Terra has taken the South Korean market by storm. By incorporating clever tokenomics and strategic partnership, Terra aims to become the first price-stable, widely adopted cryptocurrency. One of the many interesting things to note about Terra is its dual-token ecosystem. The two tokens are:
- Terra: The stablecoin which will be used by people in the real-world to conduct transactions.
- Luna: The staking coin in Terra’s proof-of-stake ecosystem. Luna is subject to market volatility.
Luna is currently uniquely positioned to become one of the hottest coins of 2020. In this article, we will tell you why Luna has immense growth potential, and why you must look into it.
Leveraging a growing network via Metcalfe’s Law
As per Wikipedia, Metcalfe’s law states the effect of a telecommunications network is proportional to the square of the number of connected users of the system. The law was formulated by the inventor of Ethernet and the co-founder of 3Com.
In simple terms – more the people involved in a…