Terra Classic | Dawid Skinder, Puya, Vegas | ETHWarsaw [4]

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One, two, one, two.

Okay, everybody. So, my name is David Skinder and this is

um uh Jurus Protocol. Yeah, we are community members of uh Terra Classic. So um we came here to take you uh on a journey um journey about Terraclassic blockchain which is blockchain so decentralized it's out of this world and you may know this blockchain by the ex name Terra right so before the crash in May 2022 everybody knew the name Terra and two main native uh assets of this blockchain was Luna and US um stablecoin right but it crashed and we are one of the committee members one of many out of the whole world who are trying to revive and doing so uh the blockchain. So we'll take you on the on the journey to show with you a couple of phases of restoration of Terra Classic and 40 main events uh that happen um in in the in between. So the first phase, the golden era.

Yeah, let's begin with the first phase. Uh for for many people pre- crash, the most interesting one, the best phase of terror where everybody was like high in profit, seven, eight digit, everyone thought it's never going to stop. Uh the biggest ecosystems in crypto, I think and it's not working.

Stablecoin USD was one of the uh top ranked stable coins uh after Tether and Binance USD. Um you can see the market cap there. Uh Luna itself had 40 billion market cap. The complete uh ecosystem had total value lock of 21 billion. Um the whole Terra ecosystem was powered by the stable coin and two main protocols on the L2 being a lending protocol anchor protocol and mirror protocol providing synthetic assets like synthetic stocks commodities and you could use them inside of the lending protocol as collateral.

That's how it worked. Um and as you can see top value of Luna was $119 at peak right before crashing to multiple zeros. And uh

and the con the corn was the guy, right? We either hate him or love him, right?

Exactly. The lead figure. He was very controversial. Many loved him, many hated him. And he was always there on Nick making uh controversial posts for engagement.

Yeah. So this this was the golden era. But then phase two is the the collapse of Terra Classic. So we'll you know put you through a couple of events that happened in the process. Right.

So just for you to know the the short recap. So in May 2025 basically you know $2 billion withdrawal from anchor protocol from lending and borrowing protocol on Terra happened plus coordinated market selloff which triggered the DPEC you know of the USD stable coin which by then was like top three stable coins on market right you can see the the chart in couple of you know days it crashed and it completely depacked and you know it was followed by um what's what we know as hyperinflation of of Luna, right? Because there was this burn to burn to mint to burn mechanism that worked between Luna and US. And when USDA, Luna was hyperinflated from from 300 around 300 million uh to circulating supply and around 1 billion million supply uh billion supply sorry to 6.7 trillion total supply.

So that because of the hyperinflation the the price crashed from 190 to around this price even lower right and then obviously the chain was held a couple of times. There were governance attacks. You can see the post from Terra TfL themselves you know informing all of all the you know shitty things that were happening. There was chaos everywhere. exchanges were exchanges were you know suspending trading and withdrawing the the glo there was global you know chaos and you can see it on the um total crypto market cap at this time this was the moment when when Terra crash happened right this was uh sorry if you can get back there was the FTX sag I think here but this was the this was the tera crash right so it was a lot of chaos and what they did don and TfL decided to create Terra 2.

0. They just forked first chain and in the process abandoned Terra Classic Terra still back then. They forked they created two without the US stable coin and we we as community members were just left alone at this point. So basically what marks the creation of of Terra Classic was proposal uh 1623 you know around 25th 28th of of May and you can see the post from from the himself he he announced renaming uh Terra into Terra Classic and Luna to Luna Classic and USD to USDC. So Terra dollar to Terra Classic dollar and this means that the blockchain was officially uh created.

So this was the collapse. Now the third phase is fixing layer 1.

Third phase is one of my favorite ones because that's where my Luna uh story starts. That's how I got in. Uh at Crash, we uh basically some community members that just joined with some OG's came together refused to abandon the original chain and just didn't want to sell regardless of what TFI was saying, what all the crypto crypto gurus were saying. Everybody was laughing at us, but we just refused. We didn't want to give up and um

yeah we we got even you know aird drops of 2 but you know we still were committed to classic and you can see on the screenshot actually this is screenshot from right now Terra Classic is still top 40 blockchains top 40 most viewed blockchains on on coin market cap even right not 3 years later or earlier it was on the very top right so there's a lot of community members

exactly there

and I can proudly say I sold all my Luna 2 airdrops at the top and converted everything back to Terra sick, never regretted anything. Um, so yeah, in June 22, we started uh to kind of uh professionalize and get together a little bit and started to to form the first unofficial group entity you could say, but without legal entity on the chain called Terror Rebels. Um I was one of the main me or first members of the team and then we got joined by devs by passionate community members influencers and there were like 10 20 people on the team. Uh all decentralized over the world and you can see the uh

yeah the part of the road map right was quite long one is just this is part of the website that no longer exist.

Then uh one of the first big achievements of the group was reenabling of staking. Sounds like a a quick thing to do, but you have to remember at that time the Terra classic chain basically was a proof ofstake chain without governance module with the staking was basically frozen. So you could not really stake coins and I think due to hyperinflation like only 1% of the supply was staked. Uh we fixed that with help of the validators. It took lots of effort to convince them to start validating again like uh join us.

And then basically with proposal 1495 we reenabled governance and the chain was brought back to a normal state let's say. So it was back to

and the reason is that during the crash basically do the one and and TfL just they just pressed the kill kill switch and they just canceled anything that can work on on on the blockchain even such simple thing as as a staking and governance. they just destroyed or or cancelled anything, right? So that's why we needed to reenable it. Next big event for Terra Classic on the L1 was uh the uh warrant for Dwan issued by South Korean court and uh basically that was the start of leadership constraintment of TfL and basically that was like telling the start of where everybody started to recognize that maybe in future we have to live without Dwan and uh be on our own and start to take responsibility.

Yeah. And you can see that the coin is not quite happy on this picture. I think it's quite understandable, right? But in in a sense, I don't want to be cruel, but for us, for Terraasi community members, it was start of the decentralization. We kind of knew that there will be no person who will be controlling Terassi.

We kind of knew that maybe there will be even no legal entity that will be controlling it in the future, right? Because DFL and the coin. Um then the next big big thing for the chain happened uh which is the burnt tax introduction. Uh it was very controversial and not so common in crypto but uh due to the um extraordinary position we were in uh with the hyperinflated supply. There was no cash flow for the chain.

Community pool was pretty much empty. We had to find solution. Um and back then there was no layer 2 projects. Nothing really going on on chain anymore. most of the OG projects had left or abandoned or like paused their stuff.

Um, so we thought as a community it's a good idea to introduce a transaction tax to burn down supply and also later use some of it to fill up community pool. uh and months before this we had uh a signal proposal passed from uh OG community member VGA who's uh was proposing the burnt text and then later terbs the dev group um they implemented it voted it through governance and it became live and is still in place today with lower text than what's displayed here

and Vegas was supposed to be with us today but the flight was the problem but he will join us later so if anybody wants to talk about you know with the gas the the top validator and influencer in Terra Classic. He will join us in war show later unless something bad happens.

Next big event for our chain was uh something that I think nobody predicted on Twitter. Everybody was laughing at it was when we were saying maybe Binance would join us and burn Terra Classic. Um

and it actually happened. Yes. Uh in 20 uh 222 September uh Binance started to officially announce their monthly burns of Terra Classic. What they're doing is they're burning um 50% of the trading fees on their platform. Um using the trading fees to buy back and burn Terral Luna Classic.

Um till date it's like Binance is only burning two coins. One of them is their own coin BNB and the second one for whatever reason is Terra Luna Classic. Um there are lots of contra uh conspiracies about it. Some people have some certain ideas why they're doing it. Um there are some some ideas who's holding supply and uh don't want to go too deep into that but uh what matters is how much they burned, right?

33 billion plus uh lung and it's at current price is worth around more than $4 million, right? They burned for us. They throw it to the bin to help us. Um then in November 2022 we had uh basically the first launch of uh the first postc crash L2 project on chain uh called Miata. It was an NFT marketplace you can see in the screenshot and that basically marked like the start of L2 uh renaissance on Terra Classic if you may.

Um the first NFT marketplace was followed by a launch of Terra Cazasino. Uh Terra Cazasino is like a platform that was brought to our chain by Terrace Civvita which is an incubator on the chain run by Rexi. He's also OG member. Uh I know him for like three years. He's uh managing lots of stuff on chain.

So shout out to him and to Terasita for giving us the casinos. It's one of the first projects on LN one of the top burners besides Binance. Um,

so entertainment basically, right?

Entertainment. They do weekly free rolls and poker uh with our community. We partnered with them at Jurus Protocol. That's later. That's our protocol.

Yeah. But it's basically casino and trading there and betting. So, you know, all of the shebang

in end of November. Um, one big thing for us happened, like a big achievement was the first kind of uh, separation from TfL, the original entity behind Luna. The TerrorRebel developers uh released Rebel Station which was a fork uh of the original Terror Station made by TfL and um basically it started as an TfL independent alternative followed by separating infrastructure and today terrorbel some of them operate as hexagon you can see the logo here. Um they provide uh validator hosting infrastructure services and wallet for our chain. Yeah, because at this point we kind of knew we kind of seen that something is happening, right?

The courts the Guan we kn we knew that at some point maybe their infrastructure will basically stop operating and we need to be you know independent of them. So one of the most important things for Cosmos chain because Terral Luna Classic is a Cosmos based chain right is the interchain concept. The uh you can transfer tokens easily between Cosmos chains and um due to the crash and all the stuff that was disabled for a chain. Uh IBC was also disabled. Um so basically Terra Classic was a lonely island.

You could do uh nothing with other Cosmos chains. And uh this was changed by reenabling the connection for IBC meaning that uh this was the first step to bringing us back to the cosmos. Then next phase um the renaissance of layer 2 projects on Teruna Classic building the layer 2 ecosystem

but it starts with something different than layer 2.

It starts with some black swan event kind of for us which in hindsight wasn't that bad for our chain. Um, Dwan got arrested in March 2023 in Montenegro while not being on a run officially. Um, he was arrested at the border with for passport fraud. Um, which meant that uh the TfL exe executive became unavailable for mostly Luna 2 community but also for Terra Classic and both communities had to start to uh see how to stand on their own feet.

Exactly. Then uh now we start with the real L2 Renaissance um started by Terasvita's uh first decks post crash decks of for our chain which is called Teraport. Um it's gave or it was the launch the place to launch for a lot of current successful L2 projects on the chain including Jurus Selenium Pro and some other projects

hundreds more at at this point basically. Yeah, there are lots of small tokens and some bigger ones all originated from Teraport and basically it meant that we were not dependent anymore on the pre-crash terra swap which was still operating but uh it wasn't wasn't originating basically from Terra Classic right it was from before

yeah the focus was Luna 2 so

then the bridge

next bridge so we got IBC enabled but we were not connected to uh EVM chains which was changed by uh Teratricium. Um they're a web free game. Uh later we'll explain like the game. Um and first thing they deployed for our chain was like a wormhole front end where we could easily transfer chain uh coins from Terra Classic chain to our favorite chain uh from our favorite exchange Binance.

Second favorite right after Terra Classic.

And now this is funny or not. This is funny for us. Insiders in Terra Classic community and especially jurors know why it's funny. Um, so first of all, in April 2024, the jurist finds TfL and Docoin liable for serial fraud. Um, they got fined with a hefty sum, meaning that TfL basically went or later went into bankruptcy.

Um, so TfL's ability to support their own products, their favorite chain Luna 2 and the abandoned chain Terra Classic was basically gone and everybody had to do their own thing. Now, why we why we were laughing is because this picture is uh Judge Reikov in New York. He was handling the TfL case and um basically he's uh how jurist started. We started as a meme coin called Rekov while this stuff was going on. We launched in uh end of March 2024.

Kind of successful meme coin. Actually, I could say

kind of successful. We launched a 10 10 grand market cap uh went to 10 million and then consolidated back to like 2 million market cap and stayed there till then. Later we had to rebrand to jurus because the judge rakov didn't find our little memecoin fun and some of our partners got seized desist letters from his official uh office meaning that we had to rebrand which was good for us because that's how

they were paying attention. At least he was paying attention was happening and he forced you to change the name. And fun fact, if you go to the jurist token right now and you look on the contract, even though the contract was renounced, we had to run L1 governance vote to re rebrand to change the ticker everything. If you go to the chain, you still see the original Rakeoff token on chain.

So he's he'll be in the history of Terassic forever.

Then next thing uh in in uh April, we had Teratium. They had released the bridge already for wormhole. They uh basically launched a game, a web free game. Pretty cool. You can check it out on the website.

You can see small uh screenshot from the road map.

Yeah, it was basically one of the first games that that you know appeared web free games on Terassic. We don't have time to show you any games, but it's just good point that we started building other things than just Texas and stuff. It's important to show because this stuff like whenever somebody in the community started to release one thing, it was like basically the start for many others to get uh excited about it and

if you can do it, we can do it too, right? Yeah.

On the death chain.

So that next event uh court officially approved the TfL windon chapter 11 and uh as you can see uh until I think even today the website is still live. If you go there you can see the uh official announcement. Yeah, announced on their website, right, saying that they are closing down and this was yet another nail into the coffin and confirmation for us that Terraastic is fully decentralized. basically gave us because there were lots of discussions like are you guys allowed to really do anything on the chain like isn't TfL coming back and taking everything back from you guys and this was basically confirmation no it's not going to happen we can do our thing and uh Terra Terra classic is fully community owned now basically in October 24 uh we had a big milestone for the chain which was the start of development of selenium protocol that's Vegas protocol or he is involved with it unfortunately he can't be here to show it himself so we will do it for Um, Selenium is the successor to mirror protocol. If you remember from the start, mirror protocol was synthetic assets on chain.

So, basically, you could have synthetic stocks, commodities, uh, mint them and use them in the lending protocol.

Yeah. So, we started to re rebuild the the trio or what was working in Terra, right? One of those elements were were mirror protocol, which right now is selenium and now it's yours. So my favorite part after successful rebrand uh and turbulence with Jud Reikov, we managed to completely uh change our brand into Jurus today. Um announced our official development of the lending protocol in December 2024.

Um Jurus is like the successor to Ankor protocol. uh we unponzified the yield system, added some cool features like multiolateral and uh some institutional grade stuff that uh we don't want to discuss here but if you want to check it out you can just go on the website and uh

safe and safe and sustainable version of of anchor right

and also very sexy design by challenge studio by my partner here.

Thank you very much. So now uh in December 24 we had like we had Dexis on chain we had uh first web free game we had bridge IBC enabled staking we had the two main protocols being revived uh and what's missing on the chain was some entertainment like metaverse stuff and uh one of the guys one of the community members in uh who joined us in Berlin Nicholas can't be here today unfortunately he's from Canada it's a little bit far Um they publicly announced the start of development of lancwor which is like a big metaverse originally uh in partnership with entra solutions.

Yeah it will be released Q4 uh this year they're on a classic blockchain.

So 2025 um next big big thing for our chain was basically launch of vintra uh which is a dex aggregator. So it allows you to uh basically have one shop for um trading on multiple dexes on the chain. Check out all the pairs, compare them, have nice charts. And why it's important to us is because we were dependent on coinhaul and on some other things that were originally not owned by Luna and uh third parties. So uh somebody in the community who till date wants to remain anonymous started this platform and uh gifted it to the community so that Terra Classic is not dependent on third parties for this stuff.

This was followed by uh Visos launch. Viso is uh a DEX project. It's a little bit different than traditional uh AMMs like traditional DEX pools. Uh you can check it out as well. It's pretty cool.

Um the project was launched by two OG community members. I think one of them even pre- crash member of the community. He just refused to go to Luna 2. Uh big influencers on the chain uh Mr. Diamond Tense and Luna Classic D Rig and yeah top validators on chain too, right?

So it's showing that the validators are also developing once again on on Tastic. And just as I explained before, whenever somebody on the chain did something successful, it sparked interest and like motivation, enthusiasm for others to launch their own products to maybe do friendly competition on chain, which is good for business, good for the volume, good for the projects. Um, so Garuda also uh also Terra Classic OGs announced the launch of their mainet decks on Terra Classic. It's also available uh on chain. You can check it out.

They added lots of features. because they have cool stuff in the road map coming up like P2P trading. Uh they have DEX shares so you can get shares of the revenue from the DEX. Lots of cool stuff

at least third or fourth decks already, right? So we're growing up to the third uh post crash decks and I think fourth or fifth in total. In March uh a big white paper was uh published uh regarding repack of U EUTC which is one of the stable coins. Uh as you may know Terra Classic did not only have the US stable coin it was the most famous but Terra Classic itself or Terra Luna back then was meant to be a stable coin system. So you could have multiple stable coins, trade them against each other, and the idea was to have a uh to have basically all of the main uh fiat currencies represented on chain.

Um due to the fact that the supply of most of the nonUSD stable coins on chain is pretty low, some community members had the idea to uh start trying to basically repack the e the euro version first because it requires less collateral. Um they released a pretty decent white paper which unfortunately didn't get passed but uh we fi we think it's important to show because uh the community never stopped to believe in somehow reping US paying back the depth uh turning things around and it's like the holy grave for the chain. There is uh lots of interest in this. It gets lots of attention one of the main topics of the chain still. So in April we had uh one of these black swan events again for the chain once again like we didn't have enough of them already.

Uh all of us received uh everyone of us who had a Binance account received this nice little mail which was regarding non-MA compliant stable coins for EU users meaning that uh basically US was going to be delisted

USDC how it's called right now USDC.

Exactly. Yeah. USD classic Terra Classic dollar was uh supposed to be delisted together with all the USDT pairs in Europe and some other places and uh Terra Luna Classic community uh never like accept stuff like this. So we went all together uh made like uh contact to exchanges to coin market cap to uh coin gecko I think to all the sources and we somehow managed to basically change the um the classification right we changed the classification of US uh it no longer was called a stable coin we called it native asset basically and you can see in the email the USD and USDC have been excluded from the impacted list so the only the only crypto that was not removed from from Binance because of my cause. We did it without the legal entity, without single person who can contact

somehow Terra Classic just managed again to to avoid the disaster. But uh yeah, it was fun. Then the next big thing that happened um so I have to explain this terra classic community we always like try to everybody's desperate to bring volume to the chain to make something happen you know everybody's trying to on uh on one uh on one area to somehow improve the chain to bring volume users engagement to show people that the chain is basically not dead people are building on it people are still holding they're not selling um so some community members uh had the idea to launch a terapump fund platform forms. Inspired by the Zulana meme craziness, we thought like, okay, if we can attract some of the meme traders, if we can get people in our community to launch memes on our own chain, don't go to Zulana, just launch it on Terra Classic. Um, so basically,

yeah, it happened. The uh the Terra Pump Fund platform launched uh and it was pretty successful. I launched some memes on it. Some of my co-founders launched memes, uh, community members launched memes. A lot of them made it out of bonding curve and improved like the volume on chain.

And we had lots of fun trading together on Twitter uh looking at the charts and yeah basically yeah basically we got we got dexes we got projects we were building lending borrowing protocols synthetic assets we even have meme platforms right but the next phase is actually return to the heart of what terra was back then which is decentralized money stable coins and market module right this was this this what terra before crash was all about so the first phase in April this year was prop 121171 which brought to Terra classic uh the USDC stable coin natively right so before this we didn't have stable coin because it's backed so we need to have a stable coin on chains so we brought this one by the governance and it's not that easy when you don't have a legal entity you don't have single person who can do it we had to have multiigs choose people who bring it there and you all everybody will need to agree for it it's it's difficult when the whole world needs who agrees for something like this. There is no one person who can just uh make a decision and then um next month and this may be funny for you but because of this proposal Terra Classic launched it official nonofficial website. So after three years we finally got the website and it sound crazy why the blockchain which is all about the internet and digital space didn't have a website but you you need to imagine that when there are people around all around the world fighting for the control over Terassic there's no one person who can just do stuff it's difficult to even build the website because of the domain somebody needs to hold the domain who hold the domain why you why not me what the website will be what will be on the website but we finally managed and I am proud that my company John CH studio which is managed to actually build it and it was approved by by Terraasi governance and this is the first event post crash that Terraasi committee went to. We were there in during the Berlin blockchain week in July this June or July this year. We were in Berlin.

This is co-founder of Jurus Protocol 2. This is Nicholas from Canada from the Langver verse. So we actually went outside the basement. We started to show off and this is the second event. We are here in Poland right now.

uh my mother country right so uh we are going outside is showing what the classic is and in um June at the end of June maybe maybe because you know it's difficult to say for me is one of the most important um things that are happening right now so the USD protocol and USD stable coin white paper was released so Terra classic is once again trying to uh to do what was working during the terra we are building new uh fully automated define and only yield bearing stable coin on Terra Classic uh that is not controlled by any legal entity once it's deployed you'll be running fully on on chain of decent APR and decent as a sustainable way to create the liquidity it's too broad of a topic to discuss to you right now but if anybody is interesting what we are doing usprotocol.com or just talk to me I'm one of the members of the team who will be hopefully developing this project

and this also shows the commitment of the terra classic community because people could easily take this and go to VCs and be like, "Okay, fun, we want to uh give us the revenue. We can share it between each other." But those guys, they want to they propose it for the L1. They want it to be owned by the L1. They want all the profits to go back to the L1 so that the chain can have something out of it that we can fill the community pool, get cash flow back, uh not not being a chain, $300 million market cap, and $1 million community pool.

So, we're doing everything we can to like uh bring cash flow back. uh get the chain funded, get the projects funded and this is one of the ideas and the next step uh not that far ago is actually the other group of people on TerraClassic started to work on um market module 2.0 zero and it was actually approved by Terra Classic governance and market module was the you know functionality of Terra ecosystem that allowed for minting and burning one of the most important part of Terra before the crash. Um and we need to revitalize it with safer way safe way to swap uh between lanc and USDC. Um so new version without all the problems without minting tokens so that we don't have hyperinflation once again we don't do the same mistakes.

So it's in the works it's actually done. It needs to be tested right now. And then next event um this is the picture or a drawing. Doc pleads guilty to US fraud charges. So he basically agrees for whatever reason to make his life better or to just say that yeah it was mistake terra was mistake they made a lot of mistakes that's why it crashed right and we wish him all the best but actually for us is another confirmation that we are on our own nobody's controlling Terra classic the coin will be not never back and TFO will will not get back and the last event is actually right now currently happening the official signal proposal for USD protocol uh will be in the governance vote like next day or two and D classic will decide on this.

If there will be yes, then the the implementation of of USD protocol USD stable coin will start and if it happens next six months then we'll have everything that we had a lending borrowing protocol uh synthetic assets like 100 different L2 projects and stable coin that is unique very unique to to to to the world. So yeah, so this is what all what happened. Hopefully it gives you the idea what we went through all of those years and what is the you know legacy and symbolism of of all of this. So basically we believe in this sentence right that TerraClassic is the world's largest community-led revival project in in crypto history right we there's nothing like this that crashed from 40 billion to to basically nothing and and people all around the world from Poland from Germany um

Canada Lithuania to Africa everywhere everywhere people are rebuilding this connecting together and building a lot of lots of the different projects and we are on the way to succeed right this is like the phoenix rising from the ashes abandoned by by TfL and the Kuwan its funders and rebuilt by just regular people. And what's what's the state of Terra Classic right now? It's because of the burn tax and various initiatives. It has got deflation defl deflationary to economics. It has got competitive block time, high output, low fees.

We are still upgrading the L1 itself. We got like check terra-class.money. you will see the list of like 80 or 100 different L2 projects that managed to build since the crash. We've got through decentralized chain.

If you can go back through decentralized chain, right? Once again, this is very important. There is no TFL. There is no docoin. Nobody we you can't even sign an invoice or or or sign a contract.

There's nobody who can do it, right? It's just but we still managed to build different stuff. And there is future potential to to just attract people to come back once again to Terra. That's why you're here. So from broken chain left to die to a living evolving you know deflationary ecosystem.

We believe this meaning true true meaning of decentralization. So we just wanted to show it to you because maybe some of you will find it interesting. Maybe some of you will find this as invitation to come to Terra Classic to build with us. Some of you will maybe just invest in Terra Classic. Some of you will just maybe become a community members like like we like before this I was just web two only.

I was over there and we just connected. We are great friends. We are three years fighting for the stuff and many many many hundreds people like like we Yeah. So see you at Tur Classic hopefully.

Yeah. Thanks for listening and uh thanks for being with us.

If you've got any questions then feel free to ask.

Thank you guys. Uh so we're running behind the schedule quite a lot. So if you anyone has any questions please catch up the team

okay

outside. Okay. So the question was what motivated you to not give up and be quick? the story we all wanted to be part of the great story you know if if something crashed so hard what can get back my motivation was like if you are for example Messi and you break your leg and you are out like five years will you be able to get back to the top because you're Messi you will be right more like maybe Messi will be I most likely I won't be able to do it but messy will be right terra was top 10 blockchains top five in crypto market cap so we believe that it just can happen this is one of the things and full decentralization is next thing like there's nothing like is a part of Bitcoin on this scale that I should add.

Thank you.

Really great answer. Okay, big round of applause for the guys. Thank you.