About Terra Classic

Terra is a blockchain protocol that introduces an innovative solution to cryptocurrency volatility. Established by the Korean company Terra Labs in 2018, it addresses the common issue of price fluctuations that hinder cryptocurrency adoption as a means of exchange or transactional currency. Terra develops and supports stable payments and open financial infrastructure through an elastic monetary policy that creates stablecoins pegged to various fiat currencies. The Terra blockchain is powered by the LUNA token, which also functions as a governance and staking token that supports Terra's stablecoins and payment systems. Terra’s architecture enables the creation of self-stabilizing stablecoins and other unique features. The platform offers a range of stablecoins linked to fiat currencies, inc...