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Category Archives: Terra

New COVID-19 variant emerges, BTC drops, stocks sell-off, what’s happening?

Global markets went into a tailspin Friday following news of a heavily-mutated Covid-19 variant first detected in southern Africa. The World Health Organization will meet on Friday to address the emergence of the B.1.1.529 variant, which South African scientists have said contains more than 30 mutations to the spike protein, the component of the virus that binds […]

88.7 million LUNA tokens ($4.5 billion) will be burned and swapped for the stable coin (UST)

Terra, the algorithmic decentralized stablecoin project will burn $4.5 billion worth of its native coin LUNA from its community pool. The decision was taken through Terra’s on-chain governance system. According to their Twitter announcement, LUNA will be burned and swapped for UST, which is Terra’s native stablecoin. The burn will take place on every 800 blocks generated by […]

There are 10 times more Metaverse users today as compared to 2020

The price of these two native tokens for open Metaverse platforms such as Decentraland (MANA) and The Sandbox (SAND) have been on a tear of late, gaining 49% and 102% each to sit at $5.03 and $7.60 at the time of writing. Crypto investment giant Grayscale has published a bullish report on the Metaverse, estimating […]

Why am I so confident about Terra (Luna)?

So what’s Luna all about? Well as of 23rd November 2021, it’s ranked 14 with a $17 Billion Market Cap! Terra (Luna) is the world’s biggest dual-token platform, which is a network with two intertwined tokens that have separate utility. LUNA coins are on its native blockchain, while Terra USD (CRYPTO: TUSD) stablecoins are on […]