DeFi Luna LUNA Token Tracker

This content is for informational purposes only and is not investment advice. You should consult a qualified licensed advisor before engaging in any transaction.

• The benefits of this setup are obvious—stability of the US dollar for trading, but the convenience of having it live in a specific crypto ecosystem.
• This careful product assessment can happen when we purchase everything from undergarments to a new laptop.
• Users were advised to sell or transfer their holdings before the deadline, at which point the tokens will be automatically sold and converted to buying power on the app.
• Etherscan, a block explorer for the Ethereum blockchain, announced on April 10 a feature that is designed to prevent users from falling victim to scams.
• Overall, Etherscan is an essential tool for anyone working with Ethereum.

Creating an account on Etherscan is free and only takes a few seconds. Simply click the “Sign Up” button on the top right of the page and follow the instructions. Once you have created an account, you can login and access all of Etherscan’s features. Etherscan is one of the most trusted and popular Ethereum block explorers.

Similar Match Source Code Note: This contract matches the deployed ByteCode of the Source Code for Contract 0xDaB5dc…ba42d2a6

You can also contact the Etherscan team directly if you spot an error on the platform. If you are curious about other blockchain explorers, you may want to try BscScan (created by the same development team as https://cryptolisting.org/coin/mvp Etherscan) or Polyscan (used for transactions on the Polygon Network). Prometheum Ember Capital has secured approval to become a “qualified custodian” for digital assets considered securities by the SEC.

However, some users have raised concerns about its reliability. While previously there have been hacks to the system, the damage has been minimal. No users were ever at risk of losing their crypto assets and the developers acted quickly to patch any vulnerabilities.. There are far more details than all this, more than can be considered in a blog post. We’ve not discussed borrowing/lending platforms (like Anchor, mentioned above).

Transaction: 8-Digit Bet on $LUNA Price

On May 28, 2022, the genesis block of the new chain was launched to conduct future transactions under the name Terra (LUNA), and the original Terra Chain was rebranded as Terra Classic. The original native token — LUNA has also been renamed as LUNA Classic (LUNC). Moreover, all network stablecoins (UST, KRT, EUT) have been renamed to Terra Classic stablecoins (USTC, KRTC, EUTC). You can access Etherscan’s public blockchain explorer with just a web3 wallet. However, if you want to interact with particular features on Etherscan, such as the Token Tracker or submitting contract verifications, you will need to create an account.

RAI, as noted by Vitalik, is backed by ETH, a cryptocurrency with perhaps the largest network effect and diverse applications. For this reason the demand for ETH will be less correlated with demand for stablecoins that get collateralized by it (like RAI). This means RAI is less likely to fall into that death spiral, less likely to get snatched up in a nasty feedback loop because there is enough other economic activity to buttress it. It is well known in crypto that the term “stablecoin” is a misnomer.

Elon Musk’s Twitter-to-Doge logo switch raised as evidence in lawsuit

LooksRare became the first NFT marketplace to integrate Blockscan Chat. AlphaWallet had earlier been the first wallet to integrate the feature. The Ronin bridge was hacked for $625M after 5 of 9 validators were compromised.

• Creating an account on Etherscan is free and only takes a few seconds.
• Some stablecoins are sustained by huge vaults of cash, others by elaborate computational and financial engineering.
• If you would like to know where to buy Terra Classic at the current rate, the top cryptocurrency exchanges for trading in Terra Classic stock are currently Binance, OKX, BTCEX, Deepcoin, and BingX.
• Terra and UST were too tightly entwined, exacerbated by the fact that Anchor (a lending platform) once had over 70% of all UST created.
• The UST stablecoin algorithm created trillions of LUNA tokens, fell into a hyperinflationary spiral, and reduced the value of the original LUNA token by 99%.

Overall, Etherscan is an essential tool for anyone working with Ethereum. It offers a wealth of features and data points that make it an invaluable resource for developers, users, and researchers alike. If you’re not already using Etherscan, you should definitely check it out. In addition to being a valuable tool for Ethereum users, Etherscan is also one of the most popular websites in the blockchain space. It offers a wealth of features and functionality that are used by the millions of people who visit the website every month. During an address poisoning attack, a scammer creates a “spoofed” address that is nearly identical to one that their target has previously transacted with.

BTSE Joins Leading Global Institutions in the Talos Provider Network

Yet the term “stablecoin” may have led some to tragically miss out on this assessment, and dangerously weigh only one feature (such as interest rate on a lending platform). Tokenholders may also delegate others to validate transactions on their behalf, sharing in any revenue generated. Terra also offers additional guidance to validator nodes on the best practices for helping to keep the network secure.

It is fun to imagine how crypto systems and innovative financial engineering may create new kinds of stablecoins in the future. Or “$TUITION,” a coin that fluctuates with 1 year’s worth of schooling at a college or other institution. Parents or relatives could invest fractional $TUITION values incrementally over time until 4 $TUITION tokens are secured for the future. In a recent post about stablecoins, Vitalik Buterin shares an important point about understanding the limits of these assets.

Coinbase, meanwhile, suggested that this type of attack originated in November 2022 and had led to $19 million of thefts on various platforms by February 2023. The site will hide zero-value transfers to protect against address poisoning attacks. On the flip side, the value of LUNA can also decrease if UST is perceived as unstable.

The fundamental distinction here from a hollow ICO is the external commodity, service or other asset, the peg, the linkage to something else as the primary value mechanism. The trilemma is illustrated in the extreme by the so-called “death spiral” of stablecoins. Recently, UST and LUNA both collapsed to approximately $0 USD value. At the time of collapse, this represented over $40 billion of capitalization—it would be like 2 or more entire Ethereum NFT markets just vanished within a day or so in their entirety. Most crypto exchanges supported Terra Luna in the past, and they continue to do so now with Terra Classic (LUNC).