TGinvest
Entusiasta cripto, Administrador, Bancário, Investidor (mais de 5 anos).
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Congratulations on the clarity of the information and very well written text.
Ondo Finance and the traditional financial giants behind it
Early before the token unlocking proposal was announced, Ondo Finance announced a community loyalty points program and would work with Mantle and Solana to introduce USDY to its blockchain. Just after announcing the token unlocking, Ondo Finance announced again on the 23rd that it would expand its business to the Asia-Pacific region and open its first office in Hong Kong. After that, it also published an ecosystem directory on its official website, disclosing its partners in liquidity, custody and other key areas, among which asset management trust companies include traditional financial giants such as Morgan Stanley, BlackRock, Ankura Trust, Clear Street and NAV Consulting.
Ondo Finance was supported by institutions such as BlackRock and Morgan Stanley as early as its inception, and also received investment from top venture capital institutions including Founders Fund, Pantera Capital and Coinbase Ventures.
Crypto analyst McKenna publicly stated on social media that he is more optimistic about Ondo Finance as a "blue-chip RWA asset of the future" and said that "Ondo Finance has tokenized BlackRock iShares ETFs as a short-term U.S. Treasury bond fund and has innovated in stablecoin-backed cash equivalents."
In March last year, BlackRock CEO Larry Fink said in his annual letter to BlackRock shareholders that "BlackRock will continue to explore the digital asset ecosystem, especially in areas that are most relevant to our clients, such as permissioned blockchains and tokenization of stocks and bonds", and BlackRock's bet on Ondo undoubtedly provides an opportunity for it to enter the RWA field.
Currently, Ondo's Short-Term U.S. Treasury Bond Fund (OUSG) has a market value of US$111.5 million, second only to Franklin Templeton's Franklin OnChain U.S. Treasury Bond Fund and Mountain Protocol's Mountain Protocol USD (USDM), which are US$325.5 million and US$151.1 million, respectively.
Early before the token unlocking proposal was announced, Ondo Finance announced a community loyalty points program and would work with Mantle and Solana to introduce USDY to its blockchain. Just after announcing the token unlocking, Ondo Finance announced again on the 23rd that it would expand its business to the Asia-Pacific region and open its first office in Hong Kong. After that, it also published an ecosystem directory on its official website, disclosing its partners in liquidity, custody and other key areas, among which asset management trust companies include traditional financial giants such as Morgan Stanley, BlackRock, Ankura Trust, Clear Street and NAV Consulting.
Ondo Finance was supported by institutions such as BlackRock and Morgan Stanley as early as its inception, and also received investment from top venture capital institutions including Founders Fund, Pantera Capital and Coinbase Ventures.
Crypto analyst McKenna publicly stated on social media that he is more optimistic about Ondo Finance as a "blue-chip RWA asset of the future" and said that "Ondo Finance has tokenized BlackRock iShares ETFs as a short-term U.S. Treasury bond fund and has innovated in stablecoin-backed cash equivalents."
In March last year, BlackRock CEO Larry Fink said in his annual letter to BlackRock shareholders that "BlackRock will continue to explore the digital asset ecosystem, especially in areas that are most relevant to our clients, such as permissioned blockchains and tokenization of stocks and bonds", and BlackRock's bet on Ondo undoubtedly provides an opportunity for it to enter the RWA field.
Currently, Ondo's Short-Term U.S. Treasury Bond Fund (OUSG) has a market value of US$111.5 million, second only to Franklin Templeton's Franklin OnChain U.S. Treasury Bond Fund and Mountain Protocol's Mountain Protocol USD (USDM), which are US$325.5 million and US$151.1 million, respectively.
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#Terra Classic (LUNC)
LUNC
POS
LAYER 1
Currency stability USTC = AME DOLLAR; increases or decreases lunc circulation to maintain this parity.
There was a compromise in 2022, which shook confidence in its ecosystem when it was still using the LUNA and UST tokens. After the Fork it changed to LUNC and USTC.
Currently (December 2023) the price of USTC/USD is at 0.3, which means that Terra Classic will have to issue a lot of LUNC to generate buying demand and stimulate an increase in the price of USTC until it is worth 1 USD. Which will cause a massive drop in the prices of the LUNC asset.
Sorry for any mistakes, I was writing in a hurry!
Thank you for reading this far.
Special thanks to these people who share their vast knowledge, I learned much more from them:
@Learn_With_Fullo @Up Chain - Crypto Analytics @koinmilyoner @spidoo
$LUNC
LUNC
POS
LAYER 1
Currency stability USTC = AME DOLLAR; increases or decreases lunc circulation to maintain this parity.
There was a compromise in 2022, which shook confidence in its ecosystem when it was still using the LUNA and UST tokens. After the Fork it changed to LUNC and USTC.
Currently (December 2023) the price of USTC/USD is at 0.3, which means that Terra Classic will have to issue a lot of LUNC to generate buying demand and stimulate an increase in the price of USTC until it is worth 1 USD. Which will cause a massive drop in the prices of the LUNC asset.
Sorry for any mistakes, I was writing in a hurry!
Thank you for reading this far.
Special thanks to these people who share their vast knowledge, I learned much more from them:
@Learn_With_Fullo @Up Chain - Crypto Analytics @koinmilyoner @spidoo
$LUNC
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Analogy according to AI.
In discussion with some friends, we decided to test the analogy power of the AI Bard, which responded impressively.
Continue the analogy: bitcoin created the medium of exchange without an intermediary, ethereum created an environment for this exchange through applications, what did polygon, solana, xrp, others do?
Response:
Bitcoin: Creates a medium of exchange without an intermediary, as if it were a physical currency.
Ethereum: Creates an environment for this exchange, as if it were a market.
Polygon: Improves scalability and reduces the cost of this change, as if it were a wider, paved road.
Solana: Increases the speed of this exchange, as if it were a road with more lanes.
XRP: Facilitates the exchange between different currencies, as if it were a translator.
Others: They offer new functionalities and applications for this exchange, as if they were new products and services.
In short, we can say that Bitcoin is the base, Ethereum is the middle, and the other projects are complements or extensions.
In discussion with some friends, we decided to test the analogy power of the AI Bard, which responded impressively.
Continue the analogy: bitcoin created the medium of exchange without an intermediary, ethereum created an environment for this exchange through applications, what did polygon, solana, xrp, others do?
Response:
Bitcoin: Creates a medium of exchange without an intermediary, as if it were a physical currency.
Ethereum: Creates an environment for this exchange, as if it were a market.
Polygon: Improves scalability and reduces the cost of this change, as if it were a wider, paved road.
Solana: Increases the speed of this exchange, as if it were a road with more lanes.
XRP: Facilitates the exchange between different currencies, as if it were a translator.
Others: They offer new functionalities and applications for this exchange, as if they were new products and services.
In short, we can say that Bitcoin is the base, Ethereum is the middle, and the other projects are complements or extensions.
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Hold tight, it's time to test funds and hearts.👍
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Is Crypto a Bubble?
Yes and no !
If we follow certain projects calmly, we will realize that there are two values to consider, the value generated by its usability and the other generated by speculation. When Warren Buffett chooses his shares he first researches the intrinsic value, that is, the value that the business is really worth and if it is cheaper he buys it. In Brazil, Luiz Barsi (who in 2022 earned the equivalent of 1 million reais or USD 200,000.00 per day) chooses his shares in a very similar way with a different objective, he focuses on dividends, the company's consistency and its current moment and future based on the scenario that can be predicted.
If we follow certain projects calmly, we will realize that there are two values to consider, the value generated by its usability and the other generated by speculation. When Warren Buffett chooses his shares he first researches the intrinsic value, that is, the value that the business is really worth and if it is cheaper he buys it. In Brazil, Luiz Barsi (who in 2022 earned the equivalent of 1 million reais or USD 200,000.00 per day) chooses his shares in a very similar way with a different objective, he focuses on dividends, the company's consistency and its current moment and future based on the scenario that can be predicted.
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Analyzing more about Ripple I realized that it has a centralized structure with proof of work being carried out internally, it is in process at the SEC (pay attention to new developments), it has low adoption in relation to its peers due to these two previous factors. But, just as an institution that supplies energy to a state has controversial characteristics for peer institutions because it needs to be like this due to its business proposal, I realized that it needs to be centralized because its business involves transferring values between large companies and the Control of this needs to be CENTRALIZED and the responsibility of the institution itself and the fact that positive developments are occurring at the SEC can expand Ripple's visibility and operations beyond! Therefore, I conclude that the company is correct in using these tools in this way as it makes it more efficient than if it adopted other methods. But this is just my opinion, thanks for reading everything!
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