What is Terra (LUNA)?
Terra is a blockchain network that is designed for e-commerce and decentralized finance with the main utility and governance token, LUNA. It was released in 2018 by Do Kwon and Daniel Shin of Terraform Labs, and quickly became one of the most prominent projects in the crypto sphere.
In 2022, Terra went through a complete meltdown after $2 billion worth of token was unstaked, leading to the depeg of the USD-pegged stablecoin UST, the collapse of the blockchain, and the tanking of the whole crypto market. After the event, Do Kwon announced a recovery plan with a hard fork: the old Terra blockchain is now called Terra Classic and the collapsed LUNA token has become LUNC (LUNA Classic), while the new blockchain and its new token adopt the names Terra and LUNA (or Terra 2 and LUNA 2), respectively.
How Terra (LUNA) Works
With the aim to facilitate e-commerce in real life, Terra has a wide range of fiat-backed stablecoins, including those for USD, EUR, GBP, KRW, JPY, etc., alongside a utility and governance token called LUNA. One special thing about these stablecoins is that they are not ensured by any reserves, but rather their prices are determined by "algorithm", hence the name algorithmic stablecoins. LUNA is used as a collateralization mechanism of these stablecoins, so it does not have a hard cap of total supply.
With this system in place, Terra provides a fast, cheap, and relatively-non volatile environment for decentralized commerce and finance.
How Many Terra (LUNA) Tokens Are in Circulation?
At the moment, 1,004,262,701 LUNA tokens are in total supply. Among those, 127,475,474.31 are in circulation.
How to Buy Terra (LUNA)
Consider investing in Terra (LUNA)? It only takes 2 minutes to create an account on Bitget and start trading LUNA.
Check out the available LUNA trading pairs on Bitget!
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Terra (LUNA) Resources
Buy Terra in Brazil with Bitget
Simple 3-step guide to buying LUNA today in Brazil
Create your free Bitget account
Select a funding method
Complete your Terra purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Terra using a payment method of your choice:
Buy Terra with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Terra order.
How to buy crypto with credit/debit cardBuy Terra with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Terra is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Terra order.How to buy crypto via third-party gatewayBuy with bank transfer
Buy Terra via bank transfer: We accept PIX for BRL payments. Services are provided by AlchemyPay and Banxa payment gateways. Click Buy Crypto > [Third Party] in the top navigation bar to place your Terra order.Buy Terra with the fiat balance in your Bitget account
You can Deposit fiat funds using the PIX payment gateway to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Terra order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Terra in your Bitget spot wallet
Bitget—where the world trades Terra
How to buy Terra for free
- Learn how to earn Terra for free through the Learn2Earn promotion
- Earn free Terra by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Terra airdrops by joining On-going challenges and promotions
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Portuguese is the national language of Brazil. And both the website and application of Bitget are supporting Portuguese. The currency of Brazil is the Real (BRL). It does only take a few minutes to buy cryptocurrencies on Bitget by BRL, including Crypto Trade, P2P Trading, and Third-Party Payments (using your own bank transfer, credit card, Apple Pay or Google Pay). Moreover, Bitget has also included Pix transfer, which is the system created by the Brazilian Central Bank that provided instant fiat payments to users. This offers users to buy crypto in fiat with the most secured system within seconds.
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