What does Terra (LUNA do)

Moving on, another coin to consider investing in is Terra (LUNA) – a blockchain platform that leverages the dollar-pegged UST to construct a worldwide payments system . It uses a set of algorithmic decentralized coins to power a thriving ecosystem that makes DeFi (Decentralized Finance) accessible to everyone.

Is LUNA coin a good investment? It might be . LUNA coin has been behaving bullishly this past year and analysts predict this trend will continue. The token has proven volatile, but such peaks and troughs could be attributed to external factors such as the crypto market crash.

The protocol incentives users to burn Terra and mint Luna. The decrease in Terra’s supply causes scarcity, and the price of Terra increases. More Luna is minted from burned Terra until Terra reaches its target price . The Luna pool increases and lowers in price.

Create a New Wallet by typing a username and password (keep them secure). Send LUNA tokens from an exchange you purchased them to your Terra Station Wallet. Once you have the tokens in the wallet, go to the staking tab. Choose a validator to delegate your tokens and earn yield by staking.