They plan to burn more than 371 million UST on the Ethereum Mainnet and any UST left in the Terra community pool. The first part of the plan involves a huge burn of the stablecoin TerraUSD (UST-USD) to bring it back to $1. Terra’s founder Do Kwon has a plan to reanimate the coin. Its purpose was to generate crypto adoption by building a set of algorithmic decentralised stablecoins required to carry out DeFi transactions. Terra Luna is a crypto project created by Terraform Labs, a tech company based in Singapore. Users can benefit from a beginner-friendly interface and relatively low fees.

Kucoin has a wide range of services, such as a built-in peer-to-peer exchange, spot and margin trading, bank level security and a wide range of accepted payment methods. Kucoin is a cryptocurrency exchange which offers over 200 cryptocurrencies. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.īinance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as peer-to-peer trading, margin trading and spot trading. Top places to buy Terra now Binanceīinance is one of the largest cryptocurrency exchanges in the world. If you are attracted to unique features and want to learn how and where to buy Terra, this guide is for you.

Now that Terra has lost 99% of its value, is there any hope for recovery? Its founders are making an effort to get it back up and running, which you’ll read about below.

This occurred against the backdrop of a significant crypto market decline, which sent Bitcoin’s price down by over 20%. TerraUSD (UST), Terra’s algorithmic stablecoin, lost its peg to the US dollar. The price of Terra’s token LUNA was as $100 per 1 LUNA in April, but it crashed to near zero last week.

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