What is Luna (Luna) and terrausd (Ust)?

Here’s why. Luna (LUNA) and TerraUSD (UST) are two native tokens of the Terra network, a blockchain-based project developed by Terra Labs in South Korea. The Terra blockchain is built on Cosmos SDK; a framework that allows developers to create custom blockchains and build their own decentralized applications on top of Terra for various use cases.

What is Terra (Luna) and how does it work?

Its customers can earn interest on their assets, spend them through its payment system, and even invest in synthetic stocks. And the token, Terra (LUNA) underpins much of what the company does. What it does: LUNA is a governance and staking token that fuels the whole Terra network. It supports Terra's stablecoins and payment processing systems.

What is Luna (Luna)?

Used for governance and mining, Luna is the Terra protocol's staking token, which absorbs the price volatility of Terra stablecoins. Users stake Luna to Terra blockchain miners (called "validators"), who record and verify transactions on the blockchain and receive rewards from transaction fees as compensation.

What happened to Terra Luna?

Cryptocurrency Terra Luna crashed over 97 per cent on Thursday, data from CoinMarketCap showed, with the cryptocurrency trading at $0.3122 as of 11:30 AM IST. And this has left crypto Twitter cracking up. Several memes have flooded the microblogging site and here are a select few.