Following a brief hiatus after its involvement in the collapse of the Terra blockchain, Luna is back on a new blockchain and is once again available to buy.
Not to be confused with Terra Classic and Luna Classic, the chain from which the new Terra blockchain hard forked and its native currency, the new Luna is no longer associated with the Terra US (UST) stablecoin.
When the original Terra started issuing more Luna to prop up UST, the token lost nearly all its value. It’s this kind of volatility in crypto that has led to repeated warnings from the UK’s financial watchdog.
The Financial Conduct Authority (FCA) says anyone who invests in crypto should be prepared to lose their entire investment.
If you’re aware of the risks but you’re still interested in buying the new Luna token, here’s how to do it.
Choose an exchange
You’ll need to use a crypto exchange to swap your fiat currency (pounds sterling) for Luna.
Since Luna is relaunching…