Huobi DeFi Prophet Project Recap. $300,000 Up For Grabs + A Maserati!
Huobi is hosting a predict to win campaign where you trade one of the following tokens AKRO, JST, LUNA, or Waves to predict which one will have the most increase in the day! Guess one of the top two — share the pool!
🏎️ Most correct guesses will DRIVE Home A Maserati (Worth $100,000)
Now let's take a quick overview of the projects:
Akropolis mission is to give people the tools to save, grow, and provision for the future safely and without dependence on a central authority or multiple intermediaries.
Akropolis has built AkropolisOS, light, and modular framework for creating for-profit DAOs, with customizable user incentives, automated liquidity provision enabled by the bonding curve mechanism, and programmatic liquidity and treasury management.
AKRO is a governance token and is used for voting for protocol parameters, as well as for liquidity incentivization.
- Vote on changes in the protocol parameters — bonding curve shape, collateralization level, etc.
- Liquidity mining incentives
- Burn — there is a spread between entering and exit price of the ASPT, which forms Sparta earnings. It is used to buy AKRO tokens from the market and burning them. [Under Consideration]
JUST aims to build a fair, decentralized financial system that provides stable coin lending and governance mechanisms for users around the world. JUST is a two-token system. The first token, USDJ is a stable coin pegged to the US Dollar at a 1:1 ratio and is generated by collateralizing TRX via JUST’s CDP portal. JST, the second token, can be used for paying interest, platform maintenance, participating in governance through voting, and other activities on the JUST platform.
JST, the second token, can be used for paying interest, platform maintenance, participating in governance through voting, and other activities on the JUST platform.
Terra is building new financial infrastructure that works better for everyone. The Terra blockchain is powered by a family of stablecoins, each pegged to major fiat currencies all algorithmically stabilized by Terra’s native governance and staking token, Luna. Terra’s mission is simple: set money free by building open financial infrastructure. Terra has achieved mass adoption through abstraction with its popular payments app, Chai — which has over 1.9 million users already. Terra with Chai has an annual run rate of over $1 billion, and ranks 3rd behind only Bitcoin and Ethereum in total accumulated transaction fees. Demand for Terra stablecoins has been growing extremely quickly which directly contributes to the value of its native staking and governance token, Luna.
Luna, as the native staking asset from which the family of Terra stablecoins derive their stability, utility, and value, acts both as collateral for the entire Terra economy and as a staking token that secures the PoS network. Luna can be held and traded as a normal cryptoasset, but can also be staked to accrue rewards in the network generated from transaction fees. Luna can also be used to make and vote on governance proposals.
What are the Terra Stablecoins?
The family of Terra stablecoins achieve stability through consistent mining rewards with a contracting and expanding money supply. For example, if the system has detected that the price of a Terra currency has deviated from its peg, it applies pressure to normalize the price. Currently, the family of Terra stablecoins include: KRT (Terra stablecoin pegged to Korean Won), UST (Terra stablecoin pegged to US Dollar), MNT (Terra stablecoin pegged to Mongolian Togrog), SDR (Terra stablecoin pegged to IMF SDR), with more being added in the future.
Waves is an open blockchain protocol and development toolset for Web 3.0 applications and decentralized solutions, aiming to raise security, reliability, and speed of IT systems. It enables anyone to build their apps, fostering mass adoption of blockchain
The Waves public blockchain has a native token called waves. The demand for the native Waves token is ensured by its utility within the platform. All blockchain transactions have fees in Waves, this means that in order to use the platform users must pay for it. This is the main use case point for the WAVES cryptocurrency.
That’s all the projects listed on the Huobi Predict to Win Campaign!
Who is going to win the most? Predict here.
Sources: www.coingecko.com, www.coinmarketcal.com, https://just.network/#/,https://terra.money/,https://akropolis.io/,https://waves.tech/waves-protocol, Wikipedia, https://medium.com/terra-money, blockchain.com
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