Convergence Finance Offers $LUNA Private-Sale Tokens to the Public
Convergence Finance is thrilled to announce the private sale of Terra ’s tokens $LUNA on Convergence Offering (ConvO). This offering will kick start the ConvO offering on Moonbeam Network with optimized subscription fees for the end-to-end subscription experience.
fLUNA will be its 2nd private sale of existing prominent projects to make private markets public after fMATIC. Convergers will be able to access prominent project tokens at a reduced price as compared to the market price which is not publicly available, this also enables price discovery of the corresponding project token during the lock-up period of the future tokens.
$LUNA provides its holders with staking rewards and governance power. The Terra ecosystem is a quickly expanding network of decentralized applications, creating a stable demand for Terra and increasing the price of $LUNA.
The $LUNA token will continue to exist and will play an increasingly important role, securing the system and enabling governance.
ABOUT Terra Money
The Terra protocol is the leading decentralized and open-source public blockchain protocol for algorithmic stablecoins. Using a combination of open market arbitrage incentives and decentralized Oracle voting, the Terra protocol creates stablecoins that consistently track the price of any fiat currency. Users can spend, save, trade, or exchange Terra stablecoins $UST instantly, all on the Terra blockchain.
ABOUT Convergence
Convergence is the first AMM to make private tokens interchangeable in the DeFi space by fractionalizing them using a single easy-to-use interface and composable with other DeFi protocols. Convergence enables originators to take advantage of DeFi’s liquidity, while DeFi users can access exotic private exposure unavailable to them before. Convergence Finance combines the edge of a lowered investment entry barrier with the liquidity, automation, and transparency features of DeFi to bring exclusive investment exposure to all DeFi users.
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