Cryptocurrencies have become increasingly popular in recent years, and it’s not hard to see why. These digital currencies allow you to send money directly from one person to another, all without the involvement of banks or any other financial institution. The lack of regulation and relative anonymity that accompanies most cryptocurrencies make them attractive to many people who want to transact online without restrictions or limits. While this freedom may be appealing, you should be aware of the potential risks that come with using cryptocurrencies, as well as the limitations of these currencies, before making a decision on whether or not this payment method is right for you.
What is Moon?
One of the many things we love about Luna is that she was created by an all-female team. The team is led by CEO and founder Ayako Miyaguchi, a former banking executive who has held positions at Mitsubishi UFJ Bank, All Nippon Airways, Oracle Japan, and IBM Asia Pacific in her career spanning more than 20 years. She claims to have been researching blockchain technology since 2013, which led her to set up her own hedge fund in 2015. It’s no surprise, then, that she launched Luna almost immediately after founding Vena Network in January 2018.
How does it work?
Like most crypto projects, Luna is decentralized and peer-to-peer. This means that no one owns your money and you can access it from anywhere in the world. Since there are no middlemen involved, transactions are quick and easy. Transactions are confirmed every ten minutes and rewards are paid daily as long as you keep your customer open. The client itself is portable, so if you’re away from your computer, it won’t affect how quickly you can start earning rewards or checking your balance. You also have many other options to keep up with what is happening with your account.
Pros and cons
While many consumers still find it difficult to obtain cryptocurrencies (see our guide to buying Bitcoin here), there are already signs that widespread adoption is taking place. Starbucks recently announced that customers will be able to use a new cryptocurrency called Bitcoin Cash for payments at its coffee shops, and more than 130 universities have now started accepting crypto education payments. Of course, as always, there are downsides; In fact, an investor recently lost millions of dollars after trying to sell a few thousand Dogecoins on the exchange, was he wrong? He sent his coins to an address one letter short of what he intended! See how fast cryptocurrencies move compared to traditional markets.
Is it worth investing in Luna?
Let’s face it, cryptocurrency is baffling. A combination of blockchain technology and financial services, each cryptocurrency has a unique function that attracts investors in different ways. But since there are hundreds (if not thousands) to choose from, it can be difficult to know which coins are worth investing in and which ones are not. Fortunately, we did our research on Luna Coin (LUNA), so no need! We think LUNA may be one of the best long-term investments of 2018. Read on to find out why…
