Unfortunately, for many of us we will have no choice but to participate as the airdrop compensation will be vested for 2 to 4 years.
I also don't think what I get in compensation will be anywhere near the value of what I have lost.
It's great that developers are remaining but I fear that they won't have the retail investors to support them as a lot of people have been hurt. The impacts have been felt way beyond Terra with their dumping of Bitcoin.
I was talking to someone involved in finance who also has been following it. He said there is silver lining because it has shown how tiny the crypto marketplace is with a single asset causing a RECESSION.
Yes he believes that crypto is currently in a recession and may take a number of years to recover. A lot can happen in that time.
Terra also had a lot of mainstream investment firms involved so chances are they won't want to lose their investment and will pump more cash into it to get the management structures in place and a strong financial literacy strategy.
There is a chance that in 5 years time, Luna will bounce back. But in the short-term, No.
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Hmm, will the big wallets, VC's and founders airdrops be vested as well?
The thing is, the Terra blockchain itself was nothing special. It was just a Cosmos SDK chain, with an outdated version of Cosmwasm for its smart contract layer. Most of the projects built on it, could move fairly easily to JUNO, or OSMOSIS, or COMDEX or a multitude of other Cosmos chains with Cosmwasm (heck even HUAHUA has it.)
UST was Terra's unique feature - and that is broken. I don't personally see a replacement, collateralized "stablecoin: being trusted. IMHO, the brand is ruined completely.
Crypto bear market is here, for sure. It just remains to be seen how nasty it gets.
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Exactly, I was looking how to buy Juno. Looks like early days but I picked up a small amount of Atom.
I also got 200k Luna for the snapshot being taken next week on the 27th of May.
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Positives for JUNO is its really pretty decentralized - no VC's or pre-mines.
Downsides I see is its permisionless CosmWasm, meaning its a bit of a shitcoin factory and potential rug pull haven, and governance can get a bit toxic.
Just my opinion, you will find plenty that will disagree with these opinions
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I do believe the whole Cosmos is in a recession though. A lot of things were paired with UST. Who knows if it will recover though.
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