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Bitbuy | Buy Terra (LUNA)
Cryptocurrencies were first introduced as a means to send money over the internet. Taking it one step further, the Terra network is fuelling a global payment system to bring more price stability and reduce fees in international ecommerce transactions. Whether your interest lies in investing, staking, or even governance of the Terra protocol, LUNA may be worth adding to your portfolio.
Terra (LUNA): A Primer
Terra is a layer 1 blockchain that uses smart contracts to create a network of algorithmic stablecoins pegged to different fiat currencies. Created in 2018 by South Korean company Terraform Labs, Terra’s network has taken on use as a retail payment processor to convert currencies instantly and at low cost.
The Terra network uses its native token LUNA as collateral to reduce price volatility for the different stablecoins it supports. LUNA utility tokens are algorithmically minted and burned to power the network’s stablecoins and maintain price stability as transaction volume fluctuates over time.
In addition, LUNA can be used for staking in Terra’s Delegated Proof of Stake consensus mechanism. Holders of this token are even granted governance rights to create and vote on changes to the network’s protocol.
How to Buy and Sell Terra (LUNA) on Bitbuy
Decided you want to buy LUNA? Add LUNA and other cryptocurrencies to your portfolio securely and safely through Bitbuy by following these 3 easy steps:
- Create your account by signing up on Bitbuy.ca by providing your email address, telephone number, and verifying your identity.
- After your identity has been confirmed, transfer funds into your account by e-transfer or bank wire.
- Once your money has been deposited, simply choose LUNA or any other cryptocurrency and buy the amount you wish to own.
If you need any help along the way, you can always reach out to our resourceful customer service team
As the commercial space becomes increasingly digital, blockchain is enabling more efficient digital payment systems. The Terra network breaking its way into the ecommerce space and its LUNA token is creating new opportunities for investors. With so many different utilities, LUNA may have just what you’re looking for!Happy trading!