{"id":466806,"date":"2021-07-03T20:59:03","date_gmt":"2021-07-03T20:59:03","guid":{"rendered":"https:\/\/ktsl888.com\/?p=466806"},"modified":"2021-07-03T20:59:03","modified_gmt":"2021-07-03T20:59:03","slug":"terra-reward-users-with-bounty-program","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/terra-reward-users-with-bounty-program\/","title":{"rendered":"Why Terra (LUNA) Will Reward Users With New Community Bounty Program"},"content":{"rendered":"

Before the crash in the crypto market, Terra (LUNA) saw one of the strongest rallies of 2021.<\/a> This platform\u2019s native token traded under $1 early in the year and reached an all-time high of $22 before dropping to its current price at $5,88. The rally translates into a 2,691% profit in one year.<\/p>\n

\"Terra
LUNA moves sideways in the daily chart. Source: LUNAUSDT Tradingview<\/a><\/figcaption><\/figure>\n

Its ecosystem has been growing equally fast.<\/a> Therefore, the protocol has decided to launch Terra\u2019s Community Bounty Program. The official announcement claims<\/a> the following:<\/p>\n

Terra\u2019s ecosystem is flourishing. Third-party projects are popping up seemingly every day & opportunities for community members to contribute to the growth of TeFi are abundant.<\/p><\/blockquote>\n

In light of this growth, the protocol has launched this initiative and with-it financial incentives for the users to help spread the benefits of this ecosystem. The program has been created in partnership with Terra Bites, a podcast dedicated to this protocol, and Learn Terra.<\/p>\n

The program has the objective of increased the adoption of this protocol and the applications based on its ecosystem. The team behind Terra believes educational content can help bring more users to the platform.<\/p>\n

High-level overviews of Terra applications, step-by-step tutorials of how to use apps, and detailed guides on the widening variety of yield farming strategies using Terra assets have helped onboard new users and provided better context on the Terra ecosystem.<\/p><\/blockquote>\n

How To Contribute With Terra, Its Ecosystem, And Earn Money<\/h2>\n

Every Friday, users and community members can find 3 \u201cbounty topics\u201d listed on Learn Terra\u2019s official website, in the Bounties section. Participants can submit the bounties, written articles of around 1,500 words that cover different topics and earn rewards in UST, the protocol\u2019s native stablecoin.<\/p>\n

The articles can be tutorials, walkthroughs, analyses, and other formats. The program\u2019s first-month bounty will be funded by Terraform Labs (TFL)<\/a>. Later, it will receive funding from a Pylon Protocol deposit contract.<\/p>\n

Pylon is comprised of a series of saving and payments DeFi products build on top of Terra\u2019s Anchor Protocol. It has been created for purposes such as the bounty program; to tackle transactions between long-term value provides and consumers.<\/p>\n

Each week, TFL and Terra Bites will select 3 bounties. The winner by each category will receive $500, and the other two places will receive $100 and $50, respectively. At first, submissions will be accepted via written articles but will be expanded in the future.<\/p>\n

Content bounties will originally be confined to written content from topics selected by TFL and Terra Bites. However, we are exploring expanding the program to include visual content, including video walkthroughs, animated explainer videos, graphics design, and more. Bounty topics will also be open to contributions from the community down the line.<\/p><\/blockquote>\n

Participants must send their submissions via a Medium post, created from their own accounts, before the Wednesday after the bounty has been posted at 5 PM PST.<\/p>\n","protected":false},"excerpt":{"rendered":"

Before the crash in the crypto market, Terra (LUNA) saw one of the strongest rallies of 2021. This platform\u2019s native token traded under $1 early in the year and reached an all-time high of $22 before dropping to its current price at $5,88. The rally translates into a 2,691% profit in one year. Its ecosystem has been growing equally fast. Therefore, the protocol has decided to launch Terra\u2019s Community Bounty Program. The official announcement claims the following: Terra\u2019s ecosystem is flourishing. Third-party projects are popping up seemingly every day & opportunities for community members to contribute to the growth of TeFi are abundant. In light of this growth, the protocol has launched this initiative and with-it financial incentives for the users to help spread the benefits of this ecosystem. The program has been created in partnership with Terra Bites, a podcast dedicated to this protocol, and Learn Terra. The program has the objective of increased the adoption of this protocol and the applications based on its ecosystem. The team behind Terra believes educational content can help bring more users to the platform. High-level overviews of Terra applications, step-by-step tutorials of how to use apps, and detailed guides on the widening variety of yield farming strategies using Terra assets have helped onboard new users and provided better context on the Terra ecosystem. How To Contribute With Terra, Its Ecosystem, And Earn Money Every Friday, users and community members can find 3 \u201cbounty topics\u201d listed on Learn Terra\u2019s official website, in the Bounties section. Participants can submit the bounties, written articles of around 1,500 words that cover different topics and earn rewards in UST, the protocol\u2019s native stablecoin. The articles can be tutorials, walkthroughs, analyses, and other formats. The program\u2019s first-month bounty will be funded by Terraform Labs (TFL). Later, it will receive funding from a Pylon Protocol deposit contract. Pylon is comprised of a series of saving and payments DeFi products build on top of Terra\u2019s Anchor Protocol. It has been created for purposes such as the bounty program; to tackle transactions between long-term value provides and consumers. Each week, TFL and Terra Bites will select 3 bounties. The winner by each category will receive $500, and the other two places will receive $100 and $50, respectively. At first, submissions will be accepted via written articles but will be expanded in the future. Content bounties will originally be confined to written content from topics selected by TFL and Terra Bites. However, we are exploring expanding the program to include visual content, including video walkthroughs, animated explainer videos, graphics design, and more. Bounty topics will also be open to contributions from the community down the line. Participants must send their submissions via a Medium post, created from their own accounts, before the Wednesday after the bounty has been posted at 5 PM PST.<\/p>\n","protected":false},"author":535,"featured_media":462405,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[83641,83642,65698],"class_list":["post-466806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-luna","tag-lunausdt","tag-terra"],"acf":[],"yoast_head":"\nWhy Terra (LUNA) Will Reward Users With New Community Bounty Program<\/title>\n<meta name=\"description\" content=\"Before the crash in the crypto market, Terra (LUNA) saw one of the strongest rallies of 2021. 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/ktsl888.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Why Terra (LUNA) Will Reward Users With New Community Bounty Program","url":"http:\/\/ktsl888.com\/news\/terra-reward-users-with-bounty-program\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/terra-reward-users-with-bounty-program\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/04\/LUNA-Terra-LUNAUSDT.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/04\/LUNA-Terra-LUNAUSDT.jpg?fit=592%2C672"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["luna","lunausdt","terra"],"dateCreated":"2021-07-03T20:59:03Z","datePublished":"2021-07-03T20:59:03Z","dateModified":"2021-07-03T20:59:03Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Why Terra (LUNA) Will Reward Users With New Community Bounty Program\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/terra-reward-users-with-bounty-program\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/terra-reward-users-with-bounty-program\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/LUNA-Terra-LUNAUSDT.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/LUNA-Terra-LUNAUSDT.jpg?fit=592%2C672\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"luna\",\"lunausdt\",\"terra\"],\"dateCreated\":\"2021-07-03T20:59:03Z\",\"datePublished\":\"2021-07-03T20:59:03Z\",\"dateModified\":\"2021-07-03T20:59:03Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/04\/LUNA-Terra-LUNAUSDT.jpg?fit=592%2C672","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/466806"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=466806"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/466806\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/462405"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=466806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=466806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=466806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}