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’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.
The Terra (LUNA) Initial Coin Offering (ICO) finished on March 1, 2019, and raised a total of $ 62,000,000.
Terra (LUNA) is a payment platform based on stablecoins. Terra is a blockchain payment network powered by its own LUNA token and integrated with stablecoins.
Terra is driven by Tendermint consensus, which secures the network via a set of validators. Validators operate complete nodes and try to bring the network’s consensus to a conclusion.
Terra employs a dual-token structure. Terra serves as the stablecoin and Luna as the collateral token.
Yes, investors can mine Luna coins.
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