Explain Like I'm 5 Official NFT Series

5 Year old Eli, is a confused Dog traveling through space exploring the Luna ecosystem trying to understand WTF is going on. With 10,000 unique NFT’s we explore all of Eli’s emotions, styles and surroundings. The Eli5 collection aims to give back to the community by helping explain and understand the terra ecosystem with the ELI5 foundation. 

10,000 NFT’s

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Minting 10,000

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5 year old Eli believes the future is in Terra Luna ecosystem and so do we. Therefore ELI the dog will be minted on this galactic blockchain.

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Rarity

It all begins with an idea. Maybe you want to launch a business. Maybe you want to turn a hobby into something more. Or maybe you have a creative project to share with the world. Whatever it is, the way you tell your story online can make all the difference.

 
 
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Well… It’s so simples… Is it?

Terra is a blockchain network built using Cosmos SDK specializing in stablecoin creation. Rather than use fiat or over-collateralized crypto as reserves, each Terra stablecoin is convertible into the network's native token, LUNA.LUNA allows holders to pay network fees, participate in governance, stake in the Tendermint Delegated Proof of Stake consensus mechanism, and peg stablecoins.To peg a stablecoin like TerraUSD (UST), a USD value of LUNA is convertible at a 1:1 ratio with UST tokens. If UST's price is, for example, at $0.98, arbitrageurs swap 1 UST for $1 of USD and make 2 cents. This mechanism increases UST demand and also reduces its supply as the UST is burned. The stablecoin then returns to its peg.When UST is above $1, say at $1.02, arbitrageurs convert $1 of LUNA into 1 UST and make 2 cents. The supply of UST increases, and demand for UST also decreases, bringing the price back to peg.

Bla Bla Bla……………

ROADMAP

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Navigating the Terra Luna ecosystem can be hard…

With a multitude of projects being created all the time some times we need simplicity and cuteness.

Eli5 NFT Sales Distribution

25% Pays team

75% to Eli5 Foundation Yield bearing (Anchor)

  • 25% Ad- Hoc initiatives, marketing, competitions, sweeping the floor 

  • 70% Funding NFT Airdrop initiative for Eli5 holders

  • 5% charity - angel protocol

5% Resale Fee pays creators

  • Eli5 website

5 year old Eli believes the future is in Terra Luna ecosystem and so do we. Therefore ELI the dog will be minted on this galactic blockchain.