LUNA

what is Terra(LUNA)?

Terra (LUNA) is a public blockchain protocol that emerged from Terra Classic. Terra Classic is home to the algorithmic stablecoin TerraClassicUSD (UST). It's now-renamed LUNC token collateralized UST, which crashed in a bank run in May 2022. That devalued LUNA to virtually zero and caused a launch of a new chain — resulting in Terra Classic and Terra. Read a full breakdown of the Terra crash here.

The development of Terra Classic launched in January 2018 and the blockchain launched in April 2019. It attempted to combine the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offer fast and affordable settlements through its UST stablecoin. Terra Classic offered stablecoins pegged to the U.S. dollar, South Korean won, Mongolian tugrik, and the International Monetary Fund's Special Drawing Rights basket of currencies.

The new Terra blockchain continues the legacy of Terra Classic without the UST stablecoin. It will keep building with the help of the LUNA community dubbed “LUNAtics” and evolve the world-class UX and UI that brought Terra Classic up to second place in total value locked (TVL) at its peak. Many DApps have agreed to migrate to Terra to continue their functionality.

What are the different types of cryptocurrency exchanges?

Binance、Coinbase Pro、OKEx、Kraken、Huobi Global、Bitfinex、MEXC

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Latest Terra (LUNA) news, we cover Terra (LUNA) news and blockchain news.
Follow the continued development of Terra and the rise of a borderless, permissionless financial system. The evolution of the Terra industry, the best ways to invest in Terra, and how Terra futures impact blockchain adoption. How industry stakeholders will work to make Terra a mainstay in people's lives.

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