Quote from: Abiky on June 27, 2023, 12:50:32 PM

Quote from: OcTradism on June 25, 2023, 12:50:27 PM

Justin Sun and his team tried to build an algorithmic stable coin like Terra with LUNA and UST. With same technical structure, I feel bit red flag for TRON in future. After the attack and death spiral on LUNA and UST, TRON and USDD were attacked too. Fortunately Justin Sun is rich and the marketcap of USDD was small so he can help to protect the stablecoin peg. I am unsure that in future when TRON and USDD become bigger in marketcap, what will happen with them.

USDD is just another clone of UST (Terra/LUNA's failed stablecoin). Justin Sun literally copies other projects' ideas and tries to bring it to the TRON blockchain. There's no originality or innovation here. I guess that's why demand for TRX is so low compared to other cryptocurrencies being traded across exchanges today. The TRON blockchain is fast and cheap for daily payments, but other chains have better features and dApps that are true quality.

TRON's own algorithmic stablecoin (USDD) might fail in the future if TRX dumps real hard. It's "miracle" TRON is still alive after the rise of other smart contract Blockchains. If trading for TRX continues, it may last for quite some time. Who knows what the future holds for the project? Just my opinion

A scarcity of fresh features can slow a project, especially in the breakneck blockchain world. While TRON has speedy, affordable transactions up its sleeve, it doesnt stand tall against blockchains with standout features. It’s like perpetually chasing, but never outpacing.

Your speculation of USDD's risk if TRX tumbles drastically is a fair worry. It’s curious that TRON endures, even when eclipsed by superior smart contract blockchains. TRON's journey forward is a riddle, and its manoeuvre through these tumultuous crypto waves promises to be intriguing.