Join the larget crypto conference of 2022 in Bitcoin
Bitcoin
$ 39,046

Dogecoin founder suggests Terra project to get out from the industry

0
(0)
Dogecoin founder suggests Terra project to get out from the industry 4

Billy Markus responded to the recent statement of Terraform Labs founder Do Kwon.

Billy Markus co-founded Dogecoin, with another developer Jackson Palmer, in 2013. Billy Markus is popularly known as Shibetoshi Nakamoto on Twitter. At present time, Billy actively promotes Dogecoin & crypto adoption in the world, but he is no longer in the Dogecoin project because he thinks that it is very tough to work as a developer.

On 14 May, Do Kwon, founder of Terraform Labs, took to Twitter and said that he is heartbroken in the crypto industry because of the recent collapse of the Terra Ecosystem.

Terra founder also said that no one made a profit with the collapse of Terra Ecosystem but surely the foundation will work to bring UST stable coin on the path with the use of reserved Bitcoin funds.

” We are currently working on documenting the use of the LFG BTC reserves during the debugging event. Please be patient with us as our teams are juggling multiple tasks at the same time.”

Kwon shared the link to all suggested plans by the Terra community and said that he will decide the perfect one after reading all the proposals for Terra revive the plan.

In response to these tweets of Terra founder, Dogecoin founder suggested Kwon stop doing more work to introduce new issues for the crypto investors, who already lost in Terra. And also suggested leaving this crypto Industry forever.

Mistakes by Terraform Labs

When UST & Luna was facing a huge downfall in the prices then in that situation, Team allegedly tried to sell huge numbers of Luna coins by minting new Luna in the Terra network.

On 13 May, Binance CEO stated that unlimited minting of Luna coins, outside the exchange, was a big fear and the majority of the crypto investors are unaware of this issue, so it was the duty of the Binance exchange to shut down trade support for Terra’ native tokens, to save the investors.

Read also: Binance resumes Luna & UST trading with trading caution

Dogecoin founder suggests Terra project to get out from the industry

 

https://bitcoinik.com/dogecoin-founder-suggests-terra-project-to-get-out-from-the-industry/feed/

https://bitcoinik.com/dogecoin-founder-suggests-terra-project-to-get-out-from-the-industry/feed/

 

 

 

 

 

Buy bitcoin and other cryptocurrencies on crypto exchanges  Binance ,  Coinbase ,  Kraken  and  Bitfinex !

 

swapnex.io

Cryptos OTC Trading Platformb- Idle coins earn interest

Ads by Cryptonews24

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

--------------------------Ads by Cryptonews24--------------------------------------
CocaCola Investing Platform

✅Brand new company platform launched 17/09/2022🔥💯

 

👉🏼Coca-Cola 👈

Don't miss Coca-Cola if you want to generate passive income.

It is a brand new company with stable and moderate income that will help investors earn money in the long run.

Say no!! on sites with high commissions, they only last a few days.

Coca-Cola is a legitimate company and supplies are standard.

https://cocacola66.vip/index/login/reg/invite_code/052091

$5 sign up bonus

-Minimum deposit $20
-Minimum withdrawal $10

Withdrawal time 0~10 minutes💯 ✅

Get 7% of your deposit everyday🔥
-Deposit 20, Get $1.5 Daily ✅
-Deposit 30, Get $2.1 Daily ✅
-Deposit 50, Get $3.5 Daily ✅
-Deposit 100, Get $7 Daily ✅
-Deposit 200, Get 14 Daily ✅

Get 10% of your first deposit and 10% on invite deposits 😱

Reward Invitations🏅
-30 valid members, get $100 reward ✅
-60 valid members, Get $150 reward ✅
-100 valid members, Get $350 reward ✅
Note: Valid member charges $30 and up

Deposit Reward🏅
Get 10%, 2% and 1% of Lv1, Lv2 and Lv3 group deposits.

A lot of activities will be organized in the main group to help hardworking members make a lot of money 💰

Registration link
👇🏽

https://cocacola66.vip/index/login/reg/invite_code/052091

This is a long term project!! Do not miss it!!! 💎 💎 💎 💎 💎

----------------------------------------------------------------------------------------------------------------------------------------

TELEGRAM
Cryptonews24 Channel Chat