Alert: This is the legacy LUNA token, now called Luna Classic (LUNC). We are changing the name to LUNC on our exchange in the coming days. We do not currently support the new LUNA network token.

Terra is a blockchain protocol built on the Tendermint — Cosmos SDK that supports stable programmable payments and open financial infrastructure development. It is supported by a basket of fiat-pegged coins that are stabilized by its native crypto-asset, LUNA.

The Terra network aims to create a suite of stablecoins for decentralized finance (DeFi) and traditional finance (TraFi) platforms. For example, its infrastructure powers Mirror Protocol, a decentralized exchange built on Terra and Ethereum, and CHAI, a South Korean payment network that has amassed over 1.3 million users to date. Terra achieves price stability by algorithmically adjusting its supply according to fluctuations in demand for LUNA and its stablecoins (TerraUSD, TerraSDR, etc.).