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0:00:00 PR: Terra and Mining Token Luna Listed on KuCoin Cryptocurrency Exchange
0:00:05 This update is brought to you by “ CoinCheckup News Updates” and was originally published on “ BitcoinNews.com” .
0:00:12 Terra, the project building the next-generation payment system on the blockchain, announces today that its Stable coin Terra SDT and mining token Luna will both list on global cryptocurrency exchange KuCoin.
0:00:24 Deposits will open on August 28, 8:00 am UTC, and trading will start at 10:00 am UTC with trading pairs LUNA/BTC, LUNA/USDT, and SDT/USDT.
0:00:38 Terra is a blockchain payments network that is powered by two tokens: Terra and Luna.
0:00:43 At its core lies the algorithmic Stable coin Terra, which refers to a family of cryptocurrencies that are each pegged to the world’s major currencies.
0:00:51 Terra’s flagship currency, Terra SDT, is pegged to the IMF’s SDR and serves as the unit of account for the Terra protocol.
0:00:59 Terra is backed by a second token called Luna, the mining token that not only powers Terra’s blockchain, but also derives its value from receiving Terra’s transaction fees.
0:01:09 Terra is making blockchain-powered payments commonplace by providing incentives to consumers and merchants alike.
0:01:15 Terra offers significantly cheaper transaction fees to merchants by cutting out unnecessary middlemen, and also offers 5-10% off every purchase to shoppers which is funded by growth in its underlying Stable coin economy.
0:01:28 Terra’s plan to get its Stable coin into the hands of millions is propelled by an ever-growing e-commerce alliance, which includes Asia-Pacific giants such as TMON, Woowa, Carousell, and Tiki.
0:01:40 “As the People’s Exchange, KuCoin is committed to empowering promising blockchain projects and providing a wide range of digital assets to crypto investors.
0:01:49 The next-generation payment network developed by Terra has the potential to grow the blockchain economy.
0:01:55 Thanks for watching this video!
If you wanna read the whole article you can go to CoinCheckup.com or go to: “ BitcoinNews.com” , who originally published this news update on their website.
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