LUNA & UST Now Available on 1xBit

The popularity of Terra (LUNA) and the stablecoin UST has grown exponentially, and now these tokens are being added to 1xBit’s list of permitted payment options.

1xBit is a cryptocurrency casino platform. It has always been open to new opportunities and functionalities. To give users more freedom in transactions, 1xBit added LUNA as well as UST.

LUNA and UST – the hottest crypto in the market

LUNA and UST stablecoin are cryptocurrencies whose value is mutually dependent on each other, coming from one of the most successful DeFi projects – Terra Network.

The Terra Network’s native cryptocurrency is LUNA. Terra Network’s purpose is to provide a platform for developers to build DApps or blockchains that have unique uses. Terra’s main concern is to develop a lightning fast blockchain infrastructure that can allow for reliable, programmable payments.

LUNA is used to stake on Terra Network and to ensure price stability for stable coins whose value can be tethered with fiat currencies like the TerraUSD (UST), that is tied to the US Dollar’s price.

Now, because UST’s price is stable, bettors who use it as a payment on 1xBit don’t have to worry about volatility.

The price of the LUNA token, on the other hand has seen an astronomical increase in the past year. LUNA closed the year at $89.66 in 2021. It traded at $0.66 in 2021. This type of price action can lead to exponential earnings for its users.

What is the Difference Between UST and LUNA?

LUNA is secured using a Delegated Proof of Stake consensus system. Users can stake their coins to verify transactions. It is used to stabilize the price of the protocol’s altcoins.

To increase UST supply in a situation where demand for stable currency such as the UST is substantial, LUNA tokens are burned. As a result, UST’s value decreases, bringing it closer to the $1 level. This causes a decrease in the value of UST and brings it closer to $1.

Many crypto users rushed for LUNA, UST and other cryptocurrencies in large numbers. Therefore, both cryptocurrencies are now available on 1xBit as well, being added to the betting platform’s list of permitted payment options.

What is 1xBit exactly?

1xBit is a cryptocurrency casino that focuses its services on what’s popular right now, such as anonymity and diversity. Users can create login identities through the platform without giving their names. To register, 1xBit only requires an email address. The platform generates login credentials which provide anonymity for its users.

Easy navigation is also provided by the platform. The platform also has over 5000 games that can be played at casino to satisfy the different needs of customers.

1xBit offers new customers a welcome bonus on their first deposit of up to 4 BTC. This incentive gives them an edge over the rest.

1xBit is also very serious about security. The platform has several measures to secure users’ interests, data, and finances. 1xBit’s platform is highly secure, with end-to-end SSL encryption and two-factor authentication, and there has never been a security breach.

Ending Note

For more information and the latest updates, don’t forget to follow 1xBit on Twitter, Instagram, YouTube, and Telegram, or access the official 1xBit website.

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