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What is Luna coin?

Luna coin, or LUNA, was created by Terraform Labs, a cryptocurrency developer founded in 2018 by South Korean entrepreneurs Do Kwon and Daniel Shin. LUNA operates on a blockchain platform called Terra, also created by Terraform. What makes Terraform special? This year, the concept of decentralized finance—or DeFi—exploded on the scene.

How many terra (Luna) coins are there?

Many blockchain networks rely on oracles, particularly when it comes to price discovery. The total supply of Terra (LUNA) stands at 994,020,157 coins and the circulating supply is currently at 403,360,309.15 LUNA.

What is a Luna token?

Luna tokens are Terra's way of keeping its stablecoin prices where they should be. It incentivizes trading between Luna and stablecoins when it needs to increase or reduce the stablecoin supply. Here's a hypothetical example -- UST, Terra's U.S. dollar stablecoin, is in demand. That has raised the price to $1.05 when it should be $1.

What is Terra's native currency?

Terra’s native currency, LUNA, is a versatile token in the network critical to the platform’s growth. The Terra US Dollar, or UST, is a cryptocurrency tied to the US dollar via an algorithm. According to The Fortune, Terra is a stablecoin designed to lessen the volatility associated with cryptocurrencies such as Bitcoin.

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