moon is the end

Moon is End? luna has lost 99.98% of its value in the last seven days. The digital currency rose from $423.99 on May 5 to $0.076 on Thursday (12). Experts explain that the downward movement is due to the stablecoin – crypto paired with some asset – operating in an algorithmic way. Luna is a cryptocurrency native to the terra blockchain, and was created by a team of developers from South Korea. Its purpose was to serve as an engine supporting the stablecoin UST, which was priced at $1. That is, when the UST exceeded US$ 1, a certain amount of luna was burned for the value to be equivalent. On the contrary, if the price dropped, a quantity of luna was issued to try to raise the value of the UST.