How can I know what LUNI stands for?
In addition to being a Terra-based meme token, LUNI also has real-world applications and functionalities. Because we wanted to bring new and intriguing features into the Terra blockchain, we established our project. South Korea's Terra chain, released in 2019, is a secure, decentralized and forward-thinking network that was founded in 2018.
As part of our research for launching a coin in November 2021, we conducted significant research and examined a wide range of independent chains like Ethereum (ETH), Bitcoin Cash (BCH), Stellar Lumens (SOL), and NEAR (NEA). We found that Terra chain has the most active community, the best technical support, and the strongest five-year growth strategy. Terra chain is the clear winner in our book.
The LUNI project is being developed to bring new features and entertainment to the Terra blockchain. As we strive to increase the Terra platform's user base, we're creating an environment where people from all over the world can easily understand how it works.
In order to understand the Terra Protocol, we must first define it.
When combined with open market arbitrage, oracle voting, and community governance, the Terra Protocol provides algorithmic stablecoins. Since the Terra stablecoins are maintained on the Terra blockchain, they can be spent, saved, sold, and swapped instantly.
Algorithmic stablecoins use the Terra System, which is the most popular open-source, decentralized public blockchain system. Open market arbitrage incentives and oracle voting are used in the Terra system to create stablecoins that always match the value of any fiat currency.
Finally, Terra and Luna are there.
In the Terra System, Terra and Luna are two stablecoin tokens that track the price of any currency or asset while being backed by real-world assets.
There is a difference between Terra and Luna:
Stablecoin Terra is the Terra Protocol's principal denomination. Users can construct a new Terra by destroying Luna. Fiat currencies are the inspiration for stablecoins' names. For example, the price of the International Monetary Fund's SDR, which is labeled TerraSDR, is tracked by the fundamental Terra stablecoin, which is called Terra (or SDT). All of these currencies are also known as stablecoins: UST (TerraUSD), KT (TerraKRW), and KT (TerraUSD).
Luna can be used for both mining and management.. Luna tokens are staked by users to validaters, who record and verify transactions on the blockchain on behalf of other users in exchange for transaction fees. Luna's value increases as Terra is depleted.
Initially, the Terra Protocol will be governed by a group of Nomura Research Institute-selected validators (NRI). In the future, we want to delegate governance to the public through an on-chain voting mechanism. Transaction fees paid in Luna and Terra are used to reward validators for their services as miners/stakers in securing the network.
Why Should You Invest in LUNI Token?
At Luni, we're continually working to make our customers' lives better through our services. For us, it is certain that blockchain will be used in many facets of daily life, and we are here to assist in this transition.
Luni is a Terra meme token with the goal of being the most popular Terra meme token. The goal is to create a marketplace where memes may be bought, sold, and traded. The Terra network will be able to access Luni on the first of this month.
For constructing decentralized applications, Terra is a blockchain system like Ethereum (dapps). Additionally, it's referred to as "Ethereum's killer."
HashCoins, a company that makes ASIC miners and other blockchain solutions, spearheaded the effort. Terra plans to leverage sharding and state channels.
Users can purchase, sell, and exchange memes using Luni, the Terra network's first decentralized application (DApp). The team behind this project has extensive experience developing bitcoin-related products.
Our team is constantly developing new services for both online and mobile consumers in order to take full advantage of the blockchain technology. It is our goal that we build a strong community with a steadfast and satisfied user base. ”
The LUNI Token - Core Functions and Usabilities
On our platform, LUNI Token, the ultimate utility token, will be used. Providing consumers with a wide range of services and conveniences is a goal of ours. To that end, we're here to help make the transition to a world where blockchain is ubiquitous as seamless as possible.
Tokenomics
Click on the Following Links for Additional Information:
Website: http://www.luniofficial.com
Whitepaper: https://drive.google.com/file/d/1xz9LFlVlD8YFtOd2gz8LYxmoTN4uM3CK/view
Genesis LUNI NFT collection: http://tinyurl.com/GenesisLUNINFT
Telegram: https://t.me/LUNIonTerra
Twitter: https://twitter.com/LUNIonTerra
Discord: https://discord.gg/B8FA9fFHT9
YouTube: https://tinyurl.com/LUNIonTerra
Instagram: https://www.instagram.com/lunionterra/
Author
Bitcoin username: Sh1rley Dundley Meyer
Bitcoin profile link: https://bitcointalk.org/index.php?action=profile;u=3402609
BSC20 address: 0x5E4897AFD26e7Dc1f53B922A47adE8bbD7FE26C4