Cryptocurrency Q&A
What is Terra coin used for?
What is Terra coin used for?
Daniela
Sat Oct 26 2024
|
7 answers
1685
I'm curious about the utility of Terra coin. I want to know what it's primarily used for, like what kind of transactions or services it enables, and maybe even its role in the broader crypto ecosystem.
7 answers
KimonoElegance
Mon Oct 28 2024
Terra LUNA served as the native token of the network.
Was this helpful?
50
39
ShintoMystery
Sun Oct 27 2024
It played a crucial role in the network's staking and governance processes.
Was this helpful?
367
52
Chiara
Sun Oct 27 2024
Validators were rewarded for their contributions to the network.
Was this helpful?
271
59
Silvia
Sun Oct 27 2024
Besides staking, users had another option with LUNA. They could burn it.
Was this helpful?
348
53
EclipseChaser
Sun Oct 27 2024
Users were incentivized to stake LUNA to participate in governance.
Was this helpful?
206
89
Load 5 more related questions
