Terra was a blockchain platform that powers a decentralized stablecoin network. Its currency, also known as LUNA, operates as a decentralized reserve. Today we will talk about what is Terra Luna contract address and how can I add Terra Luna to MetaMask. Let’s find out by reading the article below.
What is the Terra Luna contract address?
On May 9, 2022 TerraUSD (UST) was no longer pegged to the U.S. dollar, and by May 11, the price dropped to $0.30. The founders have attempted to stabilize its price by injecting cash and tweaking the protocol to reduce supply. Terra (LUNA) ERC20 token on Binance Smart Chain mainnet. The token is implemented as an ERC20 smart contract at address 0xba1e47021877a8dbbad5****98c570859aa5c8d9 with 18 decimals.
How can I add Terra Luna to MetaMask?
You cannot add Terra to Metamask, but you can bridge your funds from Terra to Arbitrum. Once your funds are deposited into Arbitrum, you can view them in your Metamask wallet. Follow the guide below to get started.
Step 1: Go to Synapse and select "Terra" and "Fantom" as the two networks
Step 2: Enter the amount of UST you want to send (this is the only token you can bridge)
Step 3: Funds will arrive in your Metamask wallet within minutes
Should I buy Luna?
The price plummeted 95% within 48 hours, with the worst being $0.09. The downturn was caused by the loss of the US dollar-pegged stablecoin UST, which eventually caused the price of LUNA to plummet.
I hope this article will help you to learn what is Terra Luna contract address and how can I add Terra Luna to MetaMask. The new blockchain bears the same Terra name, and its native cryptocurrency again uses the ticker symbol LUNA. However, the original project has been renamed Terra Classic and the cryptocurrencies are newly named LUNC and USTC.
