LUNAUSD

--Terra CCC

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Terra (LUNA)?

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  • The LUNAUSD protocol is focused on enabling a global payment system powered by stablecoins transacted on a blockchain network. The protocol currently supports the United States dollar, Mongolian tugrik, and South Korean won. LUNA is the native token of the protocol. LUNA is a governance token. Beyond LUNA’s governance function, it is used to support the price stability of Terra’s stablecoins. Price stability of the stablecoins is supported by collateral provided by LUNA holders. They are incentivized to swap their LUNA tokens for fiat currency at above-average exchange rates when the network’s algorithm determines stablecoin demand exceeds stablecoin supply.
  • Terraform Labs developed the Terra protocol and LUNA token. Terraform Labs was founded by entrepreneurs Daniel Shin and Do Kwon in 2018. South Korea leads the world in terms of Terra protocol adoption.
  • The maximum circulating supply is 1,000,000,000 LUNA.

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