Luna was/is built using Cosmos technology but is its own sovereign independent chain
Oh ok, ty i was a little bit worried
Yeah no worries, the beauty of Cosmos is each chain has its own governance and sovereignty, if one chain goes down for whatever reason, the rest are fine
so it's not like eth or other chains that the price of the native coin affects that of the token, right?
That’s probably debatable / borderline speculative, since ATOM is the on/off ramp for most cosmos chains, it is somewhat connected. but when liquidity is available on enough cexes, chains tend to have their own resiliency
For example, BNB and Luna don’t necessarily follow the price of ATOM, but a lesser known token like Juno or Osmosis might
Ok! Understand!
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