What is Terra (LUNA)? | Terra LUNA Explained in Under 60 Seconds

The Terra Protocol is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. The Terra Token (LUNA) is Terra's native token used to stabilize the price of the stablecoins. LUNA holders are able to vote on governance proposals.

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Terra has stablecoins pegged to the USD, KRW, MNT & the IMF's SDR basket of currencies with plans to add additional options.

ANCHOR PROTOCOL (HOLD)
The Anchor Protocol allows Terra stablecoin holders to earn stable yield. Block rewards of leading proof-of-stake blockchains powers the protocol.

SEAMLESS TRANSACTIONS (SPEND)
Terra stablecoins offer instant settlements, low fees & seamless cross-border exchange.

MIRROR PROTOCOL (TRADE)
The Mirror Protocol allows the creation of synthetics that track the price of real world assets. The synthetics are used as key building blocks in smart contracts, that bring real world assets to the blockchain.

DECENTRALIZED APPLICATIONS (BUILD)
Developers are able to build smart contracts, run multiple chains, use stablecoins as primitives, and use payment services for dAPPs.

WEBSITE: https://terra.money/