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The Luna Foundation Guard Closes A $1 Billion Private Token Sale

Twitter icon  •  Published 4 years ago on February 23, 2022  •  Hassan Maishera

The Terra team announced on Twitter yesterday that the Luna Foundation Guard closed a $1 billion private token sale.

The Luna Foundation Guard Closes A $1 Billion Private Token Sale

The Terra team announced on Twitter yesterday that the Luna Foundation Guard, a Singapore-based non-profit organization supporting the growth of the Terra ecosystem, closed a $1 billion private token sale. The token sale is designed to establish a decentralized UST Forex Reserve denominated in Bitcoin (BTC).

The token sale was led by Jump Crypto & Three Arrows Capital, with participation from DeFiance Capital, Republic Capital, GSR, Tribe Capital, & many others.

LUNA, the native token of the Terra ecosystem, is up by more than 15% in the last 24 hours and is trading at $57.20 at press time.

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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