Price for today
0,445 USD 9,54%
0,00000000 BTC 9,54%
Name: Terra
Symbol: LUNA
Circulating supply: 0 $
Max supply: 0 $
Price: 0,44516667 $
Volume 24h: 8309993 $
Market Cap: 376.497 M $
Percent change 24h: 9,5 %
LUNA is the native token of the modified Terra blockchain, which strives to provide a stablecoin platform that can scale to meet the demands of a global economy. It utilizes a unique price-stable cryptocurrency called UST to facilitate transactions, with LUNA acting as a reserve asset to stabilize the UST price. The protocol also utilizes a novel consensus algorithm called Tendermint, which allows for high throughput and rapid finality. The Terra project has gained substantial traction in the DeFi space, with numerous protocols and apps being built on top of its infrastructure. Recently, the project underwent a rebranding to Terra 2.0, signaling its continued growth and development in the blockchain ecosystem.
Terra is a blockchain protocol that arose from Terra Classic and has its own unique features. The Terra Classic blockchain contained a stablecoin titled TerraClassicUSD (UST), which was backed by the LUNC token. However, the UST stablecoin experienced a bank run in May 2022, resulting in a decline in LUNA's value and the start of a new blockchain. The newborn Terra blockchain is a separate entity from Terra Classic that does not include the UST stablecoin. Despite this, the LUNA community, also known as "LUNAtics," is dedicated to enhancing the user experience and interface of the network. Several DApps are moving to Terra to provide uninterrupted services to users.
Terra (LUNA) 2.0 is a crypto that emerged from Terra Classic after its crash in May 2022. It is suitable for staking, for which users receive rewards. Moreover, LUNA is also a governance token, granting holders voting power over the protocol. It is suitable for staking, for which users are rewarded. At the moment, Terra LUNA coin is ranked 107th according to the market cap. Terra 2.0 price is $[Price], whereas the all-time high price of LUNA is around $19.54 recorded on May 28, 2022.
The Terra Luna 2.0 blockchain that was created to compensate for the losses of investors from the previous project. It was named Phoenix-1, after a mythical bird reborn from the ashes.
A revival plan was suggested by Do Kwon, CEO of Terraform Labs, the company behind Terra, and voted on by the community. The plan called for a hard fork of Terra Classic and Terra, as well as compensation for token holders who suffered from the collapse by losing their holdings in network tokens.
Eligible holders of LUNC, USTC and UST should have been airdropped LUNA in the new chain according to the established schedule. The size of the airdrop was determined by the number and type of tokens (LUNA or UST), as well as the period of time during which they were held and bought (pre-crash or post-crash) in the Terra Classic chain.
Terra 2.0 is unique because it is built on an advanced blockchain protocol that offers faster transaction speeds, lower fees, and greater scalability than its predecessor, Terra Classic. Additionally, Terra 2.0 has a more robust ecosystem of decentralized applications, or DApps, that offer a wide range of services to users. Unlike Terra Classic, Terra 2.0 does not have a stablecoin, but the LUNA community is working to improve the user experience and interface. Many DApps are migrating to Terra 2.0 because of its advanced technology and growing ecosystem, making it an attractive option for developers and users alike.
The current market price for LUNA stands at $[Price] per unit against the USD, with a market cap of [Market_Cap] USD and a 24-hour trading volume of [Volume_24h] USD. The LUNA to USD exchange rate is updated in real-time, providing accurate and up-to-date information to investors. The circulating supply of LUNA is now [Circulating_supply] LUNA coins.
The Terra Coin Price Chart is an essential tool for investors seeking to convert major fiat currencies and cryptocurrencies. The conversion rates are determined by the Live LUNA Price Index and the price indices of other digital assets, providing accurate information on the value of LUNA and other cryptocurrencies. Despite the recent dip of -4.20% in the last 24 hours, Terra continues to be a promising blockchain network.
The total supply of Terra (LUNA) is about 1 billion tokens. Its distribution looks like this:
The size of the airdrop and the time period in which it will be paid out is determined by the number, type and time of holding the tokens.
There are currently [Circulating_supply] LUNAs in circulation.
For those who are wondering where and how to buy Terra 2.0, there are several ways to do it. One way is to navigate to a crypto exchange that supports it and buy it with fiat currency or other cryptocurrencies. Users can also buy Terra through peer-to-peer trading or by exchanging it for other cryptocurrencies. Another option is to participate in the Terra staking program, where users can get rewards in LUNA for contributing to the stability and security of the network.
To purchase Terra LUNA coin for fiat, you will have to register on one of the exchanges that support this asset. The fastest and easiest way is to buy for another crypto, with which LUNA is traded in pairs, here on Godex.
With the real-time chart, make sure Terra Luna price is profitable for buying coins. Also make sure you have a LUNA coin compatible wallet for secure storage. It's also essential to remember to choose the correct version of LUNA, as there is also a Luna Classic that is not related to Terra.
Terra is a protocol for stablecoins creation (stable-priced cryptocurrencies). Pantera and Arrington capital companies have invested in Terra to promote its projects, according to their CEO’s, Twitter accounts and Blockchain.cc. Terra has millions of users and has stablecoins pegged to traditional fiat currencies. Examples include USD to USDT, CAD to CADT, YEN to YENT and more.
LUNA is a stablecoin. Terra's coinage works in a different way. LUNA token backs up stablecoins, which is specified in an algorithm.
We also have Wrapped LUNA, which is an ERC-20 token on the Ethereum blockchain. The goal of WLUNA is to allow users participate DeFi (decentralized finance) dApps on Ethereum. It also can be trade or hold.
In order to maintain the price consistent, algorithmic stablecoins make use of a central bank or a pool of tokens that are managed by smart contracts (small bits of code placed on the blockchain). If the price of UST rises above $1, for example, the algorithm will employ LUNA to create additional UST and reduce the price. UST would be exchanged for LUNA if the price fell, and vice versa if the price rose. Look at Luna price chart to see Terra price usd and how volatile the currency is in short and long term.
Token holders can buy Terra stablecoins, which absorb volatility.
There are 400 million coins in circulation, with a total supply of 996 million LUNA. Godex is the most active exchange right now if you want to buy or sell Terra.
To buy and sell Terra to usd, you'll need a digital wallet, a secure internet connection, and some sort of payment system. LUNA converter on Godex is simple. There's no need to sign up to convert LUNA, and the exchange rate for LUNA is fixed at the time of the transaction. USDT, BTC and ETH are the most popular cryptocurrencies to convert LUNA with.
