LUNC eyes solid breakouts as Terra Luna Classic Community votes to reduce ecosystem costs

Terra is a blockchain platform that caters to the creation of stablecoins. which was created by Do Kwon in 2018.
While LUNA is the native cryptocurrency token of the Terra platform and is used for carrying out transactions and paying gas fees. if you a holder of luna coins, you can partake in terra platform’s governance system by voting on proposals related to changes in the Terra ecosystem. Finally, since the Terra blockchain functions on a proof-of-stake basis, LUNA is staked in the ecosystem for consensus and validation of network transactions.
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