Terra 2.0

Terra is a decentralised blockchain e-commerce platform that offers fiat-pegged stablecoins for international payments.

Terra’s two tokens are Terra (the stablecoin) and Luna (the collateral token).

Aside from its utility and stake token LUNA, Terra relies on many additional stablecoins linked to major fiat currencies, notably TerraUSD (UST). The Terra crypto ecosystem powers retail transactions with minimal costs, rapid settlement, and frictionless cross-border exchange.

Daniel Shin and Kwon, now CEO of Terraform Labs, launched the startup in 2018. Kwon, 29, used to work at Microsoft; Shin now runs Chai, a Terra partner.

• Terra aims to boost efficiency for payment service providers and value for customers in the rapidly developing Asian e-commerce sector.

• Terra uses Cosmos blockchain technology to challenge existing retail payment apps.

• Terra, being a complete end-to-end payment solution, avoids the present fragmented payment infrastructure.

• Using Terra’s technology may save payment service providers hundreds of millions of dollars annually.

• The Terra crypto network employs its native LUNA currency as a utility and governance token to manage the collateralising processes that back and safeguard the price stability of Terra’s stablecoins.

Terra’s discount strategy, fast settlement, and cheap product purchase costs entice businesses and customers alike.

However, only time will tell if Terra(LUNA) becomes a promising cryptocurrency.

• Staking: Holders of LUNA tokens can stake. When you stake LUNA, you provide the network with those tokens to validate transactions.

• Voting Rights: Token holders have a role in Terra’s future. As a governance token, Luna holders can vote on the project.

• Trading: Traders can trade Terra (LUNA) tokens on a cryptocurrency exchange.

• The Terra ecosystem also includes a blockchain-agnostic development platform that lets software developers construct their own protocols and dApps on top of Terra.

• The Terra protocol supports several currency-linked stablecoins.

• Terra Luna tokens help stabilize its stablecoin. It encourages trade between Luna and stablecoins to boost or decrease supply.

• Terra introduced Anchor, a savings and lending system. This protocol lets users deposit and earn interest on stablecoins.

• Terra is still lagging behind major cryptocurrency initiatives like Ethereum.

• Most Terra-related cryptocurrency transactions originate in Korea, where its creators reside. It is too early to tell if Terra-related currencies will catch on elsewhere.

• Terra is less “decentralized” than Ethereum. This may turn off some blockchain purists.

• Trade-in Terra(LUNA) with just Rs.100

• User-friendly Cryptocurrency trading platform 

• Invest in Terra(LUNA) without any hassles

The Terra (LUNA) Initial Coin Offering (ICO) finished on March 1, 2019, and raised a total of $ 62,000,000.