https://www.youtube.com/watch?v=m_RCpcMqXnA
Terra's native currency, LUNA, is one of the best-performing altcoins that skyrocketed in value during the crypto bull market of 2021. LUNA was valued 12 dollars on August 2nd, 2021, with a market valuation of 4,984,191,304 dollars and approximately 415 million LUNAs in circulation. Terra intends to replace the current complex payment system, which includes credit/debit cards, banks, payment gateways, and so on. It does so by minting stable coins tied to a variety of fiat currencies that can be used for online payments, lending, borrowing, and stock exchange trading. Terra mints, burns, and maintains the price peg of its stable currencies using an elastic monetary policy and a protocol known as Seigniorage.

The LUNA token is designed to ensure that the price of UST remains constant at $1. The miners are in charge of maintaining Terra's price stable and serving as the network's decentralized oracle. Ordinary LUNA token holders can delegate their LUNA token to any of the validators. A transaction fee of 0.1 percent to one percent applies to each transaction. One of the ways users profit from the network is through seigniorage, which involves minting Terra currencies.

Burning LUNA to mint UST generates a 50% profit for users. LUNA was worth 12 dollars on August 2nd, 2021, with a market capitalization of $4,984,191,304 dollars.

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