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Exchange LUNA (LUNA)

If you're looking to swap LUNA, SwapSpace is your one-stop-shop. We have some light reading for you - in case you'd want a refresher on what is LUNA or some fresh information about LUNA’s price movements. And, of course, we provide you with the multiple LUNA exchange options so that you can choose the offer with the best rates and lowest LUNA fees, as well as other parameters that suit you.

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LUNA Price Stats

To help you make a decision about exchanging your LUNA, we gathered some cold hard numbers: LUNA price chart and other stats, such as LUNA market cap.
24H HIGH
24H HIGH

$2.064062

LUNA MARKET CAP
LUNA MARKET CAP

$2,070,426,333.993

CIRCULATING SUPPLY
CIRCULATING SUPPLY

1,017,408,517.933 LUNA

24H LOW
24H LOW

$1.903476

LUNA PRICE
LUNA PRICE

$2.035

24H VOLUME
24H VOLUME

$11,846,328.145

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LUNA Price Chart

Here you can see the current price of LUNA, as well as LUNA price history.

What is LUNA?

Terra is a blockchain protocol that uses fiat-pegged stablecoins to power global payment systems. The project defines itself as programmable money for the internet that is easier to spend. As Whitepaper says, it combines price stability and the wide adoption of the fiat currencies, while being censorship-resistant. 

The project started in January 2018 but its mainnet was only launched in April 2019. It offers stablecoins pegged to numerous fiat currencies, including the US dollar, South Korean won, and Mongolian Tugrik. The most known fiat-pegged asset of Terra is UST, pegged to the US dollar. The development plans include the release of the stablecoins pegged to EUR, GBP, JPY, KRW, etc. 

Terra is a complete blockchain with the projects launched on it, including Anchor protocol, Mirror Protocol, Pylon, Ozone, etc. The ecosystem also allows users to quickly exchange cryptocurrencies and earn yield for the holdings. The Terra ecosystem runs on the blockchain with the Proof-of-Stake consensus mechanism, so the participants need to act as validators and stake LUNA. 

The project was founded by Daniel Shin and Do Kwon with the intention to boost the massive adoption of stablecoins by focusing on providing price stability and usability. The idea is to offer users the token at a price of more stable fiat currencies. To achieve this Terra uses an algorithm that automatically adjusts the stablecoin supply depending on the demand. It advises users to swap LUNA or stablecoins at profitable exchange rates so its supply will either expand or contract to match the demand. Unlike other stablecoins, it is not backed by anything. 

LUNA is a native utility coin of the Terra ecosystem. It is used to stabilize the price of stablecoins and govern the protocol as LUNA crypto holders get the right to submit and vote on governance proposals. Thus, LUNA and UST are mutually dependent. If the demand for UST rises LUNA tokens are burnt to regulate the price. It makes the LUNA token highly deflationary. Terra offers arbitrage opportunities to the users so there will always be users to burn one token for another. 

To mint UST users have to burn LUNA, and to mint LUNA, UST tokens have to be burnt. The ecosystem has two pools that balance each other. After the project decided to back UST with Bitcoin they got a lot of publicity which affected the LUNA token price, causing it to go up. Following the recent Wormhole hack, UST has lost its peg, which caused the price of LUNA to lose 99% of its value in a few days. 

During the few months before that, the LUNA coin was outperforming the overall trends of the crypto market. Though a few weeks before some community members were expressing doubts about the algorithm. 

The co-creator of Terra-network Do Kwon is trying to save the token by, first, offering to redistribute the tokens while abandoning UST, and then forking the blockchain to keep the current network, but UST is to be left behind anyway. The first plan was rejected by the community straight away, but an improved second solution will be set to action. The project team will increase the genesis liquidity, introduce a new liquidity profile for pre-attack, and decrease the distribution to post-attack UST holders. 

A Simple Way To Exchange LUNA Here At SwapSpace

Step 1
Step 1

Choose a pair

Choose the cryptocurrencies you would like to exchange among more than 900 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.

Step 2
Step 2

Select the best rate

You choose the rate – we do the magic! Pick up the exchange service by the rate which meets your requirements. Make sure you are okay with the selected service network fee and privacy policy: some of them require you to pass the AML/KYC procedure.

Step 3
Step 3

Transfer funds

Send the exact amount to the address provided and receive the crypto in your wallet within minutes. Don’t have a wallet yet? Our support will recommend a good one!

Step 4
Step 4

Receive your coins

You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: support@swapspace.co.

Frequently Asked Questions

Will LUNA go up?

Is LUNA a good investment?

Is Luna an ERC-20 token?

Where to buy Terra (LUNA)?

Popular Exchange Pairs with LUNA

Those cryptocurrencies are most frequently traded with LUNA at SwapSpace. Join our other customers in the “Exchange Pairs” section!
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