Image created with Canva Pro
Coinhall: Terra (Luna) Network's Information Central
The unique aspects of Terra (Luna) Network are what I have been enjoying most as I dive deep into a number of Terra (Luna) Network projects and protocols. If you have been following my reports over the past few months there are no shortage of new and emerging project on the Terra (Luna) Network. With lots of opportunities and a lot of different interests.
The difference which stands out amongst other blockchains is that Terra is doing things differently which is quite innovative in the current market where a lot of blockchains are just carbon copies of others. From airdropping all new project tokens to Luna stakers to each project further advancing previous iterations.
For this reason I believe Luna will be a top 5 token soon enough (not financial advice) as it continues to push the very boundaries of what is achievable in the industry.
Today we meet with Coinhall and speak to the team who are building a one stop shop for ALL your Decentralised Finance needs, don't miss out on our exclusive interview at the end of the project deep dive.
Coinhall Beyond Price Feeds
A clear example of Terra (Luna) Network taking things to the next level is the Coinhall price chart that has a large range of inclusions and added benefits ranging from current market data, a decentralised exchange and rewards and discounts for those who stake LUNA to their validator.
Unlike Coinmarketcap and Coingecko which are market price charts and have rolled out a number of changes slowly over the years to include a points reward system with candies and diamonds which can be claimed to purchase items from their internal store.
Coinhall moved fast in creating premium features as requested by the community and have actively sought the ground up feedback in evolving the platform.
You may have also recently noticed that not a lot of Terra (Luna) Project tokens are listed on Coinmarketcap or Coingecko with many exclusively being listed on COINHALL Terra (Luna) Network's version of a market price list.
Coinhall DEX
Beyond just being a price aggregator Coinhall has implemented a decentralised exchange with quite the affordable transaction cost at 0.10 UST but this can be further reduced and even made free which we will visit a little lower below.
Beyond providing live price charts and analytics Coinhall aggregates across all Terra DEXes via their platform at quite the affordable transaction cost at 0.10 UST but this can be further reduced and even made free which we will visit a little lower below.
The decentralised exchange has the ease of use as you would expect you match on token to the one you want, click swap and the process is completed. There are two ways of swapping to a token you can either visit the swap section and search for the token you're after or you can click on a token from the homepage/price feed section and it will automatically become a UST to Token swap. Which you are able to alter to pay with UST or another token.
Pairing with Coinhall
At current Coinhall doesn't have a pairing options and utilises the best market feeds to deliver the best price to purchasers through Terraswap and Astroport. It is planning on further developing the DEX aggregation capabilities to enable limit orders and routing.
There are rumours of a Coinhall token which will be airdropped to users who are Luna stakers, delegators of Coinhall and have participated in the swap function with the biggest hint to the snapshot taking place on the official Coinhall Twitter. The Coinhall team declined to comment on this and instead reminds the community that they are committed to accruing value back to the active supporters.
Stake to Subscribe
Image Source Coinhall Stake to Subscribe
The most unique feature to date and for any decentralised exchange is the latest development from Coinhall that enables Luna participants to delegate Luna tokens to Coinhall's validator on Terra (Luna) Network in return for subscription based rewards.
Not only does delegating reduce fees based on the amount you delegate which you can experiment with the slider bar but it unlocks additional features including tracking your portfolio for you so you don't have to!
Image Source Stake to Subscribe
There are currently four tiers available but only three currently give rewards with the fourth one being named MOONWALKER requiring 10,000+ staked Luna. Unfortunately it's descriptor has been REDACTED and we wait patiently for what it may provide.
Subscribe and Swap Contest
Most recently Coinhall held a Sub & Swap Giveaway contest to launch their subscription feature and anyone who delegated Luna and then headed over to participate in swapping for set tokens were eligible to win a slice of the total prize pool which was set at 20,000 UST. The contest was announced on Twitter and the winners have been now selected.
Terra's Growth
The projects that continue to launch on Terra (Luna) Network continue to provide a new way to engage, earn and participate in blockchain technology which has seen the network grow in popularity and price strength.
The Interview
What do you hope to achieve with Coinhall?
We aim to build a comprehensive, personalised platform with superior UIUX that can accompany our community in their DeFi journey in Terra (and soon IBC, and beyond). Our main goal is to minimise information asymmetry, so that even the average person can easily understand and analyse the on-chain data that we are presenting.
How did you come up with Coinhall?
Coinhall was built out of a necessity for ourselves since there were initially no Realtime price charts for Terra tokens. Subsequently, we decided to open it up to the community, and to our delight, our users started growing organically from just friends to hundreds, thousands, and now, over a 100,000+ Monthly Active Users in just 3 short months.
We initially wanted a name that could suit Terra — many protocols had names that are inspired from StarCraft, so our initial idea when we first started back in August was to name it after an important building in StarCraft, something which people start from and return to at the end of the day. Eventually, we decided on the word “Hall”, where it’s really the “hall” in Townhall or Guildhall — a place where information is and where people first start off their journey, but which they will eventually return to again.
What are the current benefits of using Coinhall?
Realtime Price charts for Terra — price charts across all AMM DEXes on Terra which are updated in real time every block. We also offer the full Trading View Integration where you can leverage all of their indicator libraries, charting tools and more.
you can easily view the most important metrics in here, from volume to liquidity to fees to estimated APRs of all pairs across the Terra AMM DEXes. Swap integration across all Terra AMM DEXes, currently supporting Astroport, Terraswap, Loop, TerraFloki, Terraformer
Set and receive price alerts of any pair directly to your Telegram account personal or group chats where you can query prices anytime and receive price alerts
It will be interesting to continue to watch Terra (Luna) grow over the coming months and years and no doubt it will be an exciting and innovative network to be involved in. If you would like to know more about Coinhall you can find our more on their official medium join their Telegram group and follow their official Twitter account.
Image sources provided supplemented by Canva Pro. This is not financial advice and readers are advised to undertake their own research or seek professional financial services
Posted Using LeoFinance Beta
