Learn More - What is TERRA Network ?
Any transaction with Terra will be subject to a fee. Terra fees are used to pay for the Terra Network in the same manner as Ethereum gas fees are.
Terra Network is a blockchain-based technology for creating and exchanging digital assets. Block and transaction verification, rapid transaction confirmation, and decentralized exchange are all included in our system. Users will never have to worry about their hard-earned money being held hostage by a third party since Terra will offer a platform that allows them to easily generate, trade, and convert their own assets. Because they're always worth $1, we call them "stablecoins," although they might represent any kind of asset with a real market value.
User may quickly trade between stablecoins using a decentralized application (dApp) developed on Terra Network. Using our own protocol, it is able to take use of Terra's quick confirmation and decentralization capabilities.
To begin, what exactly is Terra?
Using the Terra protocol, you may create algorithmic stablecoins on a decentralized and open-source public blockchain. Stablecoins that are more than 99 percent stable versus the US Dollar are also created using a mix of open market arbitrage incentives and decentralized oracle voting.
A project like Terra isn't enough to justify its existence. Our mission is to simplify the use, understanding, and trust of money. And all of this is implemented on top of the blockchain. "
In the meanwhile, how does Terra function?
For the Terra protocol, currency options trading is its foundation. Participants may use their tokens as collateral to secure high-interest loans for traders and hedgers that use the Terra network. You may earn money on your tokens by lending them to other users, without having to take on hazardous positions of your own. The more collateral you have, the better your return on investment will be..
There is a self-sustaining ecosystem where demand for USD is guaranteed by collateral, reducing volatility and maintaining price stability across all Terra-based apps
The LUNI token is a meme-based currency
Terra-based meme token LUNI has use and functioning in the real world. New features and entertainment will be added to the Terra blockchain as a result of our effort. Terra chain has been a secure and decentralized network based in South Korea since its inception in 2018.
As a bitcoin fork, Terracoin was created in 2012 with the goal of creating a more decentralized cryptocurrency. However, Terracoin has already shown itself in numerous ways, including as raising its block size from the original 1 GB to 2GB, allowing for speedier transactions at cheaper costs. An anonymous transaction address and a decentralized governance structure that enables investors to vote for future improvements by staking their coins in such proposals are among the features of this cryptocurrency.
Name "LUNI" derives from Lunation cycle, which is a full Moon cycle, from the beginning of the Moon's life to its fullness. In astrology, this signifies that you will experience positive impacts on your life during this time period. It is our belief that the lunation cycle may be applied not only to our personal life, but also to the cryptocurrency market, which is linked to the whole world. LUNI is like a full moon that shines brightly!
LUNI Token ($LUNI) Main Purpose
The number of bitcoin frauds is increasing at an alarming pace. A lot of money has already been lost, and we need to take action. We wish to put a product on the market to solve this issue.
After the ICO, we will be able to burn all of the LPs that will be accessible. Terra blockchain is where we want to store tokens, and we can show you some of our work on it.
Our token is built to withstand the test of time. We're confident in the long-term returns our initial coin offering (ICO) will provide investors. But there's a lot more we can do for our neighborhood. On our platform, you may earn LUNI tokens by mining or contributing to our growth and then swap those LUNI tokens for other cryptocurrencies like BTC, ETH, etc. in return for products and services.
In the Luniverse platform, LUNI is the sole token that may be utilized. As a result, you'll be able to utilize your LUNI tokens on our upcoming marketplace. Buying anything will not need you converting LUNI to ETH or BTC, since you will utilize your own money in our system.
You have $LUNI tokens, what will you do with them?
All of Lunyr, Inc.'s forthcoming goods and services will run on the new LUNI token. You may get LUNI tokens for authoring high-quality articles that fulfill our editorial standards, for instance. You may earn LUNI tokens by offering informative and thorough evaluations of these articles. Readers who read and vote on these articles will be rewarded with LUNI tokens. Tokens are given to readers who upvote articles they deem valuable.
Writing great material that satisfies our editorial criteria and is accepted by moderators earns you a share of LUNI tokens.
*If you're a good peer reviewer, you'll be rewarded with LUNI tokens for your contributions.
*It is possible to earn LUNI tokens by reading and voting on content that you find interesting.
*Make sure to check out the "Earn" area after you've accumulated some LUNI tokens!
In this post, we'll explain the tokenomics of LUNI ($LUNI)
- A total of 10,000,000,000 $LUNI tokens were produced before to the start of the project. There was no requirement for an IDO/ICO or private sale to distribute tokens. For stability, the biggest wallets hold around 5% of TS, which is achieved using the proposed technique. Anyone who wanted to buy LUNI had to do it in the same way as everyone else - no OTC or other questionable techniques common on numerous chains.
By distributing 6 billion $LUNI tokens and 15 billion UST to TerraSwap users, 60% of TerraSwap's total trading volume was converted into a marketable asset. The early investors didn't have to go through any further steps.
The tokens will be withdrawn from TS and routed to a Terra wallet that acts as a black hole, destroying 15% of the token supply. The burning of garbage is essential to preventing inflationary supply increases in the future.
- We've allotted 1,000,000,000 $LUNI for marketing purposes (ten percent of TS). It includes paid advertising, incentives for community members, and other promotional efforts. If you want your business to be successful, you must start with marketing from the beginning.
Ecosystem preservation fund of $1 billion (10 percent of the total TS)
LUNI has been repurposed only for forthcoming events after a one-month lockout. Included in this package are listings on DEX and CEX as well as staking incentives.
- There are 250,000,000 $LUNI in one team wallet and 500,000,000 $LUNI in the other. In the beginning, both wallets will be locked for a month, but in the future, we hope to use them to employ additional blockchain specialists, such as engineers and analysts.
LUNI's website is a great place to get more information, sign up, and receive notifications:
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
Author - Biography
BTT Username: DanielAndersson
BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=2109689
TERRA Wallet Address: terra1p9a6y8lx0krh04jjzjn09253h7f7h3lwykgfg4