🚗 #GateSquareCommunityChallenge# Round 2 — Which coin is not listed on Gate Launchpad❓
Time to prove if you’re a true Gate veteran!
💰 Join the challenge — 5 lucky winners will share $50 in GT!
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🗓️ Deadline: October 8, 2025, 24:00 (UTC+8)
TERRA (LUNA)
In the world of cryptocurrencies, Terra (LUNA) 🌕 is a story worth paying attention to. Truly. A unique project that has generated a lot of buzz. A quick look at Terra's journey reveals its innovative approach to algorithmic stablecoins, its dual system, and the dramatic collapse it experienced in May 2022.
What is Terra Luna (LUNA)? 🚀
Blockchain protocol. Payment platform. Started in 2018. Its ambition is great.
Terra aims to merge the stability of traditional currencies with the features of cryptocurrencies. It was founded by Terraform Labs. It seems to have been a bold attempt to redefine stablecoins.
LUNA is the primary token. It acts as a backbone. It absorbs price fluctuations.
The difference between Terra and LUNA coin 📊
Terra is the complete protocol. A set of stablecoins.
LUNA? The governance and storage token. A variable that absorbs shocks. It expands and contracts as needed.
Terra Luna History and Founders 🕰️
January 2018. Do Kwon and Daniel Shin. Seoul, South Korea.
An ambitious vision. A kind of contagious excitement. They launched the mainnet in April 2019. They presented their revolutionary protocol to the world... or so they thought.
Main Features of Terra Luna 💎
Algorithmic stablecoins. Proof of stake. Smart dual system. It's not entirely clear how everything worked, but it was impressive.
The current price of LUNA and future predictions 📈
September 2025, the price is around 0.1422 dollars 🔍.
Predictions? Perhaps between 0.1522 and 0.1694 dollars. Clear fluctuations. No one knows for sure.
Use Cases of Terra Luna 💫
Integrated with the Chai app. Entered the world of DeFi. Trading network. The odds were exciting.
Functions and Returns of LUNA Currency 🛠️
Network Security. Governance. Algorithmic Stability. Theoretically, this made sense.
The Collapse of Terra Luna: What Happened to LUNA? 📉
May 2022. Absolute disaster.
45 billion dollars. Disappeared. Just one week. Amazing.
TerraUSD has lost its peg to the dollar. A downward spiral. Total destruction. Both have fallen, UST and LUNA.
The Future of Terra Luna Classic (LUNC) 🔮
After the collapse, a new chain was born. The old one became "Classic". Terra Classic (LUNC) still exists. Driven by the community. It is trying to rise from the ashes.
Terra Luna vs Competitors 🥊
I competed with DAI, USDC, and USDT. Each represents a different philosophy. Different paths towards the same goal.
Conclusion
The story of Terra (LUNA)? A harsh lesson 🌟. Impressive potential, significant risks. A kind of cautionary tale in the world of cryptocurrencies.
Innovation is great. But a deep understanding of the mechanisms and risks is more important. This is what the sudden end of what was once a promising project looks like.