What is Luna crypto?

Luna crypto is a native cryptocurrency of the Terra blockchain. Each blockchain has a single native coin that forms its backbone, while it can have hundreds of crypto tokens on it. When the Luna coin was launched on various cryptocurrencies in 2019, it was hailed as one of the most successful decentralised finance (DeFi) currencies.

What is Luna (Luna)?

LUNA is a governance token, and it also pegs Terra’s value to other stablecoin. Currently, TerraUSD (UST) stablecoin is for the Terra ecosystem and also other blockchain systems such as Solana through Mirror Protocol. One of Terra’s goals is to gain resources from seigniorage and distribute them to DApps.

What is Luna & terraus (Ust)?

Luna is the native token for the Terra blockchain, used for staking and adjusting Terra's price. TerraUS (UST) is the Terra token that is pegged to the U.S. dollar. Terra refers to an open-source blockchain protocol for stablecoins and apps and is one of two main cryptocurrency tokens under this protocol.

Is Luna a stablecoin?

The original native token — LUNA has also been renamed as LUNA Classic (LUNC). Moreover, all network stablecoins (UST, KRT, EUT) have been renamed to Terra Classic stablecoins (USTC, KRTC, EUTC). There will be no Terra stablecoins on the new chain.