Terra is a blockchain protocol for global payment systems which operates using stablecoins that are pegged to a fiat currency. According to Terra's official technical document, the coin combines price stability and widescale support for fiat currencies. It also offers quick, affordable calculations.
Terra claims that pegging the coin to a fiat currency incorporates both the unlimited advantages of cryptocurrencies and the everyday price stability of fiat currencies. A 1:1 price peg is facilitated by an algorithm that automatically regulates the stablecoin's supply depending on the amount of demand for it. This is done by incentivising holders to exchange LUNA and stablecoins for advantageous exchange rates if needed. As a result, the supply of stablecoins either increases or decreases in relation to the demand for them.
Terra has established a series of partnerships with payment platforms, especially in the Asian-Pacific region. In July 2019, Terra announced its partnership with Chain, a South Korean app for mobile payments in which purchases made using an app on e-commerce platforms are processed through Terra's network of blockchains. The seller is charged an average of 2-3% commission for each transaction.
Development on Terra began in January 2018, and its mainnet launched officially in April 2019. At the end of 2020, the Terra network offered stablecoins pegged to the US dollar, South Korean won, Mongolian tugrik and the International Monetary Fund's Special Drawing Rights (SDRs). There are plans to add other currencies, as well.
LUNAUSD's average intraday volatility is approximately 10%.
How to buy and sell LUNAUSD
You can buy and sell LUNAUSD on specialised cryptocurrency exchanges. but the best way to trade it is through a broker or trading platforms, such as MetaTrader 4 or Libertex, where you can open and close positions much more easily, trade with leverage and even earn if the coin's value goes down.