What is Terra (LUNA)
Terra provides a way of keeping the benefits of cryptocurrencies but without the volatility. We use fiat-pegged stablecoins so that people can still buy things from shops even if they don’t know how to manage a volatile cryptocurrency.
LUNA has a one-to-one peg that’s kept in check thanks to an algorithm that automatically adjusts the currency supply based on its demand. Every time the currency supply expands, the LUNA token holders get incentives to perform an exchange and make some extra profit – and vice versa.
Terra has established partnerships with a number of other companies to provide payment services, including Chai in South Korea. Recently, they announced that Chai is one of their latest partners.
Terra is also supported by the Terra Alliance, a group of businesses committed to expanding the adoption of Terra. Recently they raised over 5 million dollars in their ICO.
The company announced that e-commerce platforms from across 10 different countries, with a combined user base of 45 million and a gross merchandise value of $25 billion, were members of the alliance
Where Can I Buy Terra (LUNA) in the UK
- Sign up to an exchange which trades Terra (LUNA)
- Fund it with cryptocurrency
- Trade your crypto for Terra (LUNA)
Sign up to an Exchange
We recommend Binance? This for a number of reasons.
We recommend Binance because they are the most popular cryptocurrency exchange in the industry, they offer both crypto-to-crypto trading and fiat to crypto trading, and their website is user friendly.
Binance is a reputable crypto exchange. This is not surprising considering how it has been around since 2013. Binance offers both crypto to crypto trading and fiat to crypto trading. It also has a user friendly website that is easy to navigate.
Binance is a cryptocurrency exchange, with its headquarters in Beijing. It was founded by Changpeng Zhao on July 2nd, 2017. Some of the features of this exchange include low trading fees and a high level of security.
We recommend Binance because it has a low trading fee and a high level of security. Its new user sign-up bonus is also quite generous.
We recommend Binance to our readers for a number of reasons. One is that the service offers a huge selection of coins and tokens. That’s why it ranks #1 on this list.
You can also buy Bitcoin or Ethereum with your credit card from Binance without having to leave your wallet app open on the web or download any other apps.
Binance offers an amazing selection of coins and tokens at low costs for deposits, withdrawals, and transactions.
Fund your Binance account
Now you need to transfer BTC in order to trade Terra (LUNA) with it.
It’s really easy to buy BTC with your debit card on binance.
You can transfer your funds from your bank account or use our other options to make the process easier for you.
You can also setup recurring orders! which is another great option for Binance which other platforms don’t offer. In order to make it easier for customers to set up recurring orders on Binance, the company released an official guideline which makes it clear.
Trade your BTC for Terra (LUNA)
We now need to get into our trading section of the guide.
To do this follow the above picture and click on Classic!
Now we have to find the correct pair BTC/ Terra (LUNA)
Now type Terra (LUNA) in the top corner like i did.
If you are new to the market, the stock market can be a confusing place. Let’s break down some of the most basic terms you need to know in order to get started.
– Market order: this order type is executed immediately. This means that your trade will execute as soon as possible and the price of the trade will not change.
– Limit order: this order type is put in place so that your trade executes for a specific price and does not execute until it reaches that specified price.Get started on Binance today
Is TERRA a good investment?
Yes we believe it has huge potential this bull market to increase 105%, we have looked at the market conditions and think it has a huge amount of potential growth.
The tech for the coin is very good
Terra is a new blockchain protocol that uses fiat-pegged stablecoins to power a global payments system. They have a white paper that I know you would be interested in.
Terra aim to combine the price stability and wide adoption of fiat currencies with the censorship-resistance of blockchain technologies such as Bitcoin. This way we offer fast and affordable settlement solutions through our service.
Development on the Terra Network began back in January 2018, and mainnet launched in April 2019. As of September 2021, it offers stablecoins pegged to the US dollar.
South Korean won, Mongolian tugrik and the International Monetary Fund’s Special Drawing Rights basket of currencies — and it intends to roll out additional options.
Terra’s native token, LUNA, is used to stabilize the price of the protocol’s stablecoins. LUNA holders can also submit and vote on governance proposals – giving LUNA the functionality of a governance token.
Terra provides fiat-pegged stablecoins with the LUNA token as well as other different stablecoins. They can be used for cross-border payments and allow you to trade internationally without high fees.
TerraUSD (UST). The Terra crypto ecosystem, which uses stablecoins to power retail transactions, provides fast settlement and cheap costs. For example, UST has a maximum of $1 USD value volatility for every $10 million in transaction volume.