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Today we listed Terra 2.0 (LUNA) on our platform. On this page we will share all details concerning LUNA and LUNC and the subsequent actions Anycoin Direct will take in the future.
Two crypto giants, Terra LUNA and TerrasUSD (UST) have crashed in the past week and are only worth a fraction of what they were a month earlier. These crashes caused a market correction across the entire crypto market. To what extent will the failure of the coupling mechanism between LUNA and UST affect the rest of the crypto industry? To bring you up to speed, we will discuss the events surrounding LUNA and UST, their ecosystem and the consequences for the crypto market.
The Terra protocol wants to function as a central bank for cryptocurrencies by offering stability. With the help of smart contracts and stablecoins algorithms, they have effectively built a hub where stablecoins, traditional currencies and volatile tokens can function as one hybrid mechanism.
