Terra Founder Do Kwon has made a bet on the price of Terra’s native token LUNA one year later.
A Twitter called Sensei Algod userstating that the price of LUNA one year from now will be lower than its current price 1 million dollars bet placed.
Terra founder Do Kwon replied to this post, “I exist.” said.
As for how to handle things later, they both signed up for the “cobie” account. 1 million dollars will send it and look at the next year on CoinGecko on the same day. your 88 dollars If it is below Sensei Algod, if it is above Do Kwon will receive the money. To determine this, they decided to use TWAP, which is the average price of an asset over a period of time.
Algod is said to be considering a “ponzi scheme” of UST, Terra’s stablecoin.
After these two made the claim, another Twitter user named Gicanticrebirth, on the same terms. 10 million dollar claim. Do Kwon accepted this claim as well, and the money was in the middle. $22 million output.
In the last 7-day period approx. 10% off LUNA, which gained value, according to CoinMarketCap data at the time this article was written. 89.13 traded in dollars.
LUNA is the most valuable in the list made by CoinMarketCap. 7. cryptocurrency is located as.