StarTerra Joined Forces with Terrnado Cash!
These days the lines between what’s tracked and untracked, what’s anonymous and what’s not, have become blurred and it may be hard to find the difference between decentralization and centralization. StarTerra has been aware of it for quite some time now and they knew that there is a gap that is waiting to be filled. This day has finally come and they’re ready to present you Terrnado Cash, an anonymity providing service that has taken on a mission of giving users a possibility to process 100% private transactions across Terra.
In essence, Terrnado’s smart contracts allow any Terra user to transfer $UST, or any other CW20 token, fully anonymously by breaking the links between transactions and thereby making them completely untraceable. It’s the first working product of this kind that has been introduced to the Terra ecosystem and has already gained the trust of over 1000 unique depositors.
This solution has a multitude of use cases within the ecosystem, such as, but not limited to: Venture Capitals, Project Teams, Private Investors and Influencers. In all of these use cases Terrnado will excel at its functionality providing a long-wanted service on the Terra blockchain.
All in all, the process looks like this: the user deposits their $UST/CW20 token into the Terrnado Anonymizer. Then, the user receives a note that needs to be provided, alongside the destination address, in order to withdraw the funds. As easy as that!
The simplicity of the process and guaranteed privacy is not all that awaits the Terrnado users! There are also many ways of earning, starting with the Anchor protocol earning yields. While your deposited $UST assets are simply sitting on Terrnado and waiting to be withdrawn, they’re also generating yield via Anchor Protocol.
But, the real benefits come with the project’s tokenomics! Terrnado will generate long-term financial profit for the investors through the innovative approach to the token economy. $TND is a utility token fuelling the Terrnado Vault machine that serves to create profit for the token holders. By bonding the $TND tokens, you’ll receive a proof in the form of $sTND tokens which’ll serve as an exposition to Terrnado Vault.
The more $sTND tokens you have, the bigger the exposure to the Vault, hence the bigger the profits. Of course, as the project will grow, so will the Vault which, upon unbonding, will result in significantly more tokens collected than initially put in, adding an extra layer of profitability from the platform with the bonding rewards delivered in $UST, $TND, $STT, $TFLOKI, $ATLO, and in the future potentially in any CW20 token.
That’s not it! Terrnado is also planning to recognize its users with a long-term rewarding system. It will come in the form of a retrospective airdrop that will appreciate the loyal users. To put it simply, the more activity you perform on the platform, the higher the airdrop for the user. All you have to do as a user is deposit funds, earn from Anchor, and wait to receive rewards!
Additionally, the $TND token will involve investors in strategic decision making, ultimately creating a unique Terrnado community revolving around privacy, anonymity, and development of the project.
As the innovation on Terra never fails to amaze us, StarTerra is excited to partner up with this groundbreaking project solving an issue for many Lunatics around the globe. We will be working closely with the Terrnado team to ensure the most effective and satisfying launch as well as its further successful progress on the market.
Make sure to learn what this project delivers by visiting the links below.
They wish all their StarTerrans good luck in the upcoming IDOs.
To the cosmic vault of Terrnado and Beyond!
About StarTerra
StarTerra is a gamified launchpad that features Play2Earn, gamified NFTs, and multi-asset staking, built on the Terra Ecosystem. StarTerra is introducing a gamified system of competition between tiers (called “factions”) allowing their members to stake more of $STT native token than the minimum required amount.
📰 INFO
https://medium.com/@StarTerra/terrnado-cash-x-starterra-partnership-e1ef267cf1bf
