The Luna Foundation Guard closes a $1 billion private token sale
Hassan Maishera - Cryptowisser
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The Terra team announced on Twitter yesterday that the Luna Foundation Guard closed a $1 billion private token sale. The token sale is designed to establish a decentralized UST Forex Reserve denominated in Bitcoin (BTC). The Luna Foundation Guard is a Singapore-based non-profit that supports the Terra ecosystem.
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 nearly 15% in the last 24 hours and is trading at $59.08 at press time.
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