• Based on Tendermint, Terra 2.0 is a public blockchain emerged from Terra Classic.

  • After the depeg of USTC in May 2022, the community behind Terra Classic decided to create a new blockchain without the algorithmic stablecoins called Terra 2.0. The new LUNA tokens were airdropped to the old users that were affected by the depeg event.

  • LUNA is the native token of the project. The current use cases for LUNA include:

    • Staking: Users stake LUNA to validators who record and verify transactions on the blockchain in exchange for rewards from transaction fees.

    • Governance: Token holders can participate in treasury governance and stakers can participate in proposals and voting.

    • Paying Fees: Users use LUNA for processing transactions and storing data.

  • The project consists of the following major components working in conjunction:

    • Terra Core: the official Golang reference implementation of the Terra protocol.

    • Terra Station: Terra station is the official wallet of Terra, allowing transactions, smart contract testing and interactions, and other functions.

    • Terraform Labs (TFL): an entity that facilitates the development of Terra, and maintains Terra station (explorer), Terra Core, and other technical infrastructures etc.

  • As at May 31th 2022, the total token supply of LUNA token is 1,000,000,000.

  • Learn more about the token distribution of LUNA here.