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Terra: What is it and how to get free tokens



Terra is currently one of the most promising and trendy crypto projects. As the value of Bitcoin and other volatile cryptocurrencies continues to fluctuate significantly, some investors are now on the tide of Terra to diversify their portfolios.

What is the Terra ecosystem

Terra Money is a DeFi FinTech payment network that enables programmable payments and financial development using fixed coins using fiat currency (supported by Luna cryptocurrency).

Under the supervision of Terraform Labs, the TerraCrypto project has been very popular in the last few years. Through the Terra team, key investors such as LightSpeed ​​Venture Partners, Arrington Capital and Pantera have agreed to commit $ 150 million to expand various projects related to promising cryptocurrencies. Terra Labs and its partners have developed applications that run on corporate blockchain technology to permanently record corporate crypto finance transactions.

The official wallet can be downloaded from https://www.terra.money/.

What is the Terra stablecoin

Terra Stablecoin, like most stablecoins, is designed to address the instability issues of common cryptocurrencies such as Bitcoin.

IOU StableCoins such as Tether (USDT) are linked via cash to traditional fiat currencies such as the US dollar and are backed by cash equivalents.

For the stablecoin currency Terra, support is supported by the alternative currency Luna.

To create a new TerraMoney (UST stablecoin token), the developer burns a percentage of another digital token called Luna. As the demand for UST increases, more Luna tokens will be automatically written and sent to the community group. This balancing strategy helps to stabilize Terra's value to some extent.

There are daily airdrops and competitions for anyone who participates in the Terra ecosystem.

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