Will $LUNC price increase before the end of 2024 with a price target of 0.00029 USD? First of all, let's find out a little bit!
What is Terra Station?
Terra Station is Terra's official wallet and dashboard, helping $LUNA holders manage assets, stake, and participate in governance. Available on both mobile and browser, Terra Station displays a variety of on-chain data such as trading volume, staking profits, and number of active accounts.
What's interesting is that the Terra Station wallet is non-custodial â meaning only you have access to your private keys. Protect your seed phrase like you protect treasure, because if you lose it, your money will go with it!
As for governance, you can create new proposals and put them into the voting phase by submitting 512 LUNA. If you don't have enough money, other users can "open your wallet" for you. When there are new proposals, other LUNA holders can stake tokens to vote.
The token staking area allows you to delegate, check your rewards, and participate in every stage of the DPoS consensus mechanism.
Terra Classic ($LUNC) there?
Terra Classic is a blockchain protocol that uses stablecoins to support global payments. Secured by the PoS consensus mechanism, $LUNC is the native token of Terra Classic.
Interesting note: Do Kwon has left the project, and the community is working to revive $LUNC. One of the strategies is to burn tokens to increase scarcity, hoping their value will increase over time.
Self-study here
This information is not financial or legal advice. Please remember that we are not responsible if you make a loss based on this content. Please study carefully and always be alert!
It's an interesting overview of Terra and $LUNC. Whether $LUNC 's price will reach the target or not, that's a question of the market and luck!
