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Binance’s new measure aims to reduce the hyperinflated LUNC token’s supply. It is unlikely to have the desired effect that traders hope for.
Terra is a blockchain that leverages fiat-pegged stablecoins to power a payment system. For consensus, the Terra blockchain uses a proof-of-stake codesign. [4] Several stablecoins are built atop the Terra protocol, [4] including TerraUSD, which was the third largest stablecoin by market capitalisation before its collapse in May 2022. [5]
Kwon Do-Hyung [2] (Korean: 권도형; born 6 September 1991), commonly known as Do Kwon, is a South Korean former businessman and software engineer.He was the co-founder and CEO of Terraform Labs, the parent company of crashed stablecoin TerraUSD and cryptocurrency Luna. [3]
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On 25 May, a proposal was approved to reissue a new Luna cryptocurrency and to decouple from and abandon the devalued UST stablecoin. [98] [99] The new Luna coin lost value in the opening days of being listed on exchanges. [100] In the wake of Terra-Luna's collapse, another algorithmic stablecoin, DEI, lost its peg to the dollar and started to ...
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Related: Derek Hough and Hayley Erbert's Relationship Timeline The Emmy winner says Luna is one of five dogs traveling with the tour across "40 different cities" in the U.S. during the holiday ...
Luna Online (Korean: 루나온라인) is a free-to-play massively multiplayer online role-playing video game developed by South Korean studio EYA Interactive. After a three-year development phase, starting in 2004, the game was initially launched in South Korea in 2007, but first became successful with its launch in Taiwan in October 2008.