Surely first thing - What is LUNI
LUNI is a Terra-based meme token with real-world usefulness and features. We created our project in order to provide exciting and unique features to the Terra blockchain. Terra chain, created in 2018 and formally launched in 2019, is a modern network in South Korea that is secure, decentralized, and forward-thinking.
We did extensive study and studied numerous independent chains including as ETH, BSC, SOL, ADA, NEAR, and many more to determine which platform is the ideal for launching a new coin in November 2021. We discovered that Terra chain has the most engaged community, the finest technical support, and the best 5-year growth plan.
We are developing the LUNI project to offer entertainment and new features to the Terra blockchain. Our major objective is to grow the Terra platform's user base by drawing individuals from all over the globe and providing an atmosphere in which everyone can readily comprehend how this technology works.
h3>First and foremost, what is The Terra Protocol?/h3>
Terra Protocol is a novel blockchain that creates algorithmic stablecoins using a mix of open market arbitrage, decentralized oracle voting, and community governance. Because Terra stablecoins are held on the Terra blockchain, they may be spent, saved, sold, and swapped instantaneously.
The Terra System is the dominant open-source decentralized public blockchain protocol for algorithmic stablecoins. The Terra system, which uses a combination of open market arbitrage incentives and decentralized oracle voting, creates stablecoins that continuously match the price of any fiat currency.
Then there's Terra and Luna!
Terra and Luna are two tokens of the Terra System, a decentralized stablecoin protocol that tracks the price of any money or asset while being backed by real-world assets.
Terra and Luna are distinct tokens:
The Terra Protocol's primary stablecoin denomination is Terra. By burning Luna, users may create fresh Terra. Stablecoins are named after fiat currencies. The basic Terra stablecoin, for example, tracks the price of the International Monetary Fund's SDR, which is denoted as TerraSDR (or SDT). Other stablecoin denominations include TerraUSD or UST, TerraKRW or KRT, and TerraKRW or KRT.
Luna is utilized in administration as well as mining. Users stake Luna to validators, who record and verify transactions on the blockchain on behalf of other users in exchange for transaction fee incentives. The more Terra is consumed, the more valuable Luna becomes.
The Terra Protocol will be administered initially by a group of validators selected by Nomura Research Institute (NRI). We want to handover governance to users in the future using an on-chain governance voting mechanism. Validators are compensated for their efforts as miners/stakers in safeguarding the network by receiving rewards from transaction fees paid in both Luna and Terra.
LUNI Token - Why Should You Invest To It?
At Luni, we are always striving to provide our users with the greatest possible experience in their daily lives. We are certain that blockchain will be incorporated into numerous aspects of our everyday lives, and we are here to help make this transition as painless as possible.
Luni is a meme token with the ambition of being the most popular meme token on the Terra network. The idea is to provide a platform where individuals can simply purchase, sell, and exchange memes. Luni will be accessible on the Terra network on the first of the month.
Terra, like Ethereum, is a blockchain technology for developing decentralized applications (dapps). It's also known as "the Ethereum killer."
HashCoins, a firm that creates ASIC miners and other blockchain solutions, initiated the initiative. Terra intends to use sharding and state channels.
Luni's mission is to be the first DApp on the Terra network, allowing users to effortlessly buy, sell, and exchange memes. This project's crew has vast expertise producing products for the bitcoin ecosystem.
To make the most of blockchain technology, our team is continually developing new services for both online and mobile customers. We want to establish a robust community with a devoted and contented user base.
Be Familiar With LUNI Token - Core Functions And Utilities
The ultimate utility token, LUNI Token, will be used on our platform. We want to give customers with a variety of services and conveniences that they may use in their everyday lives. We are certain that blockchain will be incorporated into many aspects of our everyday lives, and we are here to help make that happen as smoothly as possible.
Now, We are Present LUNI ($LUNI) Tokenomics
The LUNI ($LUNI) token is more than simply a money; it is also a product with its own market capitalization. The $LUNI token is backed by real-world assets and has inherent value.
The LUNI ($LUNI) coin is a self-contained ecosystem with its own set of features and tools. It gives you access to the blockchain database and enables you to execute apps on top of it. As a result, we can build a scalable, secure, fault-tolerant, and decentralized database for the people.
In our ecosystem, LUNI ($LUNI) tokens are utilized as a payment instrument. You may purchase or rent storage space, sell your data, or even your computing power to other network users.
The LUNI Token enables you to have free or discounted access to the following services on the Luny platform:
- Trading Fee Discount - 50% * Transaction Fee Discount - 25%
- Staking entails earning a passive income by holding $LUNI.
To take advantage of these perks, you may either stake your LUNI or move them to the official Luny wallet.
Learn more about LUNI, join, and get notifications at:
>> Website: http://luniofficial.com
>> Whitepaper: https://docs.terra.money/Concepts/Protocol.html#terra-and-luna
>> Twitter: https://www.twitter.com/LUNIonTerra
>> Telegram: http://t.me/LUNIonTerra
>> Discord: http://discord.gg/B8FA9fFHT9
>> YouTube: http://tinyurl.com/LUNIonTerra
Biography of the Author
BTT Username: Barbara Eberhardt
BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=3403783
Terra Wallet Address: terra1zluya53xht7fvxzuc8r83dkv4xvl7ldrxexr9d