What is Terra Classic  Terra is an open-source, community-owned blockchain which hosts a vibrant ecosystem of applications. On Terra, you can build applications and organizations using the available suite of cutting-edge developer tools, or simply try out existing ones by connecting a wallet.

What is LUNA? LUNA is the Terra protocol’s native staking token. LUNA is used for governance and in mining. Users stake LUNA to validators who record and verify transactions on the blockchain in exchange for rewards from transaction fees.

How can i get LUNA? You can buy LUNA through most major crypto exchanges like Binance or Kucoin and then withdraw it to your Station wallet to start using Terra and the applications on top of it.

Benefits of holding LUNA Holding and staking LUNA allows you to earn staking rewards. These rewards come from fees and new LUNA that are unlocked during the creation of every block on the Terra blockchain. 

The Terra ecosystem runs on its native cryptocurrency, LUNA. You can use LUNA to pay for transaction fees on the Terra blockchain as you interact with various applications. 

Additionally, you can also use LUNA to earn staking rewards, purchase your favorite digital art, have a say on community-led governance proposals, and much more.