending them to the burn address: terra1sk06e3dyexuq4shw77y3dsv480xv42mq73anxu The LUNC community rallied and a supply burn was originally agreed to be 1.2% after the community passed proposals and . These proposals introduced a 1.2% tax burn for all on-chain transactions of LUNC on the Terra Classic network. 3568 4159 The same LUNC community shortly after changed its mind and approved , which reduced the 1.2% tax burn to 0.2%. proposal 5234 Edward Kim, one of the co-authors of the 1.2% tax burn proposal, an article on his Medium blog which explained the benefits of reducing the tax burn to 0.2%. published Adding to the community burn agreement was the agreement of centralized cryptocurrency exchanges (CEXs) to aid in the burn. Some of the world’s largest exchanges like Binance showed support in burning the $LUNC supply which led to other large exchanges including KuCoin, Kraken, Gate.io, MEXC , eToro, Huobi Crypto.com, CoinInn, BTCEX, and many others supporting the community governance agreements. How Much Terra Luna Classic ($LUNC) Has Been Burned So Far? The current burn quantity sits at or 0.5% of the supply. Much of this quantity has been burned with the support and help of Binance. They alone have burned approximately 20 billion LUNC. 34 billion An interesting side note: suggests that getting to a target goal of 10 billion LUNC supply, at the current rate, will take 57 years to accomplish. Lunc.tech Where does this 10 billion LUNC supply goal come from though? This 10 billion supply goal comes from the original 1.2% burn proposal which I linked to above. Time For Some Reality! Realistically, based on current burn metrics the 10 billion LUNC supply goal will take many decades to achieve. Of course, there are things we cannot know, such as what new dApps may come along that will add to burns or other kinds of that are currently being discussed and debated by people a lot smarter than me. crypto wizardry Some of this wizardry includes the option to repeg LUNC to USTC or some other new stablecoin, and it is said that if this can be done, what would effectively happen is that the supply of LUNC will be reversed through the same mechanisms that it was minted when the crash happened. In layman's terms, there was an algorithm that connected UST and LUNA along with USD and BTC in the backend, one would be minted and another burned, but when the crash happened this mechanism flipped itself. The idea to repeg, if it works, would flip it back again. There is also talk of merging the Terra Luna Classic (LUNC) chain with the Terra 2.0 (LUNA) chain. Many in the community are saying that the combination of LUNA (remember this is now dubbed Terra 2.0) with its heavy focus on development and its current infrastructure and many already existing dApps, when combined with LUNCs relatively high market cap, daily trading volume, and its sheer number of community members, holders, and investors, that this could spell a revival never before seen in the world of crypto… …and one which EVERYONE wants to see happen. Because you see, many people lost everything in the LUNA crash, and it was no fault of their own. Many of these same people hold LUNC, LUNA, and USTC. This would be a David versus Goliath, underdog, and Phoneix revival story all rolled into one. Path to $0.01 LUNC In order for LUNC to reach my price prediction of $0.01 by 2025, and based on pure numbers alone, approximately 2 trillion LUNC, representing about 30% of the supply would need to be burned in order for the currency to achieve the price target of $0.01 per coin. This would reduce the total supply to 4.8 trillion and would propel LUNC into the top 10 cryptocurrencies based on market cap, totaling $48 billion. Is that realistic? I think so, yes. By 2025? Maybe. Really, burning 2 trillion by 2025? Trillions were minted in days, trillions can be burned in a couple of years. One other reason for my optimism is the sheer number of staked LUNC. Currently, this sits at 13% of the total supply or about 898 billion LUNC. Staking, similar to burning, removes LUNC supply, but only in the short term as there is a 21-day lockup period which means that those LUNC, which are staked, cannot be bought or sold for that period of time, meaning if there was an investor run toward buying up the LUNC cryptocurrency, there is a very large amount that could not be bought and hence demand, and price, would increase on the available amounts. The community pool (which is what is funding LUNC staking rewards) currently holds 1.6 billion LUNC along with 807k USTC. This amount can of course change due to governance proposals. Other Reasons For My LUNC Price Prediction There is a lot happening in the LUNC world right now. Binance second round of Terra (LUNA) token airdrop dispersal to holders of Terra Classic (LUNC) and TerraClassicUSD (USTC). Reopening of the Inter Blockchain Communication (IBC). Development of Rebel Station wallet. Regardless of what people think of Terra Rebels. Discussions around new core development teams and funding of these teams. Dozens of new validators. Rumors that Coinbase has authorized the purchase of $245 million in LUNC. And a bunch of other reasons I wrote about . here Tell me what you think in the comments below! Is my price prediction right or wrong and why? Will it happen by 2025? Cheers $LUNC donations welcome: terra1rl2nwknseuucfj93jzkd8jr7ydzktgwdqgvj6r

Terra Luna Classic Price Prediction 

In today's world, it can often feel like we are constantly bombarded with messages telling us to be serious, responsible, and grown-up. From the time we are children, we are told to act our age and behave responsibly. But what if, in all of this pressure to be serious, we are missing out on something important? What if embracing our inner childlike lunatic selves could actually help us thrive in a perpetually serious world? As William Shakespeare once said, "Reputation is an idle and most false imposition; oft got without merit and lost without deserving." In other words, our reputation and the way others perceive us are often based on arbitrary standards and don't necessarily reflect who we truly are. In this blog post, we'll explore the scientific and psychological benefits of embracing our inner foolishness and why it's important to let our hair down and be a little bit silly every now and then. A little bit of silliness brings laughter, smiles, and humor and secrete feel-good hormones that can make us feel more connected with people around us. Silliness may not cure all of life's ills, but it sure does make us smile. And in a world where seriousness is often imposed upon us, a smile can be a powerful tool for survival. So come on, let's embrace our inner wise idiot and see how it is the ultimate life hack that can help us thrive in a world that takes itself far too seriously. Importance of Idiosyncrasies Idiosyncrasies are the unique and individual characteristics that make each person special. In a world that often values conformity and sameness, it can be tempting to try and fit in and suppress our quirks and peculiarities. However, embracing our idiosyncrasies can have numerous benefits, both for ourselves and for those around us. For starters, being idiosyncratic allows for the expression of unique ideas and perspectives, which can lead to more creative and original thinking. It can also promote a sense of self-acceptance and self-worth, leading to improved mental health and well-being. In addition, being idiosyncratic can help individuals stand out and be memorable, leading to deeper and more meaningful social connections. Moreover, having a strong sense of self and individuality can help individuals better navigate challenges and setbacks, leading to increased resilience. And being comfortable in one's own skin and embracing one's quirks can lead to increased self-esteem and confidence. Being idiosyncratic, or having unique and individual characteristics, can have several scientific and psychological benefits. Here are a few points to consider: Increased creativity and originality: Being idiosyncratic allows for the expression of unique ideas and perspectives, which can lead to more creative and original thinking. Embracing one's unique traits and qualities can help to promote a sense of self-acceptance and self-worth, leading to improved mental health and well-being. Improved mental health and well-being: Being idiosyncratic can help individuals stand out and be memorable, which can lead to deeper and more meaningful social connections. Enhanced social connections: Having a strong sense of self and individuality can help individuals better navigate challenges and setbacks, leading to increased resilience. Increased resilience: Being comfortable in one's own skin and embracing one's quirks can lead to increased self-esteem and confidence. Increased self-esteem: In short, embracing our idiosyncrasies allows us to be our authentic selves and to fully embrace all that makes us unique and special. So let your quirks shine, and don't be afraid to be a little bit of a lunatic every now and then. The Science Behind the Power of Play: How Being Silly Can Boost Your Creativity and Productivity There’s ample scientific evidence to support the idea that engaging in playful, silly activities can have positive effects on creativity and productivity. And indeed, research has shown that play can have numerous benefits for both adults and children. For example, play has been linked to increased creativity and problem-solving skills. In one study, researchers found that adults who engaged in playful activities, such as drawing or building with blocks, performed better on creativity tests compared to those who did not engage in play. Similarly, research has shown that children who engage in imaginative play, such as pretending to be pirates or doctors, show increased problem-solving skills and creativity. Play can also have positive effects on productivity. In a study of office workers, researchers found that those who engaged in regular play, such as taking breaks to play video games or do a puzzle, reported higher levels of job satisfaction and were more productive on the job. In addition to these direct benefits, play can also help to reduce stress and improve overall well-being, which can indirectly lead to increased creativity and productivity. Precisely, the science behind the power of play suggests that engaging in silly and playful activities can have numerous benefits for creativity, productivity, and overall well-being. So don't be afraid to let your inner child out and embrace the power of play. The Mental Health Benefits of Letting Your Guard Down and Embracing Your Inner Fool Embracing your inner fool and letting your guard down can have numerous mental health benefits. For one, it can help to promote a sense of self-acceptance and self-worth. When we embrace our quirks and peculiarities, it can help us feel more comfortable in our own skin and more confident in who we are. In addition, engaging in playful and silly activities can help to reduce stress and improve overall well-being. Play has been shown to lower levels of the stress hormone cortisol and increase the production of endorphins, the body's natural feel-good chemicals. This can help to improve mood and reduce feelings of anxiety and depression. Furthermore, play can help to promote healthy relationships and social connections. When we let our guard down and engage in playful activities with others, it can help to create a sense of bonding and connection. This can be especially beneficial for those who may feel isolated or disconnected from others. In short, letting your guard down and embracing your inner fool can have numerous mental health benefits, including improved self-acceptance, reduced stress, and stronger social connections. So don't be afraid to let your hair down and have a little bit of fun every now and then. Why Being a Little Bit Quirky Can Help You Stand Out and Connect with Others Being a little bit quirky can help you stand out from the crowd and gain more attention from your peers. People are often attracted to uniqueness, so having an offbeat sense of style or an interesting way of expressing yourself can really set you apart. Quirky personalities have been seen as attractive throughout history: some of our most beloved characters, like Sherlock Holmes and the Mad Hatter, all have a bit of quirkiness in them. At the same time, it’s important to remember that being too quirky can be off-putting. People often find it difficult to relate to someone who is overly eccentric. It’s best to strike a balance between showing off your uniqueness and being relatable. It's also worth noting that some of history's greatest minds, like Nikola Tesla and Galileo, had tragic ends because the world could not digest their brilliance and their unconventional ideas and beliefs. This teaches us that having too much intelligence or quirkiness can be a double-edged sword - you can stand out for being unique, but you may also be ostracized or mistreated for it. So, when considering how to use your quirks for social gain, it's important to stay mindful of not going overboard. So, while it's important to be competent and knowledgeable, it's also important to embrace your quirks and let your unique personality shine. This can help you stand out and connect with others in a meaningful way. Having a little bit of quirkiness can be beneficial if you are able to balance it with relatability. It can help you stand out from the crowd and increase the likelihood of connecting with others. With a careful hand, quirkiness can be an asset. All you have to do is keep in mind that every situation requires a different approach. With the right attitude and a bit of luck, you can use your quirks to make meaningful connections with others. In a world that often values conformity and sameness, being a little bit quirky can help individuals stand out and be memorable. This can be especially beneficial in a world where intelligence and perfection are often prized above all else. The Importance of Embracing Your Inner Child in a World That Wants You to Grow Up The importance of embracing your inner child should not be overlooked. In a world that encourages us to grow up, it is important to remember the spirit of being who we once were. We all have an innate curiosity within us, and when we tap into that source of genuine wonderment, life can become infinitely more meaningful. When we were children, we had no qualms about asking questions and observing the world around us. We weren't afraid to explore new places, try different activities, or express our thoughts and feelings. We were unapologetically inquisitive and started learning by imitating before we learned to innovate. Our inner child can be a source of creative inspiration and original ideas. As adults, we often feel overwhelmed by the expectations of society, which can make it hard to stay connected to our own unique voice. By taking time to nurture that childlike side of ourselves, however, we can access a place within us that is unfettered by external pressures and expectations. We learn how to be true to our own dreams and desires rather than trying to conform to what is expected of us. Moreover, by embracing our inner child, we can find a renewed appreciation for the present moment. Our inner child is never rushed when playing or exploring — it savors every moment and lives fully in the here and now. By relearning this skill, we can more easily step away from our daily worries and anxieties to enjoy life in the present. In a world that often tells us to forget who we used to be and grow up, it is important to remember that embracing your inner child can bring a renewed sense of joy and perspective into our lives. The curiosity, passion, and wonderment of childhood are all traits that we should strive to keep as adults. By reconnecting with our inner child, we can learn how to be present in the moment, follow our own path, and let go of our inhibitions and expectations. If we can do that, we will find a renewed zest for life no matter our age. Embracing our inner child can bring us a sense of joy and perspective that is often lost in the hustle and bustle of modern life. By nurturing the spirit of curiosity we had as children, we can learn how to take one moment in stride at a time, trust ourselves more, and enjoy life to its fullest. This is an essential skill for finding true satisfaction and contentment in life. The Surprising Ways Being a Fool Can Help You Navigate Life's Challenges and Setbacks Foolishness isn't all bad. In fact, it can be helpful in navigating life's challenges and setbacks. Though it may sound counterintuitive to embrace foolishness, this silly, carefree approach can actually help you stay positive and creative as you work through your struggles. Here are a few surprising ways being a fool can benefit you: No Fear of Failure A fool's lack of inhibition can be a great asset when it comes to facing difficult situations. Because they don't take themselves too seriously, fools are not afraid to fail and instead look for opportunities to learn from their mistakes. This openness makes it easier for them to move forward with confidence and resilience. Increased Creativity While being overly serious can lead to a lack of creativity, fooling around can help stimulate ideas and solutions that would otherwise remain hidden. Fools often come up with the most inventive solutions because they aren't afraid to try something new or unorthodox. Reframing Challenges as Opportunities Fools have an innate ability to see the humor in life's struggles, which helps them stay positive and motivated. This often leads to reframing their challenges as opportunities for growth and learning. Additionally, their carefree attitude makes difficult tasks seem less daunting. Acceptance of Life's Unpredictability While being serious and responsible can be beneficial, it also leads to a desire for control. Fools embrace life's unpredictability and the fact that there are some things that you simply can't plan for or anticipate. They understand that to have a fulfilling life, you must accept what comes and make the best of it. By embracing a foolish approach to life, you can benefit from its many advantages. Being able to laugh at yourself and take things less seriously can help you stay motivated and creative as you work through life's challenges. In addition, it can also make difficult tasks seem more manageable and provide a renewed sense of optimism and hope in times of difficulty. So next time life throws you a curveball, don't be afraid to let your inner fool take the lead and see where it takes you. You might just surprise yourself! Wrap Up Key to success is not only hard work and dedication but also being able to laugh at oneself, explore with a childlike inquisitiveness and keep an open mind. Pareto's law states that 20% silliness and childlike inquisitively can help us focus on our goals. By embracing creativity through these activities, we can unlock our potential and make progress in our lives. It is important to find a balance between being serious and taking life too seriously. Therefore, it is essential to have a sense of humor and explore the world with an open mind. With this new outlook, one may be able to achieve more than what they thought possible. So, don't be afraid to embrace your inner fool and let your hair down every now and then. Engage in playful activities, ask curious questions, and don't take yourself too seriously. By embracing a bit of childlike wonder and wonder, you may find that you are able to thrive in a perpetually serious world. With these qualities, one can make great strides toward their goals. So don't forget to explore and have fun; it just might help you succeed.

Life’s Ultimate Hack is Embracing Your Inner Childlike Lunatic

Terra has received aggressive backlash, press coverage, and rebranding over the last six months. What precipitated the fall of one of crypto’s most valuable assets? What impact has its slump had on the market? Terra always had it coming… Terra’s (now Terra Classic) problems may have begun on May 7th, but it always looked primed to fall off. The network’s stablecoin, UST, was backed by and a set of programs designed to even out the latter’s volatility and bring the former’s price back to $1. LUNA But the algorithms could only do so much to even out LUNA’s price valuation reduction from $85.5 to 50 cents. Experts attribute the crash to two UST trades that happened on the night of May 7th. Terraform Labs, the creators of UST attempted to move 150 million UST from 3pool elsewhere. This created a volatility window on the decentralized exchange exploited by two traders who swapped just under 200 million UST for USDC. Panic broke out due to these trades, which resulted in other investors swapping for safer stablecoins and cryptocurrencies to mitigate their loss. In a last-ditch effort to even out the ratio of UST to other stablecoins, Terraform withdrew 100 million UST more. But this failed to re-peg UST. A submitted on May 11 by Terraform Labs CEO Do Kwon revealed that the algorithms needed to overcompensate for the market speed to reinstate the peg. He proposed an alteration of the underlying code that meant more LUNA minting and worsening hyperinflation of the asset class. proposal The LUNA-cy became contagious The LUNA-UST panic soon caught up with the whole market and set the market on a losing spree. LUNA’s “sudden demise” made investors realize that “anything can happen” and earmarked massive cryptocurrency exchanges. Two of the biggest cryptocurrencies, Bitcoin and Ethereum, suffered losses in excess of 60% and 30%, respectively. This overarching red of losses by investors increased the calls and pressure for the regulation of cryptocurrencies. United States Treasury Secretary, , reinstated the desire to push for stablecoin regulation during a Senate Bank Committee hearing while traders fought to stay afloat. Janet Yellen She said: [With stablecoins,] we see run risks which could threaten financial stability — risks associated with a payment system and its integrity and risks associated with increased concentration if stablecoins are issued by firms that already have substantial market power. We definitely see significant risks here.

The LUNA-Tic Descent of Terra: Its Causes and Impact on the Crypto Market

As a trader, you might wonder how you can take your trading to the next level. The is perfect for traders who want to write scripts and work with bots to trigger specific trade activity, but you need a platform that will let you perform the trades. LunarCrush monitors the internet for signals that will identify your next asset opportunity. LunarCrush API If you’re familiar with 3Commas, then you know that it’s a platform for trading with bots. You connect your favorite exchange to your 3Commas dashboard account, and you can automate much of the research and trading that takes hours to do manually. The platform also has an API that can be used in conjunction with the LunarCrush API. LunarCrush serves as your automated research tool, and the 3Commas API serves as a way to take botted action when the LunarCrush research reaches specific thresholds that you determine and design in your scripted bot. The LunarCrush API returns numerous signals that can be used in custom trader scripts. Using custom scripts with LunarCrush and 3Commas gives you more flexibility in what you want to do instead of being tied to preset features coded in the dashboard. This simple starter guide will help new traders get acclimated to the LunarCrush API and see what it can do for trader bots. In this example, we’ll use Galaxy Score, which is a score calculated from several social and price metrics. You can read about the other LunarCrush makes available from the API, but this guide will focus on Galaxy Score as an example. data A brief description of Galaxy Score: Galaxy score™ is a combination of four metrics — the price score, social impact score, average sentiment, and correlation rank. It measures the relative price appreciation between current and previous interval MACD (moving average convergence divergence), engagement and impact across various social media platforms, average sentiment classified by our machine-learning engines, and correlation of social media volumes and spam to price and volume. The metrics are aggregated and normalized to a scale of 100. To understand more about why you would use Galaxy Score to guide your trades, check out the illustrating LunarCrush and 3Comma bots work together. These videos will help you figure out the best ways to work with LunarCrush data and use them to build automation into your trading in 3Commas. Trading Parrot videos Using Galaxy Score, a trader could identify the top crypto opportunities for several assets and trigger trades on the 3Commas platform. You first retrieve the top opportunities via the LunarCrush API endpoint and then use the endpoint on the 3Commas API to act. Before you decide on the action that you want to take, make sure that the action is available on the . coins smart_trades 3Commas API Before you start, you need: . A LunarCrush API key , which requires signing up for their dashboard service. You can create a key with a 3-day trial account to test it out. A 3Commas API key Writing a Simple Python Script to View Coin Data We’ll be using Python as our scripting language, but you can see several other language examples in the . For brevity, we’ll return only the top 2 coins and look at the JSON output. You can, of course, pull the top 10 or top 20 coins and review them. LunarCrush documentation The sort and limit parameters can be used on the coin endpoint to perform the query. Since the galaxy_score sort value sorts with the most popular asset first, you can use it with a limit value of “2” to get the top two assets. The following code snippet uses the API to pull the top 2 coins based on their Galaxy Score and prints them to the screen: import requests
import json


# Define the URL for lunarcrush and set the authorization header. 
# This header is standard when passing keys to an API and must be present to
# successfully execute queries against the API.

apiUrl = "https://lunarcrush.com/api3/coins?sort=galaxy_score&limit=2"
headers = {"Authorization":"Bearer <your_api_keys>"}
response = requests.request("GET", apiUrl, headers=headers)

print(json.dumps(response.json(), indent=2)) The print command displays: {
"data": [
    {
      "id": 72743,
      "s": "SUZUME",
      "n": "Shita-Kira Suzume",
      "p": 3.8585999e-06,
      "v": 400666.64,
      "pc": -8.82,
      "pch": -3.15,
      "mc": 0,
      "gs": 68,
      "gs_p": 48,
      "ss": 824467,
      "as": 3.354166666666666,
      "sv": 1261,
      "c": 79,
      "sd": 0.2051035394961736,
      "d": 0,
      "acr": 750,
      "acr_p": 30,
      "tc": 1660255200,
      "categories": "defi,erc20,meme"
    },
    {
      "id": 483,
      "s": "BOMB",
      "n": "BOMB",
      "p": 0.21063406,
      "v": 131720.37,
      "pc": 8.72,
      "pch": -0.88,
      "mc": 172195,
      "gs": 67,
      "gs_p": 36.5,
      "ss": 186953,
      "as": 3.7999999999999994,
      "sv": 60,
      "c": 5,
      "sd": 0.005897728801816271,
      "d": 1.7071053333987078e-05,
      "acr": 160,
      "acr_p": 428,
      "tc": 1567036800,
      "categories": ""
    }
  ]
} The gs value is the Galaxy Score metric, so as you can see SUZUME is the first asset listed with a Galaxy Score of 68. BOMB is the next asset with a Galaxy Score of 67. We can step through each of these values to act as the 3Commas API. The first step is to add a loop to the code to iterate through each asset. In this example, the name of the asset and its Galaxy Score are printed but will be replaced with 3Commas API action calls: import requests
import json

# Define the URL for lunarcrush and set the authorization header. 
# This header is standard when passing keys to an API and must be present to
# successfully execute queries against the API.

apiUrl = "https://lunarcrush.com/api3/coins?sort=galaxy_score&limit=2"
headers = {"Authorization":"Bearer <your_api_keys>"}
response = requests.request("GET", apiUrl, headers=headers)
res = response.json()

print(json.dumps(response.json(), indent=2))


# Loop through each coin in the response
for coin in res['data']:
    print("name: ", coin['s'])
    print("galaxy score: ", coin['gs']) Now that you’ve tested the LunarCrush API, you can add code to act on the 3Commas API. We’re doing a simple trade in the following code with the new 3Commas code bolded: import requests
import json
import os
from py3cw.request import Py3CW

p3cw = Py3CW(
key='<your_3commas_key>',
secret='<your_3commas_secret>',
request_options={
'request_timeout': 10,
'nr_of_retries': 1,
'retry_status_codes': [502]
}
)


# Define the URL for lunarcrush and set the authorization header. 
# This header is standard when passing keys to an API and must be present to
# successfully execute queries against the API.

apiUrl = "https://lunarcrush.com/api3/coins?sort=galaxy_score&limit=2"
headers = {"Authorization":"Bearer <your_api_keys>"}
response = requests.request("GET", apiUrl, headers=headers)
res = response.json()


# Loop through each coin in the response
for coin in res['data']:
    # Send the coin information to 3Commas and make a purchase
    error, data = p3cw.request(
        entity='smart_trades_v2',
        action='new',
        payload={
            "account_id": your_account_id,
            "pair": "<your_pair>",
            "instant": "true",
            "position": {
                "type": "buy",
                "units": {
                    "value": "0.01"
                },
                "order_type": "market"
            }
        }
    ) In this code snippet, the p3cw 3Commas wrapper simplifies all the calls to the API. The “entity” can be one of several listed in the . In each of the entity helpers, you can read how to send a payload (command) to the API to act. In this example, trade is done using the smart_trades_v2 endpoint, but you can also make changes to a bot, your account, deals, and the marketplace. wrapper documentation You can add a filter to drill down even further. It’s not enough to pull only coins with the highest Galaxy Score for some traders. You might want a coin with a high trading volume, market cap, or one within a specific category. This filter would be programmed in your Python script, so it takes some extra development. Let’s take the script and edit it to only work with coins in the NFT category. import requests
import json
import os
from py3cw.request import Py3CW

p3cw = Py3CW(
key='<your_3commas_key>',
secret='<your_3commas_secret>',
request_options={
'request_timeout': 10,
'nr_of_retries': 1,
'retry_status_codes': [502]
}
)


# Define the URL for lunarcrush and set the authorization header. 
# This header is standard when passing keys to an API and must be present to
# successfully execute queries against the API.

apiUrl = "https://lunarcrush.com/api3/coins?sort=galaxy_score&limit=50"
headers = {"Authorization":"Bearer <your_api_keys>"}
response = requests.request("GET", apiUrl, headers=headers)
res = response.json()


# Loop through each coin in the response
for coin in res['data']:
    # The chosen filter is to only work with coins in the NFT category, 
    # so eliminate anything that isn't an NFT
    # You can use any filter you want from the LunarCrush categories
    if coin['categories'].find('nft') > -1:
        # Send the coin information to 3Commas and make a purchase
        error, data = p3cw.request(
            entity='smart_trades_v2',
            action='new',
            payload={
                "account_id": your_account_id,
                "pair": "<your_pair>",
                "instant": "true",
                "position": {
                    "type": "buy",
                    "units": {
                        "value": "0.01"
                    },
                    "order_type": "market"
                }
            }
        ) The newly added lines of code are bolded. It determines if the asset is in the NFT category before processing it on the 3Commas API. You can filter trades even further using any of the data points returned by LunarCrush. Here is the output using a coin with its annotations to describe values you’ll find in the API: {
      id: 11880 LunarCrush internal ID for the asset,
      s: RAY symbol,
      n: Raydium Protocol name,
      p: 0.65456285 Price,
      v: 27393233.82 Volume (USD),
      pc: 6.9 Percent change (24 Hours),
      pch: -1.04 Percent change (1 Hour),
      mc: 87523220 Market cap,
      gs: 70.5 Galaxy ScoreTM,
      gs_p: 40.5 Galaxy ScoreTM previous 24h,
      ss: 59960 Social score/engagement,
      as: 4.029166666666666 Average sentiment - using a scoring system from 1 to 5 with 1 being very bearish and 5 being very bullish,
      sv: 63 Social volume/mentions,
      c: 14 Social contributors (24 hours),
      sd: 0.014487283164701735 Social dominance,
      d: 0.008159268441644609 Market dominance,
      acr: 198 ALTRankTM,
      acr_p: 515 ALTRankTM previous 24h,
      tc: 1619553600 Time created,
      categories: defi, solana,
        
    } LunarCrush returns the highest-scoring datasets by default, meaning that the default sort order is the highest Galaxy Score coin to the lowest Galaxy Score coin. The limit is set to 50 in this latest example, so the top 50 coins based on Galaxy Score are returned. You may at some point want to get the lowest value Galaxy Score coins, so you can reverse the sort order using the “desc” parameter. Here is the same code, but in descending order: import requests
import json
import os
from py3cw.request import Py3CW

p3cw = Py3CW(
key='<your_3commas_key>',
secret='<your_3commas_secret>',
request_options={
'request_timeout': 10,
'nr_of_retries': 1,
'retry_status_codes': [502]
}
)


# Define the URL for lunarcrush and set the authorization header. 
# This header is standard when passing keys to an API and must be present to
# successfully execute queries against the API.

apiUrl = "https://lunarcrush.com/api3/coins?sort=galaxy_score&limit=50&desc=1"
headers = {"Authorization":"Bearer <your_api_keys>"}
response = requests.request("GET", apiUrl, headers=headers)
res = response.json()


# Loop through each coin in the response
for coin in res['data']:
    # The chosen filter is to only work with coins in the NFT category, 
    # so eliminate anything that isn't an NFT
    # You can use any filter you want from the LunarCrush categories
    if coin['categories'].find('nft') > -1:
        # Send the coin information to 3Commas and make a purchase
        error, data = p3cw.request(
            entity='smart_trades_v2',
            action='new',
            payload={
                "account_id": your_account_id,
                "pair": "<your_pair>",
                "instant": "true",
                "position": {
                    "type": "buy",
                    "units": {
                        "value": "0.01"
                    },
                    "order_type": "market"
                }
            }
        ) Try out both code snippets to see the difference in your dataset. We limit it to 50 coins, but you can leave the parameter empty to return all coins or limit your dataset even further.** ** While this is a simple script, you can get much more creative and complex by writing your bots in the language of your choice. The two APIs offer a flexible way to control your trade activity to optimize your profits and lower your overhead. For example, you could write a script that continually polls the LunarCrush API for the best opportunities and automatically performs trades without lifting a finger. Lower Your Research and Immediately Capitalize on Asset Opportunities Building with LunarCrush introduces opportunities that you might not know without hours of research and constant monitoring. Let LunarCrush help you simplify and automate your discovery process, and use it to automate trades against any bot interface. Check out what’s happening in the market__ now, or . sign up to get started

Your First Simple Crypto Trading Bot Using LunarCrush and 3Commas

Case Example and recommended treatment Def. Syndrome: a set of symptoms or conditions that occur together and suggest the presence of a certain disease problem or an increased chance of developing the disease problem. Since the Terra-Luna crash, many users in DeFi have developed a special crypto syndrome related to their recently acquired knowledge about the events that happened with these two tokens some months ago. If you are just awakening from a comma or arrived from an island without internet, you just need to know for now that Luna peaked at $119 and crashed to near zero at the beginning of May this year, wiping out some billions of dollars generating a cascade effect in the whole crypto ecosystem. Due to this newly developed crypto syndrome many users or investors, in the process to decide if they purchase a token, tend to draw a permanent comparison between the token researched and the Terra-Luna tokens. These are some typical conclusions: If the price has fallen exponentially, then it’s likely to be as Luna If the supply is elastic is using the same dynamics as Luna If there is a stable that depegs and it’s elastic, it’s like Luna. This kind of reasoning leaves aside any objective comparison. Blockchains are complex systems of persons, code, ideas and values, vision, tokenomics design, governance, technology, and use cases. Drawing this kind of conclusion is not different from saying: “I live in a democracy because I can go and vote for a 3rd party that will take decisions for me every 4 years”… But don’t worry, the treatment for this syndrome is free, good for the soul and no vaccination is required, so these are my personal recommendations: 1.- what is cognitive bias, know yourself and be curious. There is a good example in this recently published article also in . Learn Hackernoon 2.- about the blockchain/token you are interested in, and check the facts (block explorers, governance votes, systems in force, development status, risk assessments, others…) Read 3.- the underlying facts that lead to the consequences in Terra-Luna Research 4.- in the official channels of the token researched questions that include the similarities you have found to be informed. Ask politely With this easy treatment, you will be able to draw conclusions in a rational way, and in a Fearless mode. You will be able to move in the DeFi world with your own based opinion and knowledge, and you will have arguments to back your conclusions. It will also allow you to make productive decisions in your DYOR process, without dismissing projects with amazing growth potential. Case Example: Terra-Luna vs XOR or XSTUSD Since the last may events in relation to LUNA, I have noticed an increasing number of users questioning in the official SORA channels where I participate, if the XOR or XSTUSD tokens are the same as Luna. Curiously, in the previous 12 months, nobody suggested at any moment any similarity between both networks. It’s pretty clear that many users have come to an “ex-post” assumption due to a price behavior simplistic comparison. So let’s take a look at the underlying facts, as part of the recommended treatment for the syndrome. The Vision and Objectives While Terra-Luna (by the way, Earth-Moon translated from Spanish to English) is a stablecoin proposal with a double token system, based on the whitepaper Segnoriage Shares by Roger Sams with the double token system dynamics explained in the paper, SORA is both a supranational New World Economic System (NEWO)  that decentralizes the concept of a central bank as well as a network in the Polkadot ecosystem that will connect to the Polkadot relay chain and the parachains with built-in tools focused on DeFi, designed for the common good. In other words, Terra proposes an algorithmic stablecoin use case where you can benefit both from the volatility absorbed by the Luna token and the stability of the USDT. In SORA, the value proposition is a new crypto economic system that can boost countries’ GDP to the next level, being the XSTUSD just one of the many use cases available. The Governance differences With the majority of users and investors focusing on tokenomics design to forecast a price chart, little attention is paid usually to the governance of the Network. The SORA community is actually using the on-chain Polkadot governance interface for the key decisions about money allocation for productive purposes, while an optimal democratic system is in development: The SORA Parliament. In Terra-Luna, many times marketed as a Decentralized Finance service, the founder Do Kwon has managed (through the shadow foundation LFG where the community doesn’t participate)  to mint millions of $USDT and give them away to the Anchor protocol, in order to provide a very attractive 20% yield that will attract all the DeFi users looking for a safe haven, with one of the highest and persistent yields from all available options both in crypto and fiat worlds. This situation propitiated an attack vector that was later exploited. The Elasticity concept Interestingly, the Terra-Luna elasticity dynamics with respect to supply have been described on several occasions as a decentralized bank with an algorithmic monetary policy. Not considering that the allocation of the money created is as much important as the same act of money creation. With respect to XOR, the elasticity of the supply is a consequence of 2 facts: The algorithmic Token Bonding Curve is designed for  price forward guidance once reserves are depleted The decisions are taken by the community regarding the new fund’s allocation But regarding the XSTUSD vs Luna  comparisons, the syndrome appears stronger: they must be the same because you mint one token to demint the other one…Some funny journalists have confirmed that LUNA has a dynamic supply of 1 billion coins. The Peg In Terra-Luna, the minting and deminting take place when arbitrageurs purchase or sale tokens for profit, with an incentive system designed to equilibrate the demand and offer with respect to a $1 target price. If the incentive disappears, peg is lost. If the arbitrageurs conclude there is no potential profit, trust in the future of the stable disappears. Surprisingly, XOR currency doesn’t provide any economic incentive to mint or demint XOR for XSTUSD. This is simply driven by real demand or offer of the XSTUSD synthetic applying the exchange rate for the XOR-$ pair (DAI price feed) at any given moment. Given that XSTUSD is protected by a floor price governed by the community and will also be protected by a Token bonding Curve with reserves, a is not possible to perform. Soros attack type The Segnoriage vs the Common Good The Segnoriage is the profit made by the authority issuing a currency, especially the difference between the face value of coins and their production costs. In the case of XOR, the cost of minting or deminting XSTUSD is the same as swapping any other token (not considering slippage). SORA tokenomics are designed to revert the value generated by the use of the Network back to all the users, being therefore a global economic system designed for the common good of humanity. In a sense, Terra-Luna is acting like any central bank, because a fee (segnoriage) is applied just for the right to mint a coin. This kind of profit is not very different from paying miners for the coin they are minting. Post-Treatment considerations The idea is that many times our decisions ( I include myself here)  are usually based on concepts and ideas raised by mainstream crypto media. Just after the Terra Luna attack, hundreds of articles appeared advocating for fiat-backed stablecoins, claiming their “safety” and robustness. Elastic supplies are not new in crypto but are difficult to understand when users are biased with the BTC fixed supply vs Fiat Quantitative Easing policies. In the end, by following the suggested  recommendations: reading, learning, researching, and asking, at least you will be sure that you are taking your decisions based on your own ideas.

The Terra-Luna Syndrome in DeFi

When people first start getting into investing in the crypto scene, it usually begins with BTC or ETH. And the wild rollercoaster of market prices reaching new highs and then dipping into depressing lows is both the reason some people get hooked while others swear to never touch it again. Stablecoins, however, offer investors a seemingly safe, low-risk way to earn passive income with high APY—an alternative way to look at crypto investing, one that is profitable and stable, might as well call it a money glitch! At least that was the narrative for a little while among crypto bros and Redditors, and posts like these would get a lot of interactions, some of which go along the lines of “banks are scams, better to put all your money into stablecoins”. Don’t get me wrong, earning passive income from stablecoins is 100% a legitimate option, but treating them as the new banks is such an extremist viewpoint. And if there’s one good thing to come out of the massive Terra Luna crash, I’m glad it has made people open their eyes to the risks in this ‘low-risk’ investment. What Are Stablecoins and Why Invest in Them? If you’re late to the party, let’s touch upon the basics of stablecoins real quick. Stablecoins are crypto-assets that are designed to maintain a stable market price, usually pegged to a fiat asset like the US dollar. They have a few ways to achieve this purpose, the most common of which is to have the stablecoins backed by a reserve pool which can consist of fiat or other crypto-assets. There are other more experimental stablecoins that maintain their stability by using algorithms and smart contracts. Terra, or UST, is one of such stablecoins, and we’ll dive deeper into how it works later. So what really makes stablecoins an attractive instrument for earning passive income? Well, consider this: the interest rate for banks is very limited, specifically falling around in America according to the Federal Deposit Insurance Corporation. Even the best rate you can find out there would fall in the range of 0.7%. In contrast, the annual yield rate one can get from stablecoins can be up to 12%. And it’s the icing on the cake that stablecoins’ value is likely to remain, you know, stable. 0.06% APY The Terra-Luna Crash Back in May 2022, the whole crypto market suffered a severe crash which was a result of the stablecoin TerraUSD (UST) losing its peg to the US dollar. Terra is an algorithmic stablecoin, using a series of smart contracts to maintain its value. It does this by having its volatile counterpart Luna acting as a , which is automatically bought or sold to adjust the supply of UST. balancing mechanism The whole crash began when one or two arbitrageurs bought a massive amount of UST with Bitcoin, then dumped it on the market. This was done on a low-liquidity weekend on Anchor Protocol when LUNA was most vulnerable. Many people suspected this act to be a planned attack by a hedge fund, but nobody really knows for sure. The massive trade created selling pressure of LUNA, so the Luna Foundation Guard had to sell all of its reserve assets to recover the value of UST. But this effort was unsuccessful and the whole Terra chain was still experiencing a liquidity crisis. On top of that, people were panic selling their USDT and LUNA, causing LUNA’s price to go from $86 to $0 in 10 days. Thus, UST also loses all its value. The Terra-Lunar crash is widely considered one of the biggest disasters in cryptocurrencies’ history. Public figures like the YouTuber KSI got his 2.8 million investment turned into $1,000 before he could react, and many normal everyday people who either invested in LUNA or held UST to earn passive income had their lives ruined. The Lesson Learned: No Investment Is Without Risk The Terra-Luna crash really made people reconsider their definition of ‘stablecoins’, perhaps even unjustifiably so as there are many other stablecoins that utilize a completely different method to maintain their pegged value. But those who used to see stablecoins as a safe haven to dump all their money into for that sweet APY percentage should have realized by now that there are many other risks involved in it. For instance, a popular method to earn passive income is to deposit stablecoins into a lending exchange. However, the liquidity in these lending platforms is frequently loaned out on a large scale, so when there is a market crash such as this one, it’s totally possible that some parties are incapable of paying back. Other risks include cyber hacks targeted at a personal account or a lending platform. With regards to personal accounts, it goes without saying that the responsibility lies solely on the individual to protect themselves. Using different email addresses for different platforms, strong passwords and 2FAs are recommended. Attacks that aim at the lending platforms, on the other hand, are way out of any individual’s control. This alone should be a good reason to not put all your eggs into stablecoins because most lending platforms don’t have insurance coverage. This is not to say that stablecoins are bad and you shouldn’t invest in them. But don’t make the mistake of seeing stablecoins as a separate entity from the crypto world unbothered by its rules and chaos. No investment is without risk, only invest what you’re prepared to lose!

The Terra Luna Crash is a Warning for Investors to Keep their Eyes Open

Terra Luna: An Introduction Terra Luna is a cryptocurrency token that was launched by the in July 2019. The Terra Luna token is the native token of Terra, a blockchain that was developed by a Korean-based firm known as Terraform labs. The token which was formerly known as Terra Luna $LUNA is now known as Terra Luna Classic $LUNC. The asset is now famous for the crypto crash that occurred in May of 2022: the token which sold as high as $80 per $LUNA is now currently $0.0001074 per $LUNC on as of the 20th of July 2022. Terra community CoinMarketCap was built with the intention of offering users the stability of fiat currencies while harnessing the power of blockchain technology for settlements that were faster and cheaper than the regular payment solutions. The Terra Luna token was widely accepted because it was backed by its algorithmic stablecoin sister token which is known as the Terra Classic USD $UST. In December 2021, Terra overtook the BNB smart chain to become the second largest DeFi protocol with more than $20 billion invested in the network across its applications. At some point, $LUNA sold for over $100 until the May Terra Luna crash that shook the world of cryptocurrency, leaving many in heavy financial losses. Terra as a platform Table of Contents How Terra Luna Works The Terra Luna Crash 1.0 The Terra Luna Crash 2.0 Speculations: What Happened To Terra Luna? The Impact of The Terra Luna Crash How Terra Luna Works that powers a group of algorithmic stablecoins which are designed to maintain their pegs with the LUNA token. One of these algorithmic stablecoins is the Terra Classic USD which maintains its peg to the US dollar through a network of investors that buy the Terra Luna Classic token. The way it works is that before you buy UST, you have to mint some $LUNA. You pay the going rate in $LUNA and the LUNA tokens are burnt. The supply of $LUNA is reduced and the price goes up. On the other hand, if you want to mint LUNA, you convert $UST coins. The stablecoins are burnt and the price of $UST goes up. Terra is a Cosmos-based protocol The profits from the variation in prices of the Terra Luna Classic token and its sister token the Terra Classic USD goes to the arbitrageurs on the Terra network. Apart from helping the maintain $UST peg to the US dollar, of being the payment method used for transaction fees in the Terra network's gas system. This makes $LUNA a utility token on the Terra ecosystem. In addition, the Terra Luna Classic token can be staked for a profit. Apart from the profit that $LUNA gives its holders, it enables them to create and vote on different proposals with changes regarding the Terra protocol.The Terra Luna Classic token also serves as a regulatory mechanism for the demand of stablecoins that are pegged to the token. Terra Luna serves the key function Terra Luna Crash 1.0 In May 2022, social media platforms like Reddit and Twitter were on fire with comments from crypto holders and analysts. The Terra Luna Classic token which was then known as from a price of over $100 per $LUNA to less than $1. The Terra Luna token had a large market cap and was considered a worthwhile investment by holders until sometime between the 11th and 12th of May 2022. The unexpected happened: within 48 hours, $LUNA crashed from $120 to $0.02. This was a significant record of loss in the crypto industry. There was a 99.9% correction and subsequently, $LUNA dropped to reach $0.00000112 against BUSD, the last trading pair to be delisted by crypto exchanges. Terra Luna had crashed When $LUNA crashed, its with its value diving from a dollar to a few cents. On the 12th of May 2022 by 8:00 UTC, Binance Futures announced the delisting of $LUNA and automatic settlement of perpetual contracts. Binance Futures also updated the margin tiers of the USDT-Margined LUNA contracts and reduced maximum leverage to 8x. The popular exchange platform also temporarily suspended the withdrawals of $LUNA and $UST. In the days that followed, the CEO of Terraform Labs by the name of Do Kwon proposed a solution for the depegging of $UST and devaluing of $LUNA. A $1 billion $UST burn would decrease the supply of UST and restore the stablecoin's peg. In the meantime, more people were buying $LUNA partly because they believed in the ability of the token to bounce back and partly to reduce their financial losses. sister token $UST was depegged The Terra Luna Crash 2.0 Terra Luna Classic would crash again, although this time with less effect. The $UST burn didn't prove to be completely effective in getting the token back to $1, so Do Kwon . Terra Luna would have a new version known as Terra Luna 2.0 ($LUNA) while the old version would be known as Terra Luna Classic($LUNC). A $LUNA airdrop would also be conducted to reward old holders. Terra Luna 2.0 launched on the 28th of May 2022 and recorded falls in price over the next few days. at a price of $19.53 and subsequently collapsed to about $4.39 some hours later. In May, the price bounced back to $5.90 but with a consequent loss of trust in Terra Luna. announced a new plan $LUNA reached its peak Terra Luna as of June 2022 dropped significantly to $3.30 from a high of $4.50. According to a , there were indications that the token could go as low as $1.20 if it printed a sustained four-hour candlestick close below the $3.30 level. This analysis was based on a Fibonacci retracement indicator. The analysis turned out to be close to the truth: as at the 22nd of July 2022, the Terra Luna is at $1.93 per token on CoinMarketCap. This is a significant loss for a token that once sold for almost $20 and the reason why the Terra 2.0 crashed is clear. Investors lost trust in the token and sold their airdrops, even at low rates. There were many speculations about the crash and fewer people were willing to put their money in $LUNA and $LUNC. FX Street report valued Speculations: What Happened To Terra Luna? There are so many speculations about how Terra Luna crashed, but one major speculation is that there were of the Terra Classic USD $UST. Going by that theory, in early May there were some large $UST withdrawals on the Terra ecosystem. These withdrawals increased the supply and brought the price of $UST down. As the price of $UST lowered, investors panicked and began to sell. As $UST was sold, $LUNA was minted and the price of the token fell drastically. The Terraform Luna was constantly being produced to keep $UST steady in price, but in the long run, both tokens crashed. massive sellouts There are some speculations that Terra Luna and the Terra Classic USD model are not sustainable. The Terra Classic USD $UST is an that depends on $LUNA to maintain its peg to the US dollar. In theory, $1 of $LUNA is supposed to be exchanged for $1 worth of UST. However, when market volatility forces are in place for algorithmic stablecoins, crashes are bound to happen. This is because instead of being backed by cryptocurrencies or fiat currencies, stablecoins like UST depend on the forces of demand and supply. $LUNA as a token was affected because its price was dependent on the value of $UST. algorithmic stablecoin The Impact of The Terra Luna Crash The Terra Luna crash shook the crypto industry: many lost their life savings and there and hiding from their friends whom they convinced to invest in $LUNA. Investors saw their money move from thousands of dollars to a few cents in the space of a few days. Terra Luna had a value of over $40 billion but today it has lost value and trust of investors. More than against Do Kwon and the US Securities and Exchange Commission opened its own investigation into the matter. In South Korea, the investigation of Terra Luna's collapse is being led by a special financial crimes unit with the prosecutor's office in Seoul. Former employees of Terraform Labs in South Korea are banned from leaving the country during these investigations. were reports that some investors were suicidal 2000 investors filed a class action lawsuit The Terra Luna crash was a in the world of cryptocurrency: it drove home the point that cryptocurrency in any form would always be volatile. Investors who believed in the ability of $UST to remain pegged to the US dollar lost faith in $UST and became more wary of Tether $USDT. The suspicion that not all stablecoins are actually backed by reserves resulted in less trust for cryptocurrency stablecoins and tokens in general. Cryptocurrency critics had a field day describing cryptocurrency as a Ponzi scheme in which investors had been played, not once but twice with the token. defining moment Terra Luna The cryptocurrency industry as a whole suffered, losing investors and over $400 billion in value in terms of crypto market capitalization. : This article is written based on research and timelines of events. No personal opinion of any HackerNoon staff was employed in the course of article documentation. If you intend to get involved in any cryptocurrency investment, do your own research before purchasing any token or stablecoin. Disclaimer

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