What is TERRA Network?
Terra charges a fee for every transaction. In the same way that Ethereum gas fees are used to pay for Terra Network, Terra fees are used to pay for Terra Network.
For the creation and exchange of digital assets, Terra Network uses blockchain technology. Our system incorporates block and transaction verification, quick confirmation of transactions, and decentralized exchange. A third-party hostage situation will never arise since Terra's platform will allow users to generate, exchange, and convert their own assets without the need for a third-party intermediary. We refer to them as "stablecoins" because they're always worth $1, even though they might represent any asset with a genuine market value.
A Terra Network-developed decentralized application (dApp) allows users to instantly trade between different stablecoins. While Terra has the capacity for rapid confirmation and decentralization, our own protocol allows us to take advantage of these features.
It can be viewed in a variety of ways.
On a decentralized and open-source public blockchain, you can develop algorithmic stablecoins. Open market arbitrage incentives and decentralized oracle voting are also used to build stablecoins that are more than 99 percent stable against the US dollar.
Its existence cannot be justified by a project such as Terra. Our goal is to make money easier to use, comprehend, and trust. As a result, all of this is built on top of the blockchain."
How does Terra operate in the interim?
The Terra protocol is built on currency options trading. Terra network traders and hedgers can utilize their tokens as collateral for high-interest loans secured by the participants' tokens. Lending your tokens to other users is a risk-free way to make money off of them without having to take any risks yourself. Better returns can be achieved if you have a larger amount of collateral to invest in
All Terra-based apps benefit from a self-sustaining ecosystem where demand for USD is assured by collateral, which reduces volatility and maintains price stability
It is a meme money called the LUNI Token.
LUNI, the Terra-based meme token, has a real-world usage and function. As a result of our efforts, the Terra blockchain will gain new functionality and entertainment. It was established in South Korea in 2018 as a safe and decentralized network.
With the goal of creating a more decentralized cryptocurrency in mind, Terracoin was launched in 2012. There have been several ways Terracoin has already demonstrated its value, such as increasing its block size from 1 GB to 2 GB, which allows for faster transactions at lower prices. Cryptocurrency features include an anonymous transaction address, decentralized governance, and the ability for investors to vote on future changes by staking their coins in these proposals.
"LUNI" is an acronym for "Lunation Cycle," which refers to a full Moon cycle, which occurs once every 28 days. In astrology, this is a sign that your life will improve during this period. Our idea is that the lunation cycle may be applied to our personal lives as well as to the global bitcoin market. Full-moon LUNI shines brightly like a full moon.
The primary goal of the LUNI Token
At an alarming rate, the number of bitcoin frauds is rising. We've already lost a lot of money, and we need to act now. We plan to launch a product to address this problem.
We will be able to burn all of the LPs that are accessible after the ICO. We'd like to store tokens on the Terra blockchain, and we'd like to show you some of our progress on it.
As a result, our token is built to last for generations to come. Because of this, we are confident in the long-term profitability of our initial coin offering (ICO). But there's a lot more we can do to improve our community. If you participate in mining or contribute to the growth of our network, you can earn LUNI tokens and then use those LUNI tokens to exchange for other cryptocurrencies like BTC or ETH.
There is just one token that may be used in the Luniverse platform: LUNI. LUNI tokens can be used on our new marketplace as a result. As long as you're using your own money in our system, you won't need to convert LUNI to ETH or BTC to buy anything.
What are you going to do with your $LUNI tokens?
Tokenized goods and services from Lunyr, Inc.'s next offerings will all be powered by the new LUNI token. In order to earn LUNI tokens, you can write high-quality articles that meet our editing requirements. LUNI tokens can be earned if you provide full and informative reviews of these articles Readers who read and vote on these articles will be rewarded with LUNI tokens. When readers upvote articles they find valuable, tokens are awarded.
LUNI tokens can be earned by writing high-quality content that meets our editorial standards and is approved by moderators.
Peer reviewers who do a good job will be rewarded with LUNI tokens.
The LUNI tokens can be earned simply by reading and voting on articles that you think to be of interest.
Having earned some LUNI tokens, be sure to check out the "Earn" section!
For more information :
Website: http://www.luniofficial.com
Whitepaper: https://drive.google.com/file/d/1xz9LFlVlD8YFtOd2gz8LYxmoTN4uM3CK/view
Genesis LUNI NFT collection: http://tinyurl.com/GenesisLUNINFT
Telegram: https://t.me/LUNIonTerra
Twitter: https://twitter.com/LUNIonTerra
Discord: https://discord.gg/B8FA9fFHT9
YouTube: https://tinyurl.com/LUNIonTerra
Instagram: https://www.instagram.com/lunionterra/
Author
UserName : Alina Tych0noff
Profile BTT : https://bitcointalk.org/index.php?action=profile;u=3403724
Wallet : 0x1744F8EcA0D64BD494e71b2903C668D7Ea134139