The investment in Bitcoin, according to De Kwon, is part of a plan to someday allow UST holders to redeem their tokens for bitcoins. Bitcoin will take up the job that Luna previously held. The ideal scenario would be for UST investors to purchase bitcoins at a discounted rate. However, he stated that this proposal is still far from being implemented.
Terraform Labs Assembles an All-Star Roster of Investors Committed to Deploying $150 Million in the Terra Ecosystem
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Terraform Labs Assembles an All-Star Roster of Investors Committed to Deploying $150 Million in the Terra Ecosystem
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