Terra (LUNA) Tausch

Terra is a blockchain network protocol that facilitates global payment systems with fiat-pegged stablecoins. With the LUNA token as the network’s native coin, Terra merges the price stability and the mainstream adoption of fiat currencies with the censorship-proof nature of Bitcoin (BTC) and offers fast and affordable settlements.

The Terra protocol was developed by Do Kwon and Daniel Shin in January 2018. Both Co-founders had a deep background in programming and their expertise was brought to develop the Terra protocol which works on the Proof-of-Stake consensus mechanism.

Unlike other known stablecoins, the LUNA is not pegged on a ratio of 1:1 with the fiat currencies it has support for including the United States Dollar, Korean Won, Mongolian Tugrik and the International Monetary Fund's Special Drawing Rights basket of currencies.