Logo Terra LUNA

Price-stable and growth-driven crypto asset

40.14 -8.25%

What is Terra?

Terra protocol issues stablecoins that is pegged to fiat currency of different countries, such as  TerraUSD (UST) to United States Dollar (USD) and TerraKoreanWon (KRT) to Korean Won. Terra protocol supports atomic swap to make a conversion between the currencies. Hence, users can swap UST to KRT instantly using the KRW/USD exchange rate. Terra protocol runs on Tendermint Delegated Proof-of-Stake (PoS) algorithm, which means validators need to stake the native token to mine Terra transactions. LUNA is the native token for Terra. It serves as incentives for validators who helps by staking the token to secure price-stability for Terra's stablecoins. The incentives rewards are obtained through fees, taxes and seigniorage (LUNA burn).

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.