{"id":3221,"date":"2021-10-19T09:39:28","date_gmt":"2021-10-19T01:39:28","guid":{"rendered":"https:\/\/blog.btse.com\/?p=3221"},"modified":"2023-03-09T04:08:19","modified_gmt":"2023-03-09T04:08:19","slug":"btse-welcomes-terra-luna","status":"publish","type":"post","link":"https:\/\/www.btse.com\/blog\/btse-welcomes-terra-luna\/","title":{"rendered":"BTSE Welcomes Terra (LUNA)"},"content":{"rendered":"<p><i><span style=\"font-weight: 400;\">BTSE welcomes <strong>Terra (LUNA)<\/strong> onto the exchange, as part of its commitment to growing the range of quality digital assets available to traders. LUNA\u00a0is the reserve token of the Terra protocol, which utilizes an algorithmic stablecoin for digital payments.<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">BTSE has listed LUNA, the reserve token of the Terra network. Terra\u2019s delegated proof-of-stake (PoS)\u00a0blockchain is powered by its LUNA token.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Terra is a monetary protocol that maintains the price stability of a basket of stablecoins by increasing or shrinking the LUNA supply dynamically. So miners provide security and stability, and in return, the protocol offers mining benefits, such as revenue obtained from minting coins, or \u201cseigniorage\u201d, and transaction fee discounts regardless of market circumstances.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>How Do\u00a0Terra Stablecoins Keep Their Value Constant?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The Terra ecosystem maintains stable prices by modifying supply in response to demand variations. It exerts pressure to rectify a Terra stablecoin\u2019s departure from its base as soon it is detected.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To do this, the Terra protocol employs supply-and-demand forces. For instance, if the value of one TerraUSD (UST), the stablecoin issued by Terra, exceeds its one-dollar peg, the protocol adjusts by raising the UST supply. It mints and sells some of its stablecoins on the marketplace, and savvy investors can gain from trading the equivalent of one dollar worth of LUNA for one UST. Minting and trading continue until there is enough new UST to restore its peg.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Similarly, if the value of UST falls below its one-dollar level, the system will reduce its availability. LUNA is then minted and sold to the public, and investors can then swap one UST for the same value in LUNA to keep their gains. In both scenarios, the Terra protocol produces enough LUNA or stablecoin as would be required until each asset\u2019s equilibrium is met.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>What Is LUNA?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">LUNA, as the Terra network\u2019s reserve token, serves three main purposes: staking to process Terra payments; ensuring stable prices for Terra crypto assets; and providing monetary benefits\u00a0to blockchain verifiers on the platform.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Terra protocol is on a PoS blockchain which means that to process payments, miners have to stake their LUNA tokens. In the absence of other factors, a verifier who has committed more in\u00a0LUNA has a better chance of producing the next Terra block than one who has invested\u00a0less. This grants more mining power to the users who stake more LUNA as validators to ensure network security; but they are also more exposed to the asset\u2019s market volatility.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">LUNA token, priced at $35.90 on October 19, has a market cap of more than $14 billion and 0.56% market cap dominance, according to <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/terra-luna\"><span style=\"font-weight: 400;\">CoinGecko.<\/span><\/a><span style=\"font-weight: 400;\"> Its circulating supply is around 401 million tokens out of a maximum of one billion.<\/span><\/p>\n<p>&nbsp;<\/p>\n<div>\n<hr \/>\n<\/div>\n<p><em>Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at\u00a0feedback@btse.com or on Twitter @BTSE_Official.<\/em><\/p>\n<p><em>Note: BTSE Blog contents are intended solely to provide varying insights and perspectives. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Markets are volatile, and trading brings rewards and risks. Trade with caution.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BTSE welcomes Terra (LUNA) onto the exchange, as part of its commitment to growing the range of quality digital assets available to traders. LUNA\u00a0is the reserve token of the Terra protocol, which utilizes an algorithmic stablecoin for digital payments. BTSE has listed LUNA, the reserve token of the Terra network. Terra\u2019s delegated proof-of-stake (PoS)\u00a0blockchain is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6338,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-3221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-announcements"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>BTSE Welcomes Terra (LUNA) &#8212; BTSE Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.btse.com\/blog\/btse-welcomes-terra-luna\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BTSE Welcomes Terra (LUNA)\" \/>\n<meta property=\"og:description\" content=\"BTSE welcomes Terra (LUNA) onto the exchange, as part of its commitment to growing the range of quality digital assets available to traders. LUNA\u00a0is the reserve token of the Terra protocol, which utilizes an algorithmic stablecoin for digital payments. BTSE has listed LUNA, the reserve token of the Terra network. 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