Hassan Maishera
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.
