Orion Money Terra IDOs, Airdrops, and Token Buyback

What value-add does Orion Money bring to Terra?

  1. We attract new users to Terra. Orion Money brings Anchor Protocol’s fixed Earn rate to crypto users on other blockchains. We serve as a live advertisement of how great Terra’s money (UST) works that, even considering cross-chain bridge’s fees and costs, the Anchor rate is still the highest stablecoin fixed rate compared to any other chain. Our IDOs and token listing marketing efforts on Ethereum resulted in bringing many people to discover Terra for the first time.
  2. We bring liquidity from other chains into Terra and Anchor. All Orion Saver deposits go directly into Anchor Protocol — increasing its Earn TVL. It's $82M+ so far but our goals are in billions of dollars within 12 months.
  3. We burn Luna. As you know, when more $UST is used, its rate goes up and more $UST is created by burning Luna. With Orion Money’s billions in TVL, billions of dollars of Luna will need to be burned. This of course decreases the total supply of Luna and pushes the price up.

ORION IDOs on Terra

  • Price: For a few different reasons, the IDO price is a bit higher than for IDOs launched on Polkastarter and DAOMaker: 1. ORION token is trading already, thus there is no risk with the launch or not knowing the price; 2. ORION market price is still 10X higher than planned IDOs price. Please note that in the coming weeks, we expect to increase utility for Orion tokens.
  • Vesting: To be able to even give tokens for post-launch IDOs at such a low price, we had to have vesting terms as stated above.

Airdrops for Luna stakers and Orion Money Validator Delegators

All Luna stakers airdrop
Orion validator Month 1 airdrop

ORION token buybacks

  1. As we promised, Orion Money validator’s 5% commission will be used to buy $ORION tokens on the open market and provide these as staking rewards to $ORION token stakers on Terra. Currently, Orion Money validator yearly commission stands at around $2.2m which will already be used for buybacks from November 1st. Naturally, if Luna price increases (to $100, $200, $300, $1,000?), the validator commission will increase too and lead to even larger buyback amounts from Orion Money validator commission.

Looking forward to building amazing growth

Orion Money product roadmap

About Orion Money

--

--

--

Orion Money's vision is to become a cross-chain stablecoins bank - the best place in DeFi for stablecoin saving, lending, and spending. Check www.orion.money

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Crypto Designathon — Ark Social Bounty Campaign

Node Strategies for Passive Income

Future Vision of ProBit

The Right Guide To Earn On Cryptocurrencies in 2020

This article is talking about the new Hot Star in Cryptocurrency world, until today I just found it.

Sorex is a blockchain-based platform that allows users to invest and earn incentives using smart…

📢 Huobi Pro to support upcoming mainnet launches of Ontology and Tron.

Top cryptocurrency prices today: Bitcoin, Terra, Avalanche gain up to 9% — Economic Times

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Orion Money

Orion Money

Orion Money's vision is to become a cross-chain stablecoins bank - the best place in DeFi for stablecoin saving, lending, and spending. Check www.orion.money

More from Medium

Cosmon’s Treasury Game Plan

Protocol update proposal and Bonding for COFFIN

Shade Protocol: How To Buy SCRT To Claim Your SHD Airdrop

Portal Bridge by Wormhole Guide: How to transfer UST and Terra tokens to Solana