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Convert
Indian Rupee (INR) to LUNA Terra 2.0 (LUNA) Instantly

INR INR
LUNA LUNA
Buy LUNA Terra 2.0 (LUNA)

Purchase LUNA Terra 2.0 (LUNA) with Indian Rupee (INR) 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 INR 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 are the common methods for buying Terra 2.0 (LUNA) with Indian Rupees (INR)?

    To buy LUNA with INR, you typically use a cryptocurrency exchange that supports INR deposits. The most common fiat on-ramp methods in India include UPI (Unified Payments Interface), IMPS, NEFT, and direct bank transfers. Users must complete KYC/AML compliance checks on these platforms before they can fund their account with INR and execute a trade on the LUNA/INR order book to acquire the digital asset.

  • What exactly is the LUNA token from the Terra 2.0 chain?

    The LUNA token is the native staking and governance asset of the new Terra 2.0 blockchain, also known as the Phoenix-1 mainnet. This new chain was created to revive the Terra ecosystem. LUNA holders can stake their tokens with validators to secure the network via its Proof-of-Stake consensus mechanism and participate in on-chain governance by voting on proposals. It is a completely new token, distinct from the original token, now called Terra Classic (LUNC).

  • Are there specific Indian tax implications for trading LUNA with INR?

    Yes, in India, profits from the sale of cryptocurrencies like LUNA are classified as income from Virtual Digital Assets (VDA) and are subject to a flat tax. Additionally, a Tax Deducted at Source (TDS) is applicable on every crypto transaction above a certain threshold. It is crucial for traders to maintain accurate records of their LUNA/INR transactions for tax compliance purposes. This information is for educational purposes and is not tax advice.

  • How can I securely store LUNA tokens after an INR purchase?

    After acquiring LUNA on an exchange, it's best practice to move your digital assets to a secure, self-custody wallet. For the Terra 2.0 chain, this can be a compatible software wallet like Terra Station or a hardware wallet (cold storage) for maximum security. Always ensure you securely back up your seed phrase offline and never share your private keys. Leaving assets on an exchange exposes you to counterparty risk.

  • What are the primary use cases for the new LUNA token within the Terra 2.0 ecosystem?

    The new LUNA token has two core functions in the Terra 2.0 network. Firstly, it's a staking token used to secure the blockchain through the Proof-of-Stake (PoS) consensus mechanism, where users delegate LUNA to validators and earn rewards. Secondly, it serves as a governance token, granting holders the right to vote on key proposals that determine the future development and direction of the Terra ecosystem, such as software upgrades or treasury spending.
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