There are two main types of tokens in the Terra ecosystem: the core governance token Luna, and the Terra series stable coins issued with Luna as the basic asset.

Terra adopts a POS consensus mechanism, and its core is supported by Cosmos' Tendermint consensus, which generates a block in an average of 6 seconds. Luna token holders pledge Luna to the verification node, and the verification node will generate blocks.

Token quantity, distribution and circulation

The planned total number of Luna tokens is 1 billion, and the actual total number of tokens is 995.41.5 million. The current actual supply is about 400 million. The unlocking time of up to 70% of the total tokens is unknown. In addition, Terra's browser functions are extremely limited. Currently, there are no functions such as querying Luna address rankings and holding ratios, which further reduces the transparency of the project's tokens. This is worth noting.