What is LUNC?
The Terra blockchain protocol aims to develop fiat-pegged stablecoin-based worldwide payment networks. The protocol makes use of a reserve currency named LUNA to algorithmically stabilise the stablecoin basket it utilises to support programmable payments and the growth of open financial infrastructure. LUNA, the first native token of the Terra network, was the original name of Luna classic (LUNC), which was introduced in 2018.
How Terra works?
As the protocol’s staking token for mining transactions, the maintenance of price stability for Terra’s stablecoins, and the delivery of rewards to blockchain validators, LUNA is used as the company’s reserve currency. Terra uses a mechanism that automatically modifies the stablecoin supply to preserve the one-to-one peg on its stablecoins. In order to achieve this, Terra encourages LUNA holders to exchange their LUNA for stablecoins at lucrative rates in order to balance the supply and demand for those coins. Because Terra’s blockchain uses proof of stake (PoS) for mining transactions, LUNA in this blockchain symbolises the mining power of a validator.
How to Buy LUNC in India Step by Step Beginner’s Guide
Below is the simple 5 step to complete guide on how to buy LUNC instantly.
Step 1 : Open Free LUNC Wallet With BuyUcoin
To sign up and register with buyucoin, first you have to enter your email or password, also you can use signup with Google to open a free LUNC wallet in an even easier way.
To sign up and register with buyucoin, first you have to enter your email or password, also you can use signup with Google to open a free LUNC wallet in an even easier way.
Step 2 : Verify Your Email Address
Once you have registered with BuyUcoin, you will need to go to your profile section and verify your email with an OTP or Email verification link which has been sent to your email address.
Once you have registered with BuyUcoin, you will need to go to your profile section and verify your email with an OTP or Email verification link which has been sent to your email address.
Step 3 : Complete Your KYC
After email verification, you will have to get your identity verified through KYC, which helps you to buy LUNC easily or instantly.
After email verification, you will have to get your identity verified through KYC, which helps you to buy LUNC easily or instantly.
Step 4 : Deposit INR in Your LUNC Wallet
After completing your KYC you have to add your primary bank and UPI into your BuyUcoin wallet, then you need to add fiat currency to buy LUNC such as INR to USDT.
After completing your KYC you have to add your primary bank and UPI into your BuyUcoin wallet, then you need to add fiat currency to buy LUNC such as INR to USDT.
Step 5 : Buy LUNC Through Spot or OTC Desk
There are 2 ways to buy LUNC on BuyUcoin Cryptocurrency Exchange, first way is Spot/Classic market and second way is EZ/OTC. With EZ/OTC you can buy LUNC instantly and easily.
There are 2 ways to buy LUNC on BuyUcoin Cryptocurrency Exchange, first way is Spot/Classic market and second way is EZ/OTC. With EZ/OTC you can buy LUNC instantly and easily.
