Before we understand Luna Coins; lets understand what exactly Terra ecosystem is all about. Terra is a decentralized financial infrastructure that powers innovation of “money”. It is a foundation block for a new digital economy that offers stablecoin protocol, smart contracts, oracle system, and a detailed plan for mass-user adoption.
Luna is the reserve currency of Terra platform whose core functions are: Mine Terra transactions through staking, Ensure price stability of Terra stablecoins (e.g. UST or Terra USD), Offer incentives to the blockchain validators of Terra platform, and Governance.
What is Terra (LUNA) ?
Before we understand Luna Coins; lets understand what exactly Terra ecosystem is all about. Terra is a decentralized financial infrastructure that powers innovation of “money”. It is a foundation block for a new digital economy that offers stablecoin protocol, smart contracts, oracle system, and a detailed plan for mass-user adoption.
Anubha Singh
4 months ago | 1 min read
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