October 18th Weekly Terracoin Update — Whaling
Current TerracoinCore Version: 0.12.2.4 — Date Released: 7/19/18
Once again this is going to be a long one!
It is whaling season again. We weren’t sure about what was going on with the price last week and just assumed it was related to the overall drop in the global economy. It is now obvious that an ancient whale account is dumping on the Cryptopia Terracoin market regardless of price. Because of this the price has dropped significantly, but there has also been a nice bump in number of masternodes.
Last time we had a whale suppressing the TRC market we bounce back pretty quick after he was spent. So, get TRC while it is cheap. We know he started with around 380,000 TRC and is now down less then 112,000. We can’t tell beyond that because he has been lost in the distribution list on Cryptopia and there is no way to identify a certain account on Cryptopia.
Everyone should use their own judgement when buying during a whale dump. Remember that even though this price is too good to be true; don’t spend money you don’t have and never go into debt to buy cryptos.
Since I am talking finance, remember that the main point of masternodes isn’t the service rewards that you get. It is the decentralized governance. Decentralized governance is the most important part of Terracoin because it firmly empowers the community to guide the future of Terracoin, and the future of helping the world.
With decentralized governance anyone with 10 TRC can put in proposals for projects that they are working on for Terracoin or helping their community.
Terracoin masternode’s then vote on those proposals.
It is a democratized version of coin development and is one of the reasons I work so hard on this.
Empowering the world is important to me!
I am going to step off my soap box now and get to the rest of the weekly!
We now have 20,000 Terracoin for the lawyer fund which will help us become an official non-profit! This is stored in a multi-signature wallet and can’t be touched unless 3 out of the 5 team members agree. If you want to donate towards the lawyer fund send TRC to this address: 3AN5jwYxjsRshTGiNQgZqKLyESFRjnrt2k
I have started the process of submitting Terracoin to new sites and exchanges! This process is slow at first because I need to get into the groove, but as time passes it gets faster and faster. I have a huge list of sites/exchanges to submit to, and if you think we should be on a site/exchange please message me.
Some sites/exchanges require confidentiality during the submission process, so I won’t be commenting on those sites/exchanges.
I want to be as transparent as possible while I submit Terracoin, but it immediately disqualifies a coin from getting accepted to some of these sites/exchanges.
Expect me to be mum on those sites.
That is it for this weekly!
Make sure to buy Terracoin responsibly!
Lawyer fund is at 20K TRC!
We are working on getting on more sites/exchanges.
Thanks to the community for figuring out this whale situation and discussing it in detail!
Join our Telegram or Mattermost to be a part of the conversation. Links are below.
One month ago, we were at 0.00001439 BTC (.0912 USD) and today we are at 0.00000491 BTC (.0317 USD).
A year ago, we were at 0.00003116 BTC (.1748 USD).
We are ranked 955 on coinmarketcap with a market cap of $729,251 USD. Last week our rank was 804 and our market cap was $1,360,767 USD.
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Last Week’s Terracoin Weekly Video Update