XT Will List LUNA

Dear XTers,

We are honored to announce that LUNA(Terra) will be listed on XT.COM. The LUNA/USDT trading pair will be open in Main Zone at 16:00 on July 9, 2021 (UTC+8). The deposits & withdrawals have been open. Enjoy your trading!

[Token info]

• Terra is an algorithmic stablecoin platform, operating on a Proof of Stake (PoS) blockchain infrastructure built with Tendermint.
• LUNA is the token of the Terra platform and is used in the issuance of stablecoins (TerraSDRs), as a price stability mechanism, as well as for staking and network governance.
  In order to stabilize the value of TerraSDRs with their respective pegged currencies, users can redeem LUNA tokens in exchange for TerraSDRs and vice versa.
• Terra is backed by Luna, the mining token that powers Terra’s DPoS blockchain. Miners, therefore, provide stability and security. In exchange, the protocol offers stable mining rewards from transaction fees and seigniorage in all economic conditions.
• Terra is designing a price-stable digital currency that will power the next-generation payment network on the blockchain. Terra partners with an ever-growing alliance of global eCommerce platforms to bring blockchain’s benefits such as low transaction costs to merchants and everyday consumers. By bridging the gap between digital currencies and real-world application, Terra aims to evolve into an open platform for innovative financial dApps and grow the real GDP of the blockchain economy. Founded by a team of business, finance and blockchain experts, Terra has offices in Singapore and Korea.
• Terra’s stability mechanism depends on arbitrage activities by users. For instance, when the price of TerraKRW (TerraSDR pegged to the Korean Won) falls to 0.95:1.00 against the Korean Won in secondary markets, users can purchase 100 TerraKRW with 95 KRW on exchanges, and redeem these tokens on the Terra platform for LUNA tokens worth of 100 KRW. If the price of 1 TerraKRW goes above 1 KRW, users can purchase TerraKRW on the Terra platform and sell on exchanges for a profit.
• The Terra protocol tries to achieve predictable rewards for network participants in all economic conditions - using transaction fees and the rate of LUNA burn as levers to oppose changes in unit mining rewards.

Website: https://terra.money/

Blockchain Browser:  https://www.terra.money

Whitepaper Link: https://s3.ap-northeast-2.amazonaws.com/terra.money.home/static/Terra_White_paper.pdf?201904

Risk warning:

1. LUNA is a newly-listed token and its initial price may suffer huge fluctuations, causing partial or total losses. Before trading, please have a full understanding of all the risks in investing in digital assets and be prudent in your own decisions.
2. All information displayed on XT.COM does not constitute investment advice. XT.COM does not take responsibility for any direct or indirect losses resulted. XT.COM does not assume responsibility for guarantees or compensation for depositing or locking positions.

XT.COM reserves the right, at its discretion, to change, modify, or remove portions of the announcement at any time by posting the amended version on the website with or without notice.

Thank you for your support!
XT.COM Team
July 9, 2021