Is Luna an ERC20 token?

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.

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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.