Data fetched by analytics platform Smart Stake showed that Terra protocol burned 29 million LUNA tokens worth $2.57 billion recently.
Read moreHow long does it take to Undelegate Luna?
Undelegate Luna to unstake it from a validator. The unstaking period takes 21 days to complete. Once started, the delegating or undelegating processes can’t be stopped. Undelegating takes 21 days to complete.
Read moreWhat is Luna for?
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 moreIs Luna a coin or token?
Luna (LUNA) and TerraUSD (UST) are two native tokens of the Terra network, a blockchain-based project developed by Terra Labs in South Korea.5 gün önce
Read moreWhat does Luna crypto do?
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.4 Mar 2022
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