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How to Buy Wrapped LUNA Token(WLUNA)
- What is Wrapped LUNA Token(WLUNA)?
- Where to Buy Wrapped LUNA Token(WLUNA)?
- What to Do After I Buy Wrapped LUNA Token(WLUNA)
- Frequently asked questions
What is Wrapped LUNA Token(WLUNA)?
Terra is a public blockchain protocol deploying a suite of algorithmic decentralized stablecoins which underpin a thriving ecosystem that brings DeFi to the masses. Wrapped Luna (WLUNA) is an Ethereum token that's intended to represent Terra (LUNA) on the Ethereum blockchain. It is not LUNA, but rather a separate ERC-20 token that's designed to track LUNA's value. WLUNA was created to allow LUNA holders to trade, hold, and participate in decentralized finance ("DeFi") dApps on Ethereum. Through a WLUNA partner, 1 LUNA can be exchanged for 1 WLUNA, and vice-versa.
Where to Buy Wrapped LUNA Token(WLUNA)?
Frequently Asked Questions(FAQ)
Can I buy 1 Wrapped LUNA Token(WLUNA)?
Is Wrapped LUNA Token a good investment in 2025?
Wrapped LUNA Token(WLUNA) is a blockchain asset with high risk, please be sure to carefully study the crypto info before investing.
How to Store Wrapped LUNA Token(WLUNA)?
If you want to keep and hold Wrapped LUNA Token(WLUNA) for the long term and do not plan to sell them, security may be the first thing you should consider. Although keeping them in most of the top exchanges' wallets nowadays is safer than before, with the development of security techniques, however, because of the very nature of the wallets in exchanges, they will be always online( so-called "hot wallet"), it is possible of being a hack. What's more, the exchanges shut down may cause the loss of your fund. So the safest way of storing your coins or tokens is always putting them into "Cold Wallets", it is the wallet that is totally offline. There are two types of cold wallets:
- Paper wallet: It is simply formed by using a program to randomly generate a public and private key offline and you can print them on a piece of paper, which you then store and save in a secure place. The keys are printed in the form of QR codes which you can scan in the future for all your transactions.
- Hardware cold wallet: Hardware wallets are physical devices where you can store your cryptocurrency. Your crypto addresses and keys can be kept in a USB drive device, and only the person who possesses the USB drive can access the assets.
Nowadays, most people prefer to use hardware cold wallets, if you want to store a large number of coins or tokens, you can choose to use a hardware cold wallet to store your assets.