- What is Terra?
Terra (LUNA) is a programmable money for the internet that is easier to spend, and more attractive to hold. Available on all leading blockchains. The Terra blockchain is the backbone of the various applications built by Korean blockchain firm Terraform Labs. Terra has formed many partnerships with industry leaders sector-wide. Furthermore, Terra has come up with an innovative solution for creating multi-collateralized stablecoins in a decentralized way.
The native Terra (LUNA) coin is the lynchpin of the entire Terra network. The burning of LUNA coins helps to stabilize the Terra stablecoin ecosystem and incentivize usage. Terra (LUNA) brings a lot of benefits to the market, its decentralized and permissionless nature makes it ideal for the digital economy. The network offers competitive programmable payments, logistics, and an infrastructure designed to simplify Dapp and stablecoin development.