Terra Price LUNA

    Terra Fundamental Analysis

    What Is LUNA?

    Terra (LUNA), originating from Terra Classic, stands out as a blockchain protocol celebrated for its algorithmic stablecoin, TerraClassicUSD (UST). Born from the challenges faced during a stability crisis that devalued LUNA, Terra has rebranded itself as Terra 2.0. This transformation marks a significant turning point in the trajectory of the Terra project.

    The development of Terra Classic commenced in January 2018, and its blockchain officially went live in April 2019. Terra Classic aimed to merge the stability of fiat currencies with the censorship resistance of Bitcoin, introducing stablecoins pegged to various fiat currencies. However, the collapse of UST in May 2022 prompted the emergence of Terra 2.0.

    How does LUNA work?

    Terra 2.0, building upon the foundation of Terra Classic, continues the blockchain legacy without the inclusion of the UST stablecoin. The new Terra blockchain is dedicated to preserving the Terra ecosystem, with strong support from the LUNA community, affectionately known as "LUNAtics." The development focus is on maintaining the high-quality user experience and interface that propelled Terra Classic to the second-highest total value locked (TVL) during its peak. Several decentralized applications (DApps) have committed to migrating to Terra, ensuring the seamless continuation of their functionalities.

    Value Analysis of LUNA

    Terra 2.0 sets itself apart by operating without its algorithmic stablecoin, UST, and adopts a community-centric approach. The LUNA token will be distributed among various stakeholders, including Luna Classic stakers, holders, residual UST holders, and crucial Terra Classic app developers. Terra's shift toward becoming a fully community-owned chain underscores a commitment to decentralized governance.


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    Release Time: 2022-05-26