How does the repeg process work for Luna Classic?

1 answers

• Nov 24, 2021 · 3 years ago
  As an expert in the field, I can tell you that the repeg process for Luna Classic is an important mechanism that helps to ensure its stability. The process involves monitoring the market value of Luna Classic and comparing it to the target value. When there is a deviation, the third party responsible for the repeg process will take appropriate action to bring the value back in line with the target. This can involve buying or selling Luna Classic on the market, depending on the direction of the deviation. The repeg process is designed to be transparent and efficient, ensuring that Luna Classic remains a reliable and stable cryptocurrency.
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