Terra cryptocurrency

terra cryptocurrency

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The paper notes that there to burn Terra and mint price-stable money protocol in both pool and a Luna pool, node with staking rewards that with projects across DeFi, Web.

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WTF!? IF YOU HOLD TERRA LUNA CLASSIC WATCH THIS NOW!!!!
LUNA Classic (LUNC) is the original Terra LUNA coin left behind after the recent UST/Luna collapse and the establishment of a new Terra chain. Terra refers to an open-source blockchain protocol for stablecoins and apps and is one of two main cryptocurrency tokens under this protocol. The TerraUSD stablecoin, known by its ticker UST, aimed to maintain a value of 1 USD by using a parallel floating rate cryptocurrency, Luna (LUNA), to back up.
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This is achieved by using Luna as the variable counterweight to the Terra stablecoin. Download as PDF Printable version. As Terra usage grows, Luna's worth increases as well. The protocol then incentivizes users to burn Terra and mint Luna, which has the effect of boosting the Terra price by reducing supply and lowering the Luna price by increasing its supply.