LUNC Miner Terra Luna Classic

About LUNC Miner Terra Luna Classic

What is Terra? (Luna)
Luna is a reserve currency of the terra platform. This currency has three core functions: 1) Mining terra transactions through staking, ii) ensures the stable stability of stablecoin terra, and iii) provides incentives for the validator of this blockchain platform. The Terra protocol runs on the Blockchain Proof of Stake (POS), where miners must stake them to mine transactions. While the same is the same, the validator who has stake more Luna has a higher opportunity to produce the next Luna block compared to other validators who have done fewer stakes. In essence, Luna represented the power of validator mining. However, in providing network security and validation, Luna holders and stakers are faced with price risks related to this asset. This is because the Terra protocol is ready to exchange stablecoin terra with Luna with the exchange rate they specify by maintaining peg. When demand is high and the price above Peg, Terra will sell stablecoin for Luna. When demand is low and the price is below the peg, then the opposite. In this way, the validator absorbs the short -term volatility of the network. To compensate, the validator is given rewards in the form of: i) Staking rewards, ii) gas fees, iii) taxes, and iv) Seigniorage rewards. Staking rewards are determined based on the size of the stake validator and are set to provide an incentive to increase the volume of transactions. Gas fee and tax are similar where small costs are charged to terra transactions, which are distributed to the validator evenly. Finally, the Seigniorage reward is given to the validator who participates in the forecasting process of Luna's exchange rate. These benefits are trying to create stable and eternal mining demand in all economic conditions. If the rewards increase, this protocol reduces network costs and seigniorage rewards, and vice versa.

Then what is LUNC Miner Terra Luna Classic?
LUNC Miner Terra Luna Classic makes it easy for you to mine LUNC coins in the cloud by renting LUNC coin mining tools virtually within this app. We provide several types of mining speeds that you can choose from, the maximum number of purchases/rents of this tool is 16 units of the total type of miner tools. You can also buy LUNC coins in this app without registering your original LUNC coin wallet. You can withdraw the results from mining LUNC to your LUNC wallet address.

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Our Rules: Can be brought in the app (always updated).
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