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Convert
Nigerian Naira (NGN) to LUNA Terra 2.0 (LUNA) Instantly

NGN NGN
LUNA LUNA
Buy LUNA Terra 2.0 (LUNA)

Purchase LUNA Terra 2.0 (LUNA) with Nigerian Naira (NGN) 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 NGN 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 exactly is the NGN/LUNA trading pair?

    The NGN/LUNA pair represents the exchange rate between the Nigerian Naira (NGN) and Terra 2.0's native token, LUNA. It allows users to directly purchase this digital asset, which functions as a governance token for the Phoenix-1 mainnet, using a local fiat currency. Trading this pair involves exchanging NGN for LUNA on a cryptocurrency exchange that supports this specific fiat on-ramp.

  • What are the common methods for buying LUNA with Nigerian Naira (NGN)?

    Due to local banking regulations in Nigeria, the most prevalent method is using Peer-to-Peer (P2P) trading platforms on major cryptocurrency exchanges. These platforms facilitate transactions where you pay a verified merchant directly via NGN bank transfer, and the exchange releases the LUNA from escrow. Some platforms may also support direct NGN deposits through local payment methods or fintech apps.

  • What is the difference between Terra 2.0 (LUNA) and Terra Classic (LUNC)?

    It's crucial to understand this distinction. Terra Classic (LUNC) is the original Terra blockchain's token. After its stablecoin collapse, a new blockchain, Terra 2.0 (Phoenix-1 mainnet), was created. LUNA is the native asset of this new chain, distributed via an airdrop to previous holders. When you buy LUNA, you are interacting with the new Terra ecosystem, not the original, now community-run, Terra Classic chain.

  • What technical framework is Terra 2.0 built on?

    Terra 2.0 is built using the Cosmos SDK, a popular framework for creating sovereign, application-specific blockchains. It utilizes the Tendermint Core consensus engine, which is a Byzantine Fault Tolerant (BFT) Proof-of-Stake (PoS) mechanism. This technical foundation allows for interoperability with other blockchains in the Cosmos ecosystem and provides a robust environment for developers to build Terra ecosystem dApps.

  • Are there specific KYC/AML requirements for NGN to LUNA transactions?

    Yes, any reputable cryptocurrency exchange or P2P platform facilitating NGN/LUNA trades will enforce KYC/AML (Know Your Customer/Anti-Money Laundering) compliance. This typically involves verifying your identity with a government-issued ID and sometimes proof of address. This is a standard security procedure to prevent fraud and comply with financial regulations, ensuring a safer trading environment for all users.
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