We are happy to announce that Terra (LUNA) has joined the family of over 200 cryptocurrencies available on Changelly. Starting today, users will be able to exchange it with other digital assets at floating rates on our platform.
Terra is an application-specific blockchain built on the Cosmos SDK and Tendermint consensus. The Terra protocol deploys a suite of algorithmic, fiat-pegged stablecoins underpinning a thriving decentralized finance ecosystem such as Anchor, Chai and Mirror Protocol. LUNA, the native staking and governance asset of Terra, absorbs the short-term volatility of Terra’s stablecoins, such as TerraUSD (UST), demanding a function of demand for Terra’s DeFi ecosystem — accruing value to LUNA via seigniorage.
“It is a pleasure to work with Terra. We are happy to become partners and believe this collaboration will surely be beneficial and productive for both parties,” said the Changelly team.
“We are thrilled to partner with Changelly to provide seamless on or off-ramps to the Terra ecosystem. With the singular aim of real-world mass adoption, it is crucial that the fiat-crypto transition is simple, made possible by exchanges like Changelly,” said the Terra team.
LUNA is the native staking token recognized by the Terra protocol. Through its role in collateralizing the mechanisms that secure the price stability of Terra stablecoins and modulating the incentives of validators, LUNA serves as a foundational asset for the entire Terra network and ecosystem.
Changelly provides an ecosystem of products and services that enables customers to have a one-stop-shop experience when engaging with crypto.
Operating since 2015, Changelly acts as an intermediary between crypto exchanges and users, offering access to over 200 cryptocurrencies that can be effortlessly swapped within 10 minutes on desktop and on the go via the Changelly mobile app.
In 2020, Changelly branched out to accommodate the needs of traders. PRO has been built as a platform focused on the customer’s needs, effectively enabling retail buying and selling digital tokens and coins. Piggybacking on the great support system found within Changelly, Changelly PRO will provide the community with 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