Is Luna a utility token?

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.

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What is Terra Luna?

Terra (LUNA) is one of the few top cryptocurrencies that’s actually gained value this year . The LUNA token gained over 20% in 24 hours and is now up about 50% in the past 90 days. Plus, Terra just reached a new all-time high at a point when many cryptocurrencies are down around 40% or more.

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