Anchor Airdrop Incoming. But LUNA is at ATH. Here's a Better Way to Get it!

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Anchor Protocol is about to me launched 2 days from now.

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With this, $ANC will be airdropped.

If you're a HODLer or staker of $LUNA or $UST, you're all set to get ANC airdrop in the coming week.

But in a rush to get this airdrop, prices for Terra's LUNA has skyrocketed this month:

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Today LUNA made a new ATH of $16.51 with no sign of slowing down.

Of course, Anchor is an excellent Savings protocol but would you like to buy LUNA at such crazy prices for this airdrop?

May be, it's worth it; may be not!

But if you ask me, I ain't buying LUNA for this purpose.

LUNA prices have consistently seen a rise after the MIR airdrop from Mirror Protocol. But at $16 a piece, even if you combine all staking rewards and airdrops of LUNA and MIR, you wont get a double figure APR on your investment, even at today's ATH rates of LUNA & MIR.

So what do you think ANC will be worth to justify these LUNA price?

If I go by my past experience of airdrops like UNI, MIR, BADGER, 1INCH etc., it would be better to accumulate the airdropped coin just a day after it is airdropped. A simple strategy is to make the most of the post-airdrop dump!

If the project is any worthy, the coin will appreciate after finding a bottom when all free coiners and non-believers happily get rid of it!

And if you believe in LUNA & ANC both, you may choose to pick some LUNA at some dip from here. Considering the long period of staking rewards, LUNA could very well appreciate in the price if ANC appreciates. So you may possibly double your fun!

However, I think it's safer to wait for the post-airdrop dump to pick some ANC. I dunno how well it could play. May be, there is not a huge dump this time. In that case, I won't be able to buy any ANC. But I ain't so crazy for it anyway!

  • What strategy do you think would work best to get some ANC?


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9 comments
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Thank you for keeping the track of it!
However, this is my 1000th post. I need one more to get past this no. 😉
But 4 figured no. does feel nice :)

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You're welcome @xyzashu, that's a great achivement! Hope you could keep this nice motivation 😊
BTW, support us back and vote for our witness.
You will get one more badge and bigger upvotes from us when we notify you.

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Is it just another stablecoin or another project issuing stablecoins. I did not have time to research 😆

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LUNA is not a stable coin. But UST is a stable coin from Terra stable. It's an algorithmic stable coin and I think, it's already doing better in volumes than sUSD. UST is slated to become a major stable coin soon. You may have bought some UST if you ever staked your MIR for governance coz you can't do without that.

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Thanks for the information but I meant what will be the purpose of the Anchor token?
Cheers 🥂
Did you get your moon at btw 😀?

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Oh, I missed answering to this one. I hope you've already found out by now. I think, I did mention in the post that it's a savings protocol (though I never compared it with others like 88mps)

Here is a graphical illustration about the whole Terra ecosystem from a guy named Tae Page

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Where did you get your info about Airdrops?

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Well, it's completely random. I don't browse through any airdrop websites or channels.

But I generally confirm the official sources before sharing and also try to post links to official sources.

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