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.
Read moreWhat do you know about Terra Luna?
Terra (LUNA) is a decentralized financial infrastructure and blockchain protocol that introduces some unique concepts and theories into the market . The network leverages a native token, stablecoin protocol, oracle system, and smart contracts to bring users programmable money for the internet.
Read more