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Native Terra Supported Now!

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  Coinmetro Officially Supports Native Terra Native Terra support has arrived at Coinmetro, and we’re enthusiastic about helping our users quickly access its different protocols. Terra is a blockchain payment network with stable coins and is powered by LUNA, its native token. LUNA is already part of the Coinmetro ecosystem and features the LUNA/USD and LUNA/EUR pairs. Our fiat on ramps will enable the purchase of Terra assets with fiat and withdraw on the Terra Chain. How Does Terra UST Work? In contrast to centralized stable coins, Terra’s decentralized stable coins are not backed by assets like cash or government debt. Instead, they’re backed by Terra’s native LUNA coin. Terra uses a novel mint and burn mechanism, wherein one dollar’s worth of LUNA can be burned to mint one UST. This dynamic makes it possible for UST to maintain its peg due to simple supply and demand. Similar to Coinmetro’s XCM, LUNA is integrated into Terra. In this case, it supplements the UST supply when nece...
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Complete Beginners Guide On Terra Station Network

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  277 SHARES 2.1k VIEWS Share on Facebook Share on Twitter Although new and small, Terra provides an innovative DeFi finance ecosystem and is one of the most efficient smart contract blockchains in the market. For users wanting to engage in the Terra ecosystem, first, they need to create an online account, download Terra Station, create a Terra wallet, and start funding their wallets with Luna tokens. The easiest way to purchase LUNA tokens is through a centralized exchange like FTX, Coinbase, and Phemex. Users then can withdraw the purchased tokens to their Terra Station Wallet address. An Overview Of Terra Built on Cosmos SDK, Terra is a scalable, programmable blockchain protocol that renders users a stablecoin ecosystem and provides stability when conducting cross-border payments. It was officially launched in January 2018 and released its mainnet in 2019. Terra uses the Tendermint Delegated-Proof-of-Stake (DPoS) consensus mechanism to offer low-cost transactions with fast settl...
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