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LUNA

LUNA

LUNA is a noninflationary stablecoin minted by Terraform Labs and used as a native asset on the Terra blockchain.

OverviewStructured DataIssuesContributorsActivity

Contents

OverviewTimelineTable: Further ResourcesReferences
terra.money
Is a
Investor
Investor
Product
Product
Cryptocurrency
Cryptocurrency
Software
Software

Product attributes

Founder
Terraform Labs
Terraform Labs
Launch Date
June 18, 2019
Industry
Cryptocurrency
Cryptocurrency
Smart contract
Smart contract
Distributed ledger
Distributed ledger
Blockchain and cryptocurrency
Blockchain and cryptocurrency
Decentralized Finance
Decentralized Finance
Blockchain
Blockchain
Competitors
Frax Finance
Frax Finance
Neutrino USD (USDN)
Neutrino USD (USDN)
Also Known As
Terra LUNA Coin
Terra (UST) 🌍 Powered by LUNA 🌕
LUNC
USTC

Cryptocurrency attributes

Consensus Mechanism
Delegated proof of stake
Delegated proof of stake
Ticker Symbol
LUNA
LUNC
Genesis Block Date
July 26, 2019
Block Explorer URL
snowtrace.io/token/0x...5968e563B
polygonscan.com/token/0...d0693439
solana.fm/address/F6...H5AFhUkYx9W
bscscan.com/token/0x1...7254d68962
etherscan.io/token/0x...3ea06fa3d
finder.terra.money
Announcement URL
theblockcrypto.com/post/...n-sale
Block Reward
1

Other attributes

CFO
‌
C.J. Changjoon Han
Circulating Supply
350,026,153.99
CoinGecko ID
terra5
Cryptocurrency Symbol
LUNA
Funded Company
Luna Foundation Guard
Luna Foundation Guard
Funding Round Date
February 22, 2022
Funding Round Amount (USD)
1,000,000,000
Funding Type
Private equity
Private equity
Investment
Jump Crypto
Jump Crypto
Investors
Binance Labs
Binance Labs
SCB 10X
SCB 10X
1kx
1kx
Zee Prime Capital
Zee Prime Capital
Delphi Digital
Delphi Digital
Binance
Binance
6
GSR Ventures
GSR Ventures
Polychain Capital
Polychain Capital
...
Key People
Do Kwon
Do Kwon
Medium URL
medium.com/terra-money
Partner Organizations
PRISM
PRISM
Platform
PlayStation 4
PlayStation 4
Exchange
Binance
Binance
KuCoin Exchange
KuCoin Exchange
Crypto.com
Crypto.com
PancakeSwap
PancakeSwap
Bkex
Bkex
BTSE
BTSE
Mandala Exchange
Mandala Exchange
BitWell
BitWell
...
Token Standard
CW20
SNIP-207
SPL8
BEP-209
ERC-20
Total Supply
733,373,235
Wallet
metamask.io
station.terra.money/wallet
gcko.io/lunieio
Written in
Rust
Overview

LUNA is the native asset of the Terra protocol, the blockchain developed by Terraform Labs, based on the Tendermint consensus and the Cosmos SDK. The LUNA coin is a native asset that collateralizes the Terra network's stablecoins. Meaning, when investors invest in Terra, they are buying LUNA. Some of those investors include Binance, Huobi, OKEX, Hashed, Polychain, Kakao, Coinbase, Galaxy, Arrington XRP, and Pantera.

LUNA is used to mint a stablecoin, like UST, on the Terra network, in which case a user has to burn the equivalent dollar amount of LUNA. In the Terra system, a user can also burn the equivalent value of stablecoins in order to receive LUNA, which is a financial incentive to ensure Terra stablecoins maintain their fiat peg. LUNA is also used if someone wants to become a validator in the Terra protocol, where that person has to demonstrate investment by staking LUNA tokens.

Holders of LUNA decide how those funds get spent and are able to change various parameters of the Terra blockchain, with the balance between Terra stablecoins and LUNA meant to be analogous to the relationship between the Earth and the moon. When launched, Terra held a series of private sales for the LUNA coin in early 2019, but there has not been a public ICO. These private sale prices range from 16 to 80 cents per coin, with reports that private sales raised anywhere from 32 to 72 million dollars.

In the initial private sale of LUNA, 10 percent of the token was reserved for Terraform Labs future development, with 20 percent allocated for project participants and employees; a further 20 percent of the private sale was reserved for the Terra Alliance, 26 percent was given to project backers, 20 percent was allocated towards price stability reserves, and the final 4 percent was offered to genesis liquidity. The distribution is meant to help maintain the fait pegs of Terra, with the tokens allocated to the Terraform Labs team and private investors expected to be fully vested by Spring of 2022. There is uncertainty around how many LUNA were minted at Genesis.

Timeline

No Timeline data yet.

Further Resources

Title
Author
Link
Type
Date

$10M Fund From Cosmos-Based Terra Will Gladly Back DeFi Projects on Ethereum - CoinDesk

Brady Dale

https://www.coindesk.com/terraform-labs-fund-defi-security-audits

Web

February 4, 2021

AMA with Flipside Crypto

https://www.youtube.com/watch?v=62lOo5NEuA8

Web

February 2, 2021

Bringing Crypto Mainstream DeFi and Beyond

https://www.youtube.com/watch?v=zF5ikqGb_wg

Web

August 12, 2020

Chainlink Price Feeds Now Live on the Terra Testnet, Bringing Premium Market Data to its DeFi Ecosystem

The Intern

https://medium.com/terra-money/chainlink-price-feeds-now-live-on-the-terra-testnet-bringing-premium-market-data-to-its-defi-dc1beb8e336b

Web

October 25, 2021

Coin Bureau: $LUNA Price Could Rally Nearly 2-3X

Michael Lavere

https://www.cryptoglobe.com/latest/2022/02/coin-bureau-luna-price-could-rally-nearly-2-3x/

Web

February 7, 2022

...

References

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