LUNA terra. is the root token ofOne blockchain Founded in 2018, it launched its mainnet in April 2019 through the Cosmos SDK platform, which is a so-called . focused on creating stable coins,
In this scenario, LUNA acts as a guarantee for the rest of the digital currencies it uses. EarthLike USD, so that they can be converted back to LUNA later, which makes it different from other stable coins,
To “anchor” the Terra stablecoin, miners or cryptocurrency maker You must convert it to a fiat value, i.e. a stable currency in Euros will be convertible into LUNA for the value of one Euro; same will happen with other types of currencies E.g. a dollar, an Argentine peso, a won, a yen, among others, thus guaranteeing its “stability” by keeping it at a fixed rate.
For example, if the price of Tera UST is $9.98, the swap would be one dollar, so the user would earn two cents, such a situation. This would increase the demand for UST and reduce supply through burning (the destruction of some...
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