What Is Terra (Luna)? Terra Price Prediction. Terra (Luna) Explained. |
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What Is Terra (Luna)? Terra Price Prediction. Terra (Luna) Explained.
Terra is a blockchain protocol that uses fiat-pegged stablecoins 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 mainnet officially launched in April 2019. As of September 2021, it offers stablecoins 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 stablecoins. LUNA holders are also able to submit and vote on governance proposals, giving it the functionality of a governance token. 🌟 Please don't forget to hit that SHARE, LIKE and SUBSCRIBE 🌟 To subscribe and hit the bell "🔔" icon! Follow our social media accounts below.👇 💻Telegram: https://t.me/Crypt0Frenzy 🐦Twitter: https://twitter.com/Crypto_Frenzy_ DISCLAIMER/CONTACT: This description contains affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. This help support the channel and allows me to continue to make videos like this. Thank you for the support! If you have any issue regarding the content posted, please let me know and contact me. Please check out all the creators in the video! For questions/credits/submissions/business: crypto365promo@gmail.com Copyright Disclaimer, Under Section 107 of the Copyright Act 1976, allowance is made for 'fair use' for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use |