Market Cap
$21,189,179,050.63
Volume (24 H)
$3,426,829,893.45
LUNA with marketcap of BTC
$1,781.6224
Terra / U.S. Dollar Tweet Timeline of Bullrun_Gravano

LUNA Sentiment Score of Bullrun_Gravano

Tweets

About Terra

What Is Terra (LUNA)?

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.

Who Are the Founders of Terra?

Terra was founded in January 2018 by Daniel Shin and Do Kwon. The two conceived of the project as a way to drive the rapid adoption of blockchain technology and cryptocurrency through a focus on price stability and usability. Kwon took on the position of CEO of Terraform Labs, the company behind Terra.

Prior to developing Terra, Shin co-founded and headed Ticket Monster, otherwise known as TMON — a major South Korean e-commerce platform. He later co-founded Fast Track Asia, a startup incubator working with entrepreneurs to build fully functional companies.

Kwon previously founded and served as CEO of Anyfi, a startup providing decentralized wireless mesh networking solutions. He has also worked as a software engineer for Microsoft and Apple.

What Makes Terra Unique?

Terra seeks to set itself apart through its use of fiat-pegged stablecoins, stating that it combines the borderless benefits of cryptocurrencies with the day-to-day price stability of fiat currencies. It keeps its one-to-one peg through an algorithm that automatically adjusts stablecoin supply based on its demand. It does so by incentivizing LUNA holders to swap LUNA and stablecoins at profitable exchange rates, as needed, to either expand or contract the stablecoin supply to match demand.

Terra has established a number of partnerships with payments platforms, particularly in the Asia-Pacific region. In July 2019, Terra announced a partnership with Chai, a South Korea-based mobile payments application, in which purchases made using the application on e-commerce platforms are processed via the Terra blockchain network. Each transaction is subject to (on average) a 2%–3% fee charged to the merchant.

In addition, Terra is supported by the Terra Alliance, a group of businesses and platforms advocating for the adoption of Terra. In February 2019, the company announced that e-commerce platforms from 10 different countries, representing a user base of 45 million and a gross merchandise value of $25 billion, were members of the alliance.

Related Pages:

Learn about Tether, the most popular stablecoin by market capitalization.

Learn about Zilliqa, another cryptocurrency project seeking to revolutionize the payments sector.

Want to better understand stablecoins? Read an in-depth guide on Alexandria, CoinMarketCap's online educational resource.

Want to keep track of LUNA prices live? Download the CoinMarketCap mobile app!

Want to convert LUNA price today to your desired fiat currency? Check out CoinMarketCap exchange rate calculator.

Stay up to date on the ways stablecoins are changing the payments industry with the CoinMarketCap education portal — Alexandria.

How Many Terra (LUNA) Coins Are There in Circulation?

Terra has a supply of 1 billion tokens. If this number is exceeded, LUNA is burned until it returns to the equilibrium supply level. New LUNA tokens are minted through the protocol's algorithm, as needed, in order to maintain the price of Terra stablecoins.

LUNA was first made available for purchase in a private token sale for initial investors, which included the investment arms of major exchanges such as Binance, OKEx and Huobi. The sale concluded in August 2018, and as a result, Terra raised $32 million. Of the 385,245,974 LUNA minted for the sale, 10% was reserved for Terraform Labs, 20% for employees and project contributors, 20% for the Terra Alliance, 20% for price stability reserves, 26% for project backers and 4% for genesis liquidity.

How Is the Terra Network Secured?

The Terra blockchain is secured using a proof-of-stake consensus algorithm based on Tendermint, in which LUNA token holders stake their tokens as collateral to validate transactions, receiving rewards in proportion to the amount of LUNA staked. Tokenholders may also delegate others to validate transactions on their behalf, sharing in any revenue generated. Terra also offers additional guidance to validator nodes on the best practices for helping to keep the network secure.

In May 2019, shortly after Terra's mainnet went live, blockchain verification and penetration testing firm CertiK completed a security audit of the network. It examined its economic model to test against market manipulation, its architecture and its coding language. CertiK found that the "modeling and mathematical reasoning" of the Terra network were "considered sound," although it would not comment on the blockchain's performance.

Where Can You Buy Terra (LUNA)?

Terra's native token, LUNA, is listed on several cryptocurrency exchanges — including Huobi, Bitfinex and Upbit — where it is available to be traded against fiat currencies, stablecoins and other cryptocurrencies.

Are you interested in buying LUNA or other cryptocurrencies such as Bitcoin? CoinMarketCap has an educational section — Alexandria — to teach you all about crypto and how to buy your first coins.

To check LUNA price live in the fiat currency of your choice, you can use CoinMarketCap’s converter feature directly on the Terra currency page. Alternatively, use the dedicated exchange rate converter page. Popular LUNA price pairs include: LUNA/USD, LUNA/GBP, LUNA/AUD and LUNA/JPY.

Latest News On Terra

Why Did Wonderland Woes Send the Terra (LUNA) Crypto Plunging? - InvestorPlace

Why Did Wonderland Woes Send the Terra (LUNA) Crypto Plunging? InvestorPlaceTerra's LUNA Dumps After Wonderland Controversy CoinDeskWhat is Terra (LUNA) crypto? All you need to know Kalkine MediaCointelegraph Consulting: The bigger role of LUNA in Terra CointelegraphTechnical Analysis: Terra Luna Drops 20%, While Symbol Token Climbs on Friday – Market Updates Bitcoin News Bitcoin NewsView Full Coverage on Google News

Fri, 28 Jan 2022 19:48:00 GMT

Why Cryptocurrencies Like Avalanche, Terra, Polygon, and Algorand Are Crashing Today - The Motley Fool

Why Cryptocurrencies Like Avalanche, Terra, Polygon, and Algorand Are Crashing Today The Motley FoolAfter The Huge Bitcoin, Ethereum And Crypto Price Crash, These Coins Are Suddenly Soaring ForbesBitcoin, ether hold onto slight gains (Cryptocurrency:BTC-USD) Seeking AlphaOn-Chain Data Shows USD Stablecoins Lost Peg During Market Crash The TokenistCryptocurrencies are under attack ForexLiveView Full Coverage on Google News

Mon, 24 Jan 2022 19:21:37 GMT

Why Ethereum and Dogecoin Are Recovering, While Terra Plunged Today - The Motley Fool

Why Ethereum and Dogecoin Are Recovering, While Terra Plunged Today The Motley Fool

Fri, 28 Jan 2022 18:26:05 GMT

Top cryptocurrency prices today: Bitcoin, BNB zoom up to 6%; Terra bleeds - Economic Times

Top cryptocurrency prices today: Bitcoin, BNB zoom up to 6%; Terra bleeds Economic Times

Fri, 28 Jan 2022 04:02:00 GMT

Anchor Protocol Reserves Slide as Money Market's Founder Talks Down Concerns - CoinDesk

Anchor Protocol Reserves Slide as Money Market's Founder Talks Down Concerns CoinDesk

Fri, 28 Jan 2022 13:25:00 GMT

DeFi Users Fret ‘Contagion’ Risk Amid Possible Stablecoin Depegging - CoinDesk

DeFi Users Fret ‘Contagion’ Risk Amid Possible Stablecoin Depegging CoinDesk

Fri, 28 Jan 2022 02:10:00 GMT

Here’s What’s Next for Cardano (ADA), Polkadot (DOT), Terra (LUNA) and Four Additional Altcoins, Accord... - The Daily Hodl

Here’s What’s Next for Cardano (ADA), Polkadot (DOT), Terra (LUNA) and Four Additional Altcoins, Accord... The Daily Hodl

Mon, 24 Jan 2022 23:05:14 GMT

Market Wrap: Bitcoin Stalls Below $40K, Analysts Point to Risks in DeFi - CoinDesk

Market Wrap: Bitcoin Stalls Below $40K, Analysts Point to Risks in DeFi CoinDesk

Fri, 28 Jan 2022 21:27:00 GMT

4 DeFi Cryptos to Watch in 2022 - Motley Fool

4 DeFi Cryptos to Watch in 2022 Motley Fool

Wed, 26 Jan 2022 16:32:44 GMT

The 5 worst performing cryptos amid bitcoin bear market include Terra - Markets Insider

The 5 worst performing cryptos amid bitcoin bear market include Terra Markets Insider

Fri, 28 Jan 2022 01:08:47 GMT
-0.2%
Average Weekly ROI
1.1%
Average Monthly ROI