Terra Protocol

Terra is a blockchain project built for financial payments for the e-commerce sector. The project creates its own stablecoin through algorithms to facilitate payment and reduce transaction fees. A portion of the transaction fees saved is also deposited into their Treasury fund, which is used for fiscal budgeting purposes that helps to maintain the stablecoin prices.

Terra Protocol Overview

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What is Terra?

Terra is a blockchain project built for financial payments for the e-commerce sector. The project creates its own stablecoin through algorithms to facilitate payment and reduce transaction fees. A portion of the transaction fees saved is also deposited into their Treasury fund, which is used for fiscal budgeting purposes that helps to maintain the stablecoin prices.

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$LUNA is the native token for Terra and core to the ecosystem.
Not only is $LUNA important in maintaining the stability for Terra stablecoins via algorithms
It is also the governance token for the Terra ecosystem, where important proposals are decided and voted for by the community staking $LUNA.