We are excited to announce that Terra (LUNA) has joined the family of over 200 cryptocurrencies available on Changelly. Starting today, users can swap it with other digital assets at variable rates on our platform.
Terra is an application specific blockchain based on the Cosmos SDK and the Tendermint consensus. The Terra Protocol employs a number of algorithmic, fiat-tied stablecoins that underpin a thriving decentralized financial ecosystem such as the Anchor, Chai and Mirror Protocol. LUNA, Terra’s native staking and governance asset, absorbs the short-term volatility of Terra’s stablecoins, such as TerraUSD (UST), and requires a function of the demand for Terra’s DeFi ecosystem – whereby LUNA is valued over seigniorage.
“It is a pleasure to work with Terra. We are excited to become partners and believe that this collaboration will surely be mutually beneficial and productive, ”said the Changelly team.
“We are delighted to be partnering with Changelly to enable the Terra ecosystem to run seamlessly up and down. With the sole goal of mass adoption in the real world, it is critical that the fiat-crypto transition made possible by exchanges like Changelly be easy, “the Terra team said.
LUNA is the native staking token recognized by the Terra protocol. Through its role in securing the mechanisms that ensure the price stability of Terra stablecoins and modulate the incentives of the validators, LUNA serves as a fundamental asset for the entire Terra network and ecosystem.
Changelly offers an ecosystem of products and services that enable customers to have a one-stop-shop experience when engaging with crypto.
Changelly has been operating since 2015 and acts as an intermediary between crypto exchanges and users, providing access to over 200 cryptocurrencies that can be easily exchanged within 10 minutes on the desktop and on the go via the Changelly mobile app.
In 2020, Changelly branched out to meet the needs of retailers. PRO was developed as a platform focused on customer needs and effectively enabling retailers to buy and sell digital tokens and coins. Building on Changelly’s great support system, Changelly PRO offers the community high limits, effective pricing, fast execution, and 24/7 live support.
Learn more about Changelly:
Changelly website: changelly.com
Changelly PRO website: pro.changelly.com
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