Kwon started an organization called Luna Foundation Guard, which minted and sold Luna to famously buyBitcoin. The LFG and its holdings of Bitcoin were meant to provide a sort of backing to the Terra and Luna ecosystems. Eventually, the LFG amassed $1.5bn in Bitcoin and other cryptos with pl...
Now, the Luna Foundation Guard, an organization created by Terra's inventor Do Kwon, says it will lend out $750 million in bitcoin to trading firms to hold UST's price peg. But that's done little to assuage investors' concerns about the implications for bitcoin. What is UST? Developed b...
As highlighted above, the Terra protocol is driven via the use of two core tokens, namely UST and LUNA. Network participants are afforded the ability tomint UST by burning LUNAat the Terra Station portal. Simply put, one can envision the Terra economy as being one that consists primarily of...
LUNA is the token that powers the Terra 2.0 blockchain, which was created in response to the spectacular collapse of the original Terra blockchain and associated crypto ecosystem last May when its UST algorithmic stablecoin lost its peg to the US dollar and the original LUNA token...
It also features a portfolio tracker, a crypto events calendar, and a coin screener. Popular topics at CoinMarketCap ust coinmarketcap coinmarketcap api saitama coinmarketcap avax coinmarketcap ada coinmarketcap ftm coinmarketcap xrp price coinmarketcap gala coinmarketcap terra luna coinmarket...
generally considered to have started in January 2018 and may have lasted as long as December 2020 for a period of 23 months. The timing of the crypto winter of 2022 is somewhat unknown, starting in earnest in the May timeframe alongside the collapse of TerraUSD and Luna and continuing into...
Investors have been eager to find out what happened to the$3 billion in bitcoinbought up by crypto firm Terra to back its failed stablecoin. Now, they've got their answer. Luna Foundation Guard, a fund set up by Terra creator Do Kwon,said Mondayit spent almost all of the bitcoin in it...
An airdrop, in crypto terms, is when coins are given away for free–usually for promotional purposes to generate interest in the coin. The new Luna will airdrop to existing owners of the old Luna coin (now Luna Classic) and to the owners of TerraUSD, which lost its peg to the dollar...
Gala Crypto1inch CryptoCosmos (ATOM) CryptoKadena (KDA) CryptoFantom (FTM) CryptoDent CryptoInternet Computer Protocol (ICP) CryptoTron CryptoREEF CryptoPolygon (MATIC) CryptoNew Kind Network Crypto(NKN)ApeCoin (APE) CryptoAlgorand (ALGO) CryptoAnkr CryptoPi CryptoHelium CryptoTerra (Luna) CryptoRa...
Terra (LUNA) is currently trading at $0.000000999967 per token, a 14.359%decline from an all-time high of $119.18 in April 2022, according to coingecko.com. TerraUSD (UST), which has lost its dollar peg, is currently trading at $0.13, reported coingecko.com. ...