Luna coin price prediction -LUNA Would Tap $143 This Year

Today we will discuss Tera luna Luna coin price prediction in this post. The Luna coin is a new cryptocurrency with the goal of becoming the world’s first sustainable digital currency. Luna uses cutting-edge cryptography and blockchain technology to create a safe, anonymous, and distributed platform.

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Luna coin price prediction

Luna coin is trending now, because of its popularity. If you are thinking about investing in Luna coin you can go.

Luna coin price prediction
Luna coin price prediction
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Luna coin price prediction
Luna coin price prediction
Luna coin price prediction

Where did Luna and TerraUSD (UST) come from? Luna and TerraUSD (UST) are tokens native to the Terra network developed by Terra Labs in South Korea. CoinDesk writes that the Terra blockchain is built on Cosmos SDK; a framework that enables developers to create their own custom blockchains and create decentralized applications on top of Terra for various practical uses.

Is Luna crypto?

This crypto token bears no relation to collateralized loans. Instead, it is a Stablecoin that makes use of Terra’s protocols.

What Is Terra (LUNA)?

Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.

Development on Terra began in January 2018, and its mainnet officially launched in April 2019. As of September 2021, it offers stable coins pegged to the U.S. dollar, South Korean won, Mongolian tugrik, and the International Monetary Fund’s Special Drawing Rights basket of currencies — and it intends to roll out additional options.

Terra’s native token, LUNA, is used to stabilize the price of the protocol’s stablecoins. LUNA holders are also able to submit and vote on governance proposals, giving it the functionality of a governance token.

Who Are the Founders of Terra?

Terra was founded in January 2018 by Daniel Shin and Do Kwon. The two conceived of the project as a way to drive the rapid adoption of blockchain technology and cryptocurrency through a focus on price stability and usability. Kwon took on the position of CEO of Terraform Labs, the company behind Terra.

Prior to developing Terra, Shin co-founded and headed Ticket Monster, otherwise known as TMON — a major South Korean e-commerce platform. He later co-founded Fast Track Asia, a startup incubator working with entrepreneurs to build fully functional companies.

Kwon previously founded and served as CEO of Anyfi, a startup providing decentralized wireless mesh networking solutions. He has also worked as a software engineer for Microsoft and Apple.

What Makes Terra Unique?

Terra seeks to set itself apart through its use of fiat-pegged stablecoins, stating that it combines the borderless benefits of cryptocurrencies with the day-to-day price stability of fiat currencies. It keeps its one-to-one peg through an algorithm that automatically adjusts stablecoin supply based on its demand. It does so by incentivizing LUNA holders to swap LUNA and stablecoins at profitable exchange rates, as needed, to either expand or contract the stablecoin supply to match demand.

Terra has established a number of partnerships with payments platforms, particularly in the Asia-Pacific region. In July 2019, Terra announced a partnership with Chai, a South Korea-based mobile payments application, in which purchases made using the application on e-commerce platforms are processed via the Terra blockchain network. Each transaction is subject to (on average) a 2%–3% fee charged to the merchant.

In addition, Terra is supported by the Terra Alliance, a group of businesses and platforms advocating for the adoption of Terra. In February 2019, the company announced that e-commerce platforms from 10 different countries, representing a user base of 45 million and a gross merchandise value of $25 billion, were members of the alliance.

Where Can You Buy Terra (LUNA)?

Terra’s native token, LUNA, is listed on several cryptocurrency exchanges — including HuobiBitfinex, and Upbit — where it is available to be traded against fiat currencies, stablecoins, and other cryptocurrencies.

Are you interested in buying LUNA or other cryptocurrencies such as Bitcoin? CoinMarketCap has an educational section — Alexandria — to teach you all about crypto and how to buy your first coins.

To check LUNA price live in the fiat currency of your choice, you can use CoinMarketCap’s converter feature directly on the Terra currency page. Alternatively, use the dedicated exchange rate converter page. Popular LUNA price pairs include LUNA/USDLUNA/GBPLUNA/AUD, and LUNA/JPY. Source link. Read more about Tera Luna.

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