introduction
Welcome to the official documentation for Terra, the decentralized financial infrastructure that supports money innovation. Terra provides the basic building blocks for a new digital economy with stablecoin protocols, oracle systems, smart contracts, and plans for mass user adoption.
The convention consists of two basic tokens .Terra and Luna Land Stablecoins that track the cost of the type of money that governments issue. The client scored a new Terra by consuming Luna. Stablecoins are named for their fiat partners. For example, the Terra base stablecoin tracks the cost of an IMF SDR named TerraSDR-SDT. Another stablecoin division combines TerraUSD or UST and TerraKRW or KRT.
What is Terra?
The Terra protocol is a leading open-source decentralized public blockchain protocol for algorithmic stablecoins. Using a combination of open market arbitrage incentives and decentralized oracle voting, the Terra protocol creates a stablecoin that consistently tracks the price of any fiat currency. Users can spend, store, trade or exchange Terra stablecoins instantly, all on the Terra blockchain. Luna gives the holder the prize of stakes and the power of government. The Terra Ecosystem is a decentralized application network that is growing rapidly, creating a steady demand for Terra and increasing the price of Luna.
What is Luna?
Luna is the native token staking of the Terra protocol which absorbs the volatility of Terra's price. Luna is used for government and mining. Users stake Luna to a validator who records and verifies transactions on the blockchain in exchange for a transaction fee. The more Terra is used, the more Luna scores.
LUNI is a meme/utility token. LUNI is designed as a meme token but also comes with real features, some of which are unique to the entire chain.
We carefully analyzed all available blockchains and decided to release LUNI on the Terra chain. Terra is still in the early stages of adoption and has a promising future thanks to decentralization, LUNA, UST, MIRROR, ANCHOR, and other important Terra-based coins.
How the Terra convention works Stablecoin
Stablecoins are a fundamental element of the Terra convention: a crypto resource that tracks hidden cash costs. As an advanced type of money, Terra stablecoin can be used like government-issued money with the added advantages of blockchain: immutable public records, time exchange, faster payment times, and fewer fees.
Stablecoins are very important for clients if they are following the value of their shares. The Terra Convention leverages the fundamental market influence of market interest to follow Terra prices. When interest in Terra is high and supplies are limited, Terra's price increases. When interest in Terra is low and supplies are too large, Terra's price decreases. Conventions ensure that Terra's market interests are continuously adjusted, driving costs down.
Expansion and compression
Think of Terra's entire economy as two groups: one for Terra and one for Luna. To offset Terra's costs, Luna's inventory pool adds or subtracts from Terra's stock. The client consumes Luna to print Terra and consumes Terra to print Luna, all driven by the convention algorithmic market module.
Extension
When Terra's price is high compared to its stock, supply is too little and demand is too high. Convention encourages clients to consume Luna and Terra mint. Terra's new inventory makes the pool bigger, balancing supply with demand. The client prints additional Terra from the consumed Luna until Terra reaches the desired price. Luna Pool becomes simpler in this interaction, increasing Luna's cost.
Withdrawal: When Terra's price is too low compared to its stock, supply is huge and demand is very low. Convention motivates clients to consume Terra and mint Luna. The decrease in Terra stock causes shortages, and Terra's costs increase. More Lunas are minted than Terra is consumed until Terra reaches the desired price. Luna pool increases and lowers costs.
Luna is a variable partner for fixed resource Terra. By balancing supply, Luna costs increase as interest for stablecoins increases.
Terra's solid value is achieved with a convention algorithmic marketplace module, which improves printing or opening consumption exchanges. Exchanges occur when clients benefit from value contrasts between business sectors.
Terra's convention market module empowers clients to consistently trade 1 USD Luna for 1 UST, and vice versa, encouraging clients to follow Terra's fees. This equivalent standard applies to all categories of Terra stablecoins.
MISSION
We are really tired of the constant scam projects that bring bad reputation to the entire crypto community - that's why we decided to create LUNI on the Terra blockchain.
Market and exchange module
Terra's solid value is achieved with a convention algorithmic marketplace module, which improves printing or opening consumption exchanges. Exchanges occur when clients benefit from value contrasts between business sectors.
Terra's convention market module empowers clients to consistently trade 1 USD Luna for 1 UST, and vice versa, encouraging clients to follow Terra's fees. This equivalent standard applies to all categories of Terra stablecoins.
For More Information:
Website: http://luniofficial.com
Whitepaper: https://docs.terra.money/Concepts/Protocol.html#terra-and-luna
Twitter: https://www.twitter.com/LUNIonTerra
Telegram: http://t.me/LUNIonTerra
Discord: http://discord.gg/B8FA9fFHT9
YouTube: http://tinyurl.com/LUNIonTerra
Author : Tpower19
Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=3386675
TerraStation Wallet : terra1q3f688462zmlmqghpzqsj40myrpkd2w6qcqltn