Dear Terrans,
Sorry for the 1 week delay in circulating this update. Let’s jump right in.
1. Chai
- Chai sits at 1.18 million active accounts today, and we passed the 1M mark on Jan 14th. Related tweet: https://twitter.com/terra_money/status/1216740494811648000?s=20
- Dapp.com has recently started to track CHAI in its catalog, and it is (obviously) already one of the top dApps in its radar.
- Dapp.com has also tapped Terra as one of the “9 blockchains we will pay the most attention to in 2020”: https://twitter.com/dapp_com/status/1222617914345283584 thanks for the shoutout!
- We launched our fist offline payments integration with CU in Jan 2nd, and this has lead to a stepwise increase in brand recognition and awareness. CU is the most ubiquitous convenience store in Korea with more than 14,000 stores nationwide, and they’ve put up CHAI related posters on every store. Korean consumers are literally exposed to CHAI on every street corner.
2. Infrastructure
- Coinone, one of the largest exchanges in Korea has launched a validator on the Terra network (one node) and opened staking services with 24 hour withdrawals directly from the exchange. Onenode already has 3 million LUNA staked, and the number is increasing rapidly.
- Terra validators Kytzu and Syncnode has launched a new iOS wallet for Terra, Cosmos, Kava, Iris and more. https://medium.com/syncnode-validator/a-new-wallet-launched-in-cosmos-space-b6dcdcf5706b.
- TerraSDR (SDT) and Luna have been integrated with Moonpay.io. It is now possible to buy both assets using credit / debit cards from third party wallets and at buy.moonpay.io.
- B-Harvest, one of Terra’s genesis validators has launched a 0-commission validator, and has since then amassed voting power of almost 30 million LUNA: https://terra.stake.id/#/validator/CADDDE4BF216A677736DF9487C3C0D0228CE3256. This is significant because it is the first instance of a community-grown validator without a sizable stake acquired in the pre-sale to break into the top-3 rank. Getting more decentralized every day!
- Stakingrewards.com integrated LUNA staking information: https://www.stakingrewards.com/asset/terra.
- DelphiDigital published a research report on “elastic supply” stable coins, comparing Ampleforth, Terra and Celo. https://twitter.com/Delphi_Digital/status/1217867429772234753?s=20
3. Others
- I spoke with Brian Crain from Chorus One about Terra’s recent 1M user milestone, and what our plans are to get to the next 10 million: https://twitter.com/ChorusOne/status/1219272256393752576
- Governance proposal 4, a proposal to temporarily freeze Terra’s on-chain tx fees for 12 weeks until the chain has had sufficient time to gather economic data has passed with more than 99% of the vote. Details are here: https://agora.terra.money/t/proposal-to-implement-a-temporary-tax-rate-freeze/172/2
That’s a wrap! Will come back later this month with more exciting updates.
For those of you in Asia, Happy LUNA new year.
