Terra (LUNA)

Terra is a digital currency with a primary goal of freeing users from paying extra hidden fees in the eCommerce world by bringing blockchain technology to the masses on a global scale, with a focus on utility rather than trading. Terra is a stablecoin that uses an algorithm to self-regulate by either minting or burning coins based on the current exchange rate of Terra to accommodate ebbs and flows in the market.

Terra (LUNA) To USD | LUNA Conversion Calculator

What is Terra (LUNA)?

Terra’s primary goal is to protect users from paying extra hidden fees in the eCommerce world by increasing blockchain technology adoption on a global scale. Terra is a non-collateralized stablecoin that achieves price stability by using an elastic money supply. Terra is growth driven and aims to create a diverse crypto ecosystem with assets tied to the US Dollar, Chinese Yuan, Euro, the Japanese Yen, and other fiat currencies. Conversions between this community of currencies are simple due to Terra’s algorithmic model that supports the correct fiat exchange rate. The Terra payment network is supported by its token, which helps control currency exchanges. The system regulates itself by either minting or burning coins based on the current exchange rate of Terra to adjust for ebbs and flows in the market.

Terra (LUNA) Market Price Ticker Chart

About Terra (LUNA)

The ultimate goal of Terra is stability and adoption at scale. The Terra payment network offers lower transaction fees, ongoing discounts, and instant settlement. In addition, Terra has an app available for download that allows for easier mobile engagement among users and merchants.