What is Luna Terra?

LUNA is the native token of Terra, a blockchain developed by the Korean firm Terraform Labs . A total of $32m was raised to fund this development through the private sale of LUNA Coin. Investments came from centralised sources including Binance, Huobi, and OKEx.

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Is Terra Luna sustainable?

It’s the largest holder of UST (with above 50% of the total supply) and without its attractive APY, Luna won’t hold on its own at the current price. The huge interest rate offered isn’t sustainable in a bear market or during significant crashes .8 Oca 2022

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What is a Layer 1 solution?

Layer 1 refers to a base network, such as Bitcoin, BNB Chain, or Ethereum, and its underlying infrastructure . Layer-1 blockchains can validate and finalize transactions without the need for another network. Making improvements to the scalability of layer-1 networks is difficult, as we’ve seen with Bitcoin.

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