Digital Luna

Digital Luna
Simply put, Luna Terra is a blockchain where stablecoins can be created.

It is an open source Layer 1 protocol that allows the creation of stablecoins pegged to physical currencies or assets.

This cryptocurrency can be traded, spent, saved and exchanged on the platform.

Terra blockchain is already gaining traction around the world as a DeFi service provider and stable payment platform. However, it is still developing and expanding.

The luna cryptocurrency platform uses Terra as its native token and to maintain the stability of the stablecoins.

The total supply of LUNA is less than a billion.

LUNA performs various functions, including paying transaction fees, absorbing volatility, and warehousing.

It is also used to participate in the management of the platform.

Owners can create and vote on proposals in the community.

Terra (LUNA) is worth $98.8 and ranks ninth with a market capitalization of $36 billion.

Also read: Cheap digital currencies have a future that must be bought

Luna coin project
Terra is a cryptocurrency payment solution that has been gaining a lot of momentum since its inception in January 2018 by Daniel Shin and Do Kwon, the two guys behind Terraform Labs.

The platform is designed to take into account and be aware of the price volatility of blockchain-based assets.

Terra focuses on price stability and usability and uses smart contract-backed crypto versions of fiat currencies, called stablecoins, in its platform.

Terra has already launched several fiat stablecoins, including TerraUSD (UST), TerraCNY, TerraKRW, TerraEUR, and many other altcoins. The platform provides easy and fast cross-border transactions without any hassle and is used by retailers all over the world.

The network's native token, LUNA, is an important component of the Terra ecosystem and is responsible for managing the platform.

The LUNA token is responsible for operating the collateral mechanisms that keep stablecoins in check and avoid massive volatility.

LUNA uses the Proof of Stake consensus and has a flexible offering depending on the platform’s need for stablecoins in circulation.

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