Everyone asking if OM and Luna will have the same impact.
Short answer: HELL NO.
Long answer:
Luna (Terra Luna) crashed in 2022 because it was tied to a stablecoin called UST, which lost its peg to the dollar. Luna’s value depended on UST, and when UST failed, Luna’s supply was printed in massive amounts to save it causing a kutta crash.
OM (Mantra) is not tied to any stablecoin or algorithmic mechanism like Luna. It’s a regular utility token used for governance, staking, and DeFi purposes in the RWA (Real World Asset) ecosystem. Even if OM crashes, it doesn’t have a chain reaction effect on other coins or stablecoins.
Why OM won’t crash the crypto market like Luna
No algorithmic stablecoin involved. No unlimited minting mechanism. Not really a top 3 coin like Luna was back then. Doesn’t hold huge systemic risk to other protocols which means if Eth foundation dies 1000 of projects build on eth die as well. OM doesnt have projects on it.
In short: Luna was connected to a flawed stablecoin system. OM isn’t.
#BinanceSafetyInsights $OM
Short answer: HELL NO.
Long answer:
Luna (Terra Luna) crashed in 2022 because it was tied to a stablecoin called UST, which lost its peg to the dollar. Luna’s value depended on UST, and when UST failed, Luna’s supply was printed in massive amounts to save it causing a kutta crash.
OM (Mantra) is not tied to any stablecoin or algorithmic mechanism like Luna. It’s a regular utility token used for governance, staking, and DeFi purposes in the RWA (Real World Asset) ecosystem. Even if OM crashes, it doesn’t have a chain reaction effect on other coins or stablecoins.
Why OM won’t crash the crypto market like Luna
No algorithmic stablecoin involved. No unlimited minting mechanism. Not really a top 3 coin like Luna was back then. Doesn’t hold huge systemic risk to other protocols which means if Eth foundation dies 1000 of projects build on eth die as well. OM doesnt have projects on it.
In short: Luna was connected to a flawed stablecoin system. OM isn’t.
#BinanceSafetyInsights $OM
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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