Terra (LUNA) Price and chart

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Contract Address

OSMOSIS ibc/785AFEC6B3741100D15E7AF01374E3C4C36F24888E96479B1C33F5C71F364EF9

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About Terra (LUNA)

Luna was Terra's blockchain native token, similar to how ether is used on the Ethereum network. Luna had four different roles in the Terra network: A method to pay for transaction fees in the Terra network. A mechanism for maintaining Terra's stablecoin peg. 

Terra hosts a vibrant ecosystem of diverse products and services. Create a Station wallet to start exploring and interacting with an array of ecosystem applications. With Pulsar Finance, the leading Web3 portfolio tracker, you can effortlessly monitor all your tokens, DeFi positions, and NFTs across Terra and over 100 other blockchains.

At Terra, we envision a multi-chain future — one in which decentralized blockchain economies can align incentives with one another by creating bilateral, mutually beneficial economic agreements, and creating a new chain takes mere minutes. Station paves the foundation for this vision, providing those that automate chain genesis via Feather with immediate interchain wallet functionality, and supplying those chains that form economic alliances with others via Alliance with an easy-to-use, easy-to-integrate wallet to execute cross-chain transactions.

One of the challenges for users looking to participate in proof-of-stake (PoS) networks is the process of selecting a validator to delegate their stake to. With many options available, it can be difficult to discern which one is suitable. Many users try to circumvent this burden and elect to stake to the first validator in the list, effectively contributing towards further network centralization, whether or not that’s their goal.