Top 3 Terra2 whales: A new, more detailed analysis of Do Kwon's personal wallet holdings (20mil Luna, 2% of all supply) and monthly growth (410k USD per month, 2% of all Terra2 transactions being paid to Do):
https://medium.com/@CryptlockHolmes/do-kwon-third-biggest-whale-in-terra2-4f93c1c85ef3 …
@stablekwon would love some answers!
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@FatManTerra@stablechen@Galois_Capital@pedroexplore1@TheMoonMidas@AlgodTrading thought you guys might be interested in this2 replies 1 retweet 11 likesShow this thread -
Replying to @CryptlockHolmes @FatManTerra and
Is holding 2% of a chain that unreasonable? 2% voting power? Sounds pretty decentralized to me
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Replying to @hedgefunder01 @FatManTerra and
One man owning 1/50th sounds decentralized? 2% of transaction fees going to a single man who got rich from creating something that wrecked so many others. Why not give those fees away to the community, to recoup losses and provide projects with runway money so they can rebuild?
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Replying to @CryptlockHolmes @FatManTerra and
330m Luna has been ‘given away’ to the the community pool, no? Do’s 2% of 7% of inflation is hardly very significant?
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Replying to @hedgefunder01 @FatManTerra and
Staking yield is around 12-14%. That’s roughly 2mil Luna per year, or 4mil USD at $2. Could be very significant for the community since the airdrop barely recouped any losses and the emergency fund is barely enough for most teams to survive after losing all funds.
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Replying to @CryptlockHolmes @FatManTerra and
Fair but by the same measure there’s 330m Luna or $660m dollars sitting there allocated to the community and builders plus the additional initial builders funding of $30m. I get people like to shit on Do but keep things in perspective
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Replying to @hedgefunder01 @CryptlockHolmes and
Bear in mind that the Community Pool is controlled via governance voting - whoever has the votes can decide where all of that money goes - and TFL, by their own mandate, is not supposed to vote...
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Replying to @FatManTerra @CryptlockHolmes and
Agreed but Do ≠ TFL and really not sure 2% voting share can decide anything
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That's wordplay - the CEO of TFL (who treats most employees like lapdogs) voting is of significance when the public messaging is 'TFL does not vote' - major conflict of interest issues at play there
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