LUNA coin is used as a protocol token to reduce the volatility of the stablecoins on the Terra blockchain . It is part of a dual token system with terraUSD: To mint more TerraUSD, the equivalent value of LUNA must be burned. This maintains the stable price of terraUSD and gives LUNA its value.3 Mar 2022
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Terra (LUNA): A Stablecoin-Powered Payment Platform . Terra is a next-generation blockchain payment network interwoven with stablecoins and powered by its own LUNA coin.
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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.
Read moreHow much is Luna worth?
The price of LUNA/USD may trade around $68.56 by the end of 2022 and $104.05 by 2025 . According to the latest long-term forecast, Terra price will hit $75 by the end of 2022 and then $100 by the middle of 2023. Terra will rise to $200 within the year of 2025, $250 in 2027 and $300 in 2030.
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