Coin of the Week  – Luna

  • Post by:
  • February 25, 2022
  • Comments off

25 February 2022.

Terra price is currently trading at today is $66.40, LUNA price is up 23.6% in the last 24 hours, making it our coin of the week!

What is Luna?

Luna is the reserve currency of the Terra platform. It has three core functions: i) mine Terra transactions through staking, ii) ensure the price stability of Terra stable coins, and iii) provide incentives for the platform’s blockchain validators. 

The Terra protocol runs on a Proof of Stake (PoS) blockchain, whereby miners must stake their Luna in order to mine transactions. All else being equal, a validator who has staked more Luna has a higher chance of generating the next Terra block compared to another validator who has staked less. In essence, Luna represents a validator’s mining power. 


Luna can be purchased from cryptocurrency exchanges such as KuCoin or Huobi


Join the Community

Learn more about Konfidio and how we’re accelerating the adoption of disruptive technologies to build a more decentralized future.