LUNA is the native coin for the Terra ecosystem. This coin serves many purposes in the network. Primarily, it’s used to operate the collateralizing mechanisms that secure the price-stability of the network’s stablecoins . Additionally, it’s critical in locking value within the Terra ecosystem through staking.
Read moreWhat is Luna coin?
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
Read moreHow high can dash coins?
Capital.com’s rounded estimates take each Dash coin to more than $800 by the year 2028 for one of the longest term projections out of anyone. Digital Coin Price also sees a bearish picture for Dash, with long term estimates reaching around $600.
Read moreHow many Luna coins are there?
It has a circulating supply of 1,706,429 LUNA coins and the max. supply is not available. If you would like to know where to buy Luna Coin, the top cryptocurrency exchange for trading in Luna Coin stock is currently YoBit. You can find others listed on our crypto exchanges page.
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