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.
Read moreHow 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.
Read moreWho is behind Terra Luna?
Luna (LUNA) and TerraUSD (UST) are two native tokens of the Terra network, a blockchain-based project developed by Terra Labs in South Korea.
Read moreWhy is Fantom dropping?
The Fantom network is no longer experiencing the kind of adoption it was getting. This is because of the availability of more competing products like the Bitgert BEC20 blockchain . It is a cheaper and faster chain which makes Fantom appear inferior.
Read moreWill Luna go up?
DigitalCoinPrice also predicts LUNA will continue its general uptrend through 2022 . The LUNA crypto forecast says it will reach an average of $131.33 in Aprial and $142.39 in April 2023. And it predicts the cryptocurrency to break through $150 next year.
Read more