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:00:00 PR: Terra and Mining Token Luna Detailed on KuCoin Cryptocurrency Exchange
:00:05 This update is introduced to you by “CoinCheckup News Updates” and was originally revealed on “BitcoinNews.com”.
:00:12 Terra, the venture setting up the subsequent-generation payment method on the blockchain, announces currently that its Stable coin Terra SDT and mining token Luna will equally checklist on global cryptocurrency trade KuCoin.
:00:24 Deposits will open on August 28, 8:00 am UTC, and buying and selling will begin at 10:00 am UTC with investing pairs LUNA/BTC, LUNA/USDT, and SDT/USDT.
:00:38 Terra is a blockchain payments network that is powered by two tokens: Terra and Luna.
:00:43 At its main lies the algorithmic Stable coin Terra, which refers to a loved ones of cryptocurrencies that are each pegged to the world’s main currencies.
:00:51 Terra’s flagship currency, Terra SDT, is pegged to the IMF’s SDR and serves as the device of account for the Terra protocol.
:00:59 Terra is backed by a 2nd token identified as Luna, the mining token that not only powers Terra’s blockchain, but also derives its value from acquiring Terra’s transaction charges.
:01:09 Terra is creating blockchain-driven payments commonplace by delivering incentives to consumers and retailers alike.
:01:15 Terra delivers drastically much less expensive transaction service fees to retailers by cutting out unwanted middlemen, and also offers 5-10% off each obtain to shoppers which is funded by progress in its underlying Stable coin financial system.
:01:28 Terra’s plan to get its Steady coin into the hands of millions is propelled by an at any time-developing e-commerce alliance, which incorporates Asia-Pacific giants this kind of as TMON, Woowa, Carousell, and Tiki.
:01:40 “As the People’s Exchange, KuCoin is committed to empowering promising blockchain assignments and giving a extensive vary of electronic property to crypto investors.
:01:49 The next-era payment network produced by Terra has the possible to mature the blockchain economic system.
:01:55 Many thanks for looking at this video!
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