Can Terra (LUNA) crypto be mined?v
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No. LUNA can not be mined because it is not a Proof-of-Work (PoW) blockchain.
Since it is a Proof-of-Stake (PoS) blockchain, LUNA can be staked instead.
Staking is a process where you commit your cryptos to support the blockchain network by validating transactions.
If you choose to stake LUNA, you will be benefited in two ways:
Currently, LUNA is the fourth largest crypto asset by staked value with around $25.412 billion staked at the time of writing.
LUNA holders who stake their LUNA earn a 7.11% return.
Another benefit of staking LUNA is weekly airdrops!
Currently, you can receive free airdrops for three projects in the Terra LUNA ecosystem: