Cryptocurrency Q&A
Who owns Terrausd?
Who owns Terrausd?
StarlitFantasy
Fri Jun 28 2024
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7 answers
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Inquiring minds often want to know: Who exactly owns TerraUSD? This digital asset, which is pegged to the US dollar, has garnered significant attention in the crypto space. While the underlying blockchain technology of TerraUSD is open-source and decentralized, the question of ownership still looms large. Is it owned by a central authority, a group of investors, or perhaps a consortium of developers? Understanding the ownership structure of TerraUSD is crucial for investors seeking clarity and transparency in this rapidly evolving digital currency landscape. Let's delve deeper into this question and uncover the truth behind who truly owns TerraUSD.
7 answers
Chloe_thompson_artist
Sun Jun 30 2024
This shift in ownership structure significantly altered the balance of power within the company.
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WindRider
Sun Jun 30 2024
However, over time, Kwon decided to increase his stake in the firm.
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Andrea
Sun Jun 30 2024
By acquiring additional shares, Kwon expanded his ownership from the initial 50% to a significantly larger portion.
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Elena
Sun Jun 30 2024
Terraform Labs was founded by Kwon and Shin, with each founder initially holding one share.
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Dario
Sun Jun 30 2024
Eventually, Kwon's stock pool grew to eleven shares, representing a significant majority of the company's total shares.
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