$ 0.4091 USD
$ 0.4091 USD
$ 608.325 million USD
$ 608.325m USD
$ 79.646 million USD
$ 79.646m USD
$ 538.216 million USD
$ 538.216m USD
5.5127 trillion LUNA
Issue Time
2019-07-26
Platform pertained to
--
Current coin price
$0.4091USD
Market Cap
$608.325mUSD
Volume of Transaction
24h
$79.646mUSD
Circulating supply
5.5127tLUNA
Volume of Transaction
7d
$538.216mUSD
Change
24h
+8.19%
Number of Markets
519
More
Warehouse
None
Github's IP Address
[Copy]
Codebase Size
0
Last Updated Time
2017-10-26 16:31:36
Language Involved
--
Agreement
--
Current Rate0
0.00USD
3H
+0.99%
1D
+8.19%
1W
-26.32%
1M
+7.29%
1Y
-54.66%
All
+23.69%
Aspect | Information |
Short Name | LUNA |
Full Name | Terra Luna |
Founded Year | 2018 |
Main Founders | Daniel Shin and Do Kwon |
Support Exchanges | Binance, Huobi Global, Bitfinex, OKExBitget,KUCOIN,BitForexMEXC,BingX,XTRADE,DeepcoinGate.io,BTSE, and more |
Storage Wallet | Ledger Nano XTrezor Model TExodusCoinomiTrust WalletMyEtherWalletAtomic WalletGuarda WalletZenGoMath Wallet |
Customer Support |
|
LUNA is the native token of Terra Luna, a decentralized finance (DeFi) platform that powers a stablecoin ecosystem,as a governance and staking token for the Terra blockchain. an open-source blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. Established in 2018 by Daniel Shin and Do Kwon, the project aims to create an Internet of money that enables users to send money quickly and securely across borders. The transfer of LUNA tokens typically occurs on crypto exchanges such as Binance, Huobi Global, Bitfinex, OKEx and others. LUNA tokens can also be stored in crypto wallets like Trust Wallet and Ledger. Terra Luna employs a different kind of consensus algorithm called delegated Proof of Stake (dPoS), and the holders of LUNA can participate in the network's governance.
Pros | Cons |
Fiat-pegged stablecoins for price stability | Dependent on the success of the Terra ecosystem |
dPoS consensus for network security | Requires trust in elected validators |
Participation in governance for LUNA holders | Substantial market risk due to volatility |
Supports cross-border payments | Regulatory pressures may impact utility |
Supported by multiple exchanges and wallets | Limited adoption outside of Asia |
Over the coming decades, LUNA's price is expected to experience fluctuations. By 2030, the trading range is projected to be between $0.02080 and $24.37. In 2040, our forecast suggests LUNA could reach a peak price of $59.61, with a potential minimum around $0.04137.Looking ahead to 2050, technical analysis indicates that LUNA's price could range from $0.08013 to $94.96,with an estimated average trading price of about $77.49.
The Crypto Wallet of LUNA is the Ledger Nano S Terra (LUNA) 2.0 wallet.The Terra (LUNA) wallet is a software application that allows you to store, send, and receive LUNA tokens, the native cryptocurrency of the Terra blockchain. The wallet is available as a browser extension and a mobile app, and it can also be used with hardware wallets like the Ledger Nano S and Ledger Nano X.
Features of the Terra (LUNA) wallet:
How to download the Terra (LUNA) wallet:
LUNA is a unique cryptocurrency that sets itself apart from others with its emphasis on stability and functional utility. The most defining innovation of LUNA is its use of fiat-pegged stablecoins. These stablecoins, unlike most other cryptocurrencies, are pegged to traditional fiat currencies, mitigating the high volatility that is typically associated with digital currencies. This stability mechanism is designed to facilitate seamless global payments and minimize fluctuation risks for users.
Additionally, LUNA uses a unique consensus mechanism called delegated Proof of Stake (dPoS). In contrast to the traditional Proof of Work or Proof of Stake mechanisms used by many cryptocurrencies, dPoS involves network participants electing validators who secure the network and validate transactions. This method is intended to make the system more democratic and efficient.
What distinguishes LUNA is also its governance structure. LUNA token holders have the right to participate in the network's governance decisions, fostering a more decentralized environment.
LUNA operates on a fundamentally different protocol than Bitcoin and many other cryptocurrencies, using what's termed a Delegated Proof of Stake (dPoS) system, compared to Bitcoin's Proof of Work (PoW).
Rather than mining--the process Bitcoin uses to add transactions to the blockchain and release new coins, LUNA's dPoS system operates on minting through a process of validation and delegation. In the Terra ecosystem, validators are chosen by LUNA holders to validate transactions and maintain the network's security. As a consequence, there isn't any mining software, hardware, or mining speed associated with LUNA in the traditional sense of the term 'mining'.
In terms of processing time, Terra's blockchain is designed for fast settlement times and high throughput, making transaction confirmation and the overall user experience comparably faster than Bitcoins 10-minute block confirmation time. The exact speed can vary, however, as it depends on a number of factors including the total number of transactions occurring on the network and the current network capacity.
LUNA is supported by a variety of popular cryptocurrency exchanges. Some of these include Binance, known for its extensive selection of coins and comprehensive user interface. Huobi Global is another platform that offers LUNA, and is popular due to its high liquidity and market volume. Bitfinex and OKEx also support LUNA, offering various trading pairs for diverse market choices.
How to buy Terra (LUNA) on Coinbase:
Security Measures
LUNA tokens are secured by the Terra blockchain, which is a decentralized Proof-of-Stake (PoS) blockchain. PoS blockchains are considered to be more secure than Proof-of-Work (PoW) blockchains, such as Bitcoin, because they do not require miners to expend large amounts of energy to solve complex mathematical problems. Instead, PoS blockchains rely on validators, who stake their LUNA tokens to validate transactions and earn rewards. This creates a strong incentive for validators to keep the network secure, as they would lose their staked LUNA tokens if they were to act maliciously.
Transfer Address
The transfer address for LUNA tokens is its native token address on the Terra blockchain, which is terra1v0jpz9uq7ay823x96z52t47f3t078f0678. You can use any wallet that supports LUNA tokens to transfer LUNA tokens.
1. Software Wallets: These types of wallets are applications that can be installed on a computer or a mobile device. Trust Wallet is a popular software-based multi-currency wallet that supports LUNA. It provides an easy-to-use interface and focuses on mobile devices, making it a convenient option for users wanting to manage tokens on the go.
2. Hardware Wallets: These wallets offer the highest security for storing cryptocurrencies. They are physical devices that store users' private keys offline. Ledger, one of the most recognized hardware wallets, supports storage of LUNA tokens. These wallets are suitable for users who prioritize security and don't mind investing in more sophisticated storage solutions.
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