Medium of exchange with minimised volatility for everyday transactions
Stable store of value to preserve purchasing power over time
Infrastructure for Decentralised applications requiring a stable pricing mechanism
Support for cross-border transactions and international trade settlements via stable digital currency
Fiscal stimulus for blockchain ecosystem growth, selectively financing dApps that drive adoption and economic impact
Platform for financial services in the Decentralised space, such as insurance, credit services, and payroll applications
Mechanism for predictable and stable miner rewards, fostering long-term security and consensus participation.
News
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About
Terra is a blockchain-based protocol that marries the concepts of fiat currency stability with the innovative potential of cryptocurrencies. Launched in April 2019 by a team led by Do Kwon and including Evan Kereiakes, Marco Di Maggio, and Nicholas Platias, Terra was designed to achieve price stability through an algorithmically-governed elastic money supply. Miners are incentivised to stabilise their prices by adjusting supply in response to changes in demand. By minting or burning its native token, Luna, the protocol maintains Terra's intended peg to multiple fiat currencies. The Terra ecosystem aims to enhance adoption through applications on its platform, funded by seigniorage, the profit from minting new tokens, directed into a Decentralised Treasury.
Medium of exchange with minimised volatility for everyday transactions
Stable store of value to preserve purchasing power over time
Infrastructure for Decentralised applications requiring a stable pricing mechanism
Support for cross-border transactions and international trade settlements via stable digital currency
Fiscal stimulus for blockchain ecosystem growth, selectively financing dApps that drive adoption and economic impact
Platform for financial services in the Decentralised space, such as insurance, credit services, and payroll applications
Mechanism for predictable and stable miner rewards, fostering long-term security and consensus participation.
News
No News Found
No News Found
About
Terra is a blockchain-based protocol that marries the concepts of fiat currency stability with the innovative potential of cryptocurrencies. Launched in April 2019 by a team led by Do Kwon and including Evan Kereiakes, Marco Di Maggio, and Nicholas Platias, Terra was designed to achieve price stability through an algorithmically-governed elastic money supply. Miners are incentivised to stabilise their prices by adjusting supply in response to changes in demand. By minting or burning its native token, Luna, the protocol maintains Terra's intended peg to multiple fiat currencies. The Terra ecosystem aims to enhance adoption through applications on its platform, funded by seigniorage, the profit from minting new tokens, directed into a Decentralised Treasury.
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