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Tag Archives: terra

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 […]

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 […]