Logo Terra LUNA

Price-stable and growth-driven crypto asset

5e-05 -100.0%

What is Terra?

Terra is an algorithmic stablecoin protocol to bring decentralised finance (DeFi) to the masses. It tracks the price of fiat currencies, and ensures that the stablecoins are consistently pegged at 1:1 with the fiat currency that they correspond to. This is achieved through seigniorage where the native token, LUNA is used to mint and buy-back Terra stablecoins. Aside from minting stablecoins, Terra also supports blockchain applications developers through smart contracts. Terra itself is built on Cosmos SDK, therefore is secured through a dPoS and Tendermint BFT consensus algorithm. There are many dApps that are built into the Terra ecosystem such as Mirror Protocol, Terra Swap, and Anchor Protocol. With more and more dApps in the Terra ecosystem, the whole ecosystem would flourish, bringing new innovations and fundings into the blockchain universe. 

LUNA is the backbone token of the Terra algorithmic protocol. It is used to absorb price volatility through seigniorage by staking LUNA. At the same time, LUNA is also used for staking to record and verify transactions on the blockchain, for governance and for transaction fee. The demand of LUNA comes from the algorithm for stabilising the peg, from transaction fees, and also from the increase of demand from the applications in the Terra ecosystem. 

Terra Project Investors ($58.0M)

Hashkey, LuneX Ventures, Pantera Capital, Coinbase Ventures, Galaxy Digital, NON-fungible Chan, Infinite Capital, Rockaway Blockchain Fund, Arrington XRP Capital, yield ventures.

Terra Highlights

Source: www.terra.money

Source: www.terra.money

Source: www.terra.money

Source: www.terra.money

Footnote: [NS]

Signals (Beta):  [Crash Level 5]  [Sharpe Ratio -0.09]