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What is Luna cryptocurrency?

Luna is a South Korean-based traditional cryptocurrency whose value is tied to a stablecoin called Terra. Terra, in turn, is supposed to be tied to the United States dollar. A mechanism was supposed to work so that people could trade one for the other if one of the two went under that price.

What is Luna (Luna)?

Luna had been one of the most valuable cryptocurrencies. So what is Luna anyway? Luna is a South Korean-based traditional cryptocurrency whose value is tied to a stablecoin called Terra. Terra, in turn, is supposed to be tied to the United States dollar.

Is Luna still a leaderboard token?

It’s among the few leaderboard tokens that haven’t lost value lately, and it’s still charging full speed ahead after a monthslong bull run landed the coin in the top 10 cryptocurrencies by market capitalization, according to CoinGecko. What is Luna?

Is Luna a proof of stake?

Proof of stake supporters say it is significantly less energy intensive than other models and has less of an environmental impact. Luna’s holders are granted governance rights and voting power for the protocol, since Luna is Terra’s native token.

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