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1 – One can find their shill deck and write-ups pretty easily (docsend.com/view/9mvr5qq, agora.terra.money/t/analysis-of-), so I won’t linger on them. This thread is to further lay out my potential case for ~$2-5 USD / token before year-end.
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2 – Of the total 1 Bn tokens, only ~400 mm of it is in circulation today, 260 mm of which are sold to VC / institutions, 40 mm genesis liquidity, the rest a combo of founder vest, paid to alliance members, R&D, and community build…
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3 – …what I didn’t like is lack of transparency on how the remaining 600 mm will be issued, seems like there’s no schedule and is really at the team’s discretion. Maybe can shed some light on this. Most VC already vested & dumped except for last seed tranche @ Oct 2020.
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Replying to
Happy to! We had set aside 200M Luna as "stability reserve" to mint more Terra in case onchain expansionary monetary policy was not quick enough to catch up with demand, and 200M Luna as a marketing budget to incentivise partners to adopt.