LUNA is the native staking token of the Terra protocol. We support the Ethereum (ERC-20) version of LUNA , which is a multi-chain asset.
Read moreIs Luna an NFT?
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Read moreCan u mine Luna coin?
Coin Classification The Terra protocol runs on a Proof of Stake (PoS) blockchain, whereby miners must stake their Luna in order to mine transactions . All else being equal, a validator who has staked more Luna has a higher chance of generating the next Terra block compared to another validator who has staked less.
Read moreWhat is the difference between Terra and Luna coin?
While Terra’s stablecoins ensure seamless transactions and the stability of fiat currencies, the Terra crypto network uses its native LUNA currency as a utility and governance coin to operate the collateralizing mechanisms that back and secure the price stability of the Terra network’s stablecoins.
Read moreIs TerraUSD the same as UST?
TerraUSD (UST) is the decentralized and algorithmic stablecoin of the Terra blockchain . Its value is pegged 1:1 to the US dollar, making it an ideal medium of exchange on DeFi and TraFi platforms. We support the Ethereum (ERC-20) version of UST, which is a multi-chain asset.
Read moreHow do you get TerraUSD?
Here’s how to buy TerraUSD with the Coinbase app for U.S. residents.
Read moreHow does Terra Luna Work?
LUNA is the Terra protocol’s native token, used for staking, governance and collateral for the network’s algorithmic stablecoins . LUNA coin holders can stake their tokens to earn rewards and use their weight to vote on governance proposals for the ecosystem. LUNA has a dynamic supply of 1 billion coins.
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