What is Terra Luna? History & Crash Explained (ANIMATED)
What is Luna crypto? What network is Terra Luna on? What's the history behind Terra?
Sooner or later, every person who decides to enter the crypto space, will have to face these questions. Terra (LUNA) is a household name when it comes to crypto. But… For sad reasons.
In this video, I’ll cover the short, yet intense history of Terra (LUNA), I’ll explain the concepts of TerraUSD (UST) stablecoin, Luna coin, and how did Terra Labs, the company behind the Terra (LUNA) project, managed to grow so big, and so fast. In addition to this, I’ll cover what role did Do Kwon, the co-founder and the main figurehead of this venture, play in the rise & fall of Terra (LUNA).
Did you hold any TerraUSD or Luna coins? Have you experienced any losses when Terra (LUNA) came crashing down? Do you think this coin has any chances of recovery? Let us know in the comment section!
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Video Time Table:
0:00 Introduction to What is Terra Luna
1:09 The Beginning of Terra
3:14 Algorithmic Stablecoin
5:20 Anchor Protocol
6:30 Do Kwon's Antics
8:52 Do Kwon's Escape
9:48 Terra Now
10:40 Wrap-up: What is Terra Luna?
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