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 do I buy Luna (Luna)?

You can buy LUNA on BuyUcoin and then store it, and participate in governance with Terra Station, the Terra blockchain network’s official wallet and dashboard. The Terra ecosystem’s consensus mechanism allows LUNA holders to stake their tokens. Users who stake LUNA receive rewards derived directly from Terra protocol swap fees.

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 Terra Luna (Luna)?

For those wondering what Terra LUNA is, the coin is used as a protocol token to reduce the volatility of the stablecoins on the Terra blockchain. It is part of a dual token system with terraUSD; to mint more terraUSD, the equivalent value of LUNA must be burned.