Long
LUNA is not sleeping this cycle LUNAUSD
The sun rises, the moon sets. Usually. LUNA isn't sticking to her faithyfully laid bear path. Full, bright and illuminating our way forward through the bearish lulls since late October early November. Waiting for the light can be exhausting. Stars falling, never knowing which might be your last to see. As long as the market does not dip, LUNA looks good 'till $110.
What is LUNA? Start with Terra. An algorithmic stablecoin that was built with a Byzantine Fault Tolerant proof-of-stake (PoS) consensus algorithm; collateralized by a second native token called Luna (LUNA). Luna can exist in three states:
What is LUNA? Start with Terra. An algorithmic stablecoin that was built with a Byzantine Fault Tolerant proof-of-stake (PoS) consensus algorithm; collateralized by a second native token called Luna (LUNA). Luna can exist in three states:
- Unbonded: This is Luna that can be freely transacted as a regular token, with no restrictions.
- Bonded: While Luna is bonded, it is considered staked and generates rewards for the delegator and validator it is bonded to. The Luna cannot be freely traded and is locked in the ecosystem until it is fully unbonded.
- Unbonding: Luna that is instructed to be undelegated from a delegator transition into an "unbonding" state during which neither rewards accrue nor the Luna can be freely traded. This unbonding phase takes 21 days to complete, after which the Luna returns to an unbonded state. [19]
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