EXswap: The Benefits of Terra (Luna) Network expands beyond the Cosmos

It's hard to look at the current market performance and not conclude that Terra's native token Luna continues to deliver time and time again. From retaining most its value to now going on another bullrun.

Throughout this entire period project launches haven't ceased to continue to emerge or announce that they will be joining Terra's ecosystem. Over the past 5 years I don't think there has been a busier blockchain.

All this continued work is driving interest and investment into Tarra's native token Luna which has one thing in common with many projects and protocols on Terra (Luna) Network. They all focus on utilising UST rather than their own native tokens other than for governance.

Just about everything is paired to UST and there is a reason for it the more UST is used the higher the price of Luna. This is also working in favour of many protocols own projects with stability.

Stability is important

One thing that is yet to be seen on Terra (Luna) Network and as the blockchain progresses probably wont occur is massive runaway prices with many projects undertaking fair launches.

The pegging to UST also means native token prices are secured rather than highly volatile and all this means that there aren't as many people buying in at 1c selling at $100 and running away with the LP.

Whales who dump take profits but those profits aren't as large as what we are used to on BSC and Ethereum meaning projects are more sustainable.

There are still plenty of large profits to make Local Terra recently launched at 0.02UST and peaked at 0.08UST before coming back down and sitting on 0.07UST. In short, projects have a higher chance of success and long term viability on Terra (Luna) Network.

Terra's reach is growing

But Terra isn't just making an impact on it's own network its rapid expansion of UST has meant those benefits have been felt right across the Cosmos ecosystem.

Having UST across multiple blockchains means many projects can provide themselves with security and this has been paying off for Terra (Luna) Network participants.

For many who receive support from TerraForm Labs there is only two requests the first being that the projects selected help to grow the network and support the uptake of UST.

The other is to reward LUNAtics who believe in the blockchain and help secure it by validating the network and staking. This is done through airdrops which is a smart move.

Although many projects complain that many people who receive the airdrops just sell and buy more Terra it is creating a cycle in itself to help grow the network.

Selling the airdrops creates taxes which also creates buy pressure which increases community funds which then goes out to fund the next emerging project. It is an impressive feature of the network and well done to Do Kwon for putting it in place.

Exswap rewards Luna stakers

EXswap is one of those projects which has benefitted from TerraForm Labs and will be delivering an airdrop to Luna stakers. Other protocols that have also followed are Secret Network and Desmos just to name a few.

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But lets take a quick look at the emerging Evmos Exchange Swap (AMM) noting that there currently isn't much information and their website is static at current.

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What is Exswap?

I feel that this protocol doesn't require a heavy introduction or a breakdown of what it is because EXswap is a fork of Uniswap V2 with the only real difference being a cross chain, faster and cheaper version of it.

I will state on thing though, this is how Ethereum dies. We are all familiar with the high GAS costs and while many complain Ethereum still has a cult following and a lot of community support.

But overtime that TVL in the Ethereum ecosystem will reduce as people leave to invest in other blockchains and as mainstream takes hold. New to Crypto players will not be paying high GAS fees and things like EXswap will be a go to exchange.

There are a number of airdrops available to Cosmos stakers as well and if you want to see if you're eligible you can read their airdrop medium article and I would recommend getting involved with their official Discord as their supporters are going to receive the largest % airdrop.

What are your thoughts?

Image sources provided supplemented with Canva Pro subscription. This is not financial advice and readers are advised to undertake their own research or seek professional financial services

Posted Using LeoFinance ^Beta