If you're familiar with stablecoins, you understand their linkage to fiat currencies to maintain value stability. This ensures investors can securely hold assets in stablecoins without worrying about deflation.
However, as the Covid pandemic has crashed the crypto market, there has been more demand for stablecoins. This is known as the "stablecoin invasion", leading to a steady increase. There are more than 200 coins in the market today with an asset value of around $20 billion. While there are many resources and whitepapers introducing each one and why it's the best, stablecoin websites are usually the go-to source for information and updates.
If you're currently looking for the right stablecoin to invest in, you may have come across Terra.money. But what is Terra.Money, is it safe and legit? How does it work? These questions and many others will be answered in this review.
Terra.Money is the OFFICIAL website for the Terra protocol, which we will now refer to as just Terra. Terra is an open-source network of decentralized stablecoins built on the Terra blockchain.
If you're just hearing about Terra, here is what you need to know. Terra is a blockchain protocol that powers payment systems across the globe with fiay-pegged stablecoins.
The project started in January 2018 and started its mainnet in April 2019. Terra's native coin is LUNA. Terra is a huge cryptocurrency project that is projected to become one of the biggest stablecoin networks soon.
So, the role of Terra.Money is to serve as the central and authoritative source for all the data, news, information, resources-practically everything there is to know about Terra. But there is even more to this website than meets the eye, which you will learn as we go on in this review.
The Terra team is responsible for managing Terra.Money. As the official website of the Terra project, the management and control of the website are in the hands of its community members, which they emphatically refer to as the #LUNAtic community.
Whether you are a developer or a crypto investor, Terra.Money will facilitate you with up-to-date information and resources about Terra. To be more specific, here are the features of Terra.Money that makes it a very useful site for Terra and crypto enthusiasts.
Terra.money offers a wide range of benefits for individuals, investors, and developers who are interested in the Terra blockchain and crypto generally. Here is how the website can help you achieve your Terra goals: