I’ve been diving deep on the Thorchain situation
It’s pretty crazy but essentially, they’re minting a new coin called TCY and that is being used to pay off the $200m in debt
I see a scenario where TCY comes out and goes up in value. Creditors all are made whole and $RUNE doesn’t just recover but reaches new ATHs
The protocol has been clouded by thorfi. This is a net positive IF Thorchain survives
Hope you were able to take some profits at some point. I don’t know the situation well but wishing you gains and hoping they recover cause I know a lot of people at Leo like them
I did at one point although I’ve been hurt by this. Can’t lie about that. RUNE is one of my top 5 holdings
I still feel bullish on the future but I am pretty tapped in at this point
With all the work on Leo lately, I haven’t had much time to manage it. Back to building ;)
well at least you have more influence than anyone over your Leo holdings! Man I wasn’t planning to buy any more but these prices are toooo sweet
All of this has made me even more bullish on LEO
We’re building the epicenter of Web3 and have so many ways to generate inflows to buy LEO
I see positive news left and right. I can’t figure out why only a few of us are buying but the tides will shift soon. How could they not?🔥🔥🔥
It will be OK. It will take a time, but it will be fine and with new ATH. Not a financial advice though ;-).
Been down this road a number of times in my life. The project essentially killed itself but there will be a few stragglers that try to hold on to it only to end up with nothing in the end. I pretty much how these work out.
Isn't it just like the Central Bank printing fiat?
I will follow from the sideline and see how the markets will react to this solution.
It is positive. But now we have 2 chains that are almost completely the same (MAYA, THORChain). Maya will have Aztec, but who knows when... The only big difference is that MAYA is not on CEXes (still don't know if it is good or bad though).
🤞🤞🤞 Fingers crossed that #THORChain will survive.