Why is Luna Terra good?

Terra seeks to set itself apart through its use of fiat-pegged stablecoins, stating that it combines the borderless benefits of cryptocurrencies with the day-to-day price stability of fiat currencies . It keeps its one-to-one peg through an algorithm that automatically adjusts stablecoin supply based on its demand.

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How does Terra Luna make money?

Who made LUNA Coin? LUNA is the native token of Terra, a blockchain developed by the Korean firm Terraform Labs. A total of $32m was raised to fund this development through the private sale of LUNA Coin . Investments came from centralised sources including Binance, Huobi, and OKEx.

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Is 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.

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How 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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