LUNI Was Designed As A Meme Token

 


The convention consists of two basic tokens .Terra and Luna Land Stablecoins that track the cost of the type of money that governments issue. The client scored a new Terra by consuming Luna. Stablecoins are named for their fiat partners. For example, the Terra base stablecoin tracks the cost of an IMF SDR named TerraSDR-SDT. Another stablecoin division combines TerraUSD or UST and TerraKRW or KRT.

All Terra parts are in a similar set

Luna The Terra convention local marking token that absorbs Terra's uncertainty value. Luna is used for administration and mining. The client stakes Luna to the validator who records and confirms the exchange on the blockchain in exchange for remuneration of the exchange fee. The more Terra is used, the more Luna scores.

How does the Terra Stablecoin convention function

Stablecoins are a basic element of the Terra convention: a crypto resource that tracks hidden costs of money. As an advanced type of money, Terra stablecoin can be used like government-issued money with the added advantages of blockchain: immutable public records, time exchange, faster payment times, and fewer fees.

Stablecoins are very important for clients if they are following the value of their shares. The Terra Convention leverages the fundamental market influence of market interest to follow Terra prices. When interest in Terra is high and supplies are limited, Terra's price increases. When interest in Terra is low and supplies are too large, Terra's price decreases. Conventions ensure that Terra's market interests are continuously adjusted, driving costs down.

Expansion and compression

Think of Terra's entire economy as two batches: one for Terra and one for Luna. To offset Terra's costs, Luna's inventory pool adds or subtracts from Terra's stock. The client consumes Luna to print Terra and consumes Terra to print Luna, all driven by the convention algorithmic market module.

Extension

When Terra's price is high compared to its stock, supply is too little and demand is too high. Convention encourages clients to consume Luna and Terra mint. Terra's new inventory makes the pool bigger, balancing supply with demand. The client prints additional Terra from the consumed Luna until Terra reaches the desired price. Luna Pool becomes simpler in this interaction, increasing Luna's cost.

Withdrawal: When Terra's price is too low compared to its stock, supply is huge and demand is very low. Convention motivates clients to consume Terra and mint Luna. The decrease in Terra stock causes shortages, and Terra's costs increase. More Lunas are minted than Terra is consumed until Terra reaches the desired price. Luna pool increases and lowers costs.

Luna is a variable partner for fixed resource Terra. By balancing supply, Luna costs increase as interest for stablecoins increases.

Market and exchange modules

Terra's solid value is achieved with a convention algorithmic marketplace module, which improves printing or opening consumption exchanges. Exchanges occur when clients benefit from value contrasts between business sectors.

Terra's convention market module empowers clients to consistently trade 1 USD Luna for 1 UST, and vice versa, encouraging clients to follow Terra's fees. This equivalent standard applies to all categories of Terra stablecoins.

For More Information:

  • Website: http://www.luniofficial.com
  • Whitepaper: https://drive.google.com/file/d/1xz9LFlVlD8YFtOd2gz8LYxmoTN4uM3CK/view
  • LUNI NFT Genesis Collection: http://tinyurl.com/GenesisLUNINFT
  • Telegram: https://t.me/LUNIonTerra
  • Twitter: https://twitter.com/LUNIonTerra
  • Discord: https://discord.gg/B8FA9fFHT9
  • YouTube: https://tinyurl.com/LUNIonTerra
  • Instagram: https://www.instagram. com/lunionterra/

Author :Amild

Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=2583828

TerraStation Wallet: terra1y0u7kmyklyg0u8p3pnt980eyyqhq769w2x0jlq

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