1/9 All smart contract blockchains have foundations to guide their development - but not Terra.
100% of Terra funding is up to community, must pass on-chain vote.
That's one reason Terra is more decentralized than the rest.
A ๐งต on Terra's industry-leading decentralization. ๐
100% of Terra funding is up to community, must pass on-chain vote.
That's one reason Terra is more decentralized than the rest.
A ๐งต on Terra's industry-leading decentralization. ๐
2/9 There's the Ethereum Foundation, Solana Foundation, Avalanche Foundation, etc.
They decide the future of their respective chains, not the community. This is how the founder and VC elites control blockchains.
But not Terra. No LUNA was given to VCs, team, or a foundation.
They decide the future of their respective chains, not the community. This is how the founder and VC elites control blockchains.
But not Terra. No LUNA was given to VCs, team, or a foundation.
3/9 Instead, 30% of LUNA was set aside for the community to allocate via on-chain governance.
The community will decide on partnerships, developer allocations, infrastructure spends, advertising spends, incentive programs, etc.
No elite founders and VCs in control.
The community will decide on partnerships, developer allocations, infrastructure spends, advertising spends, incentive programs, etc.
No elite founders and VCs in control.
4/9 The Terra community is a wide and diverse group of stakeholders, originally selected by the airdrop.
30% of LUNA went to the community pool, 70% went to the community itself.
Nothing for the team, VCs, or a foundation.
30% of LUNA went to the community pool, 70% went to the community itself.
Nothing for the team, VCs, or a foundation.
5/9 The airdrop wasn't just to a narrow group, like $ATOM stakers.
Airdrop was given to a very wide group of diverse entities, but they all have one thing in common.
They showed an interested in Terra Classic, and thus should be inclined to support Terra 2.0.
Airdrop was given to a very wide group of diverse entities, but they all have one thing in common.
They showed an interested in Terra Classic, and thus should be inclined to support Terra 2.0.
6/9 To ensure decentralization, the vesting program prevents airdrop recipients from leaving immediately.
Everyone's voice is needed for decentralization to work.
By the time vesting LUNA unlocks, Terra will have had a chance to prove itself, and people less likely to dump.
Everyone's voice is needed for decentralization to work.
By the time vesting LUNA unlocks, Terra will have had a chance to prove itself, and people less likely to dump.
7/9 Name another smart contract platform that:
โข airdropped 70% of supply to wide and diverse set of entities
โข gave remaining 30% to community to allocate via governance
โข retained chosen stakeholders through airdrop vesting
You can't. Terra is the only one.
โข airdropped 70% of supply to wide and diverse set of entities
โข gave remaining 30% to community to allocate via governance
โข retained chosen stakeholders through airdrop vesting
You can't. Terra is the only one.
8/9 Terra is simply the most decentralized smart contract platform in existence.
If decentralization is valuable then Terra is valuable.
Even if you're not a decentralization maxi, it makes sense to allocate a little to Terra. It offers something that no other blockchain has.
If decentralization is valuable then Terra is valuable.
Even if you're not a decentralization maxi, it makes sense to allocate a little to Terra. It offers something that no other blockchain has.
9/9 This thread was adapted from the inaugural Orbital Command Research Report.
As part of our mission to support the community, we now offer a series free research reports focusing on the chains where we validate.
Look out for future reports!
orbitalcommand.io
As part of our mission to support the community, we now offer a series free research reports focusing on the chains where we validate.
Look out for future reports!
orbitalcommand.io
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