Terraform Labs Gives $820M in LUNA Tokens to Luna Foundation Guard

April 14, 2022

Terraform Labs, the organization behind the UST algorithmic stablecoin (UST) and its LUNA token, gave 10 million LUNA tokens worth $820 million to Luna Foundation Guard (LFG), the nonprofit that is building up bitcoin (BTC) reserves for UST, The Block reported.

Source

Spread the love

Related posts

• 

  November 21, 2024 boss 0

  Crypto Exchange Tokens: Tomorrow’s Blue Chip Investments

  The Rise of Crypto Exchange Tokens as Blue Chips Institutional interest in cryptocurrencies is surging, driven...

  Exchanges News 

• 

  November 21, 2024 boss 0

  $2 Million PEPE Purchase Sees 105 Billion Tokens Snapped Up

  They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s...

  News Other Crypto News 

• 

  November 20, 2024 boss 0

  Canaan rises 4% after securing Bitcoin mining partnership with Luna Squares Texas

  Crypto firm Canaan teamed up with a West Texas Bitcoin mining firm to boost its operations...

  Bitcoin News News