What is Terra? UST and LUNA explained with Animations
Terra is an ecosystem of many different things and has many uses, but the main use case is in payment processing and in their stablecoins. In this video, we explain how their algorithmic stablecoin works, and how it's different than the Titan/Iron crash.
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Can’t wait for your animated video explaining what happened and why! Especially because you mention on this video that This one was different and wouldn’t fall on the “dead spiral”
@WatermanSurin
2 жыл бұрын
following
@raymondrig4321
2 жыл бұрын
So i guess this channel is bullshit information! hahahah
@milire2668
2 жыл бұрын
@@raymondrig4321 u can already tell after hes explaining the term "financial ecosystem" lol
@davel4030
2 жыл бұрын
He says "we may be wrong and terra may crash in the future"
@greenyboy16
2 жыл бұрын
@@davel4030 which is true, buts its how confident he was in this project that really kills me
Interesting to see what's happening in the Terra ecosystem right now.
@niveditabosman4484
2 жыл бұрын
Imagine watching this video and then the next day the market takes a $1 trillion hit
@DaRyteJuan
2 жыл бұрын
@@niveditabosman4484 Don’t forget, “Whiteboard Crypto is the NUMBER 1 channel for crypto education. Where they use lessons that date back to the stock market crash of 1929, so easy your grandparents can understand it.”
@manu6409
2 жыл бұрын
I want an update on this video after all this fiasco about terra passes to see if this worked or not.
@forexautomatedtrading1959
2 жыл бұрын
it dieded
@manu6409
2 жыл бұрын
@@forexautomatedtrading1959 You mean "DAId" 😂
Who's here after LUNA 99% crash 😂
great one. Please make a follow-up of how it collapsed.
Great info but we don’t use euros in England as pictured 🤣
@sauptikghosh9604
2 жыл бұрын
It's pound bruh😂 i am imagining the accent😂
@nopefranks1154
2 жыл бұрын
@@sauptikghosh9604 Yeah cos usa only has cool accents haha. Bwing me my QUAFFEE. I actually like that woman in white men can't jump tho. But most of new York sound 50/50. Tennesee lol. Screechy teens in florida. Dude do you even know any of the funny British accents? Im lucky im from the Midlands my accent is clean asf short and sharp Leicester with a dash of southern. Liverpool is a cool accent the women some of the women sound super sexy. Alot of the men sound scratchy tho. London bruh is called Jaffacan. All the immigrants together speaking English with s smashed accent. Go watch these movies. See London. Well 15yrs ago its even worse now. Not many English live in London anymore. But still brilliant movies. Kidulthood. Adulthood. Brotherhood. Comedy version Anubahood. 4 films go wild. Noel Clarke is a brilliant movie maker. But Guy Ritchie is our Guy. I wish I could remember the name of his latest street movie. I love grime movies. I dont think usa cam keep up in that area. Anyway. Birmingham accent. Newcastle accent. Cornish accent. If they the farmer Kents nobody can understand. They just grunt after you keep saying what all the time. But still usa is full of strange accents. Then the majority of America sounds the same. How boring. Scousers and geordies gave Britain an edge on the world war radios. Ant nobody understanding a word they'd say. But hey. Good on you. You are past the bs queens English accent. Mary poppins. Now go watch a bunch of reality TV UK vs USA on the state of their teeth lol. Meth heads not included lets keep it fair. Lol. Just like celebs not included they all have nice teeth. Compare the poor people. Once upon a time in Britain it was fashion to have black teeth. It meant you could afford them. Eating tons of that crazy luxury stuff. Even the serving plates and fruit were made out of sugar.
@we10FE
2 жыл бұрын
I jumped when I saw the euro flag
@wizkid3295
2 жыл бұрын
@@nopefranks1154 Ok we get it. Relax bro
@shaunbit8910
2 жыл бұрын
Football clubs do so what you saying
Great explanations as always! 4:35 EUT should probably have the EU flag considering England's not even in the EU now lol
@von__jan
2 жыл бұрын
I was just about to mention it haha
@felsgamer
2 жыл бұрын
Besides them never using the Euro in the first place lol
@jeffpower2399
2 жыл бұрын
@@von__jan me too hahah
@guilhermezimmermann9692
2 жыл бұрын
joking maybe? haha
@bassweapon
2 жыл бұрын
bruh hahaha
At 7:25 you perfectly explained a ponzi scheme, congrats.
1:04 What is Terra ecosystem? 4:08 Terra's Stablecoins: UST, KRT, EUT 6:00 About LUNA 8:50 About Mirror protocol 9:39 About Anchor protocol
@freedomfreak0101
2 жыл бұрын
Can you please tell me what software was used to edit this video
@kennyadvocat
2 жыл бұрын
He forgot to mention it was a ponzi scheme tho
@BBWahoo
2 жыл бұрын
11:00 Getting REKT
@khurram0199
2 жыл бұрын
@@BBWahoo 😂😂
@KLHK1981
2 жыл бұрын
12:00 Luna crash
I'll tell you how to get rich. Saving money is good, but investing more will save you days off the future. The biggest risk of all is not taking the risk of investing. Invest now, invest wisely and be financially free.
@frederickhilton9479
2 жыл бұрын
You're right friend, how many millionaires do you know who have become rich by savings account? This is why I diversity and invest more in cryptocurrencies and it has paid off.
@briancarla9380
2 жыл бұрын
@@jaimeantonio6079 I will recommend Mr. Nicholas to you, His trading acumen is working for me right now and I am making good profit from bitcoin trading.
@briancarla9380
2 жыл бұрын
I have been earning a lot through bitcoin trading which has been the main source of my income.
@luisfermoscotte5808
2 жыл бұрын
5 weeks ago I made a total profit of 3.8 BTC by actively trading their signals as well.
@mitchellalvarez6748
2 жыл бұрын
@@jaymiepaquette8997 haha you really don't have to be surprised, Mr. Nicholas is really good and everyone loves genuine trading services, He helped me get back what I lost trading on my own.
Great video as always !!! It would be interesting if you could put sections in the video so viewers can see the structure of the video and also skip to the parts that interest them (in case they watched the video multiple times)
@gordonzion2046
2 жыл бұрын
My advise is don’t just venture on any asset for the sake of it, I seek the guidance of “Mark k. Ronny“ who has made me understand that strategy is everything, hodling and compounding his strategy has brought 23 btc returns so far this year. I copy his trades in real time which I can confidently say I am impressed.>...
@adamhill8031
2 жыл бұрын
Does he have a channel or something
@gordonzion2046
2 жыл бұрын
kmarkronny VlA Te le gr am....📧📧.
“The profit seems to come from money flowing into the ecosystem…” bros explaining a ponzi and then goes but it’s very different from the last Ponzi scheme
@calamorta
2 жыл бұрын
Crypto bros in a nutshell. They need to come up with bs so their projects can keep going, but they're all hoping for a crazy high valuation.
@jputhenv
2 жыл бұрын
There is also a casual reference on synthetic assets to replicated stocks. I thought we learnt a lesson the hard way from the last financial crisis.
Please do one about DJED at some point !! Your videos are amazing and I think it has not been as covered in other places.
These are well done, good job!
Thank you for all your videos, you have helped me learn a lot. Watching this now video I feel like I know mostly know what already taking about but that's mostly because of your channel in the first place. Thanks again 👌
The simple way you have put it is really good 👍
aged like milk!
I am not yet mature enough to explore the Terra ecosystem, I keep all my funds on BSC. There are some very high-yield protocols there, like WOWswap
@KetrinSmit666
2 жыл бұрын
Saw Buterin's mom's tweet about WOWswap, but never had a chance to look at it myself🤔
@user-ng7qj7pk2h
2 жыл бұрын
I don't like trading on WOWswap, but I keep my tokens there with a high APY 🙃
@noahjones7636
2 жыл бұрын
Is there a trading terminal? I used to trade on binance and I'm afraid I can't figure out the other platform😅
@rickmort5247
2 жыл бұрын
checked the site, very cool, and very convenient to look apy at different chains
@trianglemarketing4948
2 жыл бұрын
Too bad the high apy on WOWswap goes down quickly, but that's basically how it is everywhere in defi. You just have to strive to get there first
Thank Youuuuuu! Again, beautiful explanation! Thanks for the great work!
England 🏴 doesn’t use Euro they use Pound
@gnapsi
2 жыл бұрын
@Sheld𝚘n Evan𝚜… how could you make such huge mistake? Lost a lot in credibility 😶
Thank you very much for this tutorial. I was soo disoriented, frustrated, intimidated and weary with boring reading material that I actually stopped wanting to learn all together. It was literally a "terror" for me taking on this universe. Now, I can actually envision the Terra ecosystem concept of a large payment processing system, it's basic structure and protocols. Watching this video layed it out for me perfectly and has given me the confidence to punch on. I guess it isn't soo scary after all. Thanks folks.
@jenniferscanlon5338
2 жыл бұрын
i like your insight on this! and i like that this isn't as loud as bitcoin, and i would love to get into it now because i think its the best time, but i don't really know where to start
@charleswood8225
2 жыл бұрын
Awesome I'm from Belgium and I can tell you that decentralized finance is definitely the future from my own account, but certainly you need to know your way around it, i have someone, alexis susan welsh, an expert trader that i can invest with and its been great i know so much now how it really works. and because of this right approach to investing, good profit is now my middle name
@mollybrown1507
2 жыл бұрын
I have been seeing so many recommendations about Alexis Susan Welsh trending, her strategy must be good for people to talk about her and my cousin recommended her to me Consistency is key, I've been investing with her for years now and I've made alot of profit from her. Most of those traders who offer to give you 300% of whatever you invest might scam you of your hard earned money.
@taylorshephard274
2 жыл бұрын
amazing! i have heard about so many times, Please how do i contact her directly, and i want to invest 20000 dollars, how much return am i expecting in like 3 months
@contactalexissusanwelshont4198
2 жыл бұрын
.
can you do a new video on the fall of Terra Luna? Especially a comparison to Iron Finance?
Looks very stable to me
What a brilliant and simplified way of explaining the topic! Kudos!
who is watching this now with latest price Luna ?😂😅😅😂 luna killed all of us
@jonathancardoza5217
2 жыл бұрын
Hahahaha
Watching this after the crash yesterday is hectic
Yep, death spiral indeed. Sad but also valuable lessons. Luckily I wasn't invested into UST or LUNA. Well.. Now I am at a low risk position. Would be nice to see the ecosystem recover however. It could possibly show tons of growth in the stable coin ecosystem of today. Positive thoughts.
@Swagtastic225
11 ай бұрын
your position is probably under 2k dollars
First class!!! Animation always helps me to rapidly master difficult concepts. It is an invaluable learning " protocol ". Thank you.
Seriously bro. Keep up the good work. I will support in every way i can. I have liked all the videos i watched and even shared this channel to my friends.
Bro I just wanted to express my gratitude to you and everyone involved on the creation of this videos 💛. I’ve been studying everything related to crypto and Web 3.0 for all about two months now and I’ve learned a lot so far but now I’ve encountered your videos and it feels so nice to understand the things you are saying and explaining , thanks a lot , you are empowering a full generation of people like us that have been using the internet since really young and now we have a chance to make a living out of it 💛 Thanks bro this will change lives.
@JohnSmith-pn1vv
2 жыл бұрын
Yeah, Luna changed lives alright.
@mistermiyagi6073
2 жыл бұрын
he empowered a lot of lives by shilling this project didn't he
Great video as always!!
i love this channel already! first video i watched will surely watch more !
Please make another one on how it collapses.
Who’s here after UST depegged and Luna is below a penny lmao
i love this channel!!!! Every-time i want to research a new project, i first look on this channel.!!!! Amazing. THANKS! Would love a video on DIVI Project
Your video and tutorials are always simple yet very meaningful. Keep up the good work!
Hi Whiteboard Crypto. Thank you for doing this video and for demystifying UST. Now that UST is on Osmosis, what benefits do you see for UST?
@rained23JMTi
2 жыл бұрын
depegged
@WoWiWe-z2p
2 жыл бұрын
Rip
Please make video why Terra Ecosystem is failed... Both UST and Luna are more than 50% down
@stefanvalchev8066
2 жыл бұрын
if he have breain in head had he was going to expain the risk when he made this video.
@4:50 "..so far terra has worked.." what a cautionary tale
Yet another quality video. Crypto is exciting with these new blockchain, protocols and applications, challenging the traditional middle man-infested financial system!
@JohnSmith-pn1vv
2 жыл бұрын
Terra was completely centralized. And the middle man is working on a solution to the problems on an island in the sun.
"But Terra is different..." That didn't age well, buddy
@jputhenv
2 жыл бұрын
The entire video is a jumble of jargon that everything looks fancy. Most critical steps are not explained. The speaker floats ideas like "profit will flow into the ecosystem" and "you can buy stocks as synthetic assets". I feel sorry for those who fell for this scam.
This aged well as fine milk
U guys are awesome!Thank you!
RIP for those who take their lives by investing in this crypto 🥲
@Gtjxx
2 жыл бұрын
RIP
@ajaysinghrathore1940
2 жыл бұрын
RIP
@ptchi2026
2 жыл бұрын
@@Celph nothing to proud of lol you just gambling at this point
@ptchi2026
2 жыл бұрын
@@Celph lmao have never been stupid enough to buy it even once
@Celph
2 жыл бұрын
@@ptchi2026 yeah reason why you broke and I’m sitting at 20k and counting 😂😂 from $100 scared money don’t make no money !!
Again, THANK YOU!
Good. Now please make video on explaining why the entire ecosystem of using Luna to keep UST stable completely went to dumpster fire?
This is really great content thank you. What tools / software do you use for the animations?
@jjoomusic
2 жыл бұрын
Pays indian to do it
Wow! Great content. Just subscribed.
Best Vids. Best Voice. Best Info. Thank you!!! 🙌🙌🙌
Good job, young man. Now do your presentation on the Terra ecosystem’s Anchor Protocol, which will blow people’s minds. Thanks.
this aged very well
Great job(quite fast paced)
This was very informative. I'll have to watch it a few more times to truly understand it all but I appreciate WC for creating this content!
@markdebelich5101
2 жыл бұрын
You might want to ask yourself if I cannot easily understand what it is I am looking at, should I be investing in it? LUNA is a bust it seems. Take care.
Who is watching this video after Terra crushed?
@mcrndonnager9736
2 жыл бұрын
Me. This channel man...
Anyone here after the crash?
this channel deserves a million subs
Awesome job! Thank you! ❤ TerraLuna 😄👍📈🚀
Need to keep in mind that terra also hasn t got its own blockchain, it is using cosmos chain.
Lmao watching this today is hilarious
bro not gonna lie, your videos are the best. Keep it up G.
Awesome video! Thanks !! Can I ask, on what platform/software is the video made? Im asking about those cool animations and drawings
I like the usd , krt , euro above euro you put the flag of england which is using pound and also is not in European union 😉btw nice video , always learning from you !
Anyone watching this now,to grab some Luna in this crash😂?
Thank you Excellent explanation
Thank, finally a video that explains everything from scratch
Every time I watch one of these videos, it seems to coincide with getting an alert halfway through that the product being talked about has just jumped up 10%+ in value. Go LUNA!
@jibranraza9590
2 жыл бұрын
bro its up like 60% this week
@MrMichaeljhinde
2 жыл бұрын
@@jibranraza9590 happy days, just wish I'd managed to drip more £££ in before it shot off! Roll on the next dip.
@jschnabes13
2 жыл бұрын
How you guys doing?? Still gonna HODL this bullshit till you get to the moon with your laser eyes?? Try not to hang yourselves lmao
@MrMichaeljhinde
2 жыл бұрын
@@jschnabes13 doing fine thanks because of the golden rules of only putting in what you can afford to lose. Well played for being so classy as to seek out 4 month old video comments to troll people about suicide on the internet just because they lost a few bucks :)
@calamorta
2 жыл бұрын
@@MrMichaeljhinde Yeah, trolling with suycyde is too much regardless.
Who’s here after LUNA and UST collapsed😅
This video made me stay on your channel for longer :)
Omg, thank you for your videos 👏 👏 👏
7:34 in retrospect, that whole explanation of the value being in the people that hold luna expecting more people to join sounds an awful lot like a (decentralized) ponzi scheme. I wish I hadn't put almost all my savings in UST, but no one expected Terra to crash as hard as it did. Hindsight 20/20.
@raphael4875
2 жыл бұрын
wow wishing you all the best man, that's alot of money
@m1st87
2 жыл бұрын
@@raphael4875 Thanks man, honestly it was quite a hard blow. But better times will come. I'll have to learn from my mistakes.
I think you are confusing Terra UST and LUNA in a couple of places. For example, at 7:05, you say "what happens if LUNA goes under a dollar"... I think you meant to say "UST" or "Terra UST" or "TerraUSD".
@WhiteboardCrypto
2 жыл бұрын
Good catch! I'm surprised nobody else caught that in the script, my bad
Amazing video!! Thank you for the information
Thank you very much. Very useful.
10:56 "what's next for terra?" - a lot of 0,00000
Several crypto experts have recently compared bitcoin and other cryptocurrencies to digital gold, and as gold is always growing, this could indicate we are always on a bullish road, even though clear evidence point to a robust rebound even to higher highs. In a bear market, as my personal trading adviser and signal provider Eric Birger always says, sitting on your cash in a bear market isn't the best strategy, because traders are taking advantage of the instability.
@reginaldedgardo3530
2 жыл бұрын
@MarkDean444
2 жыл бұрын
For newcomers and busy investors with little or no time to watch trades, trading with an expert like Eric Birger is the best option...
@Tradacc
2 жыл бұрын
It always surprises me when I hear someone state they are unaware of Eric Birger. It's as if he keeps a constant eye on the blockchain and all of its activities in order to design and implement a profitable plan like his.
Great video! Love terra
Your content is really great and got me to binge watch it. I haven't been binge watching a yt channel since...a lot of time ago. Thank you Quality content, congrats! Can't wait to watch more. But please, invest in a better microphone. It's a fine detail, but it will make the cannel sound as professional as you imagine.
He basically said it's a Ponzi with utility haha, lucky I had 0 bags of this.
5:47 that happened now
@GrandChessboard
2 жыл бұрын
Just click on the sponsor links, that is all crypto youtubers cared about, lol
Sent this to everyone I know. Great simple explanation
Thinking about those affected by this horrible tragedy. Thanks Do Kwon
This aged wel
This aged well
super cool vidéo! thx !
Such an interesting video to watch on 15 May 2022. Are you planning to make a follow-up video to this given recent developments with Luna and UST? Perhaps those synthetic assets need to be revisited for one thing …
8 months later and it pulls a Titan lol
amazing! just one notice, the England doesnt use EURO currency :)
@royaldecreeforthechurchofm8409
2 жыл бұрын
Fuk gayland
Love your Channel keep it up
Great video! Cheers for that :)
Great explanation as usual. However, I still don't understand where Terra is different to a Ponzi scheme. Is the value not based on people buying or selling Luna? If the value would determined on the transactions and the 1% fees that would be different, but to attract investment or make people sell might not work as people might not do what the Algorithm wants them to do
@athanasiostsagkadouras383
2 жыл бұрын
It's tokenomics is what makes Luna special
@rained23JMTi
2 жыл бұрын
luckily you spot it earlier
@rained23JMTi
2 жыл бұрын
@@athanasiostsagkadouras383 nope, it is what causing it to collapsed
@alexdevisscher6784
2 жыл бұрын
We know the answer now... It was a Ponzi scheme.
@JohnSmith-pn1vv
2 жыл бұрын
@@rained23JMTi so then.. athanasios was right😁
Good Video. Thanks for making this. Just wanted to mention that the terra ecosystem has much more dapps coming along now as well like Pylon, starterra for IDOs, yield farming, vaults, leverage, alot more protocols are coming and UST demand will only keep increasing. Really bullish on this !
@JohnSmith-pn1vv
2 жыл бұрын
Cryptokiddies say a lot, while saying nothing
@Ace2021
2 жыл бұрын
How bullish are you now?
WBC and Theo do it again. Clear concise, unbiased and accurate.
thank u for your great videos
5:06 history repeats itself. Terra luna crashed
5:50 Terra crashed, i come from the future
The only channel where I actually love the "like and subscribe" plugs.
great n simple explanation ,thanks
terra crushed my friend,,ur next video should be why luna crushed
Good video, but I can't help remarking that the choice of the England flag to represent the Euro stablecoin is such a poor choice for so many reasons, or was it a humorous move perhaps?
@Chinoman10
2 жыл бұрын
Careful... this reply didn't come from the official chanel.
@Stoneface_
2 жыл бұрын
@𝐖hiteboard 𝐂rypto scammer alert
Thanks for your work, youre videos are like researching hours for a project ! :)
Great video, sir! How are you able to do such animations?