Terra Technical Analysis
What is Terra
Terra is a blockchain that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.
Development on Terra began in January 2018, and its officially launched in April 2019. As of September 2020, it offers stablecoins pegged to the U.S. dollar, South Korean won, Mongolian tugrik, and the International Monetary Fund’s Special Drawing Rights basket of currencies and it intends to roll out additional options.
Terra’s native token, LUNA, is used to stabilize the price of the protocol’s stablecoins. LUNA holders are also able to submit and vote on governance proposals.
How to buy Sell Terra in India
To buy and sell Terra, you need to have a Terra wallet and an exchange account.
The Easiest way to trade in Terra is using the Indian Crypto Exchange WAZIRX
Click here to Open WazirX account and start buying and selling Crypto in India.