What is Luna’s correlation with Terra Money?
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Luna is the staking token for the terra blockchain. Terra tx pays fees 0.7% currently as staking rewards for Luna. As terra adoption grows so do staking returns for Luna
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If I understand correctly, the purpose of Luna to Terra’s network is comparable to XRP’s purpose to Ripple’s network, without staking rewards. Is that right?
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XRP has neither fiat denominated redemption nor non inflationary rewards. Luna can be swapped out to terra stablecoin (redeemable) and earns rewards not from inflation but from tx fees
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