LUNA is the native currency of the Terra blockchain. LUNA acts as a reserve currency used to mint stablecoins on Terra. Whenever a developer wants to create a new stablecoin or make a purchase via an app built on Terra, they have to purchase and burn LUNA tokens to complete the action.
LUNA also supports the price stability of other stablecoins on Terra by using algorithms. For example, if the value of UST is $1 but drops below $1 for any reason, LUNA tokens are used to supplement the UST supply through an innovative algorithm to help it remain stable.
Suppose you are interested in buying LUNA for your existing portfolio or venturing into cryptocurrencies for the first time. In that case, ZenGo is the perfect all-in-one crypto investing wallet for you. ZenGo offers unbeatable security measures along with a user-friendly and intuitive design that makes investment easier and faster while on the go!
All it takes to use ZenGo is a few swipes or taps. You can buy, trade, view, send or receive LUNA and other currencies with ZenGo, directly from your phone. We also offer a team of support agents, live and in-app, to offer guidance along the way.
Every crypto investor needs a wallet to buy and receive new coins. ZenGo’s LUNA wallet does a lot more than that, though. You can view historical charts, access your portfolio, and buy, send, trade, and receive LUNA. Here are just a few things you can do with ZenGo:
Although LUNA is relatively stable, as with any cryptocurrency, things can change in minutes. Keep an eye on your LUNA coins and the rest of your portfolio directly on your mobile phone. You can buy, trade, send or receive LUNA when the time is right.
You need flexibility from your wallet. ZenGo’s innovative LUNA wallet lets you send and receive LUNA with nothing more than a few taps and swipes. Just share your address to receive coins, or swipe an asset to send. There are no transaction fees involved.
ZenGo is a simple and safe way to add LUNA to your portfolio, even if you are a first-time investor. Simply swipe the LUNA asset on your home screen, follow the prompts and select a payment method. You can buy your coins in minutes.
ZenGo doesn’t lock you into trading crypto for crypto. You can buy LUNA with Fiat currencies like the US dollar, pound sterling, or Euro at any time using your preferred payment method.
Purchase LUNA at any time through trusted and vetted payment partners. Use your Visa or Mastercard, SEPA, mobile payment apps, or even bank transfers (UK and EU clients only, with minimum amounts applicable).
If you want to hold off on transacting for a while (known as holding or HODLing coins), you can keep your coins safe with ZenGo. ZenGo guarantees access to your wallet at all times through its sophisticated authentication system.
Have you got some questions about LUNA? Here are a few things you should know:
Terra is an open-source blockchain platform for stablecoins pegged against real-world fiat. The native currency is LUNA, a versatile token that has seen impressive gains since its launch.
Terra ultimately hopes to disrupt traditional banking through the mass adoption of stablecoin by the public. The founder’s vision is that eventually, all goods will be bought and sold using the digital cash stored in blockchain-based phone wallets. LUNA is used for governance and as collateral for stablecoins on Terra.
Terra was founded in January 2018, and LUNA was officially launched to the public in July 2019. Terra raised over $30 million in seed funding with major investment from companies like Hashed, Polychain Capital, Huobi, and XRP Arrington Capital.
LUNA has a dynamic maximum supply of 1 billion coins. The network is designed to burn the excess coins if the supply exceeds 1 billion at any time. Keep in mind that new LUNA tokens are minted to keep the price of Terra coins stable.
LUNA runs on the Terra blockchain. Terra, in turn, was built on the Cosmos blockchain technology. Cosmos is built so that each app has its own blockchain, known as an appchain.
Yes. LUNA has a dynamic supply of 1 billion. Whenever that amount is exceeded, the protocol will burn the excess automatically. Minting a stablecoin on Terra also requires that coin holders burn LUNA.
UST is a stablecoin on the Terra blockchain, whereas LUNA is the native token of Terra. You can compare UST and LUNA with Tether and Ether on the Ethereum network. LUNA is collateral used to stabilize TerraUSD.
ZenGo is packed with features that make crypto investing a breeze, whether you are a seasoned investor or completely new to the game. Here are just a few reasons why you should choose ZenGo?
With ZenGo, you carry your portfolio with you wherever you go. You can buy, trade, send, view, or receive LUNA and other coins on the go without worrying about transaction fees. No minimums, no maximums. Just easy investing.
ZenGo applies three highly secure protocols to keep your wallet safe: facial recognition, threshold key signatures (TSS), and 3-factor authentication. Hackers can’t access your wallet without access to both your device and our server.
You are in charge of your crypto with ZenGo. Buy LUNA or other cryptocurrencies at any time, anywhere. There are no hefty transaction fees or minimum/maximum applicable amounts.
ZenGo doesn’t delegate customer service to bots. We offer real, live, in-app support by agents 24/7. Reach out whenever you need advice or a helping hand.
Do you still have some questions about Terra (LUNA)? Here are some of the most frequently asked questions about Terra.
Getting started with crypto investing is easy with ZenGo. Just download the app and swipe the asset you’d like to buy. Choose your payment method, and you’re on your way! It’s as easy as online shopping.
With ZenGo, you can keep your coins safe and accessible at all times. Hold your coins for as long as you like, knowing that you can log in again and trade whenever you are ready.
Use your LUNA wallet to access the coins you’ve purchased or earned on the blockchain. You will need a wallet like ZenGo to buy, receive or trade your LUNA coins.
Set up your LUNA wallet following ZenGo’s simple five-step process:
It’s really that easy!
ZenGo generates a LUNA wallet address when you set up your ZenGo app. When you tap an asset on the home screen and swipe right, you will find a QR code and a series of numbers. This is your address.
If you want to gift or exchange LUNA to another person, just tap the asset on your home screen. Swipe left, enter the wallet address, and then the amount you want to send. Click Send, and the coins are on their way.
You can set up a LUNA wallet account when you install the app successfully. Install the app, follow the facial recognition and email verification prompts, and you are all set. You can trade immediately.
You can send LUNA to another wallet or exchange by tapping the asset in your app. Just swipe right, enter the destination wallet address, and hit Send. The coins will arrive within minutes.
Anyone can send coins to your wallet if they know your address. You can find the address by swiping right on an asset from the home screen. Once the coins have been sent, you’ll receive a notification to let you know it has arrived in your wallet.
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