Terra (LUNA)

What is Terra? Terra (LUNA) is a digital cryptocurrency created by the Terra Foundation and launched in 2019. It is a price-stable digital currency designed to be used in everyday transactions and backed by a reserve of assets. The Terra Protocol leverages a series of algorithms and mechanisms based on blockchain technology to maintain the relative price stability of its native digital currency, LUNA. Who founded it? Terra (LUNA) was founded by the Terra Foundation, a consortium of cryptocurrency and blockchain technology experts, entrepreneurs, and investors. The Foundation’s mission is to power the global transition to a digital economy. What Makes it Unique? The Terra Protocol is a unique, innovative blockchain based system that helps to maintain the relative price stability of its native digital currency, LUNA, by reducing its volatility and offering a more stable alternative to traditional fiat currencies. The Protocol uses a variety of algorithms and mechanisms, such as seignorage shares, a reserve system, and a stablecoin pegged to more traditional currencies, to ensure price stability. Where does it used? Terra (LUNA) is designed to be used in everyday transactions. It can be used to buy and sell goods and services, to pay for utility bills, to purchase international remittances, or simply to store value. It is currently accepted by a variety of merchants and services providers, including Shopify, Stripe, and AirBNB, and is expanding its user base rapidly. Where to buy/sell it? Terra (LUNA) is listed on a variety of cryptocurrency exchanges, including Binance, Huobi, and Bitfinex. It can also be purchased with a credit or debit card on a variety of crypto exchange platforms, such as Coinmama or Changelly.