Terra (LUNA), also known as Terra 2.0, is a hard fork of Terra Classic (LUNC). It is a new blockchain and split off from the old Terra Classic blockchain. LUNA, the upgraded version of Terra Classic, is based on a recovery plan by founder Do Kwon and was set up partly to compensate people that were impacted by the Terra Classic crash. The main difference with Terra Classic is that it is not backed by Terraform Labs or Do Kwon, but 100% owned by the community. In addition, LUNA is no longer linked to a stablecoin, but does use the Layer 1 technology of Terra Classic.More
Terra 2.0 wants to be an important link in the Cosmos ecosystem. Users can send their assets to Terra 2.0 for clustering, options, refracting and lending/borrowing. Terra makes use of the proof of stake (pos) concept.More
You can buy a LUNA token with iDEAL at Coinmerce. You can invest in LUNA quite easily by indicating in the sales window (on the right) how many euros you want to buy Terra (LUNA).More
Do you want to buy LUNA with iDEAL, SEPA Bancontact or credit card? You can buy LUNA easily at Coinmerce. In the sales window you indicate how many euros you want to buy LUNA, or indicate how many LUNA tokens you want. We will then automatically calculate the price for this number of tokens. Then you can pay directly with iDEAL, Giropay, MyBank, SEPA Bancontact or credit card, and we will transfer the LUNA tokens to your crypto wallet.
Terra (LUNA) is a blockchain protocol that evolved from Terra Classic. Terra Classic (LUNC) was linked to the algorithmic stablecoin UST (now TerraClassicUSD or USTC). Terra Classic crashed in May 2022 when UST lost its value and fell below $1. Founder 'Do Kwon' failed to get UST back to $1, causing the price of LUNA to plummet as well. This resulted in the launch of a new Terra chain, where the old Terra coin was renamed as Terra Classic.