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What Is Terra (LUNA)?
Terra is a blockchain protocol that uses fiat-pegged stable coins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.
Development on Terra began in January 2018, and its main-net officially launched in April 2019. As of September 2021, it offers stable coins pegged to the U.S. dollar, South Korean won, Mongolian tugrik, and the International Monetary Fund's Special Drawing Rights basket of currencies — and it intends to roll out additional options.
Terra's native token, LUNA, is used to stabilize the price of the protocol's stable coins. LUNA holders are also able to submit and vote on governance proposals, giving it the functionality of a governance token.
What Is Terra (LUNA)?
Terra is a blockchain protocol that uses fiat-pegged stable coins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.
Development on Terra began in January 2018, and its main-net officially launched in April 2019. As of September 2021, it offers stable coins pegged to the U.S. dollar, South Korean won, Mongolian tugrik, and the International Monetary Fund's Special Drawing Rights basket of currencies — and it intends to roll out additional options.
Terra's native token, LUNA, is used to stabilize the price of the protocol's stable coins. LUNA holders are also able to submit and vote on governance proposals, giving it the functionality of a governance token.
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📊 Indicators: www.robinhoodlab.com/pricingplans
