New coin listing update: LUNC/LUNA tokens are now listed on Kikitrade 🎉
Buy crypto with USD/USDT now on Kikitrade!
【New coin listing introduction】
◎LUNC
Rebranded from Terra, Terra Classic is a public blockchain based on Tendermint. It is home to the algorithmic stablecoin TerraClassicUSD (USTC).
After the depeg of USTC in May 2022, the community behind Terra Classic decided to create a new blockchain without the algorithmic stablecoins called Terra 2.0. The new LUNA tokens were airdropped to the old users that were affected by the depeg event.
◎LUNA
Based on Tendermint, Terra 2.0 is a public blockchain emerged from Terra Classic.
After the depeg of USTC in May 2022, the community behind Terra Classic decided to create a new blockchain without the algorithmic stablecoins called Terra 2.0. The new LUNA tokens were airdropped to the old users that were affected by the depeg event.
LUNA is the native token of the project. The current use cases for LUNA include:
Staking: Users stake LUNA to validators who record and verify transactions on the blockchain in exchange for rewards from transaction fees.
Governance: Token holders can participate in treasury governance and stakers can participate in proposals and voting.
Paying Fees: Users use LUNA for processing transactions and storing data.
Comments
0 comments
Please sign in to leave a comment.