The Terra blockchain supports the decentralized finance (DeFi) ecosystem that creates algorithmic stablecoins, and according to data provider DeFi Lama, Terra is now the second largest DeFi protocol, behind Ethereum. Luna coins are primarily used to generate Terra’s stablecoin peg, and are at the center of the shock-absorbing process if there is a problem with the stablecoins on the platform.
$ 0.6078 ≈ ￥4.32
LUNA currency is currently listed on 16 exchanges. Many investors are optimistic about its development prospects and want to invest in the project. Today, the editor will introduce the LUNA currency purchase tutorial in detail to investors:
1. Open the official website of OKX Exchange, click the [Register] button on the upper right side of the page to enter the registration page, and enter your email address on the homepage.
2. Then enter your mobile phone number and click "Verify Now"
3. Select your country/region of residence, Check the Terms of Service, "Risk and Compliance Disclosure" and Privacy Policy and Statement
4. Create a password that must be 8-32 characters in length and 1 lowercase letter , 1 uppercase letter, 1 number, 1 symbol, such as:! @ # $ % and other conditions
5. After registering an account, identity authentication is required before trading. Just find "Asset Management" - "Identity Authentication" on the homepage. Follow the prompts
#6. After the authentication is completed, you can proceed with the transaction. Click "Buy Coins" - "C2C Buy Coins" on the homepage. After selecting the appropriate merchant, proceed according to Just follow the instructions
#7. Once you have USDT, you can use USDT to purchase currencies. Click "Transaction" - "Coin" to enter the transaction page
8. Search for the English abbreviation of Terra, LUNA
9. Select the LUNA/USDT trading pair and enter the purchase page
10. Fill in the purchase quantity and click Buy. If it is selling, fill in the selling quantity and click Sell.
Terra (LUNA) is a blockchain protocol that is supported by stablecoin assets denominated in fiat currencies Global payment system. Unlike other stablecoins, Terra combines price stability and increased adoption of fiat currencies with the scrutiny of Bitcoin (BTC) while offering fast and affordable transaction processing.
Daniel Shin and Do Kwon founded Terra (LUNA) in January 2018. Although still relatively new, Terra already has multiple partnerships with various payment platforms, especially in the Asia-Pacific region. In 2019, Terra announced a partnership with South Korean mobile payment app Chai.
LUNA has 1 billion tokens in stock. If this amount is exceeded, LUNA tokens will be burned until they return to equilibrium supply levels. Afterwards, new LUNA tokens are minted via the protocol algorithm in the amount required to maintain the price of the Terra stablecoin.
LUNA was initially made available for investors to purchase in private token sales on some major exchanges. The sale closed in August 2018, with Terra raising $32 million. One year later, on August 2, 2019, the price of Terra (LUNA) was $1.34. The price then experienced a surge on August 14, touching the $1.40 figure.
However, this growth was followed by a decline. Until the end of 2019, the price of LUNA was $0.26. In 2020, Terra Protocol’s DeFi and stablecoin project launched LUNA’s market capitalization to reach $200 million.
In May 2021, LUNA’s price fell by approximately 81% of its market value due to a massive sell-off. However, LUNA managed to stage a position reversal in early December 2021.
LUNA broke the all-time high price (ATH) of $77.14 on December 5, 2021. Coingecko data shows that Terra is up more than 50,000% from its all-time low (ATL) of $0.1 on March 18, 2020. LUNA’s soaring price managed to surpass the two largest meme coin assets, namely Shiba Inu and Dogecoin.
A few weeks later, Terra(LUNA) once again showed extraordinary performance. The price of LUNA rose to $102.73 on December 27, 2021, setting an all-time high (ATH). Likewise, this price increase immediately put Terra (LUNA) above Avalanche (AVAX), Polkadot (DOT), and Dogecoin (DOGE).
The above is the detailed content of How to buy LUNA coins? Tutorial for beginners to buy and trade LUNA coins. For more information, please follow other related articles on the PHP Chinese website!
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