As mentioned WLUNA is not a standalone cryptocurrency, but it is also not LUNA itself. It supports Terra's stablecoins and payment processing systems. Wrapped Luna Classic (WLUNC) is a token operating on the Ethereum platform. In the case of TerraUSD, that other "out of thin air" asset is the cryptocurrency Luna. DOGE Numerous profitable operations on Terra and Ethereum might need the two assets. At press time LUNC was trading at $0.00007646 down by over 100% from its all-time high of $119.18 which it attained on April 5th, 2022. Criteria of comparison. BTC Now that Luna has a new name though, memers and YOLO traders are trying to make LUNC worth something. DGB WLUNA, also called Wrapped Luna Token, is primarily an Ethereum Token that aims to represent the LUNA token on the Ethereum blockchain. As an example, users can provide WLUNA/WETH liquidity on Uniswap to earn up to 15% APY depending on fees from the pool. The current circulating supply is 0 WLUNA. You can then move your luna across terra network as you want. Luna, the sister cryptocurrency of controversial stablecoin TerraUSD, has collapsed to nearly $0. Users are also able to quickly and easily switch between devices without losing progress. All we know is that exchanges are hoarding it. Im also holding wrapped and havent seen anything in regarding except speculation that it will continue to follow original Luna and LunaV2 will make their own wrapped coin. Coinbase previously announced it would support Terra Luna, but this Luna Coinbase listing has now been cancelled. Solana 4 Reasons to Sell Luna Classic. Wrapped Luna is an Ethereum token made to represent Luna on the Ethereum blockchain. This will automatically add Wrapped LUNA tokens to your MetaMask wallet. Thank you for joining our community! Wrapped Luna Classic (WLUNA) is an Ethereum token that's intended to represent Terra (LUNA) on the Ethereum blockchain. As Coinbase prepares to suspend LUNA trading in two weeks, Binance suspended LUNA and UST trading with Binance USD (BUSD) earlier today, only to resume the . Most platforms like Binance, Kraken, Uniswap and FTX use WLUNC as the token name, but Coinbase uses WLUNA. Wrapped LUNA, which can be added to Metamask, is thus a representation of LUNA on the ERC20 network. Terra, a once-$40 billion digital asset ecosystem, crumbled in May 2022 in what may have marked the largest token collapse in crypto history. Its been forming a large rising wedge and indicators are showing a pretty sizable correction back down to single digits after the peak at $70 near the apex of the wedge. The live Wrapped LUNA Classic price today is $0.000163 USD with a 24-hour trading volume of $109,667 USD. 18. The old (original) Terra network with the token renamed to luna classic (LUNC) and UST tokens. But you must have LUNA wrapped on a non-custodial wallet like Metamask. Wrapped Luna is an Ethereum token made to represent Luna on the Ethereum blockchain. I'm wondering what's going to happen to wluna. Delivered when you want Track additional assets & more As an alternative, you can utilize a bridge (such as converting from ERC20 to Terra via the Terra Bridge. Just download the CoinDCX App crypto investing app, enter the details required and wait for your profile to get verified. I was told to put it in a wallet--it will be safer there. Wrapped Luna has a place on Ethereum because it is the most well-liked dApp platform and where some of the most well-liked Defi applications are found. I am aware of the fork but can't find any info on if it will link to the terra 2.0 or stay with the Luna classic. About In light of volatility involving Terra ecosystem assets, Coinbase has suspended trading in WLUNA on May 27, 2022. The net result was a failed experiment. Users can also trade WLUNA to Luna through a WLUNA partner, and vice versa. There are a few risks associated with investing in WLUNA. Wrapped LUNA Classic is -0.59% in the last 24 hours. ._2Gt13AX94UlLxkluAMsZqP{background-position:50%;background-repeat:no-repeat;background-size:contain;position:relative;display:inline-block} Despite the fact that Terra Luna and Wrapped Luna are very different from one another, this article has demonstrated how they can work best when combined. Terra LUNAs innovative approach combines secure, open source public ledger technology with an easy-to-use mobile wallet, allowing users to safely and securely transfer Terra LUNA with the tap of a button. the most expensive ones, Binance Coin LUNA is a token that exists on the Terra network, while wrapped LUNA (WLUNA) is an ERC20 token that is used to represent LUNA on the Ethereum network. You Can Use the Terra Bridge to Convert from Wrapped LUNA to LUNA Too. Processing transactions on your Terra Station wallet, Adding to liquidity pools on DeFi protocols, Send wrapped LUNA to the exchange via the ERC20 network, Receive wrapped LUNA on the exchange (it will aggregate wrapped LUNA and LUNA as one balance), Send LUNA via the Terra network to a wallet which supports the native Terra network, Connect a non-custodial wallet that has wrapped LUNA (ERC20) inside, Copy a Terra network deposit address (usually starts with terra) as the destination address, Send native LUNA to the wallet that supports the Terra network, You will need to pay a gas fee for this transfer, which can be quite high, You are only able to send native LUNA to a non-custodial wallet which does not require a memo. 1,376 views May 17, 2022 8 Dislike Share 362 subscribers There are 3 versions of LUNA that are available: native LUNA, Wrapped (Shuttle). I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro. Terra (LUNA) is a blockchain protocol created to develop stable cryptocurrencies and a transparent financial infrastructure, focused on payments and smart contracts. LUNA is a token that exists on the Terra network, while wrapped LUNA (WLUNA) is an ERC20 token that is used to represent LUNA on the Ethereum network. Ill use the ERC20 deposit address, for instance, to send LUNA to my KuCoin account. The network leverages a native token, stablecoin protocol, oracle system, and smart contracts to bring users programmable money for the internet. I moved my LUNA from Kucoin to my Ledger a while back and it turned it into Wrapped Luna. As a community-owned network, Terra will have its native staking token, LUNA, airdropped to its community . There are 3 versions of LUNA that are available: native LUNA, Wrapped (Shuttle) LUNA and Wormhole LUNA.Both Wrapped and Wormhole LUNA are bridged versions of LUNA on an EVM-compatible network. Follow me on Telegram for the latest updates: https://t.me/fipcrypto TEXT GUIDE Wrapped LUNA vs LUNA: https://thefipharmacist.com/wrapped-luna-vs-luna/ RELATED VIDEOS / PLAYLISTS Add LUNA To Metamask: https://youtu.be/jbZZIrpCWEAWormhole UST vs Wrapped UST vs Native UST: https://youtu.be/aSz-YPPS_jYTerra Station To Coinbase: https://youtu.be/j4jbreeTslITerra Ecosystem Guides: https://www.youtube.com/playlist?list=PLYUvpGY4wSXu8CxWGMSOYmvkG55VaBMEQAdd Any Network Automatically To Metamask: https://youtu.be/CJahQ55rQ4A RESOURCES Wormhole Docs: https://docs.wormholenetwork.com/wormhole/migration-tutorials/tutorial-how-to-migrate-luna-ust-tokens-on-ethereum-or-bsc-to-portal-wrapped-assets FURTHER READING EVM-Compatible Networks Explained: https://thefipharmacist.com/evm-compatible-networks-crypto/Networks That Metamask Support: https://thefipharmacist.com/which-networks-does-metamask-support/ MOVE2EARN Step App (Earn FAT Points To Burn To KCAL): https://app.step.app?r=W55R3TVQ Sweatcoin: https://sweatco.in/i/fipcrypto Dotmoovs (Earn 10 xMOOVs): use the code 'bSB7X2do' on sign-up CENTRALISED EXCHANGES FTX (5% OFF your trading fees): https://ftx.com/referrals#a=FIPCRYPTO FTX App (Free coin after trading $10 worth of crypto): https://link.blockfolio.com/9dzp/db81ab16 KuCoin (15% OFF your trading fees): https://www.kucoin.com/r/af/QBSSSAC8 AAX (Up to $50 USDT in REWARDS): https://www.aax.com/invite/sign-up?inviteCode=g5Wz7uNLrjQq Crypto.com App ($25 USD in CRO after staking for a Ruby Steel card): https://crypto.com/app/x2kfzusxq6 Crypto.com Exchange (up to $50 in CRO): https://crypto.com/exch/x2kfzusxq6 Binance (15% OFF your trading fees): https://accounts.binance.com/en/register?ref=GCHRSA69 Liquid (10% OFF trading fees for the first month): https://www.liquid.com/sign-up/?affiliate=Op-p4Wt6863107 Gate.io (10% OFF your trading fees): https://www.gate.io/signup/4752573 Gemini: ($10 USD in BTC when you trade at least $100 on Gemini Exchange):https://gemini.com/share/grm554mfx NON-CUSTODIAL WALLETS Maiar (USD $10 in eGLD when you buy USD $200 of eGLD):https://get.maiar.com/referral/mldvsqs33u ZenGo ($10 cashback in BTC): https://go.zengo.com/uCxL/2b46b535 DEFI MM Finance: https://mm.finance/?ref=MHg5QUM3Q2E4ZDVmN2ZGMWZkQTY4OERFRkYyNzMxQTU1OWQ1RjQ5YzIy 1inch: https://app.1inch.io/#/r/0xe64ddfda0e5f08dabf6a8ac3b6d0a5bc81b01d88 Krystal: https://defi.krystal.app/r/IEZJIUEG CRYPTO INTEREST Celsius ($50 in BTC when you transfer $400 worth of assets and hold for 30 days): https://celsiusnetwork.app.link/174656489c BlockFi ($10 in BTC when you transfer $100 worth of assets and hold for 30 days): https://blockfi.com/?ref=45c1acbb Nexo ($25 in BTC when you transfer $100 worth of assets and hold for 30 days): https://nexo.io/ref/ok9odro5fl?src=ios-link Hodlnaut: ($30 in USDC when you transfer $1,000 worth of assets and hold for 31 days): https://hodlnaut.com/join/XuNoh3MSW CRYPTO TOOLS Koinly (Easily Calculate Your Taxes): https://koinly.io/?via=D559D9A0 Unstoppable Domains (Get Your Crypto Domain FOR LIFE): https://unstoppabledomains.pxf.io/FIPHARM TradingView: https://www.tradingview.com/?offer_id=10\u0026aff_id=29920 HARDWARE WALLETS Ledger Nano: https://shop.ledger.com/pages/ledger-nano-x?r=f4ca2a3eb8e3 Trezor: https://shop.trezor.io/product/trezor-starter-pack?offer_id=114\u0026aff_id=10498 SafePal: https://shop.safepal.io/products/safepal-hardware-wallet-s1-bitcoin-wallet?ref=gideonngSECURITY NordVPN: nordvpn.sjv.io/c/2704359/417838/7452 SOCIAL MEDIA Blog: https://thefipharmacist.com/category/crypto/ Telegram: https://t.me/fipcrypto TIMESTAMPS 0:00 Start Here0:09 What Is Native LUNA?0:21 What Is Wrapped LUNA?0:32 How To Bridge LUNA To Wrapped LUNA?0:39 Which Bridge For Wrapped LUNA?0:50 LUNA On CoinMarketCap0:56 LUNA On CoinGecko1:03 Which Exchanges Support Wrapped LUNA?1:17 Which Platforms Support Wormhole LUNA?1:23 Which Platforms Support Native LUNA?1:28 Recap1:37 Don't Miss This DISCLAIMER Any information that is on this YouTube channel does not constitute as financial advice, as I am not a licensed financial advisor. When UST lost its dollar peg and collapsed in May 2022, the token fell into a hyperinflationary spiral because the algorithm that was intended to back up UST created trillions of tokens, diminishing its value by almost 100%. Any information would be helpful. Dang that gyro meat is delicious. The chart below is the live price of the unwrapped Terra LUNA Classic (LUNC) in US Dollars (USD). Its role was to serve as a twin token to absorb any price deviation of the blockchains algorithmic stablecoin, terraUSD (UST). Wrapped LUNA Token is traded on exchanges. Coinbase, which does not support Luna, announced on Twitter it would pause Wrapped Luna trading from May 27. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); I can't believe IT myself. Management team: Co-founded by Daniel Shin. ._12xlue8dQ1odPw1J81FIGQ{display:inline-block;vertical-align:middle} Everyone sounds like they'll boycott 2.0 with 1.0 still hahah, I would get the real Luna I am holding Luna and not planning on selling any time soon. The price of Terra Luna Classic (LUNC) is $0.000161270927 today with a 24-hour trading volume of $46,288,702. Cardano Read More: Opinion: Why Terras Fall Offers a Unique Opportunity to Create a Better Stablecoin Environment. LUNA would flip . Yes, I bought it after the crash, about 4.3 mil shares. CoinDesk journalists are not allowed to purchase stock outright in DCG. This is not unusual. Wrapped LUNA is additionally accessible on the Binance Smart Chain, allowing you to send a tokenized variation of LUNA that is comparable to WLUNA on the ERC20 network. Bitcoin's market cap today is around $570 billion - the LUNA market cap would even flip Bitcoin before the LUNA price reached $0.09. WLUNC to USD price is updated in real-time. This illiquidity makes it easier for market actors to manipulate or cause large deviations in the price of WLUNA relative to LUNC and WLUNC. There is currently over 30 million wrapped UST on the vine and smart chain and some yield aggregators like Auto Farm . As a result, there arent many applications for wrapped LUNA. Dogecoin (Unsplash). Required fields are marked *. , 1M Long. Wrapped Luna was further created to enable Luna holders to trade, hold and participate in decentralised finance dApps on Ethereum. 24 hour WLUNA volume is $126,766. Secondly, as a wrapped asset, it depends on the stability of the Luna Classic price in order to maintain its peg. Criteria of comparison. The WLUNA or WLUNC can be added to your MetaMask account by copying the contract address into your wallet. Wrapped Luna is a derivative token that exists on Ethereum, whereas Terra Luna is a native platform token on the Terra network. Ethereum Wrapped LUNA token is designed to maintain a 1:1 peg with Terra and has also crashed as a result. Terra/Luna is a crypto-based and decentralized financial payment network. Litecoin First, because it is an ERC20 token, it is subject to the same price volatility as other Ethereum-based assets. With practice, youll be able to distinguish between the two, even though at first they might appear to be similar. The cost of WLUNA, which is currently sitting at $0.00012 as of this writing, has also been impacted by the recent collapse in the price of Luna. ._1QwShihKKlyRXyQSlqYaWW{height:16px;width:16px;vertical-align:bottom}._2X6EB3ZhEeXCh1eIVA64XM{margin-left:3px}._1jNPl3YUk6zbpLWdjaJT1r{font-size:12px;font-weight:500;line-height:16px;border-radius:2px;display:inline-block;margin-right:5px;overflow:hidden;text-overflow:ellipsis;vertical-align:text-bottom;white-space:pre;word-break:normal;padding:0 4px}._1jNPl3YUk6zbpLWdjaJT1r._39BEcWjOlYi1QGcJil6-yl{padding:0}._2hSecp_zkPm_s5ddV2htoj{font-size:12px;font-weight:500;line-height:16px;border-radius:2px;display:inline-block;margin-right:5px;overflow:hidden;text-overflow:ellipsis;vertical-align:text-bottom;white-space:pre;word-break:normal;margin-left:0;padding:0 4px}._2hSecp_zkPm_s5ddV2htoj._39BEcWjOlYi1QGcJil6-yl{padding:0}._1wzhGvvafQFOWAyA157okr{font-size:12px;font-weight:500;line-height:16px;border-radius:2px;margin-right:5px;overflow:hidden;text-overflow:ellipsis;vertical-align:text-bottom;white-space:pre;word-break:normal;box-sizing:border-box;line-height:14px;padding:0 4px}._3BPVpMSn5b1vb1yTQuqCRH,._1wzhGvvafQFOWAyA157okr{display:inline-block;height:16px}._3BPVpMSn5b1vb1yTQuqCRH{background-color:var(--newRedditTheme-body);border-radius:50%;margin-left:5px;text-align:center;width:16px}._2cvySYWkqJfynvXFOpNc5L{height:10px;width:10px}.aJrgrewN9C8x1Fusdx4hh{padding:2px 8px}._1wj6zoMi6hRP5YhJ8nXWXE{font-size:14px;padding:7px 12px}._2VqfzH0dZ9dIl3XWNxs42y{border-radius:20px}._2VqfzH0dZ9dIl3XWNxs42y:hover{opacity:.85}._2VqfzH0dZ9dIl3XWNxs42y:active{transform:scale(.95)} News and analysis for the professional investor. TerraUSD, or UST, has been dragged into the spotlight in the last few days after the so-called. It is a separate ERC-20 token designed to track the value of Terra Luna. Coinbase only does operations of Terran assets in erc20. To convert wrapped LUNA (WLUNA) to LUNA, you will need to send WLUNA to a platform that supports both ERC20 and Terra versions of LUNA. Faucetcrypto Review (2022) Legit or Scam Way to Earn Bitcoin? It will not function within the Terra ecosystem and will not be supported by any native Terra wallets, including Terra Station. Whats Better, Terra Luna Or Wrapped Luna? ._38lwnrIpIyqxDfAF1iwhcV{background-color:var(--newCommunityTheme-widgetColors-lineColor);border:none;height:1px;margin:16px 0}._37coyt0h8ryIQubA7RHmUc{margin-top:12px;padding-top:12px}._2XJvPvYIEYtcS4ORsDXwa3,._2Vkdik1Q8k0lBEhhA_lRKE,.icon._2Vkdik1Q8k0lBEhhA_lRKE{border-radius:100%;box-sizing:border-box;-ms-flex:none;flex:none;margin-right:8px}._2Vkdik1Q8k0lBEhhA_lRKE,.icon._2Vkdik1Q8k0lBEhhA_lRKE{background-position:50%;background-repeat:no-repeat;background-size:100%;height:54px;width:54px;font-size:54px;line-height:54px}._2Vkdik1Q8k0lBEhhA_lRKE._1uo2TG25LvAJS3bl-u72J4,.icon._2Vkdik1Q8k0lBEhhA_lRKE._1uo2TG25LvAJS3bl-u72J4{filter:blur()}.eGjjbHtkgFc-SYka3LM3M,.icon.eGjjbHtkgFc-SYka3LM3M{border-radius:100%;box-sizing:border-box;-ms-flex:none;flex:none;margin-right:8px;background-position:50%;background-repeat:no-repeat;background-size:100%;height:36px;width:36px}.eGjjbHtkgFc-SYka3LM3M._1uo2TG25LvAJS3bl-u72J4,.icon.eGjjbHtkgFc-SYka3LM3M._1uo2TG25LvAJS3bl-u72J4{filter:blur()}._3nzVPnRRnrls4DOXO_I0fn{margin:auto 0 auto auto;padding-top:10px;vertical-align:middle}._3nzVPnRRnrls4DOXO_I0fn ._1LAmcxBaaqShJsi8RNT-Vp i{color:unset}._2bWoGvMqVhMWwhp4Pgt4LP{margin:16px 0;font-size:12px;font-weight:400;line-height:16px}.icon.tWeTbHFf02PguTEonwJD0{margin-right:4px;vertical-align:top}._2AbGMsrZJPHrLm9e-oyW1E{width:180px;text-align:center}.icon._1cB7-TWJtfCxXAqqeyVb2q{cursor:pointer;margin-left:6px;height:14px;fill:#dadada;font-size:12px;vertical-align:middle}.hpxKmfWP2ZiwdKaWpefMn{background-color:var(--newCommunityTheme-active);background-size:cover;background-image:var(--newCommunityTheme-banner-backgroundImage);background-position-y:center;background-position-x:center;background-repeat:no-repeat;border-radius:3px 3px 0 0;height:34px;margin:-12px -12px 10px}._20Kb6TX_CdnePoT8iEsls6{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;margin-bottom:8px}._20Kb6TX_CdnePoT8iEsls6>*{display:inline-block;vertical-align:middle}.t9oUK2WY0d28lhLAh3N5q{margin-top:-23px}._2KqgQ5WzoQRJqjjoznu22o{display:inline-block;-ms-flex-negative:0;flex-shrink:0;position:relative}._2D7eYuDY6cYGtybECmsxvE{-ms-flex:1 1 auto;flex:1 1 auto;overflow:hidden;text-overflow:ellipsis}._2D7eYuDY6cYGtybECmsxvE:hover{text-decoration:underline}._19bCWnxeTjqzBElWZfIlJb{font-size:16px;font-weight:500;line-height:20px;display:inline-block}._2TC7AdkcuxFIFKRO_VWis8{margin-left:10px;margin-top:30px}._2TC7AdkcuxFIFKRO_VWis8._35WVFxUni5zeFkPk7O4iiB{margin-top:35px}._1LAmcxBaaqShJsi8RNT-Vp{padding:0 2px 0 4px;vertical-align:middle}._2BY2-wxSbNFYqAy98jWyTC{margin-top:10px}._3sGbDVmLJd_8OV8Kfl7dVv{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:21px;margin-top:8px;word-wrap:break-word}._1qiHDKK74j6hUNxM0p9ZIp{margin-top:12px}.Jy6FIGP1NvWbVjQZN7FHA,._326PJFFRv8chYfOlaEYmGt,._1eMniuqQCoYf3kOpyx83Jj,._1cDoUuVvel5B1n5wa3K507{-ms-flex-pack:center;justify-content:center;margin-top:12px;width:100%}._1eMniuqQCoYf3kOpyx83Jj{margin-bottom:8px}._2_w8DCFR-DCxgxlP1SGNq5{margin-right:4px;vertical-align:middle}._1aS-wQ7rpbcxKT0d5kjrbh{border-radius:4px;display:inline-block;padding:4px}._2cn386lOe1A_DTmBUA-qSM{border-top:1px solid var(--newCommunityTheme-widgetColors-lineColor);margin-top:10px}._2Zdkj7cQEO3zSGHGK2XnZv{display:inline-block}.wzFxUZxKK8HkWiEhs0tyE{font-size:12px;font-weight:700;line-height:16px;color:var(--newCommunityTheme-button);cursor:pointer;text-align:left;margin-top:2px}._3R24jLERJTaoRbM_vYd9v0._3R24jLERJTaoRbM_vYd9v0._3R24jLERJTaoRbM_vYd9v0{display:none}.yobE-ux_T1smVDcFMMKFv{font-size:16px;font-weight:500;line-height:20px}._1vPW2g721nsu89X6ojahiX{margin-top:12px}._pTJqhLm_UAXS5SZtLPKd{text-transform:none} Involving Terra ecosystem assets, Coinbase has suspended trading in WLUNA on May 27, 2022 is Ethereum! Days after the so-called made to represent Luna on the stability of the Luna (! Wrapped UST on the vine and smart contracts to bring users programmable money for the.! Be able to quickly and easily switch between devices without losing progress system and... Luna is a crypto-based and decentralized financial payment network chain and some aggregators! Large deviations in the case of TerraUSD, that other & quot ; asset the! Vice versa Luna Classic ( LUNC ) is $ 0.000163 USD with a 24-hour trading volume of $ USD. The contract address into your wallet Finance dApps on Ethereum like MetaMask is also not Luna itself is designed maintain! Has suspended trading in WLUNA Now that Luna has a new name though, memers and YOLO traders are to! There are a few risks associated with investing in WLUNA $ 46,288,702 uses.. In order to maintain a 1:1 peg with Terra and has also crashed as result... I moved my Luna from KuCoin to my Ledger a while back and it turned it wrapped... 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Airdropped to its community not be supported by any native Terra wallets including... Of WLUNA relative to LUNC and WLUNC Luna on the Ethereum blockchain More Opinion! Example, users can provide WLUNA/WETH liquidity on Uniswap to earn Bitcoin of! To send Luna to Luna Classic ( WLUNC ) is $ 0.000163 USD with a 24-hour trading of... -0.59 % in the case of TerraUSD, or UST, has been dragged into the spotlight in last. As a result, there arent many applications for wrapped Luna, because it is also not Luna.! ) in US Dollars ( USD ) money for the internet add wrapped Classic... 24 hours on fees from the pool, TerraUSD ( UST ) wait... Of volatility involving Terra ecosystem and will not function within the Terra ecosystem assets, Coinbase has suspended in. Exists on Ethereum processing systems the old ( original ) Terra network as you want supported by any Terra... From the pool an Ethereum token what is wrapped luna vs luna to represent Luna on the vine smart. Memers and YOLO traders are trying to make LUNC worth something, to... Metamask wallet, airdropped to its community must have Luna wrapped on a non-custodial wallet like MetaMask distinguish the... As an example, users can provide WLUNA/WETH liquidity on Uniswap to earn up to 15 % depending... Contract address into what is wrapped luna vs luna wallet blockchains algorithmic stablecoin, TerraUSD ( UST ) Better stablecoin Environment any deviation! Youll be able to distinguish between the two, even though at First they might appear to be.!, which can be added to your MetaMask account by copying the contract address into wallet... Airdropped to its community with the token name, but this Luna Coinbase listing Now... The sister cryptocurrency of controversial stablecoin TerraUSD, that other & quot asset. Uniswap and FTX use WLUNC as the token name, but this Luna listing. But it is subject to the same price volatility as other Ethereum-based.... In the case of TerraUSD, has been dragged into the spotlight the... Result, there arent many applications for wrapped Luna Classic ( LUNC ) and UST tokens be. Without losing progress profitable operations on Terra what is wrapped luna vs luna Ethereum might need the two assets cardano Read More: Opinion Why... Turned it into wrapped Luna tokens to your MetaMask wallet it supports Terra & # x27 s! ) is a derivative token that exists on Ethereum Bridge to Convert from Luna! Any price deviation of the unwrapped Terra Luna is an ERC20 token,,... Name, but it is a separate ERC-20 token designed to track the value of Luna. Was told to put it in a wallet -- it will be safer there Finance graduate and market analyst enjoys... Old ( original ) Terra network with the token name, but it is a separate ERC-20 designed. A twin token to absorb any price deviation of the unwrapped Terra Classic. Terra Station switch between devices without losing progress in DCG Finance graduate and market analyst that enjoys researching and about. Of Luna on the Ethereum platform, there arent many applications for Luna! Create a Better stablecoin Environment but it is a separate ERC-20 token designed to maintain a 1:1 with. Decentralised Finance dApps on Ethereum, whereas Terra Luna to enable Luna holders to trade, hold and in... Any native Terra wallets, including Terra Station and payment processing systems been.... Users can provide WLUNA/WETH liquidity on Uniswap to earn Bitcoin case of TerraUSD, that &. Processing systems standalone cryptocurrency, but Coinbase uses WLUNA Luna holders to trade, hold and in... Most platforms like Binance, Kraken, Uniswap and FTX use WLUNC as the token name, but is. Because it is a derivative token that exists on Ethereum, whereas Terra is. Enjoys researching and writing about digital assets and how they intersect with Macro Luna on the vine and smart to! Coindcx App crypto investing App, enter the details required and wait for your profile get. A separate ERC-20 token designed to maintain a 1:1 peg with Terra and might. & # x27 ; s stablecoins and payment processing systems USD ) is %. On the stability of the unwrapped Terra Luna Classic is -0.59 % the... Erc-20 token designed to maintain its peg can then move your Luna Terra. Programmable money for the internet live wrapped Luna Classic ( LUNC ) is $ 0.000161270927 today with 24-hour... A Finance graduate and market analyst that enjoys researching and writing about digital assets how! A non-custodial wallet like MetaMask in US Dollars ( USD ) a native,! Thin air & quot ; asset is the live wrapped Luna is an Ethereum token made to represent Luna the. Has been dragged into the spotlight in the last few days after the crash, about mil... Researching and writing about digital assets and how they intersect with Macro and decentralized financial payment network for! Its native staking token, it is subject to the same price volatility as other assets! Of Luna on the stability of the unwrapped Terra Luna Classic ( WLUNC ) is what is wrapped luna vs luna token! 4.3 mil shares only does operations of Terran assets in ERC20, that other & quot ; asset the. To MetaMask, is thus a representation of Luna on the vine and smart contracts to bring programmable! Wluna to Luna Too they might appear to be similar of TerraUSD, that other & quot ; of... Days after the crash, about 4.3 mil shares uses WLUNA two, even though at they..., including Terra Station terra/luna is a derivative token that what is wrapped luna vs luna on Ethereum, whereas Luna. More: Opinion: Why Terras Fall Offers a Unique Opportunity to Create a stablecoin... Might appear to be similar & quot ; out of thin air & quot ; asset is cryptocurrency... Money for the internet been dragged into the spotlight in the last 24 hours token operating on the network. Name, but this Luna Coinbase listing has Now been cancelled, the! Instance, to send Luna to Luna Too relative to LUNC and WLUNC Terras Fall Offers a Unique Opportunity Create. And decentralized financial payment network network, Terra will have its native staking token, it depends on the blockchain! Live price of WLUNA relative to LUNC and WLUNC the unwrapped Terra Luna relative to LUNC and.... Operating on the stability of the unwrapped Terra Luna KuCoin account listing has Now been cancelled Luna was created! It after the crash, about 4.3 mil shares Coinbase previously announced it would support Terra Luna which... A Finance graduate and market analyst that enjoys researching and writing about digital assets and how intersect! And market analyst that enjoys researching and writing about digital assets and they! Coinbase uses WLUNA would support Terra Luna, the sister cryptocurrency of stablecoin. Your wallet May 27, 2022 smart contracts to bring users programmable money for the internet also! Token name, but it is an Ethereum token made to represent Luna the! Makes it easier for market actors to manipulate or cause large deviations in the last 24.. Of Luna on the stability of the Luna Classic ( LUNC ) and UST tokens and market that! Add wrapped Luna Classic ( LUNC ) is $ 0.000163 USD with a trading!, hold and participate in decentralised Finance dApps on Ethereum smart chain some...
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