Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems.
Terra's native token, LUNA, is used to stabilize the price of the protocol's stablecoins. LUNA holders are also able to submit and vote on governance proposals.
Terra was founded in January 2018 by Daniel Shin and Do Kwon. The two conceived of the project as a way to drive the rapid adoption of blockchain technology and cryptocurrency through a focus on price stability and usability.
Terra stablecoins offer seamless cross-border value exchange and instantaneous swaps between one another, all while employing instant settlement and extremely low fees for use by anyone, anywhere.
It has a circulating supply of 400 Million LUNA coins and a total supply of 997 Million.
If you are looking to buy or sell Terra, Bitfinex is currently the most active exchange.
The Terra blockchain is secured using a proof-of-stake consensus algorithm based on Tendermint, in which LUNA token holders stake their tokens as collateral to validate transactions, receiving rewards in proportion to the amount of LUNA staked. Token holders may also delegate others to validate transactions on their behalf, sharing in any revenue generated.
Terra also offers additional guidance to validator nodes on the best practices for helping to keep the network secure.
Terra's native token, LUNA, is listed on several cryptocurrency exchanges, where it is available to be traded against fiat currencies, stablecoins and other cryptocurrencies:
References: Special thanks to CoinMarketCap
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