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Convert
Georgian Lari (GEL) to LUNA Terra 2.0 (LUNA) Instantly

GEL GEL
LUNA LUNA
Buy LUNA Terra 2.0 (LUNA)

Purchase LUNA Terra 2.0 (LUNA) with Georgian Lari (GEL) easily at Switchere and benefit from fast, secure transactions.

About
LUNA Terra 2.0 (LUNA)

Terra 2.0 (LUNA) represents a new public blockchain launched as a community-driven initiative to revive the vibrant Terra ecosystem following the de-pegging of its original algorithmic stablecoin, UST. This new digital ledger operates independently of the original chain, now known as Terra Classic (LUNC), and crucially, does not feature an algorithmic stablecoin in its design. The primary objective is to preserve the valuable developer community and the wide array of decentralized applications (dApps) that were built on the original Terra network, providing them with a new foundation for growth and innovation within Web3 infrastructure.

Built using the Cosmos SDK and secured by the Tendermint proof-of-stake consensus mechanism, the Terra 2.0 blockchain prioritizes performance and interoperability. The native digital asset, LUNA, is central to the network's operation. Its primary functions are as a utility token for transaction fees and as a staking token, where validators and delegators lock up LUNA to secure the decentralized network and earn rewards. Furthermore, LUNA serves as the governance token, empowering holders to vote on key on-chain governance proposals that direct the future development and treasury management of the ecosystem, aiming to rebuild a robust hub for DeFi applications.

LUNA Terra 2.0 (LUNA)

How to Buy LUNA Terra 2.0 (LUNA)

swipe Step-by-step guidance
card Easy credit card payments
btn Streamlined purchase process
  1. Step 1 illustration
    01

    Choose GEL to LUNA Pair

    Select your preferred payment method and enter the amount.

  2. 02

    Enter Your LUNA Terra 2.0 Wallet Address

    Provide your LUNA wallet address and proceed with the payment.

  3. 03

    Receive Your LUNA Terra 2.0

    Complete the payment, and your LUNA will be sent to your wallet.

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Frequently asked questions

  • What is the most common way to buy Terra 2.0 (LUNA) with Georgian Lari (GEL)?

    Typically, direct GEL/LUNA pairs are rare. The most common method is to use a cryptocurrency exchange that accepts GEL deposits via local bank transfer or card payment. Users first convert GEL into a major stablecoin like USDT or BTC, and then use that asset to trade for LUNA on the exchange's order book. This process requires completing KYC/AML verification on a regulated platform.

  • What is the function of LUNA in the Terra 2.0 ecosystem?

    LUNA is the native staking and governance token for the Terra 2.0 blockchain, known as the Phoenix-1 mainnet. Its primary functions are to secure the network through staking via the Tendermint consensus mechanism and to allow holders to vote on governance proposals that direct the future of the ecosystem. It is also used to power transactions within the network of dApps built using the Cosmos SDK.

  • What are the potential fees when converting GEL to LUNA?

    There are several potential fees: a fiat on-ramp fee for depositing GEL onto an exchange, a trading fee (maker or taker) for the GEL to stablecoin transaction, another trading fee for the stablecoin to LUNA transaction, and finally, a network withdrawal fee if you move your LUNA from the exchange to a secure, self-custody digital wallet.

  • How can I securely store LUNA after a purchase with GEL?

    For maximum security, you should withdraw your LUNA from the cryptocurrency exchange to a self-custody digital wallet where you control the private keys. Options include the official Terra Station wallet, other compatible software wallets, or hardware wallets for the highest level of security. Leaving assets on an exchange exposes you to platform-specific risks.

  • Are there regulated platforms in Georgia for buying digital assets like LUNA with GEL?

    Yes, several international and local cryptocurrency exchanges operate in Georgia and comply with local regulations, including KYC/AML requirements. These platforms act as a fiat on-ramp, allowing users to deposit Georgian Lari to begin their digital asset purchase. It is crucial to research and choose a reputable exchange with good liquidity and a strong security track record.
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