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Showing posts with the label ecosystem

Terra Allies’ Six Samurai team aims to revive the ecosystem

The Terra Allies senior full stack engineering team, known as the Six Samurai, has presented their Q3 spend proposal, emphasizing their deep passion as Luna Classic holders. After a joint governance proposal on liquid staking derivatives in Terra Classic (LUNC), a new proposal emerged for the next quarter suggesting the formation of a dedicated team consisting of six senior full-stack engineers. The Terra Allies senior full stack engineering team — known as the “Six Samurai” — has presented their Q3 spend proposal, emphasizing their deep passion as LUNC holders. With a firm commitment to achieving “a true revival of the ecosystem ,” the team pledges to dedicate their efforts and expertise toward this goal. Terra was originally an ecosystem with several moving parts. However, its TerraUSD (UST) stablecoin and LUNA asset faced catastrophe in 2022, causing vast changes to the project. Terra now has a new blockchain called Terra 2.0 with a new asset that is also called LUNA but referred ...

Shiba Inu: Here's why LEASH is important to the SHIB ecosystem

The Shiba Inu (SHIB) ecosystem has grown to new heights in just two years. SHIB has an ambitious goal, to play a significant role in the future Web3 revolution. It is developing its metaverse initiative as well as its network, Shibarium. SHIB has two offspring tokens, BONE, and LEASH. BONE is set to play a significant role in the upcoming Shibarium network. LEASH, on the other hand, grants its holders exclusive rights to claim land in the project’s future metaverse. However, many are uncertain about what LEASH is, and why it is important . What is Shiba Inu’s LEASH? LEASH was initially used to track Dogecoin’s (DOGE) price as a rebase token. The token is also named “Doge Killer.” Developers of SHIB, however, chose to convert LEASH into an ERC-20 token. Being an ERC20 token, LEASH is hosted on the Ethereum blockchain. Holders of LEASH tokens can stake their holdings in the liquidity pool in exchange for xLEASH. Intentionally created to be a rare ...