Luna Coin is a decentralized crypto currency that operates under the proof of stake mining system. It is an open source and public blockchain. On December 16, 2017, Luna Coin began its Initial Coin Offering (ICO). The ICO sold off 2000% of all available Luna Coins.
The total number of Luna Coins available for this ICO was 20 million. This number is based on the amount of coins needed to keep the price stable after the Luna Coin reaches its exchange. The final coin supply will be determined once the ICO is over.
The Luna Coin has many features including faster transaction times and low transaction fees. Luna coin, together with other cryptocurrency such as USTC USDT, Bitcoin, Ether and more are available in leading crypto exchange platforms like Kucoin.
In order to buy Luna Coins you need to have another type of cryptocurrency such as Bitcoin or Ethereum first. After you have fiat money in your account you need to send them to an exchange trading Luna Coins, where you can then use it to buy as many coins as you want at whatever price point it’s trading at at the moment in time.
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Luna Coin Origin
Luna Coin was created in 2017 by a team of blockchain enthusiasts. Their goal is to provide support to small businesses and individuals using the Luna Coin platform, which includes a payment network and wallet.
The Luna crypto is based on blockchain technology, a decentralized public ledger that provides transparency and security. It is an alternative payment system that works independently of banks or other third parties like PayPal.
Luna Coin has several key features that make it stand out from other cryptocurrencies. It can help you save money on international transactions because it has zero exchange fees between currencies. The coin can be used to make purchases in-store or online and also as a payment option for utility bills, insurance premiums, and subscription fees.
Luna coin was created with a focus on making it easier for everyone to use. Their goal was to create a cryptocurrency that was more accessible than others by not relying on mining.
The luna team wanted to make their cryptocurrency as easy as possible for people to use, and that meant removing many of the barriers that made other coins difficult to get into. For example, the team skipped over an ICO in order to raise funds for their project. Instead, they opted for a master-node system where users can take part in using or hosting the network and earn luna coins in exchange for their participation.
Luna coin relies on masternodes instead of miners. This allows each node owner to earn rewards by supporting the network without having spent thousands on expensive mining rigs or high-end computer components.
It’s also far easier and cheaper to maintain masternodes than it is to mine cryptocurrency with miners. A single node costs less than $100, which makes investing in luna coins much more affordable than buying specialized mining equipment.
Number of Luna Coin in Circulation
According to the official website, there are currently over 2 million Luna coins in circulation. The coin’s value has been steadily increasing since its debut in 2013, and it has been accepted as payment at over 1200 vendors around the world. You can check out coinluna.com for more information about Luna Coin’s uses and future plans.
As of September 15, 2018, there are 14.3 million Luna Coins in circulation. This number is slightly higher than the circulating supply of Ether (ETH), which is currently at 13.7 million tokens.
In mid-July, prior to the rise of Ethereum-based tokens like Ox or EOS which have a similar distribution model to Luna Coin, the circulating ETH supply was just over 10 million tokens. Every time you spend Luna Coins and feed it back into the ecosystem through extra fees, you are helping to increase this total number.
Biggest Luna Whales
Members of the online crypto community have noticed that some investors have been buying a lot of a token at once, driving up the price. Then, when the price starts to fall, they sell their holdings, which drives the price down further.
Some members of the crypto community have taken to calling these investors “luna whales”, a play on words in which luna means moon and whale refers to an investor who buys large amounts of crypto.
The reason this is called a “lunatic” strategy is that it’s ultimately self-defeating: if you buy up all the tokens in one go and drive up the price, you’re going to pay a lot more for those tokens than someone who bought them slowly over time. So the lunatic strategy is actually very risky—it can lead to big gains if the market rises but also big losses if it falls.
Luna whales might also be motivated by something other than pure profit, such as having strong convictions about how much their favorite token will increase in value over time or wanting to see their favorite project succeed and become more popular.
Conclusion
luna coin is a great cryptocurrency to invest in and use. Whether you’re a beginner or a pro, you can enjoy the benefits of this coin as it runs on the luna platform. luna platform is easy to use, and it offers fast transaction speeds and great security. In fact, luna uses advanced encryption technology to make sure that your money is kept safe. Additionally, your investment is protected by the luna platform developers’ commitment to transparency.
