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BTCC / Hashtag / wrapped luna
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What is wrapped Luna (Luna)?

What is Wrapped Luna? Wrapped Luna is an Ethereum token made to represent Luna on the Ethereum blockchain. It is a separate ERC-20 token designed to track the value of Terra Luna. Wrapped Luna was further created to enable Luna holders to trade, hold and participate in decentralised finance dApps on Ethereum.

What is wrapped Lana?

For example, Wrapped LUNA is a form of the LUNA Classic token that exists outside outside its native Terra Classic blockchain network. The value of Wrapped LUNA is pegged to the value of LUNA Classic. Wrapped coins can be redeemed for the cryptocurrency that they represent at any given moment.

What is a wrapped Luna token?

Users can also trade WLUNA to Luna through a WLUNA partner, and vice versa. The concept of wrapped tokens can be further described as the tokenised form of another coin, usually anchored to the value of the asset that it represents. These tokens can be redeemed or "unwrapped" by users at any time. Wrapped Luna 2.0?

What is wluna (wluna)?

WLUNA was created to allow LUNA holders to trade, hold, and participate in decentralized finance (“DeFi”) dApps on Ethereum. Through a WLUNA partner, 1 LUNA can be exchanged for 1 WLUNA, and vice-versa.

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