Terra Money - A Public Blockchain Protocol With Synthetic Asset Protocols

Terra Money - A Gateway For Terra’s Tokens For Users and Creators

Terra Money is an ecosystem that connects creators, builders, and users of Terra to build the future of Defi and online communities. The Terra Launchpad provides an industry-leading decentralized stablecoin, a dynamic contract platform, cross-chain DeFi transactions, and much more. 

This platform hosts a variety of algorithmic stablecoins on the network that are supported by leading blockchains. Terra is the leading decentralized and open-source blockchain protocol, and it allows its users to spend, save, trade, or exchange Terra stablecoins all within the ecosystem.

Significant Features of Terra Money

Stablecoins

Stablecoins are crypto-assets that track the price of an underlying currency. Terra stablecoins can be used similarly to those of any fiat currency. The prices of the Terra are regulated by the basic supply and demand forces, leading to a stable price.

Supplied by Validators

Validators provide security and ensure the blockchain’s accuracy by verifying the transactions made on the Terra network. Like Ethereum Launchpads, validators of Terra Money are entrusted with the tasks of proposing blocks, voting on their validity, and adding new blocks in exchange for staked rewards. They are vital for the governance of the protocol.

Terra and Luna

What Terra Money does differently from other IDO launchpads like Binance Launchpads is with the in-house tokens. Terra and Luna are the two main tokens of the protocol. While Terra is a stablecoin that tracks the underlying price of fiat currencies, Luna is the native staking token of the Terra Protocol that reflects the price volatility of Terra and Terra Launchpad. Luna is used for governance and mining, whereas users can create new Terra by burning Luna.

Top Alternatives to Terra Money

The top two other options for Terra Money are StarTerra and Pylon Protocol. StarTerra is a gamified launchpad for Terra, offering a unique combination of guaranteed and lottery-based prize tools. Pylon Protocol provides a platform to deposit your money, spend your earnings, and make profitable investments.