How to buy Terra from Bitget 

What is Terra (LUNA)?

Terra is a blockchain network that is designed for e-commerce and decentralized finance with the main utility and governance token, LUNA. It was released in 2018 by Do Kwon and Daniel Shin of Terraform Labs, and quickly became one of the most prominent projects in the crypto sphere.

In 2022, Terra went through a complete meltdown after $2 billion worth of token was unstaked, leading to the depeg of the USD-pegged stablecoin UST, the collapse of the blockchain, and the tanking of the whole crypto market. After the event, Do Kwon announced a recovery plan with a hard fork: the old Terra blockchain is now called Terra Classic and the collapsed LUNA token has become LUNC (LUNA Classic), while the new blockchain and its new token adopt the names Terra and LUNA (or Terra 2 and LUNA 2), respectively.

How Terra (LUNA) Works

With the aim to facilitate e-commerce in real life, Terra has a wide range of fiat-backed stablecoins, including those for USD, EUR, GBP, KRW, JPY, etc., alongside a utility and governance token called LUNA. One special thing about these stablecoins is that they are not ensured by any reserves, but rather their prices are determined by "algorithm", hence the name algorithmic stablecoins. LUNA is used as a collateralization mechanism of these stablecoins, so it does not have a hard cap of total supply.

With this system in place, Terra provides a fast, cheap, and relatively-non volatile environment for decentralized commerce and finance.

How Many Terra (LUNA) Tokens Are in Circulation?

At the moment, 1,004,262,701 LUNA tokens are in total supply. Among those, 127,475,474.31 are in circulation.

How to Buy Terra (LUNA)

Consider investing in Terra (LUNA)? It only takes 2 minutes to create an account on Bitget and start trading LUNA. 

Check out the available LUNA trading pairs on Bitget!

Futures market

LUNAUSDT

Spot market

LUNAUSDT

LUNAUSDC

Terra (LUNA) Resources

Official Website

Official Documents

Bitget: Where The World Trades Terra

Fast

Bitget’s world-class matching engine supports up to 1,400,000 orders per second. This ensures that your crypto trading experience is quick and reliable.

Simple

Trading crypto on Bitget is easy and intuitive. You only need a few steps to buy Terra instantly.

Secure & Trusted

Millions of global crypto users trust us. Our multi-tier & multi-cluster system architecture and SAFU (Secure Assets Fund for Users) insurance fund protect your account.

Liquid

Bitget is the world’s most liquid cryptocurrency exchange, with the biggest volumes across multiple crypto pairs.

How to buy Terra from Bitget 

What to Do After I Buy Terra

Store/Hold Terra

Many users hold on to their Terra with the expectation of it increasing in value. You can store your LUNA safely on your Bitget account or on our crypto wallet app Trust Wallet, the most user-friendly and secure mobile wallet.

Trade Terra

You can trade Terra for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Terra trading to meet your needs.

Send Terra

Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Terra online and send to anyone and anywhere with their Terra address.

Spend Terra

You can also buy goods and services with your Terra. More and more vendors and retailers accept Terra every day.

Donate Terra

Bitget Charity accepts Terra donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Terra so no one misses out on the growth made possible by blockchain.

Learn More About Terra

You can read more in-depth articles on Terra from Bitget Research and study how cryptocurrencies like Terra work on Bitget Academy

Buy and Sell LUNA on the Move

Download the Bitget crypto trading app and trade your LUNA plus 150+ cryptocurrencies, anytime and anywhere.

(!) Cryptocurrency investment activities, including actions done to buy Terra online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Terra instantly, and we put our best efforts to fully inform our users about each and every cryptocurrency we offer on the exchange, but we are not responsible for the results that may arise from your Terra purchase. This page and any information in it is not meant to be interpreted as an endorsement of any particular cryptocurrency or method of acquiring it.