Cryptocurrency Q&A
Is Terra a coin or token?
Is Terra a coin or token?
Valeria
Sat Nov 02 2024
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7 answers
1251
I'm trying to figure out whether Terra is classified as a coin or a token in the cryptocurrency world. I need clarification on this to better understand its properties and how it fits into the broader crypto landscape.
7 answers
CryptoAlchemy
Mon Nov 04 2024
Beyond its function as a backing asset, LUNA is also utilized as a governance token.
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KimonoSerenity
Mon Nov 04 2024
These stablecoins are named after the currencies they are pegged to.
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Raffaele
Mon Nov 04 2024
One notable example is TerraUSD (UST), which is pegged to the U.S. dollar.
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EnchantedPulse
Mon Nov 04 2024
LUNA plays a crucial role in the Terra ecosystem.
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GeishaMelodious
Mon Nov 04 2024
It serves as the primary backing asset for Terra stablecoins.
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