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Amid the collapsing Terra network’s cryptocurrencies Luna (LUNA) and TerraUSD (UST), crypto exchange Binance continues d...
05/12/2022

Amid the collapsing Terra network’s cryptocurrencies Luna (LUNA) and TerraUSD (UST), crypto exchange Binance continues deactivating related trading services.

Binance’s derivatives arm Binance Futures has delisted coin-margined LUNA perpetual contracts, the firm officially announced on Thursday.

To understand Shiba Doge Predator, one must understand the human origin story brought to us by the ancient Sumerian peop...
05/12/2022

To understand Shiba Doge Predator, one must understand the human origin story brought to us by the ancient Sumerian people. Enki, the leader of the Anunnaki (gods) was known for his inherent worth, representing healing, fertility, and creation in the Sumer culture. His intelligent magic often includes trickery to benefit the good of the human race. Son of a sky god, Enki was thought to reign over the Earth and high heavens.

More information on Enki can be found by studying the cuneiform tablets left behind by one of earth’s earliest civilizations said to predate the Egyptians. What we know today is that Enki is responsible for having given us both Shiba and Doge out of his love and eagerness to help humanity transcend. In his final attempt to rid the world of evildoers and to offer an opportunity for wealth generation, Enki decided to create the ultimate companion that would ultimately inherit all that made Shiba Inu & Doge successful into a complete and single entity. We now refer to it as the Shiba Doge Predator. A dog, in god form.

Shiba Doge Predator aims to create a highly engaged community of like-minded individuals who want a taste of financial freedom. A community-driven project with the intention to welcome all that want to positively win together. SDP intends to leverage the downsides of Shiba Inu and Doge and ensure it solidifies a position among the greatest in the cryptocurrency space. It is a deflationary ERC-20 based token built on the Ethereum network with a total supply of 5,000,000,000,000,000 SDP. The contract has been designed to combat against frontrunning bots in order to maintain the fairest environment for all humans who want to participate in having a real chance at attaining financial security.

Shiba Doge Predator targets both Doge and Shiba Inu fans as well as investors by intelligently working with strategic partners and highly targeted audiences. While the goal of Shiba Doge Predator is ambitious, the anonymous team aims to create a sense of longevity and trust via sound actions that cater to the quick development of the SDP project. To actualize this feat, it has begun massive marketing of its project about its latest initiative and opportunities for people to earn wealth. The council behind the project is a well-diversified group with reach into countries around the world. Shiba Doge Predator is and will be a global sensation.

The Shiba Doge Predator platform will offer unique features, unlike Shiba Inu and Doge. According to the project developer, “Shiba Doge Predator will ensure everyone the opportunity to generate wealth. Besides this, it will be a formidable token that will offer a great deal of value to everyone within the industry.”

Brief about Shiba Doge Predator Tokenomics

Terra blockchain’s stablecoin UST lost the peg this week, crashed and brought the whole cryptocurrency market into a cat...
05/12/2022

Terra blockchain’s stablecoin UST lost the peg this week, crashed and brought the whole cryptocurrency market into a catastrophe long unseen.

Billions were wiped out of the digital asset market during the past 24 hours, while Terra’s native governance coin LUNA lost 99% of its value and nosedived from $24.14 to $0.1538 over the same time period.

What happened?

To better understand the collapse of LUNA, it is important to know its relation with blockchain’s stablecoin TerraUSD (UST). Both coins are created and guided by Terraform Labs and its co-founder and CEO Do Kwon.

TerraUSD (UST) is a decentralized algorithmic stablecoin, pegged 1:1 with the United States dollar. However, it is not backed by the dollar or any other fiat currency or commodity. Instead, UST relies on a smart contract algorithm that involves LUNA and helps to keep the UST value stable.

The algorithm tracks the demand for the TerraUSD (UST) and adjusts its supply accordingly to keep the value around $1. If the supply increases and the value of UST drops, the algorithm incentivizes users to burn UST to mint new LUNA coins and vice versa.

Do Kwon and his Luna Foundation Guard declared plans to back their algorithmic stablecoins with Bitcoin and thus have been accumulating their Bitcoin holding intensely. During the past few weeks, LFG bought over $3.5 billion worth of the dominant crypto. The situation drastically changed on Sunday, May 8. The stablecoin UST started to go down in cascades, losing 70% of its value and dropping to an all-time low of $0.029 on Wednesday.

To keep the price of UST as stable as possible, Terra’s algorithm initiated UST token burnings in exchange for the newly minted LUNA coins. The supply shock triggered the LUNA price fall, and the panic sales did the rest.

Where did it all start?

However, for any more visible price move to happen, there must be an initial source that triggers it.

Rumors on crypto social media went wild, claiming that the world’s biggest asset manager BlackRock (NYSE:BLK) as well as Citadel Securities could be behind the collapse of TerraUSD and LUNA.

Supposedly both whales manipulated the market and Terra’s Do Kwon to dump the price of Bitcoi

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